Shock and jubilation rippled through Birmingham’s International Conference Centre on Saturday night as a high-stakes race for England’s second largest mayoralty culminated in a crushing loss for the ruling Conservatives. Andy Street, incumbent West Midlands mayor and former managing director…
Berkshire Hathaway Chairman and CEO Warren Buffett on Saturday addressed losses tied to bets on Paramount Global , as well as his reasoning behind slashing the company’s Apple stake by 13% . Buffett opined that trimming the company’s stake in…
Berkshire Hathaway held its annual meeting on Saturday with Chairman and CEO Warren Buffett tackling a range of topics, including artificial intelligence, who will be responsible for the portfolio in the future, and the next potential investment. But “Woodstock for…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak was facing renewed Conservative unrest on Saturday night after his party suffered crushing defeats in a series of…
OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway’s investing decisions when the Oracle of Omaha is no longer at the helm. “I would leave the capital allocation to…
Boeing Chief Financial Officer Brian West shared what traits the next chief executive should bring as the aerospace giant looks for someone to replace outgoing CEO David Calhoun. In a note distributed to investors on Thursday, JPMorgan analysts recounted a…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Conservatives may have won the mayoral races in Tees Valley and West Midlands, but the plain truth is that…
Warren Buffett isn’t jumping on the artificial intelligence bandwagon just yet, warning about the technology’s potential for harm. “When you think about the potential for scamming people … if I was interested in investing in scamming, it’s gonna be the…
This year marks the 150th running of what is likely the most famous horse race in the world. Saddle up, race fans… it’s Derby time! The 2024 run for the roses is hoping to avoid a lot of the recent…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Berkshire Hathaway’s cash pile swelled to a record $189bn in the first quarter of 2024 as Warren Buffett’s sprawling conglomerate…