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Finance & Markets

Berkshire Hathaway spends down cash pile under CEO Greg Abel

Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly $20 billion in equities, including investments in Alphabet and Taylor Morrison. Operating earnings rose 16% to nearly $13 billion despite lower insurance underwriting profits.

economictimes.indiatimes.com ·6d ago

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Investment: Berkshire Hathaway increases profit and reduces cash mountain handelsblatt.com

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