Buffett’s Berkshire Lifts Cash Pile to Record $347.7 Billion (2)

Berkshire Hathaway Inc.’s operating earnings fell about 14% from a year earlier and its cash pile surged to a record $347.7 billion as the conglomerate struggled to put money to work amid tariff uncertainty.

Operating earnings at Berkshire, led by Chief Executive Officer Warren Buffett, dropped to $9.6 billion, the conglomerate said in a statement Saturday.

“Considerable uncertainty remains as to the ultimate outcome of these events,” Berkshire said in the statement, referring to international trade policies and tariffs.

Warren Buffett

(Photo by Kevin Dietsch/Getty Images)

Buffett addressed the tariffs more directly at the company’s annual meeting in Omaha, Nebraska.

“I think you can ...