Warren Buffett's Berkshire Hathaway Rallies To All-Time High After Posting Record Operating Earnings

Berkshire Hathaway stock surged Monday to the highest levels on record after Saturday’s earnings report, which saw the conglomerate run by the billionaire Warren Buffett posting an unprecedented operating profit, pushing the company's profit to $35.9 billion in the second quarter of 2023, up from a $43.6 billion loss last year.... [+]

The Omaha-based conglomerate's much more expensive Class A stock also broke the same record after rising 3.43% to close at $551,920. Income from the company’s insurance business, which rose by 74% to $1.25 billion in the three months to June 2023 on the back of fewer cases of accidents, contributed to the company’s operating profit, according to the earnings report.

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