News list for "Sirhasa"
On September 21, according to CNBC, Buffett's Berkshire Hathaway (BRK.A.N, BRK.B.N) completely exited its stake in BYD (01211.HK), which had brought it huge gains. In August 2022, Berkshire began to reduce its holdings of 225 million BYD shares it bought in 2008 for $230 million. The value of the stake had soared 41% to $9 billion in the second quarter of 2022. As of June last year, Berkshire had sold nearly 76% of its holdings, reducing its shareholding ratio to less than 5% of BYD's outstandin...
UnitedHealth (UNH. N) rallied 13% in premarket trading, as the company won a new position from Buffett's Berkshire Hathaway. Nucor Steel (NUE. N) rose 7.6% in premarket trading.
At the end of the shareholders' meeting, Buffett suddenly announced that he would step down as chief executive of Berkshire Hathaway at the end of the year, and he would recommend that his previously announced successor, Greg Abel, the company's vice-chairperson, become CEO at the end of the year. Buffett said he "will still stay" and help, but the "final decision" will be in Abel's hands. According to Buffett, Abel and the other board members had no idea that such a thing would happen. Only Buf...
