Berkshire Hathaway Inc. (BRK-A)
- Yahoo Finance Video
Earnings, Berkshire Hathaway, Milken Conference: 3 Things
80% of S&P 500 (^GSPC) companies have reported their first quarter earnings as of May 3, according to FactSet. A slew of companies are set to report their earnings this week, including Disney (DIS), Palantir (PLTR), Shopify (SHOP), Uber (UBER), and more. Berkshire Hathaway (BRK-A, BRK-B) held its first annual shareholder meeting without longtime Vice Chairman Charles Munger. CEO Warren Buffett spoke during the conference about various topics, including selling all shares of Paramount Global (PARA). The 27th annual Milken Institute Global Conference starts on Monday, with industry leaders discussing a wide range of topics, including higher-for-longer interest rates, the presidential election, and AI. Yahoo Finance reporters Jared Blikre, Madison Mills, and Brian Sozzi join the Morning Brief to break down the three things investors need to keep in mind for the trading day on May 6. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Zacks
Berkshire (BRK.B) Q1 Earnings Rise Y/Y, Segment Results Solid
Berkshire's (BRK.B) first-quarter results reflect higher earnings in insurance-underwriting and insurance-investment income, other controlled businesses and non-controlled businesses.
- Reuters
Warren Buffett's successor Greg Abel seen preserving Berkshire's culture
When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway, he is expected to preserve the culture at the behemoth even if he does not match the star power of his legendary boss. A 25-year Berkshire veteran, Vice Chairman Abel, 61, is expected by investors and analysts to uphold the $865 billion conglomerate's track record of investing in companies for the long haul and eschewing dividend payments to shareholders. Berkshire, which owns railroads, insurance companies and an ice-cream maker, has been planning for decades for the eventuality when Buffett, 93, who has run the company since 1965, is no longer there.
