Berkshire Hathaway 1st US non-tech co to top $1 trillion market cap

Quick Summary:

Berkshire Hathaway, headed by Warren Buffett, has reached a historic $1 trillion market value, marking it as the first non-tech US company to achieve this milestone.

The company's share price rose on the back of strong insurance outcomes and economic optimism, with a 30% gain this year, surpassing the S&P 500's 18% improvement.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaIsrael

Topics: $1T Company Berkshire Hathaway Warren Buffett Tech sector Market value

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 09:34:37 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 614 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22294341

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Official Website: timesofindia.indiatimes.com

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