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.
Watch CBS News
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.
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
The 81-year-old former New York City mayor has been hospitalized for pneumonia, his spokesperson said.
Elizabeth Smart, who survived abduction and sexual abuse as a teenager and went on to become a child safety advocate, recently revealed a pivot into body building.
Cherie DeVaux reflected on her place in history after becoming the first woman to train a Kentucky Derby winner with Golden Tempo.
Police said several were injured in the incident, which happened in the Grimmaische Strasse, a street that leads into central Leipzig's shopping area.
The lawsuit ramps up a feud between World Liberty Financial and Sun, who last month sued the Trump-backed company for fraud.
An investigation is underway after a United Airlines plane struck a light pole and truck on the New Jersey Turnpike as it was coming in for a landing at Newark Liberty Airport on Sunday afternoon, officials said.
At least 13 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
Tickets for Monday's Metropolitan Museum of Art event in New York City are into the six figures — if you get an invite.
Cherie DeVaux reflected on her place in history after becoming the first woman to train a Kentucky Derby winner with Golden Tempo.
Some Spirit Airlines customers with flight tickets could be out of luck after the discount carrier ceased operations.
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
The lawsuit ramps up a feud between World Liberty Financial and Sun, who last month sued the Trump-backed company for fraud.
Tickets for Monday's Metropolitan Museum of Art event in New York City are into the six figures — if you get an invite.
Some Spirit Airlines customers with flight tickets could be out of luck after the discount carrier ceased operations.
The lawsuit ramps up a feud between World Liberty Financial and Sun, who last month sued the Trump-backed company for fraud.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
Nine Native American tribes in South Dakota, North Dakota and Nebraska are suing the federal government in a bid to stop exploratory drilling for graphite near a sacred site in the Black Hills.
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
On this "Face the Nation with Margaret Brennan" broadcast, White House Economic Council Director Kevin Hassett and Sen. Raphael Warnock join Margaret Brennan.
Nine Native American tribes in South Dakota, North Dakota and Nebraska are suing the federal government in a bid to stop exploratory drilling for graphite near a sacred site in the Black Hills.
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
The 81-year-old former New York City mayor has been hospitalized for pneumonia, his spokesperson said.
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
A suspected outbreak of the rare hantavirus on a cruise ship in the Atlantic off Africa killed three people and sickened at least three others, health officials say.
Hosted by Jane Pauley. Featured: The effects of overtourism; horse therapy; a tool to help keep dementia in check; Sting on "The Last Ship"; a golf journalist takes over a failing golf course; a Mozart exhibition; and collecting PEZ dispensers.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia. National Public Radio correspondent Allison Aubrey talks with neurologist Dr. Jonathan Rosand about how making changes to your daily habits might just be the prescription needed.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
Russia on Monday declared a unilateral ceasefire with Ukraine between May 8-9, when Moscow marks its annual World War II Victory Day commemorations.
Police said several were injured in the incident, which happened in the Grimmaische Strasse, a street that leads into central Leipzig's shopping area.
Spanish police impounded what is believed to be a national record haul of cocaine from a ship, with the seizure potentially reaching 40 tons, a union said.
Arrests and executions in Iran have been on the rise since the start of the regional war triggered by a U.S.-Israeli attack on Feb. 28.
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
Alex Damon, one of the minds behind the "Star Wars Explained" viral videos, joins CBS News to discuss the franchise as fans celebrate May 4, a popular day among followers.
Fashion's biggest night, the 2026 Met Gala, will take place Monday night on New York City's Upper East Side. Lauren Sherman, CBS News contributor and fashion correspondent for Puck, joins to discuss.
In an exclusive interview with "CBS Mornings" co-host Gayle King, Lizzo spoke about releasing new music and her ongoing legal battle, saying, "the truth is less salacious than the headlines."
Guests are preparing for the 2026 Met Gala in New York City on Monday. CBS News contributor Lauren Sherman joins with more on what to expect.
Lizzo spoke to "CBS Mornings" co-host Gayle King about releasing her new music amid an ongoing legal battle, her weight loss journey and why she indefinitely put a project on hold last year.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
"Sunday Morning" looks back at historical events on this date.
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.
Powerful artificial intelligence data centers are putting a significant strain on the nation's power grid, but one U.S.-based company has a proposal to help solve the issue. Jon Parella, CEO and founder of Terraflow Energy, joins to discuss.
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with more.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Cole Allen, the suspected shooter at the White House Correspondents' Dinner, was moved off suicide watch in jail ahead of his appearance in court on Monday. CBS News senior coordinating producer Anna Schecter has more.
Spanish police impounded what is believed to be a national record haul of cocaine from a ship, with the seizure potentially reaching 40 tons, a union said.
U.S. Attorney for the District of Columbia Jeanine Pirro is claiming that Cole Allen, the suspect linked to a shooting at the White House Correspondents' Dinner, fired a shot that hit a Secret Service agent's vest. CBS News' Katrina Kaufman has more.
At least 13 people were at hospitals following a shooting at a party at Arcadia Lake, near Oklahoma City, police say.
The incident occurred one week after shots were fired during the White House Correspondents' Dinner in Washington, D.C., and Mr. Trump was rushed off the dais.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
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.
Alex Damon, one of the minds behind the "Star Wars Explained" viral videos, joins CBS News to discuss the franchise as fans celebrate May 4, a popular day among followers.
Fashion's biggest night, the 2026 Met Gala, will take place Monday night on New York City's Upper East Side. Lauren Sherman, CBS News contributor and fashion correspondent for Puck, joins to discuss.
The U.S. destroyed six small Iranian boats in the Strait of Hormuz, Central Command said Monday. CBS News contributor Aaron MacLean, retired U.S. Navy Adm. Robert Murrett and CBS News White House reporter Aaron Navarro join with more.
Several deaths and sicknesses on a cruise ship in the Atlantic Ocean are being blamed on the rare hantavirus infection. CBS News' Ramy Inocencio reports.
Britney Spears pleaded guilty to reckless driving on Monday, avoiding jail time following her March arrest.