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Berkshire poised for gains on rate hikes, countering slumps

August 4, 2023

Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter. But rate hikes and an expanded stake in Apple Inc. will likely help counter those woes.

Warren Buffett’s conglomerate reports second-quarter earnings on Saturday, offering investors a glimpse of how its group of railroad, utility, energy and insurance companies fared in a period dogged by higher costs, wavering demand and a jump in catastrophe losses.

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