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Warren Buffett

All articles tagged with #warren buffett

Berkshire Hathaway moves to unwind Buffett-era Kraft Heinz stake
business1 month ago

Berkshire Hathaway moves to unwind Buffett-era Kraft Heinz stake

Berkshire Hathaway has filed to register its entire 27.5% stake in Kraft Heinz, signaling a potential reduction of its holding as new CEO Greg Abel shifts away from Buffett-era bets; Kraft Heinz plans a two-company split, Buffett has acknowledged the deal’s flaws, the stock fell about 6% on the news, and Berkshire took a $3.8 billion write-down last year while 3G Capital exited in 2023. Berkshire’s next 13F update is expected mid-May, and the filing suggests an exit path rather than an imminent sale.

Buffett Pursues One Last Jumbo Deal as Berkshire Clings to Cash
business1 month ago

Buffett Pursues One Last Jumbo Deal as Berkshire Clings to Cash

Buffett, in the final stretch of Berkshire Hathaway's leadership, says he's ready to spend as much as $100 billion on a truly sizable deal, but finds no 2025 opportunities at sensible prices despite a record $381.6 billion cash pile; Berkshire did close the $9.7 billion OxyChem acquisition, and new CEO Greg Abel will face pressure to deploy capital as shares lag.

Jim Grant Warns Warren Buffett's Caution on US Stocks
finance1 month ago

Jim Grant Warns Warren Buffett's Caution on US Stocks

Jim Grant warns that the US stock market may be overheated, highlighting Warren Buffett's shift towards safer assets like Treasury bills, with Berkshire Hathaway holding over $234 billion in T-bills, suggesting caution for investors amid a bullish market. Grant emphasizes the importance of considering safer investment options such as high-yield savings accounts and platforms like Public for uninvested funds.

Greg Abel succeeds Warren Buffett as Berkshire Hathaway CEO amid stock gains and strategic shifts
business1 month ago

Greg Abel succeeds Warren Buffett as Berkshire Hathaway CEO amid stock gains and strategic shifts

Warren Buffett has officially stepped down as CEO of Berkshire Hathaway, appointing Greg Abel as his successor. Abel, who has been with Berkshire since 2000 and previously led Berkshire Hathaway Energy, is expected to maintain the company's decentralized model while guiding its future growth. Buffett will remain as chairman, providing mentorship, and has expressed strong confidence in Abel's leadership. The transition marks a new era for the conglomerate, with some anticipated leadership adjustments but no major upheavals.