Greg Abel

Warren Buffett has stepped down as chairman of Berkshire Hathaway at age 96, handing the role to his son Howard Buffett following Greg Abel's transition to CEO.

Warren Buffett, 96, is stepping down immediately as chairman of Berkshire Hathaway after leading the trillion-dollar conglomerate since 1965. His son Howard Buffett will succeed him.

Warren Buffett celebrates his 96th birthday while remaining Chairman of Berkshire Hathaway after passing the CEO role to Greg Abel. We analyzed the company's performance over the past year, portfolio changes, and the legendary investor's ongoing role in key decision-making.

Warren Buffett, celebrating his birthday today, remains involved in investment decisions despite stepping down as CEO of Berkshire Hathaway earlier this year. Here is what has changed and how the market is responding.

Berkshire Hathaway sharply increased its holdings in Alphabet during the last quarter. Greg Abel, who replaced Warren Buffett as CEO at the beginning of the year, increased Berkshire's holdings in Alphabet by 83%.

Since taking the helm at Berkshire Hathaway, Greg Abel has moved quickly to trim the company's consumer stock holdings, including Amazon and Domino's Pizza. However, Coca-Cola remains a core fixture of the portfolio, largely due to its exceptional dividend yield.

Famous investor Michael Burry says that Berkshire Hathaway is no longer an attractive investment in his eyes, following Warren Buffett's retirement as CEO and the transition of leadership to Greg Abel.

Berkshire Hathaway's massive cash pile is starting to shrink, and Wall Street sees this as the first sign of change in the post-Warren Buffett era. The company ended the second quarter with $364.7 billion in cash and short-term government bonds, a 4% decrease compared to the previous quarter — the first decline in its cash reserves quarter-over-quarter in four years. The reason is not weakness in...

Berkshire Hathaway reported a sharp jump in second-quarter results, supported by rising share prices in its massive stock portfolio. The company's cash pile grew to $359.2 billion, while net profit attributable to shareholders more than doubled to $25.67 billion.