Saturday, 5 August 2023

Berkshire Hathaway operating earnings rise on insurance strength as cash pile nears $150 billion

Everyone's Quitting China ...

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Advanced Micro Devices Inc. went against the grain this past week as shares not only outperformed AI-rivals like Nvidia Corp. on Friday, but finished the week higher when the rest of the sector sold off.


Warren Buffett's Berkshire Hathaway Inc. posted $10.04 billion in second-quarter operating profit as strength in its insurance businesses helped counter inflationary pressures that have weighed on the sprawling conglomerate in the last year.






DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.








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