News
Berkshire shares rally to highest level since Buffett announced step‑down
Berkshire Hathaway’s Class A shares closed at $798,000, 1.4% below the all‑time high, and B shares at $532.02, also 1.4% under their peak. After a 14% drop post‑surprise, the stock rebounded, aided by $4.5 bn buybacks, investments in Alphabet and Bending Spoons, and a strong $19 bn Chevron stake benefiting from higher oil prices. Berkshire’s cash sits near $360 bn. A recent $330 m private placement in Bending Spoons gave Berkshire a 4% stake, pushing the tech stock up 41% to $53.46. Overall, Berkshire’s portfolio gains include a $2.4 bn rise in its holdings, making it the third‑largest position in the conglomerate.