Warren Buffett’s Berkshire Hathaway reported strong first-quarter earnings as the conglomerate kicked off its annual shareholder conference. Omaha, Nebraska-based Berkshire added $21 billion in cash and Treasuries to its pile, bringing it to a record $189 billion last quarter — a 13% increase in just three months. Berkshire’s operating profit surged 39% to $11.22 billion from a year ago, thanks to a 185% year-over-year increase in insurance underwriting earnings — from $911 million to $2.6...
Warren Buffett’s Berkshire Hathaway offloaded around 13% of its Apple holdings in Q1 2024, the conglomerate revealed this weekend. Despite selling around 115 million shares, however, Buffett reaffirmed his commitment to AAPL going forward. Meanwhile, Tim Cook, who made the trip to Omaha for Berkshire’s annual meeting on Saturday, praised Buffett for his belief in Apple. more
Warren Buffett joked that he was "glad" Berkshire Hathaway didn't sell all of its Apple stock after having to use his iPhone for work calls for a few days.
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns outright did well. A few hours before shareholders got the chance to hear from CEO
Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns outright did well. A few hours before shareholders got the chance to hear from CEO
OMAHA, Neb. (AP) — Berkshire Hathaway’s first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The company reported reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That’s roughly one-third of last […]
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Berkshire Hathaway's decision to reduce its stake in Apple, while seemingly being painted as a tax-driven decision, might have hidden nuances. Read a detailed analysis on BRK.A stock.
Eastman Chemical (NYSE:EMN – Get Free Report) CEO Mark J. Costa sold 102,390 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $100.78, for a total value of $10,318,864.20. Following the completion of the transaction, the chief executive officer now directly […]
Berkshire Hathaway has bought nearly 26 million shares of Zurich-based
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