Business

Warren Buffett's Berkshire Hathaway plowed a net $3.8 billion into stocks last quarter - and slashed its spending on buybacks to $1 billion

11 days ago   |   By Business Insider

Warren Buffett. Drew Angerer/Getty Images
Warren Buffett's Berkshire Hathaway reported second-quarter earnings on Saturday.
The investor's company was less active in the stock market and slowed its share buybacks.
Berkshire posted double-digit increases in revenues and operating income.
Warren Buffett's Berkshire Hathaway reported second-quarter earnings on Saturday that showed a strong performance from its operating businesses, but revealed the company slowed its rate of share repurchases and was far less active in the stock market than in the preceding three months. The famed investor's...
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Stock buybacks have hit record levels this year but they're about to get hit by taxes. These 10 companies have been the biggest buyers of their own shares in 2022

11 days ago   |   By Business Insider

The Democrats plan to introduce a 1% excise tax on stock buybacks as part of President Biden's latest bill. Kevin Dietsch/Getty Images
The Democrats plan to introduce a 1% tax on stock buybacks as part of Joe Biden's climate and tax bill.
S&P 500 companies spent over $280 billion buying back their own shares in the most recent quarter.
Stock buybacks tend to be bullish for investor sentiment because they show a company has faith in itself.
The Democrats are set to introduce a 1% tax on stock buybacks as part of President Joe Biden's Inflation Reduction Act. The tax - which has been...
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