CNBC·4 min read·hard
Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard - CNBC
Y
Yun Li
✦AI Summary
Berkshire Hathaway reported a 16% increase in operating earnings for the second quarter, with CEO Greg Abel beginning to deploy the company's massive cash reserves. The firm shifted from being a net seller of stocks to a net buyer during the period.
Berkshire Hathaway 's operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.
businesseconomy
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