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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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Companies in the Stoxx Europe 600 are on track to deliver a 22% increase in profits in the second quarter
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Warren Buffett's successor is finally spending the huge cash pile he built at Berkshire Hathaway businessinsider.comBerkshire Hathaway, Under a New CEO, Starts to Spend Its Cash Pile WSJBerkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile dallasnews.comBerkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard CNBC
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The net worth of the wealthiest Americans dramatically rebounded as Covid-19 cases rose; China companies that took care of apartment complexes appealed to investors, and U.S. ccompanies were expected to offer more warnings during earnings season.
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