Warren Buffett’s Berkshire Hathaway has raised eyebrows by halting its stock buybacks for the first time in six years, despite having more than $325 billion in cash on hand. The company did not repurchase any of its own shares during the third quarter, as disclosed in recent Securities and Exchange Commission filings. This marks a…
In a groundbreaking achievement, Berkshire Hathaway has become the first U.S. company outside the technology sector to reach a market value of $1 trillion. This milestone was briefly realized on Tuesday morning when the conglomerate’s shares surged to achieve the valuation. While technology giants like Apple, Nvidia, and Microsoft dominate the $3 trillion club, Berkshire…
Warren Buffett’s Berkshire Hathaway has made notable moves in its investment portfolio for the second quarter, acquiring significant stakes in Ulta Beauty and aircraft parts manufacturer Heico, while significantly reducing its position in Apple. According to a regulatory filing released on Wednesday, Berkshire Hathaway purchased approximately 690,000 shares of Ulta Beauty, valued at $266.3 million,…
At Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska, Warren Buffett, the revered 93-year-old chairman, and CEO, compared the potential dangers of artificial intelligence (AI) to that of nuclear weapons, issuing a sobering caution about the technology’s capabilities. Buffett expressed concerns about the unforeseen repercussions of AI, drawing parallels to the unleashed power of nuclear…
Berkshire Hathaway, the multinational conglomerate led by renowned investor Warren Buffett, has reported a significant rebound in earnings during the second quarter of 2023, recovering from substantial investment losses experienced a year ago during the bear market. The company’s operating earnings for the second quarter reached $10 billion, reflecting a remarkable 6.6% gain compared to…
Warren Buffett’s conglomerate, Berkshire Hathaway, has sold its remaining shares in Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker. The announcement was made in a filing indicating that Berkshire Hathaway no longer holds a stake in TSMC as of the end of Q1. In recent weeks, Buffett had expressed concerns about the future of…
Berkshire Hathaway’s shares rose following a strong earnings report and Warren Buffett’s annual shareholder meeting, dubbed the “Woodstock for Capitalists.” The company’s A shares climbed 2% on Monday, reaching an intraday high of $502,055, and extending its year-to-date gains to over 6%. For the first quarter, the conglomerate reported a 12.6% increase in operating earnings,…
