Warren Buffett won’t walk away from Berkshire Hathaway entirely
When Greg Abel becomes Berkshire Hathaway’s new CEO next year he will of course take on additional responsibilities, but with Warren Buffett remaining as chairman, the surprise change announced at the annual meeting over the weekend is in some ways just another milestone in the company’s succession plans.
Shareholders have been worrying about how to replace the world’s greatest investor for decades — even before the 94-year-old hit a typical retirement age.
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Read MoreWarren Buffett’s best and worst investments in his 60 years leading Berkshire Hathaway
By JOSH FUNK
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire.
Read MoreWall Street Week Ahead
Stay ahead with insights on Fed decisions, key earnings reports, and market trends, including analysis of tariffs and shipping rates.
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Read MoreFederal Reserve official sees signs of slowing economy but not ready to cut rates
WASHINGTON — A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate.
Tom Barkin,
Read MoreThe Burst
Got $3,000? 1 Top Stock That Keeps Growing
Several significant headwinds are affecting Align Technology (ALGN), none of which the global medical device company has control over. As a result, the company’s stock has been punished this past year, plummeting over 68% — but it won’t be cheap forever.
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Read MoreThe Ivy
Market Commentary: Champion Trader Gets 941.1% Says SELL
Oliver Kell is a US Champion Trader who returned an audited 941.1% a few years ago in competition, blowing away all others in the field.
A return so astronomical cannot be done with luck. While any given trade can produce such a return through luck – for example, buying options prior to earnings and getting the direction right –
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