Solutions For RealSolutions For Real
  • 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

You Don’t Need A Retirement Coach—Or Do You?

June 30, 2025

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

June 30, 2025

10 Creative Ways to Save for a Big Goal (Like a Vacation!)

June 30, 2025
Facebook Twitter Instagram
Trending
  • You Don’t Need A Retirement Coach—Or Do You?
  • Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run
  • 10 Creative Ways to Save for a Big Goal (Like a Vacation!)
  • Access to 1,000+ Skill Courses Is Now Just $20
  • Try This AI-Powered Stock Picker
  • What’s Your Retirement Forecast? Heat, Hurricanes And Wildfires Ahead
  • 15 States With the Highest Bacterial Contamination in Retail Meat
  • 40 Remote Companies With 4-Day Workweek Jobs
Tuesday, July 1
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
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

Lucid shares tumble following public offering of nearly 262.5 million shares

News October 17, 2024

Harris distances herself from Biden, bashes Trump in tense Fox News interview

News October 17, 2024

Alibaba’s international arm says its new AI translation tool beats Google and ChatGPT

News October 16, 2024

I bought a $54,000 abandoned house in Japan and turned it into a luxury Airbnb—take a look inside

News October 16, 2024

Trump’s crypto coin goes on sale with Election Day just three weeks out

News October 15, 2024

Cramer’s Lightning Round: Uranium Energy is ‘the real deal’

News October 15, 2024
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

June 30, 20250 Views

10 Creative Ways to Save for a Big Goal (Like a Vacation!)

June 30, 20250 Views

Access to 1,000+ Skill Courses Is Now Just $20

June 30, 20250 Views

Try This AI-Powered Stock Picker

June 30, 20250 Views
Don't Miss

What’s Your Retirement Forecast? Heat, Hurricanes And Wildfires Ahead

By News RoomJune 29, 2025

June 22 marked one of the first days of summer, but in the Northeast, it…

15 States With the Highest Bacterial Contamination in Retail Meat

June 29, 2025

40 Remote Companies With 4-Day Workweek Jobs

June 29, 2025

Struggling to Stick to a Routine? Here’s How AI Can Help

June 29, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

You Don’t Need A Retirement Coach—Or Do You?

June 30, 2025

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

June 30, 2025

10 Creative Ways to Save for a Big Goal (Like a Vacation!)

June 30, 2025
Most Popular

Century 21 CEO optimistic over 2025 real estate market: Here's what buyers 'don't realize'

December 16, 20241 Views

15 Best Paid Survey Sites For Kids

December 12, 20231 Views

You Don’t Need A Retirement Coach—Or Do You?

June 30, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

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