Berkshire Hathaway Inc. (Extended hours)

Berkshire Hathaway's Class A shares (BRK.A) surged 4% to a record $747,485 after a strong fourth-quarter report showing a 71% rise in operating profits to $14.5 billion.

Berkshire Hathaway's cash reserves have surpassed $300 billion. Warren Buffett is holding off on investments, waiting for a major market drop and better buying opportunities.

Berkshire Hathaway's Geico unit achieved record underwriting profits of $7.8 billion in 2024, more than doubling 2023 profits, due to major cost cuts, including a 30% headcount reduction.