Berkshire earnings estimate cut in half because of Kraft mess as investors await Buffett letter

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The release of Warren Buffett's annual letter is clouded this year as investors confront an unpleasant last-minute surprise.

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A chink in the armor

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Kraft Heinz plunges; Berkshire Hathaway earnings; Economy worriesToday’s top business headlines with ChristineRomans: - High level trade talks continue in Washington - Kraft-Heinz reveals SEC investigation - US existing home sales hit three-year low - Tesla Model 3 loses Consumer Reports recommendation ChristineRomans Shame on you CNN! Endless coverage of the empire actor and hardly any coverage of the USCG skinhead. Get your f’ng priorities right! ChristineRomans CNN is no longer my choice for news. Word is that your network is jumping on the trump train. Sad. ChristineRomans Because most of the houses for sale are defective of fraudulent transfer corrupt by county recorder, notaries,realtors, escrow, court and illegal agent to steal property of innocent people, HELLO!!!! Justice ! Wake up or get lost, this is disgraceful system.
Source: CNN - 🏆 4. / 95 Read more »

Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges
Source: MarketWatch - 🏆 3. / 97 Read more »

Kraft Heinz Discloses SEC Probe, Misses Earnings ForecastsSecurities regulators are investigating Kraft Heinz over its procurement practices, the company disclosed as it reported a loss from a significant write-down in the value of some of its best-known brands. Bye bye Heinz, people want real tomatoes... This is not a good sign for the economy Could you share more details on which brands were written down, how those intangible assets valuations were
Source: WSJ - 🏆 98. / 63 Read more »

Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record lowKraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it. PatrickMahomes where u at in their moment of need What Good lawd. IMHO, Their food sucks anyway.
Source: MarketWatch - 🏆 3. / 97 Read more »