Berkshire Hathaway
Berkshire Hathaway accelerates stock buybacks, operating profit falls
Berkshire Hathaway posted a lower third-quarter operating profit as insurance underwriting results stumbled, but new CEO Greg Abel aggressively ramped up share buybacks.
Financial Select Sector SPDR ETF Lifts All 76 Holdings in Latest Buy Run
The State Street Financial Select Sector SPDR ETF boosted every single one of its 76 underlying positions, led by major blue-chip acquisitions including Berkshire Hathaway and JPMorgan Chase.
Berkshire Hathaway invests over $900 million in software consolidator Bending Spoons
Berkshire Hathaway has expanded its stake in Milan-based software consolidator Bending Spoons, pushing its total investment past $930 million.
US 10-year Treasury yield returns to 5 percent as most stocks decline
The US 10-year Treasury yield returned to the 5 percent threshold, triggering broad market declines as Warren Buffett stepped down as Berkshire Hathaway chairman.
Bank of Japan reaches 31-year high interest rate level
The Bank of Japan raised its policy interest rate to 1.25%, marking a 31-year high. Meanwhile, Warren Buffett stepped down as chairman of Berkshire Hathaway.
Warren Buffett Steps Down as Berkshire Hathaway Chairman; Howard Succeeds
Warren Buffett has stepped down as chairman of Berkshire Hathaway after a 56-year tenure, with his son Howard taking over the chairmanship as part of a planned succession.