Berkshire Hathaway CEO Greg Abel has divested stocks once overseen by Todd Combs. Combs departed Berkshire in December for JPMorgan Chase. This move signals a significant shift in Berkshire’s investment portfolio under Abel, who took over as CEO in January. Warren Buffett continues as Chairman. Berkshire is expected to reveal more details on its equity holdings soon.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of