{
  "id": 1313167,
  "title": "Greg Abel Starts Spending: Berkshire’s Cash Hoard Finally Gets Put to Work",
  "url": "https://urgent.news/2026/08/16/greg-abel-starts-spending-berkshires-cash-hoard-finally-gets-put-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T12:54:59.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/greg-abel-starts-spending-berkshire-125459967.html"
  },
  "original_language": "en",
  "account": "Berkshire Hathaway's cash reserve, which had remained largely untouched for two years, is now being actively utilized by CEO Greg Abel. In the latest second-quarter earnings report, operating earnings surged 16% year-over-year to $12.98 billion, while net earnings attributable to shareholders more than doubled to $25.67 billion. Abel authorized over $4.5 billion in share buybacks during the quarter, a significant increase from $235 million in the previous quarter. For the first time in 15 quarters, Berkshire Hathaway became a net buyer of shares, acquiring approximately $23.5 billion of stock while selling $3.7 billion, resulting in around $20 billion in net purchases. The company also made a substantial all-cash purchase of homebuilder Taylor Morrison, valued at $6.8 billion. Despite this increased spending, the cash and Treasury position remained robust at $365.5 billion at the end of the quarter. This shift in strategy, from passive capital hoarding to strategic stock purchases and acquisitions, signals a new phase for Berkshire Hathaway under Abel's leadership.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}