Berkshire Stock Hits New High, Moving on From Buffettโs Exit
Berkshire Hathaway Inc. investors are moving on after the departure of the firmโs legendary leader Warren Buffett, as shares hit a new high Wednesday.
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Berkshire Hathaway Inc. investors are moving on after the departure of the firmโs legendary leader Warren Buffett, as shares hit a new high Wednesday.
Warren Buffett, chairman emeritus of Berkshire Hathaway, is worth $150 billion, according to the Bloomberg Billionaires Index. Until recently, a longtime favorite of his, Bill Gates, was taking care of giving most of the money away through his behemoth global foundation. Then came the revelations about Gatesโ relationship with Jeffrey Epstein. Now, it's Buffett's three children that will inherit the task of distributing his enormous wealth. Bloomberg News' Wealth Reporter Sophie Alexander and US Insurance Reporter Alex Rajbhandari spoke with Susie, Howard, and Peter about their plans for their Dad's legacy. (Source: Bloomberg)
Shares of Bending Spoons surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate. The investment brings Berkshireโs stake in Bending Spoons to 4% and gives Bending Spoons more capital to pursue acquisitions. Bloomberg's Matt Palazola joins to discuss. (Source: Bloomberg)