Berkshire Hathaway Inc. said Friday that all reports circulating on social media sites including X, TikTok and Facebook “regarding comments allegedly made” by Warren Buffett are false. While Berkshire didn’t describe the nature of the posts, the firm’s statement came …
Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire’s results released on …
Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance operations topping any prior first quarter in the last decade. Across …
Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at least in California, according to the head of the state’s largest electricity provider. “Frankly, I think Buffett got it wrong in …
BNSF Railway attorneys told a Montana jury that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program. …
Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime second-in-command Charlie Munger. In his widely-read annual letter to …
Warren Buffett’s Berkshire Hathaway released a brief statement late Tuesday announcing the death of Vice Chair Charlie Munger but the CEO paid tribute to his long-time partner months ago in the company’s most recent annual report. Under the heading, “Nothing …
Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns – particularly the insurers – generally performed well. Berkshire Hathaway said Saturday that …
Warren Buffett’s buying of Japanese trading firms helped propel the nation’s stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets. Insurers have low price-to-book ratios, strong fundamentals and relatively high returns, …
Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of potential storms left this season. Warren Buffett’s …
