Kraft Heinz

Buffett ‘disappointed’ in Kraft Heinz merger, stock drops 7%

ByZehra Naz

Warren Buffett, one of the most respected investors in the world, has openly expressed disappointment over the Kraft Heinz merger. This comes as a shock to many because Buffett is usually known for his calm, long-term investment approach. The news hit the stock market hard, with Kraft Heinz shares dropping by 7% almost immediately. We…

Kraft Heinz

Berkshire’s Profit Plunges as $3.8 Billion Kraft Heinz Writedown Hits Earnings

ByZain

Berkshire Hathaway, a giant in the stock market, just took a big hit. The company wrote down its Kraft Heinz stake by $3.76 billion after taxes, causing a 59% drop in quarterly profits. This news has investors talking about what it means for both Berkshire and the stock market. The Kraft Heinz writedown reflects deeper…