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3 weeks ago | 
ca.finance.yahoo.com | Myles Udland
Federal Reserve Chair Jerome Powell laid out plans to trim the central bank's workforce by 10% across its system in the coming years, according to a message sent to Fed staff Friday obtained by Yahoo Finance.
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3 weeks ago | 
ca.finance.yahoo.com | Myles Udland
UnitedHealthcare (UNH) stock fell as much as 17% early Thursday, reaching its lowest levels in five years and marking a more than 50% drop over the last month as negative headlines for the insurance giant continue to add up. Thursday's plunge follows a new report in The Wall Street Journal released late Wednesday that said the company is facing a criminal investigation related to possible Medicare fraud.
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1 month ago | 
finance.yahoo.com | Myles Udland
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: Federal Reserve Chair Jerome Powell offered investors a consistent message on Wednesday: patience. Time and again, the chair came back to the idea that the Fed has an ability, and an obligation, to wait and see how developments evolve on tariff policy and any economic distortions that follow.
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1 month ago | 
finance.yahoo.com | Myles Udland
Unlock stock picks and a broker-level newsfeed that powers Wall Street. Sun, May 4, 2025, 7:00 AM 6 min read In This Article: Warren Buffett shook the investment world on Saturday with four words: "The time has arrived." The investing legend and longtime CEO of Berkshire Hathaway (BRK-B, BRK-A) made official this weekend plans to hand over the CEO role at Berkshire to the company's vice chairman, Greg Abel, at the end of the year. Abel was first identified as Buffett's successor in 2021.
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1 month ago | 
finance.yahoo.com | Myles Udland
Unlock stock picks and a broker-level newsfeed that powers Wall Street. In This Article: Warren Buffett said Saturday he plans to step down as Berkshire Hathaway (BRK-B, BRK-A) CEO at the end of this year, and that he will recommend Greg Abel succeed him. "I think it's the time has arrived where Greg should become the chief executive officer of the company at year-end," said Buffett, who was chairing his 60th annual meeting.
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1 month ago | 
finance.yahoo.com | Myles Udland
Unlock stock picks and a broker-level newsfeed that powers Wall Street. Updated Sat, May 3, 2025, 12:00 PM 5 min read In This Article: Warren Buffett said Saturday he plans to hand over the reins at Berkshire Hathaway (BRK-B, BRK-A) at year-end. "I think it's the time has arrived where Greg [Abel] should become the chief executive officer of the company at year-end," said Buffett, who was chairing his 60th annual meeting.
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1 month ago | 
ca.finance.yahoo.com | Myles Udland
Warren Buffett said Saturday he plans to hand over the reins at Berkshire Hathaway (BRK-B, BRK-A) at year-end. "I think it's the time has arrived where Greg [Abel] should become the chief executive officer of the company at year end," said Buffett, who was chairing his 60th annual meeting. "And I want to spring that on the directors, effectively, and give that as my recommendation."Berkshire's board is set to meet on Sunday, May 4.
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1 month ago | 
yahoo.com | Myles Udland
The S&P 500 is down about 3% this year. At its lows, the index was down over 19% from its record high. For Warren Buffett, this year's volatility has been nothing to write home about. "What has happened in the last 30, 45 days, 100 days, whenever you want to pick, whatever this period has been, is really nothing," Buffett said at the Berkshire Hathaway annual meeting on Saturday.
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1 month ago | 
finance.yahoo.com | Myles Udland
Unlock stock picks and a broker-level newsfeed that powers Wall Street. The first question for Warren Buffett at the Berkshire Hathaway annual shareholder meeting involved world trade as President Trump's tariff policy disrupts the status quo. "Trade should not be a weapon," Buffett said at the end of a detailed answer about the history of the United States and how global trade developed.
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1 month ago | 
finance.yahoo.com | Myles Udland
Unlock stock picks and a broker-level newsfeed that powers Wall Street. Updated Sat, May 3, 2025, 5:56 AM 1 min read In This Article: The annual Berkshire Hathaway (BRK-A, BRK-B) shareholder meeting is here. Called "Woodstock for Capitalists," the weekend's main event is set to kick off this morning with Warren Buffett taking questions from CNBC's Becky Quick as well as Berkshire shareholders. Buffett will again be joined onstage by Greg Abel and Ajit Jain, Berkshire's vice chairmen.
