Berkshire Hathaway Posts a Drop in Earnings in Buffett’s Last Year - The New York Times

kept by eddie mar 02

Gregory Abel's first earnings report as Berkshire Hathaway CEO shows lower profits, mainly from insurance declines, using straightforward commentary instead of Warren Buffett's folksy style.

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Lloyd's of London, a 300-year-old marine insurance market, remains the central hub where war insurance for ships stranded in the Persian Gulf is negotiated and sold.
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Greg Abel finally puts Buffett’s cash pile to work
Greg Abel, Warren Buffett’s successor at Berkshire Hathaway, is deploying the conglomerate’s massive cash reserves into strategic acquisitions and investments after years of conservatism.
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Berkshire Hathaway disclosed a $2.6 billion Delta Air Lines stake and increased its Alphabet position, with several stocks rising on the news.
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Tencent’s Revenue Miss Heightens Pressure for Faster AI Payoff
Tencent posted its weakest revenue growth in six quarters, rising 9% to 196.5 billion yuan, intensifying investor demands for faster returns from AI.
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The hottest stock market in the world has doubled this year. And Goldman Sachs sees another 40% gain from here. - MarketWatch
Goldman Sachs raised South Korea's Kospi index target to 12,000, forecasting another 40% gain driven by the semiconductor cycle that it says markets still underestimate.
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