It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.

It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.

Text size Berkshire Hathaway CEO Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway has never been in better shape. Its stock looks appealing after pulling back more than 15% from its record high in March. The conglomerate’s operating profits were up 22% in the second quarter, excluding foreign-exchange gains, powered by a 56% gain in investment … Read more

Art Industry News: Jim Carrey Has Teamed Up With His Daughter on a ‘Goon’-y New $50,000 NFT + Other Stories

Art Industry News: Jim Carrey Has Teamed Up With His Daughter on a ‘Goon’-y New ,000 NFT + Other Stories

Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Tuesday, August 9. NEED-TO-READ Canadian Politicians Mull a Change to Copyright Laws – Canada’s innovation minister, François-Philippe Champagne, is working with heritage minister Pablo Rodriguez to … Read more

Berkshire Now Holds 20% of Occidental Petroleum

Berkshire Now Holds 20% of Occidental Petroleum

Text size Berkshire CEO Warren Buffett has steadily accumulated Occidental stock this year. AFP via Getty Images Berkshire Hathaway now owns just over 20% of Occidental Petroleum after about $400 million in fresh purchases of the energy company in recent days, according to a filing late Monday. With a 20.2% stake, Berkshire Hathaway (ticker: BRK/A, … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Berkshire CEO-designate Abel sells stake in energy company he led for 0 million

Greg Abel at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million. … Read more

Berkshire Hathaway Beats Estimates for Second-Quarter Profits

Berkshire Hathaway Beats Estimates for Second-Quarter Profits

Text size Berkshire Hathaway CEO Warren Buffett added slightly to stakes in Apple and Chevron. Andrew Harrer/Bloomberg Berkshire Hathaway ’s operating profits rose 39% in the second quarter, topping estimates, on strength in the company’s insurance and railroad businesses as well as sharply higher investment income. The company continued to moderate its pace of share … Read more