Warren Buffett

The Latest

  • Warren Buffett to Step Down as Berkshire CEO After 60 Years; Greg Abel Named Successor
    SPARK'S GONE.
    Warren Buffett, 94, announced on Saturday that he will step down as CEO of Berkshire Hathaway at the end of 2025, officially passing the reins to Vice Chairman Greg Abel. The long-anticipated transition was confirmed during the company's annual shareholder meeting in Omaha, Nebraska, where Buffett received a standing ovation from the thousands gathered at the CHI Health Center.
  • Buffett’s Berkshire Hathaway Sells $982 Million in Bank of America Shares, Reducing Stake Significantly
    Warren Buffett
    Warren Buffett's Berkshire Hathaway Inc. has executed a substantial sell-off of Bank of America (BofA) stock, with recent transactions totaling approximately $982 million. The sales, which occurred between August 23 and August 27, reflect a broader strategy of divesting from the banking sector. The moves, disclosed in a regulatory filing on Tuesday, are part of a larger trend of reducing Berkshire Hathaway's stake in the second-largest bank in the U.S.
  • Warren Buffett Increases Stake in Occidental Petroleum to Nearly 29%
    ORACLE OF OMAHA
    Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum, purchasing shares for nine consecutive trading sessions. This move has pushed the conglomerate's holding in the Houston-based oil and gas producer to nearly 29%, according to recent regulatory filings.
  • Berkshire Hathaway's Earnings Soar with Insurance Gains and Record Cash Reserves
    ORACLE OF OMAHA
    Warren Buffett's Berkshire Hathaway has once again demonstrated its financial prowess, posting a significant rise in its operating earnings for the fourth quarter and achieving a record cash reserve.
  • Unveiling Buffett's Successor: What Makes Greg Abel the Right Choice?
    ORACLE OF OMAHA
    The recent passing of Warren Buffett's golden partner, Charlie Munger, has refocused attention on Berkshire. In fact, the 93-year-old Buffett had already confirmed at the 2021 Berkshire annual shareholder meeting that Greg Abel would succeed him as the CEO of Berkshire Hathaway.
  • Buffett's Berkshire Hathaway Exits Paytm with a 30% Loss
    ORACLE OF OMAHA
    Reports indicate that Buffett's company faced a loss of 6 billion rupees (approximately $72 million), marking a 30% investment loss.
  • Berkshire Hathaway's Earnings Surge Amid Record Cash Reserves
    Warren Buffett
    Warren Buffett's financial powerhouse, Berkshire Hathaway, has delivered a robust performance with a significant uptick in operating earnings, rising by 40% in the third quarter, despite facing an immense investment loss mainly due to a downturn in its substantial Apple holdings.
  • Bidder To Pay $19 Million For Lunch Date With Warren Buffett
    Berkshire Hathaway
    The winning bidder and up to seven other guests will be eating lunch with Buffett at a private lunch at the Smith & Wollensky Steakhouse in New York City.
  • Warren Buffett Places $2.6 Billion In Paramount Global
    Berkshire Hathaway
    Buffett's Berkshire Hathaway bought around 69 million shares of Paramount Global worth $2.6 billion.
  • Warren Buffet Increases Stake In Occidental Petroleum By Nearly $1 Billion
    Berkshire Hathaway
    Berkshire Hathaway purchased 18.1 million Occidental Petroleum shares for around $985 million.
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