{
  "id": 18732312,
  "title": "Berkshire Hathaway buys back $9.6 billion of its own stock but its profits declined",
  "url": "https://urgent.news/2026/11/07/berkshire-hathaway-buys-back-9-6-billion-of-its-own-stock-but-its",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T14:35:25.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/11/07/berkshire-hathaway-buys-back-9-6-billion-of-its-own-stock-but-its-profits-declined"
  },
  "original_language": "en",
  "account": null,
  "summary": "Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, but its overall profit fell more than 28% as the value of its investments changed. The buybacks likely came to a halt recently as Berkshire’s Class A stock price surged past $878,000. While Berkshire’s non-insurance businesses seem to be performing better than its massive insurance unit, the underwriting profit of Geico fell significantly to $1.35 billion from last year’s $2.37 billion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Berkshire Hathaway A earnings beat by $7.00, revenue topped estimates",
        "url": "https://urgent.news/2026/11/07/berkshire-hathaway-a-earnings-beat-by-7-00-revenue-topped-estimates",
        "published": "2026-11-07T13:42:18.000Z"
      }
    ]
  },
  "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."
}