Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCOMAHA, Neb. — Berkshire Hathaway CEO Warren Buffett shocked shareholders during the conglomerate’s annual gathering on Saturday by announcing his intention to step down. For hours before that, the billionaire touched on a wide range of topics across the business and political spheres.Here’s some of the biggest takeaways from Buffett’s 4.5-hour question-and-answer session:1. His plans to step downBuffett’s announcement to leave the chief executive role will come to define the meeting. Buffett proposed to be succeeded by Greg Abel, vice chairman of non-insurance operations,…
Author: usaeverydaylife
O Besos walks on the track during training for the Kentucky Derby at Churchill Downs in Louisville, Kentucky.Andy Lyons | Getty ImagesLOUISVILLE, Ky. — The first sign that the 151st running of the Kentucky Derby would be a wet one actually came on Friday.The day before the race, a severe thunderstorm rolled into Louisville, soaking fans or sending them for cover during the Kentucky Oaks. Heavy winds blew over temporary rent-a-fences onto surrounding roads, bringing traffic to a halt around Churchill Downs.”The police stopped the bus!” one elderly woman trying to leave the racetrack Friday said on the phone in…
President Volodymyr Zelensky on Saturday said Ukraine will not adhere to a three-day cease-fire proposed by Russia, saying such a short truce would not help in negotiations for a lasting peace.Ukraine in March accepted a proposal from the Trump administration for a 30-day cease-fire, to be followed by talks on matters including the location of an armistice line, steps to safeguard a nuclear power plant occupied by the Russian army and deployment of a possible European peacekeeping force.On Saturday Mr. Zelensky told reporters in Kyiv that the Russian counteroffer of a three-day cease-fire covering the anniversary of the end of…
Ethan Bianco, 17, waited right up until the May 1 deadline before deciding which college he would attend in the fall.The senior at Kinder High School for the Performing and Visual Arts in Houston was accepted to several schools, and had whittled down his choices to Vanderbilt University and University of Texas at Austin. Ultimately, the cost was a significant factor in his final decision.”UT is a much better award package,” he said. In-state tuition for the current academic year is $10,858 to $13,576 a year, which would be largely covered by Bianco’s financial aid offer.More from Personal Finance:Is college still…
Warren Buffett’s annual Q&A topics range from global trade to successionBuffett warns of tariff uncertainty as Berkshire operating earnings dropSee the Buffett Squishmallows and the giant claw machineFlashback to 2021, when Greg Abel became the expected successor Source link
OMAHA, Nebraska — Warren Buffett said he will ask the board of Berkshire Hathaway to replace him as CEO with his already designated successor, Greg Abel, at year end.Buffett noted that he would still ‘hang around’ to help, but the final word would be with Abel. Buffett, 94, is currently CEO and chairman of the conglomerate.The investing legend said at the annual meeting celebrating 60 years of him at the helm of Berkshire that he wouldn’t sell a single share.”I would add this, the decision to keep every share is an economic decision because i think the prospects of Berkshire…
There are certain lifestyle choices that can lower your risk of developing dementia, stroke and depression later in life, according to a recent study published in the Journal of Neurology, Neurosurgery & Psychiatry.”At least 60% of stroke, 40% of dementia and 35% of late-life depression are attributable to modifiable risk factors,” the study found.It turns out that people who’ve had a stroke before tend to develop depression or dementia, and the same is true in the reverse, Dr. Sanjula Singh, the lead author of the study, told The New York Times. Singh is also a principal investigator at the Brain…
Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen as the initial, alarming sign of looming turmoil.A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic troubles, and sometimes political unrest, as governments slash spending.Analysts who had already been predicting lower oil prices because of softening demand amid increased global production said the possibility of a tariff trade war and the overall climate of uncertainty could well deepen producers’ woes.“The steep price…
Credit and debit card issuer Capital One sees a path to make its blockbuster acquisition of Discover Financial even sweeter than investors currently expect it to be. It requires going abroad. At the heart of Capital One’s announced $35 billion all-stock deal for Discover, set to close next month, is Discover’s payment network – a rare asset in the U.S., with Visa , Mastercard and American Express as its primary rivals. By owning Discover, Capital One will become both a credit card issuer and a payment network operator, a lucrative setup that only American Express enjoys in the card business.…
While Erika Roberts was a high school student growing up in the suburbs of Philadelphia, she participated in a two-week exchange program that took her to Munich, Germany. She didn’t know it at the time, but that experience would shape the rest of her life.Fast forward to 2016, when Roberts was a freshman in college, studying biochemistry with a pre-med focus in Massachusetts. Even as she worked towards earning her Bachelor’s degree and attending medical school, she was feeling unfulfilled.”I was a young adult who wanted to experience the world and all that came with it,” she tells CNBC Make…
