Tag: Berkshire Hathaway

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 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...

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 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 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...

Warren Buffett's Berkshire Hathaway continues to be bullish on Occidental Petroleum. The conglomerate recently bought another 794,389 Occidental shares, bringing its stake in the Texas oil company to 16.4 percent. This new purchase, worth around $44 million, comes after Berkshire acquired 9.5 million shares in...