Warren Buffett’s Berkshire Hathaway tops US$1-trillion market value

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 92%

Berkshire News

Apple,Buffett,Berkshire

Investor confidence in the conglomerate continues to grow

) surpassed $1 trillion on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the American economy.

The businesses include Geico car insurance, the BNSF railroad, Berkshire Hathaway Energy, Brooks running shoes, Dairy Queen ice cream, Ginsu knives and the World Book encyclopedia, among others. Stock sales are a major reason Berkshire’s holdings of cash and equivalents soared to $276.9 billion as of June 30, mostly in U.S. Treasury bills.When Berkshire’s value hit $1 trillion, its shares had gained more than 5,600,000% since the year Buffett took over.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines