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Wall Street logs early gains Monday on strong earnings

1 of 5 A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at a banks foreign exchange dealing room in Seoul, South Korea, Monday, May 3, 2021. Shares were mostly lower in Asia in thin trading Monday, with many markets including those in Tokyo and Shanghai closed for holidays. Lee Jin-man - staff, AP Currency traders work near screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U...
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Warren Buffett Names His Likely Successor

What You Need to Know Greg Abel is Berkshire Hathaway’s vice chairman of non-insurance businesses. He will "keep the culture," Charlie Munger says. Abel doesnt have Buffetts charisma but "exudes extreme competence and success,” a professor says. Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down. The board agrees that Abel, 58, would take over if anything were to happen to t...
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Warren Buffett's successor at Berkshire Hathaway is likely to be Gregory Abel.

Warren Buffett’s Successor at Berkshire Hathaway Is Likely to Be Gregory Abel “The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” Mr. Buffett, 90, told CNBC. Gregory Abel, now considered Warren Buffett’s heir apparent, appeared at Berkshire Hathaway’s annual meeting on Saturday.Credit...Yahoo Finance, via Reuters May 3, 2021Updated 5:01 p.m. ET During his decades-long career, Warren E. ...
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Berkshire Hathaway's Greg Abel: 5 fast facts

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions. This material may not be published, broadcast, rewritten, or redistr...
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Evening Update: Celebrities including Drake join Wealthsimple financing round, raising valuation to $5-billion; University of Alberta forges close research ties with China despite intelligence warnings

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Warren Buffett Sees a 'Red Hot' Economy With Creepi...

“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said. Buffett attributed the faster-than-expected recovery to swift and decisive rescue measures by the Federal Reserve and U.S. government, which helped kick 85% of the economy into “super high gear,” he said. But as growth roars back...
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After Berkshire Buffett: 'Greg will keep the culture'

Berkshire Hathaway was long enough to notice the heavy investor. Charlie Munger and Warren Buffett they were sparring whether Berkshire – a $ 631 million conglomerate that oversees it – could never be too big to manage. “Greg will keep the culture going,” Munger, the 97-year-old chief executive, said back and forth. It was an observation that Buffett lost pace very briefly. Greg Abel is a 58-year-old attorney from Berkshire who oversees the company’s uninsured investments. These inc...
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Warren Buffett discussed Apple, Robinhood, SPACs, and market speculation at Berkshire Hathaway's annual meeting

Warren Buffett discussed Apple, Robinhood, SPACs, and market speculation at Berkshire Hathaways annual meeting tmohamed@businessinsider.com (Theron Mohamed) Warren Buffett and Charlie Munger spoke at Berkshire Hathaways annual meeting. The pair discussed Apple, SPACs, Robinhood, market speculation, and other subjects. The Berkshire bosses warned against treating the stock market like a casino. Warren Buffett has kept an extremely low profile over the past year. He finally broke ...
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Source: msn.com

Berkshire defends $8 bln Texas power proposal to combat blackouts

EnergyBerkshire defends $8 bln Texas power proposal to combat blackouts Jonathan Stempel 1/2 Christina Beverly and John Shearon light candles in their home after winter weather caused electricity blackouts and "boil water" notices in Fort Worth, Texas, U.S. February 20, 2021. Their home has not had power since blackouts began across the state on Sunday, February 14, 2021, according to the residents. REUTERS/Cooper Neill Read More Berkshire Hathaway Inc (BRKa.N) on Saturday defended its $8 bill...
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Warren Buffett Touted America. Too Bad He Didn't Buy.

Warren Buffett Touted America. Too Bad He Didnt Buy. May 03 2021, 6:25 PM May 02 2021, 6:29 AM May 03 2021, 6:25 PM (Bloomberg Opinion) -- Warren Buffett is feeling much better since “the economy went off a cliff” last March. He admits he might be even happier if he had used that opportunity to invest some of the $145 billion of cash Berkshire Hathaway Inc. has been hoarding. (Bloomberg Opinion) -- Warren Buffett is feeling much better since “the economy went off a cl...
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