Buffett's Berkshire bought $51 bln stock in first quarter; operating results flat - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

South Africa News News

Buffett's Berkshire bought $51 bln stock in first quarter; operating results flat - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
South Africa South Africa Latest News,South Africa South Africa Headlines

Warren Buffett’s Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Berkshire Hathaway Chairman Warren Buffett [File image]

The disclosures suggest that Buffett has finally found large new uses to dispose of Berkshire’s cash pile, which shrank more than $40 billion to about $106 billion in the quarter. Buffett has also committed $11.6 billion to buy insurance company Alleghany Corp, and bought $4.2 billion of HP Inc stock.

Net income totaled $5.46 billion, or $3,702 per Class A share, compared with $11.71 billion, or $7,638 per Class A share, a year earlier.

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:

SABCNews /  🏆 37. in ZA
 

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-14 03:36:40