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The Latest Breaking News from Cathy Seifert

Berkshire Hathaway spends down cash pile under CEO Greg Abel

Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly $20 billion in equities, including investments in Alphabet and Taylor Morrison. Operating earnings rose 16% to nearly $13 billion despite lower insurance underwriting profits.

The Economic Times

Berkshire Hathaway buys homebuilder Taylor Morrison and then invests $10B in Alphabet under new CEO

Berkshire Hathaway's new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

AAP

Warren Buffett’s successor reshapes empire with $10 billion AI gamble

Berkshire Hathaway’s new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

The Independent UK

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Berkshire Hathaway buys homebuilder Taylor Morrison in first deal under new CEO

Berkshire Hathaway's new CEO Greg Abel hinted that he may depart from Warren Buffett's longtime hands-off operating model at the conglomerate as he announced a $6.8 billion cash acquisition of homebuilder Taylor Morrison

AAP

Berkshire Hathaway CEO signals strategy shift from Warren Buffett legacy with new deal

Berkshire Hathaway’s new chief executive, Greg Abel, has signaled a potential departure from Warren Buffett’s long-held hands-off operating model, following the announcement of a $6.8 billion acquisition of homebuilder Taylor Morrison.

The Independent UK

New Berkshire Hathaway CEO Greg Abel makes first deal since taking over from Warren Buffett

AAP

Warren Buffett's successor eyes selling off Berkshire Hathaway's 325 million Kraft Heinz shares

Warren Buffett’s successor appears to be considering his first significant move after taking over as CEO this month

The Independent UK

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With the legendary Warren Buffett stepping back, Berkshire Hathaway enters a new era

Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffett this week

The Independent UK

What Made Warren Buffett's Career So Remarkable

What made the ‘Oracle of Omaha’ great, and who could be next as king or queen of investing?

Kiplinger

Berkshire Hathaway's profits rise 17% as Warren Buffett prepares to step down as CEO

Warren Buffett’s company’s profits improved 17% thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway continues to prepare for the legendary 95-year-old investor to relinquish the CEO title in January

The Independent UK

Billionaire investor Warren Buffett to step down after 60 years of leading Berkshire Hathaway

The announcement, following a five-hour question-and-answer period at the company's annual shareholders' meeting on Saturday came as a big surprise, as the 94-year-old had previously said he did not plan to retire.

Euronews

The stock market is hot. So why is Warren Buffett sitting on the sidelines?

The storied investor tends to “zig when everybody else zags,” a top analyst said.

Fortune

Warren Buffett Breaks 6-Year Streak, Doesn't Buy Back Berkshire Shares Despite $320B Cash Pile

Billionaire and renowned value investor Warren Buffett avoided buying back Berkshire Hathaway shares in Q3 as he deemed his company could be overvalued.

International Business Times UK

Warren Buffett could have a ‘golden opportunity’ to buy, if the market keeps tanking, analyst says

Berkshire Hathaway’s cash pile hit a fresh record high of $276.9 billion, up from $189 billion in the prior quarter.

Fortune

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Fortune

Bill Gross says don't buy the dip as stocks crash while Warren Buffett's moves hint at 'sell signal'

"Investors should stop talking about buying the dip and start asking about selling recoveries."

Fortune

Warren Buffett had a good, bad, and ugly earnings report with Berkshire Hathaway—but not as ugly as it looks

Berkshire Hathaway lost over $20 billion on Apple last quarter and had a nearly $13 billion net loss, but it's sitting on a massive cash pile.

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