Berkshire Hathaway profit doubles, fueled by a near $13 billion investment gain

Berkshire Hathaway booked a near $13 billion gain on investments in the latest quarter, and has put $32 billion of its cash pile to work.

Berkshire's report suggested that it had added more than $24 billion worth of commercial, industrial and other stocks to its portfolio.

Berkshire Hathaway, Under a New CEO, Starts to Spend its Cash Pile  wsj.com

Berkshire Hathaway’s new CEO Greg Abel has invested $10 billion in Google’s parent company and repurchased about $4.5 billion of its shares

Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile  AP News

Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.

Berkshire Hathaway’s chief ends more than three-year selling streak as he ploughs a net $20bn into stocks

Apple, American Express, Coca-Cola, Bank of America, and Alphabet together account for $222.3 billion of the conglomerate's holdings

CBS News business contributor Javier David breaks down why SpaceX shares fell on Wednesday after the company announced higher spending on AI in its earnings report.

The stock fell to roughly $113.27 Wednesday morning – below its $135 IPO price and its roughly $200 all-time high that was hit shortly after its record-breaking market debut in June, which raised $86 billion.