Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard

AI Summary

Berkshire Hathaway's earnings rose last quarter driven by strength in its energy, railroad, and manufacturing units, offsetting weaker results in its insurance segment. CEO Greg Abel has begun deploying Warren Buffett's substantial cash reserves for new investments.

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