Berkshire ekes out some new highs, but October rally stalls
Berkshire Hathaway shares managed to set a few more all-time highs in an otherwise lackluster week of trading.
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Berkshire Hathaway shares managed to set a few more all-time highs in an otherwise lackluster week of trading.
After almost 18 months, Berkshire Hathaway shares have entirely erased all the ground they lost in the wake of Warren Buffett's surprise announcement at the 2025 shareholders meeting that he would step down as CEO.
Berkshire Hathaway shares are at their highest level since Warren Buffett told shareholders at the May 2025 annual meeting he planned to step down as CEO at the end of that year.
Less than four months into life as a public company, Bending Spoons got a big vote of confidence this week from Berkshire Hathaway.
Berkshire's latest investment follows the $600 million it invested in the company's IPO this July.
Berkshire Hathaway added to its bet on Lennar this week, raising its stake in the homebuilder to 11.2%, although the pace of its buying appears to be slowing.
Customers in Berkshire and Hampshire are leaving it late to refill their tanks, an oil firm says.
Berkshire Hathaway has increased its bet on a long-term recovery for the struggling U.S. housing market by nearly doubling its stake in Lennar, the nation's second largest homebuilder, since the beginning of July.
The conglomerate built by Warren Buffett and led today by Greg Abel holds a sizable stake in Miami-based homebuilder Lennar.
Warren Buffett steps down as Berkshire Hathaway's chairman, passing the job to his son, Howard.
Buffett will become chairman emeritus immediately and his son Howard will become chairman.
Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.
Buffett's son, Howard, will succeed him in the role. Buffett had earlier stepped down as Berkshire's CEO last year.
Buffett's son Howard will replace him as chairman, as dictated by a long-standing succession plan, Berkshire said.