Topic
Warren Buffett
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.
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.