Warren Buffett is stepping back from writing Berkshire’s annual letters after nearly six decades, opting for a quieter approach. He will continue to communicate with shareholders through his annual Thanksgiving message. Long-time lieutenant Greg Abel is set to officially take over as Berkshire’s chief executive by year-end, marking the end of an era.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created