Geico

President and CEO of Berkshire Hathaway Greg Abel attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2026. (PHOTO: REUTERS/Brendan McDermid)
Aug 10, 2026

Berkshire Hathaway accelerates buybacks and cuts cash holdings as profit beats forecasts

Berkshire Hathaway repurchased $4.5 billion in stock and invested billions more, reporting a 16% rise in operating profit and doubling net income.


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