Berkshire Hathaway sharply increased its Alphabet stake during its biggest quarter for stock buying in years. Greg Abel, who took over from Warren Buffett as CEO at the turn of the year, oversaw an 83% increase in Berkshire’s Alphabet holdings to about 106 million shares, worth nearly $38 billion at the end of June. Berkshire
Berkshire Hathaway’s exceptionally deep pockets are getting shallower under its new CEO, Greg Abel. In its latest earnings report on Saturday, the company said it ended June with $365.5 billion in cash and Treasury bills, a noticeable dip from the $397.4 billion recorded at the end of March. The company’s net income, meanwhile, reached $25.6
Warren Buffett’s successor, Greg Abel, just completed his first acquisition as CEO of Berkshire Hathaway. It’s the latest sign that he’s ready and willing to build on what Buffett built. In a press release on Friday, Berkshire said it had officially acquired Taylor Morrison for $8.5 billion in cash, a deal it first announced in
Warren Buffett says he made a mistake with Alphabet. The Oracle of Omaha said he called on Berkshire Hathaway to invest billions in Alphabet. The conglomerate owns shares worth about $31 billion. Buffett’s only regret? That Berkshire did not invest in Google’s parent company before, he said in an interview with CNBC this week. “I
Warren Buffett shed light on his relationship with Bill Gates and his decision to end his annual donations to the Gates Foundation, in a rare interview with CNBC’s Becky Quick on Wednesday. The famed investor and Berkshire Hathaway chairman said he had “read a lot” about Gates’ ties to Jeffrey Epstein, and while it was
