Berkshire Hathaway rises as investors cheer strong earnings and Buffett's near-record cash stockpile

Insurance underwriting earnings recorded a 74% increase to $1.25 billion, benefitting from higher interest rates and lower catastrophe losses. The solid performance in insurance helped offset the softness in railroad due to lower volumes.

Elevated interest rates are now enabling Berkshire to earn a hefty return from its cash. The conglomerate held more than $97 billion in short term Treasury bills.that he's been buying $10 billion worth of 3-month or 6-month T-bills every Monday. Berkshire also reported a near $26 billion unrealized gain from its investments, and much of this gain came from its gigantic stake in. The tech giant fueled the market rally in the second quarter, climbing nearly 18%. Berkshire's Apple bet has ballooned to $177.6 billion.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Warren Buffett's Berkshire Hathaway swings to Q2 profit, operating earnings up 6%Berkshire Hathaway swung to a profit in the second quarter, owed to its investment portfolio and insurance holdings, according to a release out Saturday.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Berkshire Hathaway swings to a profit, boosted by massive investment gains | CNN BusinessBerkshire Hathaway on Saturday reported a jump in earnings in the second quarter of 2023, recovering from large investment losses a year ago, when the bear market flummoxed even the most successful investors like Berkshire Chairman Warren Buffett.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »

Warren Buffett struggles to find bargains in Q2: Berkshire earningsWarren Buffett is struggling to find bargains, Berkshire Hathaway's 2nd-quarter earnings show
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »