The Globe and Mail reports in its Tuesday edition that Berkshire Hathaway shares rose on Monday to their highest level since Warren Buffett announced his departure as chief executive officer in May, 2025, after his successor Greg Abel began spending the conglomerate's huge cash pile and financial results topped analysts' expectations. A Reuters dispatch to The Globe says cash fell to $364.7-billion on June 30 from a record $380.2-billion three months earlier, Berkshire said in its quarterly report on Saturday (all figures U.S.). Berkshire repurchased $4.5-billion of its own stock and bought $23.5-billion of other stocks during the second quarter, including a $10-billion investment in Google and Alphabet. The Omaha, Neb., conglomerate spent at least $10.1-billion more cash in July on stock buybacks and the acquisition of home builder Taylor Morrison. Second-quarter operating profit rose 16 per cent to $12.98-billion, as gains from railway, service and some insurance businesses offset rising accident claims and ad spending at Geico. Net income more than doubled to $25.67 billion, including paper gains on investments such as Alphabet and Apple. Revenue grew 10 per cent, following over two years of largely stagnant growth.