US Earns Berkshire Hathaway
FILE - Sean DeFendi of Virginia Beach, left, watches over the GEICO Gecko as he uses the Flight Safety International flight simulator in CHI Health Center Omaha for the Berkshire Hathaway annual meeting Saturday, May 3, 2025, in Omaha, Neb.
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Berkshire Hathaway repurchased $9.6 billion worth of its own stock in the third quarter, but Geico disappointed and its overall profit fell more than 28% as the value of its investments changed. But the buybacks likely came to a halt recently as Berkshire's Class A shares surged past $878,000 and finally topped where it was before Warren Buffett announced his plans to retire in May 2025. Berkshire's massive cash pile also returned to growing and topped $377 billion. Buffett gave up the Chairman title in September after handing over the CEO job to Greg Abel at the start of the year.
