Berkshire Hathaway's stock droped Friday as Warren Buffett officially stepped down after 60 years as CEO, with Greg Abel taking over the $1 trillion conglomerate.
Warren Buffett is now retired, but the new boss of Berkshire Hathaway, Greg Abel, just got a bullish technical endorsement from Wall Street in the form of a “golden cross” chart pattern.
Berkshire Hathaway's , post-Buffett era began quietly Friday, as shares slipped slightly after the "Oracle of Omaha" handed Greg Abel the top job following six decades at the helm.
Berkshire Hathaway shares ticked lower to start 2026 and a new era of leadership under Warren Buffett's successor Greg Abel. The conglomerate ended 2025 with a gain of 10.9%, notching its 10th straight year of positive returns.
In his final interview as chief executive, Warren Buffett expressed profound confidence in Berkshire Hathaway's future longevity, telling CNBC that the company “has a better chance of being here 100 years from now than any company I can think of.
The great Warren Buffett, a man known as the Oracle of Omaha, has finally retired after a legendary 60-year career that helped power Berkshire Hathaway (NYSE:BRK-B) to annualized gains that have nearly doubled that of the S&P 500 (close to 20% vs.
OMAHA, Neb.--(BUSINESS WIRE)--Berkshire Hathaway today announced it has completed the acquisition of OxyChem from Occidental for $9.7 billion, subject to customary post-closing purchase price adjustments. OxyChem is a leading producer of essential chemistry with operations in the U.S., Canada and Latin America. Headquartered in Dallas, Texas, OxyChem is a top three U.S. manufacturer of polyviny...
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