Berkshire shares reach all-time high on strong earnings and Buffett's cash pile

that he's been buying $10 billion worth of 3-month or 6-month T-bills every Monday.

"Berkshire Hathaway's resilient earnings illustrated the value of its diversified business mix as it added to its cash hoard," said Bill Stone, chief investment officer at Glenview Trust and a Berkshire shareholder. 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.

"We continue to believe BRK's shares are an attractive play in an uncertain macro environment," Brian Meredith, a Berkshire analyst at UBS, said in a note.

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

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Berkshire Hathaway rises as investors cheer strong earnings and Buffett's near-record cash stockpileBerkshire's solid performance in insurance helped offset the softness in railroad due to lower volumes.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: CNN - 🏆 4. / 95 Read more »

Stocks making the biggest moves midday: Tesla, Berkshire Hathaway, PayPal, Cinemark and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »