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Warren Buffett’s Berkshire Hathaway Reveals Its Secret Stock

For the past three regulatory filings, Warren Buffett’s Berkshire Hathaway has been keeping one of its stock holdings confidential. Now, the conglomerate revealed that the secret stock has been the insurance company The Chubb Corporation. In a regulatory filing made on Wednesday, Berkshire revealed that...

Berkshire Hathaway Posts $35.5 Billion Q1 Profit

Berkshire Hathaway Inc reported its first quarter earnings on Saturday, which included a $35.5 billion profit for the first three weeks of 2023. This performance gave rise to investors' sentiments that the firm is a secure long-term investment, particularly given its diverse portfolio. Since...

Berkshire Vice-Chair Warns That Banks Stuck With Commercial Property Debt

Berkshire Hathaway Inc. vice-chair Charlie Munger wanted U.S. banks to continue to be burdened by bad loans, thereby indicating that trouble could lay ahead for the commercial property market. Despite its long history of providing financial support to struggling banks, Berkshire has decided to remain on...

Warren Buffett Explains Why Berkshire Hathaway Unloaded Its TSMC Stake

Earlier this year, Warren Buffett’s Berkshire Hathaway revealed a surprising decision to unload most of its stake in Taiwan Semiconductor Manufacturing Co. (TSMC) just months after investing $4.1 billion in the chip maker. And now we know why. In a recent interview with the Japanese...

Berkshire Hathaway Buys More Occidental Petroleum Shares to Increase its Stake to 22.2%

Berkshire Hathaway resumed its strategy of purchasing Occidental Petroleum Corp shares in March, according to a recent regulatory filing. The Warren Buffett-owned conglomerate acquired additional 5.8 million shares of Occidental several days ago and now holds a 22.2% stake in the Houston-based oil and...

Berkshire’s Greg Abel Sells Its Stake in Company’s Energy Unit for $870 Million

Berkshire Hathaway's vice chairman Greg Abel sold its 1% stake in the company's energy unit. This was revealed in Berkshire's quarterly report release over the weekend. According to the company, Abel was bought out in June for a figure of $870 million. The move was...