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Turkish authorities are trying to contain fallout after a series of investment funds holding billions of dollars collapsed, triggering a selloff in Istanbul stocks. A fund manager's inability to repay clients spread pain across similar funds, adding fresh stress to Turkey's economy.
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Warren Buffett is stepping down as Berkshire Hathaway chairman effective immediately. His son Howard will become the company's new chairman.
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Kylian Mbappe has ended his 20-year Nike sponsorship to sign with Roger Federer-backed On, strengthening On's football ambitions and adding pressure on Nike. Financial terms were not disclosed, and On's shares briefly rose while Nike's were little changed.
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Warren Buffett is stepping down as chairman of Berkshire Hathaway, handing the role to his son Howard while Greg Abel continues as CEO. The article recounts Buffett’s transformation of Berkshire into a $1.1 trillion conglomerate and his investing legacy.
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Warren Buffett is stepping down as chairman of Berkshire Hathaway after more than 50 years, becoming chairman emeritus. His son Howard will become chairman, while Greg Abel remains CEO and Buffett stays on as a director. The article recounts Buffett's tenure, succession plan, and business legacy.
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Warren Buffett stepped down as chairman of Berkshire Hathaway, ending a six-decade tenure at the conglomerate. He will become chairman emeritus and remain on the board, with his son Howard Buffett taking over as chairman while Greg Abel continues as CEO.
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Warren Buffett, 96, has stepped down as chairman of Berkshire Hathaway effective immediately and named his son Howard as his successor. Buffett will remain chairman emeritus and a board member, writing to shareholders that 'Father Time always wins' and praising CEO Greg Abel.
Washington PostSig. 8NewsEconomyStocks
Warren Buffett has stepped down as chairman of Berkshire Hathaway effective immediately and will become chairman emeritus, with Howard Buffett replacing him. Buffett, 96, had already stepped down as CEO in 2025 and will remain on the board.
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Warren Buffett announced he is stepping aside as Berkshire Hathaway chairman, becoming chairman emeritus while remaining on the board. His son, Howard Buffett, will become chairman under a longstanding succession plan, after Greg Abel previously took over as CEO.
Warren Buffett is stepping down as chairman of Berkshire Hathaway after more than 50 years, becoming chairman emeritus. His son Howard will become the new chairman, while Greg Abel remains CEO after Buffett stepped down from that role last year. The article includes a statement from Abel praising Buffett's impact and the culture he built at Berkshire.
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Berkshire Hathaway named Warren Buffett chairman emeritus and appointed his son Howard Buffett as chairman. Buffett, 96, stepped down as CEO earlier this year and will remain on the board, while the company credited him with transforming it into a trillion-dollar investment giant.
Warren Buffett will step down as chairman of Berkshire Hathaway, less than a year after handing over the CEO role. The company said his son Howard will become chairman as the conglomerate moves to a new generation.