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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August 9, 2026 at 5:44 AM
Berkshire Hathaway’s Rare Spending Spree Turns Heads on Wall Street
Inc.