Home Economy Berkshire Buoyed as U.S. Rebound Fires Up Manufacturers, Retail

Berkshire Buoyed as U.S. Rebound Fires Up Manufacturers, Retail

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Warren Buffett’s Berkshire Hathaway Inc. is reaping the benefits of the U.S. economic recovery.

The conglomerate’s collection of manufacturers and retailers bounced back during the second quarter after being hit hard as the pandemic ripped through the U.S. last year. That group of businesses posted its second-highest quarterly profit in data going back to the middle of 2009 and helped fuel a 21% gain in Berkshire’s total operating profit during the period.

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