Buffett's Berkshire sees profit fall amid wildfire losses, draws thousands to Omaha meeting
Saturday, 3 May 2025 () Berkshire Hathaway reported a significant profit drop due to investment declines and insurance losses, notably from Geico, impacting Q1 earnings. Despite this, operating earnings also fell short of expectations, down 14%. Investors eagerly await Warren Buffett's insights, particularly regarding the company's record $347.7 billion cash reserve, signaling limited investment opportunities.
Warren Buffett has announced he’ll step down as CEO of Berkshire Hathaway by the end of 2025, naming Greg Abel as his successor. Abel, a 30-year veteran of the firm, will inherit control of Berkshire’s $348 billion cash reserves and $1.16 trillion empire. The news broke during the annual...
Billionaire investor Warren Buffett to step down after 60 years of leading Berkshire Hathaway
The announcement after a five-hour question-and-answer period at the company's annual shareholders'..
Credit: euronews (in English) Duration: 01:06Published
Saturday, 3 May 2025 ()
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