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,…
