• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Nvidia Hits Market Cap Milestone Before Apple, Microsoft

July 9, 2025

Trump admin resuming interest charges for nearly 8M student loan borrowers after Biden’s limbo

July 9, 2025

Big Beautiful Bill Estate Planning Ideas

July 9, 2025
Facebook Twitter Instagram
Trending
  • Nvidia Hits Market Cap Milestone Before Apple, Microsoft
  • Trump admin resuming interest charges for nearly 8M student loan borrowers after Biden’s limbo
  • Big Beautiful Bill Estate Planning Ideas
  • 6 Steps to Creating a Home Inventory — Before It’s Too Late
  • Starbucks Wants to Remove Seed Oils From Egg Bites
  • Barbara Corcoran Retains Staff With Wild Perks, No Turnover
  • How to Turn Summer Travel into More Business and Less Taxes
  • Proposed Law Would Mandate Automatic Enrollment Into Medicare Advantage
Wednesday, July 9
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Berkshire Hathaway rises as investors cheer strong earnings and Buffett’s near-record cash stockpile
News

Berkshire Hathaway rises as investors cheer strong earnings and Buffett’s near-record cash stockpile

News RoomBy News RoomAugust 7, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Berkshire Hathaway shares climbed on Monday following a strong quarterly report that showed a rebound in insurance operations as well as a massive cash hoard that swelled to nearly $150 billion.

Class B shares of Warren Buffett’s conglomerate rose 1.6% in premarket trading, on track to trade near an all-time closing high. The Omaha-based giant reported on Saturday that its operating earnings jumped 6.6% year over year, totaling $10.04 billion last quarter.

Insurance underwriting earnings recorded a 74% increase to $1.25 billion, benefitting from higher interest rates and lower catastrophe losses. The solid performance in insurance helped offset the softness in railroad due to lower volumes.

Meanwhile, Berkshire’s massive cash pile grew to $147.38 billion at the end of June, near a record and much higher than the $130.62 billion in the first quarter.

Elevated interest rates are now enabling Berkshire to earn a hefty return from its cash. The conglomerate held more than $97 billion in short term Treasury bills. Buffett previously revealed 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 Apple. The tech giant fueled the market rally in the second quarter, climbing nearly 18%. Berkshire’s Apple bet has ballooned to $177.6 billion.

Berkshire’s Class A shares hit a new record close of $541,000 on Thursday, exceeding the conglomerate’s previous high of $539,180 reached on March 22, 2022. The stock has gained 13.8% this year.

“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.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

RSS Feed Generator, Create RSS feeds from URL

News November 22, 2024

X CEO Linda Yaccarino addresses Musk’s ‘go f—- yourself’ comment to advertisers

News November 30, 2023

67-year-old who left the U.S. for Mexico: I’m happily retired—but I ‘really regret’ doing these 3 things in my 20s

News November 30, 2023

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

News November 29, 2023

Americans are ‘doom spending’ — here’s why that’s a problem

News November 29, 2023

Jim Cramer’s top 10 things to watch in the stock market Tuesday

News November 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Trump admin resuming interest charges for nearly 8M student loan borrowers after Biden’s limbo

July 9, 20250 Views

Big Beautiful Bill Estate Planning Ideas

July 9, 20250 Views

6 Steps to Creating a Home Inventory — Before It’s Too Late

July 9, 20250 Views

Starbucks Wants to Remove Seed Oils From Egg Bites

July 8, 20250 Views
Don't Miss

Barbara Corcoran Retains Staff With Wild Perks, No Turnover

By News RoomJuly 8, 2025

Barbara Corcoran, the 76-year-old founder of the real estate firm The Corcoran Group, claims to…

How to Turn Summer Travel into More Business and Less Taxes

July 8, 2025

Proposed Law Would Mandate Automatic Enrollment Into Medicare Advantage

July 8, 2025

New Tariff Threats Tank Stocks: Find Out How to Protect Your Portfolio

July 8, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.