Berkshire Hathaway has 1st annual meeting without Warren Buffett
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
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The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
Abel, 63, takes the helm of Berkshire Hathaway after a six-decade run by Buffett.
In an eight-page letter published Monday, Warren Buffett said he'll donate 2.7 million of his shares to four family foundations.
Berkshire Hathaway's earnings can swing wildly from quarter to quarter because it has to record the current value of its massive investment portfolio.
Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S.
The billionaire pledged in 2006 to give away most of his wealth to philanthropy. Buffett said the shares of Berkshire Hathaway will be delivered on Monday.
Jane Pauley interviews the chairman of the board, president and CEO of Berkshire Hathaway, the world's third-largest public company, who may be the most successful investor in history. And to hear him tell it, Warren Buffett is having nothing but fun.
Investor Warren Buffett sits down with Norah O'Donnell to discuss "Becoming Katharine Graham," the documentary highlighting his late friend's career as CEO of The Washington Post. Then, Lee Cowan visits Julien's Auctions, an auction house in Los Angeles where celebrity memorabilia is on the market. "Here Comes the Sun" is a closer look at some of the people, places and things we bring you every week on "CBS Sunday Morning."
Warren Buffett announced Saturday he would step down as CEO of Berkshire Hathaway at the end of the year.
Warren Buffett said he will recommend to Berkshire Hathaway's board that Greg Abel should become CEO at the end of the year.
Billionaire investor Warren Buffett announced that he intends to step down as CEO of the empire he built at the end of 2025. He tapped Vice Chair Greg Abel as his successor. Jo Ling Kent reports.
Berkshire said in its earnings report Saturday that it sold off roughly another 100 million Apple shares in the third quarter after halving its massive investment in the iPhone maker last quarter.
Buffett once called the company's stake in the iPhone maker a pillar of Berkshire's business that he intended to hold indefinitely.
Warren Buffett referred to close friend Charlie Munger as the "the architect of Berkshire Hathaway."
Warren Buffett said Berkshire Hathaway could not have been built without Munger's "inspiration" and "wisdom."
Buffett has given away billions of dollars in Berkshire Hathaway stock since 2006 as part of his pledge to donate 99% of his wealth in his lifetime.
The billionaire investor broke with his practice of staying out of local politics to urge his hometown to abandon the project because, he says, it's too expensive and not as flexible as buses.
A new ProPublica analysis of tax data on multibillionaires comes to the conclusion that the richest 25 people in the U.S. have a "true tax rate" of almost nothing.
"It's been nothing but good," the Berkshire Hathaway CEO said of the annual charity lunch, which he says will be his last.
The investigation into missing Malaysia Airlines Flight 370 took a sinister turn as Malaysia's prime minister told reporters the plane was "deliberately diverted"; and, the ballots and polling stations are ready in Crimea on the eve of the referendum on whether to join the Russian Federation. Ukrainian soldiers remain blockaded in their bases and the head of Crimea's Ukrainian council hasn't been seen since his arrest last Sunday.
The billionaire said he has been an "inactive" trustee of the Bill and Melinda Gates Foundation "for years."
ProPublica analyzed a "vast trove" of IRS tax data on Jeff Bezos, Warren Buffet and other billionaires.
Greg Abel, a former hockey player, built Berkshire's energy unit into the largest producer of wind power in America.
Zika virus in Miami sparks tourism industry fears; Warren Buffett calls Donald Trump's bluff on tax returns. These headlines and more headlines from CBS MoneyWatch.
A CBS News poll shows six in 10 voters say Donald Trump is not prepared to be president. About the same number say Hillary Clinton is prepared for the job. Clinton campaigned Monday night in Omaha, Nebraska, with Warren Buffett. The billionaire investor tried to goad Trump into releasing his tax returns. Nancy Cordes reports.
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
Israel and Lebanon agreed Wednesday to renew their fragile ceasefire and create a number of "pilot" security zones inside Lebanon where Hezbollah would be banned.
Senate Republicans moved forward with a package to fund the Department of Homeland Security's immigration agencies Wednesday.
Bill Pulte, President Trump's pick for acting director of national intelligence, is being met with some skepticism on Capitol Hill.
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
President Trump is expected to nominate Acting Attorney General Todd Blanche to serve in the role permanently, several sources familiar with the matter told CBS News.
The USDA said the only animal affected was a 3-week-old calf in Zavala County, Texas, after larvae were identified in its umbilical area.
The Southern Poverty Law Center asked a judge to consider sanctioning federal prosecutors, after the DOJ shared an unsigned and unstamped copy of a superseding indictment with members of the media.
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
The school has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss.
The USDA said the only animal affected was a 3-week-old calf in Zavala County, Texas, after larvae were identified in its umbilical area.
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
"Chelsea Jane Doe" has been identified as Tiffany Bradley of Pennsylvania.
American Airlines said it is temporarily cutting six routes amid rising jet fuel costs, including several flights to Los Angeles.
American Airlines said it is temporarily cutting six routes amid rising jet fuel costs, including several flights to Los Angeles.
Safety watchdog said seat belts in certain Ford Expedition and Lincoln vehicles may inadvertently lock, preventing them from functioning properly.
The Points Guy's annual ranking gives extra weight to affordability this year as higher fuel costs and airline fees squeeze travelers.
A Virginia woman alleges she suffered serious injuries after slipping on what appeared to be mashed potatoes at an Outback Steakhouse.
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
President Trump is expected to nominate Acting Attorney General Todd Blanche to serve in the role permanently, several sources familiar with the matter told CBS News.
The Southern Poverty Law Center asked a judge to consider sanctioning federal prosecutors, after the DOJ shared an unsigned and unstamped copy of a superseding indictment with members of the media.
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
Voters in San Francisco on Tuesday advanced San Francisco Supervisor Connie Chan and state Sen. Scott Wiener in the race to succeed former House Speaker Nancy Pelosi in California's 11th Congressional District, CBS News projects.
Come January, pregnancy care physician billing codes will change from a bundled system to an à la carte one.
A possible case of the flesh-eating New World screwworm is being investigated in Texas, the USDA reported Wednesday.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
A new drug was shown in trials to keep pancreatic cancer patients alive for twice as long as chemotherapy alone. Dr. Jon LaPook has more.
Sentri7, drug diversion software powered by artificial intelligence and used at hundreds of U.S. hospitals, did not catch a monthslong string of fentanyl thefts in Tennessee in 2025, according to a state document.
The Israeli and Lebanese governments have agreed to implement a ceasefire, after weeks of deadly fighting between Israel and Hezbollah had imperiled broader negotiations between the U.S. and Iran to end their conflict.
State media photos showed what appeared to be a large centrifuge hall, indicating the plant is likely used to enrich weapons-grade uranium.
In May, the Senate advanced a similar measure to force the president to end the prolonged conflict with Iran.
The discovery comes in the midst of a U.S.-backed military crackdown on the organized crime gangs in Ecuador.
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Jon Hamm previews "Your Friends & Neighbors" season 2 finale, saying "it is satisfying" and provides some answers for fans. He also talks about the relatability of the show's characters and reflects on "Mad Men."
André De Shields speaks to "CBS Mornings" about starring in "Cats: The Jellicle Ball," which is a reimagining of Andrew Lloyd Webber's classical musical told through the lens of ballroom culture. De Shields talks about bringing ballroom to Broadway and his latest Tony nomination.
The 25th edition of the film and media festival opens on Wednesday, showcasing more than 100 world premiere documentaries and narrative features, as well as short films, live music, podcasts and conversations with leading entertainment figures.
The sci-fi horror flick "Backrooms" was the number one movie in the U.S. as of Tuesday. The filmmaker behind the movie, 20-year-old YouTuber Kane Parsons, is now the youngest director with a number one film globally. Brooks Barnes, The New York Times' chief Hollywood correspondent, joins "The Daily Report" to discuss.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
CBS News spoke with five people who say they were led to believe they had developed an emotional connection to an AI chatbot. They are now involved in a digital support group for people who say they experienced AI-fueled delusions or spirals. ChatGPT user Micky Small joins "The Daily Report" to share her experience.
OpenAI CEO Sam Altman met with Republican and Democratic lawmakers on Wednesday to oppose proposals that would require developers to obtain government approval before releasing new artificial intelligence models. Jordan Rae Kelly, former director for cyber incident response on the National Security Council, joins with analysis.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Microsoft announced a slew of new AI products during its annual Microsoft Build developers conference in San Francisco. Scott Hanselman, a Microsoft vice president, speaks with CBS News about the product.
Businesses can now expand their AI customer service with Meta's help. Senior technology reporter Abrar Al-Heeti joins CBS News to talk about that and some of the other big tech stories of the day.
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
The school has fought lawsuits in federal court since 2018 brought by former student athletes against the university over its failure to stop abuse by Dr. Richard Strauss.
A team of specialized Coast Guard divers and investigators have been searching the Sea of Abaco in the Bahamas for missing Michigan mother Lynette Hooker. Cristian Benavides reports.
A 15-hour standoff at a bank building in Bakersfield, California, ended Wednesday after all hostages were freed and the suspect was killed by the FBI. Jonathan Vigliotti reports.
All hostages are safe and a suspect is dead after an hourslong standoff at a bank in California, police said on Wednesday. CBS News correspondent Carter Evans has the details.
Authorities in Bakersfield, California, offered details Wednesday on the hourslong standoff with a suspect who barricaded himself in a bank "with several community members," according to police. The situation ended early Wednesday when FBI personnel shot the suspect, authorities said.
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.
A rare blue micromoon will appear in night skies this weekend. Here's what to expect.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
CBS News spoke with five people who say they were led to believe they had developed an emotional connection to an AI chatbot. They are now involved in a digital support group for people who say they experienced AI-fueled delusions or spirals. ChatGPT user Micky Small joins "The Daily Report" to share her experience.
Over the past 24 hours, the U.S. and Iran have executed some of the most intense fighting since the ceasefire went into effect, and unlike other cases where military targets were hit, a civilian area came under fire. CBS News national security analyst Aaron MacLean has more.
Election results from California's primary races were still coming in on Wednesday. CBS News' Anthony Salvanto has the latest on the races.
A Brooklyn video store is going old school and it's drawing a new generation of movie fans. Evyn Moon shows how DVD and VHS are making a comeback as people trade algorithms for aisle browsing.
House passes measure that would rein in Trump on Iran; Trump says Iran talks are ongoing despite recent attack.