Berkshire

94-year-old Buffett, arguably the world's most famous investor, also acknowledged his advanced age in letter, telling shareholders he now uses a cane and will spend less time fielding their questions

Berkshire also reported a 6 per cent decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene

Profits rebounded at Warren Buffett's conglomerate along with the value of its USD 353 billion stock portfolio in the second quarter to hit USD 35.9 billion, and Berkshire Hathaway's assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire Hathaway said on Saturday that its profits surged to hit USD 24,755 per Class A share. A year ago, the Omaha, Nebraska-based company recorded a loss of USD 43.6 billion, or USD 29,633 per Class A share, when the value of its biggest investments fell. But Buffett has long said that those bottom-line figures can be misleading because of the big swings in the paper value of its investments from quarter to quarter when few of Berkshire's investments are actually bought or sold. Instead, Buffett recommends that investors focus on operating earnings to see how the more than 90 companies Berkshire owns are actually performing. By that measure, Berkshire's operating earnings grew 6.6 p

The conglomerate was a net seller of equities in the quarter, pocketing $10.4 billion from stock sales after deducting purchases

Warren Buffett's Berkshire Hathaway is buying the insurance company Alleghany in a deal valued at approximately USD11.6 billion.

Fixed-income investors worldwide - whether pension funds, insurance companies or retirees - face a bleak future, says Berkshire Hathaway CEO

No mention of Bitcoin, Robinhood or WallStreetBets in Buffett's latest annual letter but plenty of homespun value-investing wisdom

Berkshire also repurchased a record $9.3 billion of its underperforming stock in the third quarter

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2% to reach its highest since June 2018, extending a 2.8% rise last week

Deal will let Berkshire Chairman Warren Buffett reduce his conglomerate's cash pile while letting Dominion focus on utilities operations.

Most readers will have heard of Mr Buffett. Mr Portnoy is a 43-year-old, mainly famous for setting up the popular American blog, Barstool Sports

The Omaha, Nebraska-based conglomerate repurchased $1.7 billion of shares as the stock dipped in the first quarter

After proper consultations, Berkshire concluded US Treasury Bills aren't cash equivalents

Berkshire appeared to have shed a $1.8 billion stake in agricultural equipment maker Deere & Co