Stock Market Updates and Financial News

The S&P 500 rose to a new record high as Nvidia became the most valuable public company, surpassing Microsoft. The market saw gains despite weaker retail sales data. BlackRock launched a new active ETF similar to a highly rated mutual fund. Goldman Sachs raised its year-end market expectations. Federal Reserve officials commented on inflation and interest rates. Cedar Fair and Six Flags completed their merger, and Berkshire Hathaway increased its stake in Occidental Petroleum.

Succession Plan at Berkshire Hathaway

Warren Buffett discusses succession plan at Berkshire Hathaway shareholders meeting, providing clarity on leadership structure and future of conglomerate after his retirement.

Berkshire Hathaway's First Quarter Earnings Report

Berkshire Hathaway reported a significant increase in operating earnings in the first quarter, with its cash holdings reaching a record high. The conglomerate posted an operating profit surge of 39% to $11.22 billion, led by gains in insurance underwriting and investment income. The company's cash hoard hit $188.99 billion, reflecting Buffett's challenge in finding major acquisition targets.

Berkshire Hathaway's Market Value and Warren Buffett's Reassurances

Berkshire Hathaway's shares face concerns after US government warns of lawsuit against its power company, PacifiCorp, for alleged failure to cover wildfire costs. Warren Buffett reassures investors about company's long-term resilience despite challenges and limited investment opportunities. Company's market value nearing $1 trillion milestone. Inflation data and Canadian bank shares also in focus. Microsoft partners with Mistral AI for AI models on Azure cloud platform. BYD Auto unveils $230k supercar to compete with traditional supercar-makers. Canadians expected to pay more for steak due to rising beef prices. Texas man pleads guilty to insider trading. China restricts short selling and quant trading to support stock markets. India seen as potential new growth engine amid China's economic slump. Michael Burry's 2024 portfolio features new stock picks. Walton family's wealth surpasses Elon Musk's individual fortune.

Berkshire Hathaway's Record Annual Profit

Berkshire Hathaway, led by Warren Buffett, achieved its highest-ever annual profit of $97.1 billion last year. Buffett cited government regulations as a reason for the underperformance of some divisions. The company's insurance operations and stock investments were strong, while BNSF railroad and utilities business fell short of expectations.