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03.05.26 - 00:54
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Berkshire Cash Hits A Record $397 Billion After Selling Most Stocks In 2 Years (ZeroHedge)
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Berkshire Cash Hits A Record $397 Billion After Selling Most Stocks In 2 Years
The head of Berkshire may be new, but nothing has changed in the business model.
In Berkshire's first quarter Greg under Abel, who succeeded Buffett in January as Berkshire's chief executive, the company on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented businesses. The Omaha, Nebraska-based conglomerate built by Warren Buffett and now led by Greg Abel also reported a record cash level, reflecting continuing difficulty finding investments that meet its value-oriented principles.The conglomerate also continued its trend of divesting its stock portfolio with the largest sales od equity securities in Q1 since mid-2024; it also unveiled the first, modest stock buyback since Q2 of 2024.
Profit from Berkshire's numerous businesses rose 18% to $11.35 billion, or about $7,891 per Class A share, from $9.64 billion a year earlier. Ne...
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02.05.26 - 16:31
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Is This a Stock Market Melt-Up? Here Are Ways to Tell (Bloomberg)
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The stock market is on a tear again, with high-flying technology stocks propelling the S&P 500 Index toward fresh records and luring swaths of momentum-chasing investors. Speculation that the worst of war in Iran is over has traders piling into artificial intelligence darlings such as Broadcom Inc. and Intel Inc. — and sent semiconductor stocks higher in 21 of the last 23 trading sessions....
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