{
  "id": 314442,
  "title": "Investment: Berkshire Hathaway increases profit and reduces cash mountain",
  "url": "https://urgent.news/2026/08/08/kapitalanlage-berkshire-hathaway-steigert-gewinn-und-baut-geldberg-ab",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-08T14:06:27.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/maerkte/anleihen/kapitalanlage-berkshire-hathaway-steigert-gewinn-und-baut-geldberg-ab/100245170.html"
  },
  "original_language": "de",
  "account": "Berkshire Hathaway, the investment firm led by Greg Abel, has reported a rise in operating profits for the second quarter, increasing 16% to $12.98 billion, the company announced on Saturday. At the same time, the firm is reducing its substantial cash reserves. In the second quarter, Berkshire Hathaway bought back its own shares worth $4.5 billion, with an additional $3.3 billion in July. Moreover, the company bought more shares than it sold for the first time in 14 quarters, increasing its stake in Alphabet's parent company Google by $10 billion. The cash balance fell from a record high of $380.2 billion in the previous quarter to $364.7 billion. For Abel, it was his second quarter in charge of the company, succeeding Warren Buffett who remains a member of the board of directors. Investors were keen to see if Abel would take a different approach to capital management compared to Buffett, who had struggled in recent years to deploy cash profitably as he approached the end of his 60-year tenure. The pace of share repurchases is now comparable to the peak under Buffett at the start of the decade.",
  "summary": "The US investment company increases its operating profit by 16 percent. At the same time, the cash reserve declines, while the stake in Alphabet grows.",
  "key_points": [
    "Berkshire Hathaway's operating profits rose 16% to $12.98 billion in Q2",
    "Firm reduced cash reserves by $16.5 billion in Q2",
    "Bought back $4.5 billion of shares, $3.3 billion in July"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Berkshire Hathaway spends down cash pile under CEO Greg Abel",
        "url": "https://urgent.news/2026/08/09/berkshire-hathaway-spends-down-cash-pile-under-ceo-greg-abel",
        "published": "2026-08-09T05:54:10.000Z"
      }
    ]
  },
  "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."
}