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Warren Buffett’s Berkshire Hathaway reported a 17% rise in quarterly profit, boosted by a rebound in its insurance operations and gains from investments, even as the legendary investor prepares to hand over the reins to Vice Chair Greg Abel in January, AP reported.The company said on Saturday that it earned $30.8 billion, or $21,413 per…
Warren Buffett’s Berkshire Hathaway is nearing a deal to acquire Occidental Petroleum’s petrochemical business for about $10 billion, a person familiar with the matter said. It would be Berkshire’s largest deal since its acquisition of Alleghany in 2022 for $13.7 billion. Representatives for Occidental and Berkshire didn’t reply to messages seeking comment. Wall Street Journal…
Most of the billionaires often flaunt their luxury lifestyle by showing off their expensive cars as a status symbol, however, Warren Buffett does not believe in this show off. The billionaire loves his 11-year old car and treats it like a kitchen appliance. At 94, the legendary investor drives a 2014 Cadillac XTS—complete with hail…
