Berkshire Reports; TSMC Rises: Verisk Slides | Stock Movers
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Berkshire Hathaway (BRK) share are up after earnings this weekend. Berkshire Hathaway spent about $4.5 billion to buy back its own shares in the second quarter and purchased nearly $20 billion of equities in the period, signs that Chief Executive Officer Greg Abel is putting more of the firm’s cash pile to work. Operating earnings climbed 16% in the three months through June to nearly $13 billion, driven in part by gains in the conglomerate’s manufacturing, service and retailing division, as well as at its utilities business. - TSMC (TSM) shares are higher after it reported a 45% rise in its monthly sales, a sign of sustained demand for AI hardware in the face of market volatility. - Verisk (VRSK) shares are lower after a Delaware Chancery Court judge ruled that Verisk Analytics Inc. must consummate a $2.35 billion merger with AccuLynx.com, rejecting Verisk's efforts to spike the deal over anti
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