Berkshire Hathaway’s Rare Spending Spree Turns Heads on Wall Street

Berkshire Hathaway’s Rare Spending Spree Turns Heads on Wall Street

💼 Finance & Business
Summary

A strong earnings report reveals that new CEO Greg Abel dipped into Warren Buffett’s $380 billion cash reserve to buy back stock, boost Berkshire’s stake in Alphabet, and pursue one of its biggest acquisitions in years. One weak spot: GEICO.

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