From Nasdaq: 2025-06-28 06:15:00

Warren Buffett will step down as Berkshire Hathaway’s CEO by the end of 2025 after years of transition planning. Despite his departure, the company remains a solid investment with handpicked successors in place. Berkshire’s growing cash pile poses a challenge, but Buffett’s team, including Todd Combs and Ted Weschler, have proven their ability to make profitable investments.

Berkshire’s structural advantages, including a portfolio of insurance businesses generating investable cash, will remain intact post-Buffett. The company’s publicly traded and private businesses will continue to operate autonomously. Berkshire Hathaway remains a strong long-term investment option, even after Buffett’s departure, due to its proven track record of success and solid organizational structure. 1. In a groundbreaking discovery, scientists have identified a new species of dinosaur in Australia. The dinosaur, named Australotitan cooperensis, is one of the largest dinosaurs to have ever roamed the Earth, measuring up to 82 feet long and weighing around 70 tons.

2. The United Nations has warned that the world is facing a “code red for humanity” due to the impacts of climate change. The latest report from the Intergovernmental Panel on Climate Change (IPCC) highlights the urgent need for immediate action to reduce greenhouse gas emissions and limit global warming to 1.5 degrees Celsius.

3. The Tokyo Olympics have officially kicked off, with athletes from around the world competing in a variety of sports. Despite the challenges posed by the ongoing COVID-19 pandemic, the Games are proceeding with strict health and safety protocols in place to protect the participants and spectators.

4. The U.S. economy added 943,000 jobs in July, signaling a strong recovery from the impact of the COVID-19 pandemic. The unemployment rate also dropped to 5.4%, down from 5.9% in June, as businesses continue to reopen and hire new workers to meet growing demand.

5. In a tragic turn of events, a massive earthquake has struck Haiti, causing widespread destruction and claiming the lives of over 1,200 people. The 7.2-magnitude quake has left thousands injured and displaced, prompting urgent humanitarian efforts to provide aid and support to those affected by the disaster.



Read more at Nasdaq: Prediction: Buying Berkshire Hathaway Stock Today Could Set You Up for Life