American multinational conglomerate chaired by Warren Buffett
Berkshire Hathaway has increased its Alphabet stake to about 106 million shares—valued near $37.8 billion as of June 30—while expanding in Delta Air Lines and Lennar, and trimming holdings in several financial stocks. The shift comes under CEO Greg Abel, with Warren Buffett remaining involved but not dictating every move. The quarter also shows Berkshire’s cash pile declining as it deploys capital.
Berkshire Hathaway has expanded its Alphabet stake and outlines how it plans to use energy assets to support hyperscale computing, while facing renewed community resistance to data-centre projects. Abel says Berkshire will sell energy to AI customers only if it wouldn’t raise costs for other customers, and Buffett’s Alphabet investment continues to loom large as AI reshapes the portfolio.
A federal judge has rejected the Justice Departments request to force Google to sell its AdX ad exchange. Judge Leonie Brinkema has ordered behavioural changes instead, sealed her full opinion for 14 days and given the parties 30 days to propose a final judgment. Both sides are preparing next steps.
Warren Buffett has stepped down as chairman of Berkshire Hathaway and has become chairman emeritus, remaining on the board. His son, Howard Buffett, has become non-executive chairman while Greg Abel continues as chief executive. The move completes a long‑planned succession more than nine months after Buffett handed the CEO role to Abel.
Large floods persist in northern Vietnam as rain stops, with authorities evacuating hundreds and warning of continued flooding along rivers and low-lying areas. Damage includes thousands of hectares of crops, homes submerged, and multiple fatalities. Forecasters warn heavy rain will resume in southern regions in coming days.
Berkshire Hathaway has nearly doubled its stake in Lennar to about 25.4 million shares, valued at roughly $2.1 billion, as the housing market slows and mortgage rates stay high. The purchases occurred between Sept. 17 and Sept. 21, with additional buys reported later in the week. Lennar’s quarterly results were weak, and Berkshire’s move is seen as a classic value play within the portfolio, guided by Ted Weschler.
Berkshire Hathaway has increased its investment in Italian tech group Bending Spoons, lifting its stake to 4% after a $330 million private placement. The move comes after a strong IPO performance and follows previous investments that have helped drive the company’s growth and deal activity.
Patti Poppe, CEO of PG&E, has urged California politicians to avoid actions that could hurt the utility’s stock value, as the company faces scrutiny amid policy debates and a difficult market environment. Executives say the stakes are high for reliability, affordability, and investor confidence.
Tech names face renewed selling as investors reassess the AI buildout. CNBC and Insider UK report that AI-related equities have entered a regime of tighter cash flows and slower capital expenditure, with hyperscalers signaling a potential peak in compute demand. The pullback follows earlier rallies and comes amid higher yields and political headwinds.
Berkshire Hathaway has reported a third-quarter profit of $22.11 billion while operating earnings have declined about 6% to $12.71 billion. The conglomerate is accelerating stock buybacks, repurchasing $9.6 billion in the quarter, with total cash holdings around $377.4 billion. Insurance underperformance contrasts with strength in rail, energy, and manufacturing units.
Toyota reports a 34% rise in quarterly operating income, driven by strong hybrid demand and cost cuts. The company plans to invest heavily in R&D and robotics, while continuing to navigate Middle East tensions and material costs. Strong results come as China pressure persists and EV competition intensifies.