Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes

Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes Berkshire Hathaway is realigning its investment portfolio, putting more money into Google parent Alphabet and US homebuilders while cutting some of its holdings in financial companies and other stocks.The Omaha, Nebraska-based conglomerate bought roughly 48.1 million additional Alphabet shares during the second quarter, taking its total…

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Berkshire Hathaway Q2 earnings: Profit rises 16% to $12.98 billion as buybacks accelerate

American multinational conglomerate Berkshire Hathaway reported stronger-than-expected second-quarter results, with operating profit, revenue and net income rising, while its massive cash pile fell as the company stepped up stock purchases and buybacks.Operating profit rose 16 per cent year-on-year to $12.98 billion, beating analyst expectations, reported Reuters. Revenue increased 10 per cent to $101.81 billion, while…

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