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☆ House Judiciary chief launches investigation into Formula 1 over Andretti exclusion
▼ + stars: | 2024-05-07 | by ( Sahil Kapur | ) www.cnbc.com time to read: +2 min

The chairman of the powerful House Judiciary Committee is launching an investigation into Formula 1 and its U.S. owner, Liberty Media , to demand answers about the sport's decision to deny Andretti Global a spot on the grid. The letter is dated Tuesday and addressed to Greg Maffei, the president and CEO of Liberty Media, and Stefano Domenicali, the president and CEO of Formula One Group. "Delaying Andretti Cadillac's entry into Formula One for even one year will harm American consumers to benefit failing Formula One teams," Jordan writes. "Limiting the number of teams in Formula One will increase the price of sponsoring or buying into an existing Formula One team. The letter comes days after Mario Andretti, a former Formula 1 world champion, visited Capitol Hill and spoke at a press conference with lawmakers to pressure the sport to admit Andretti Global.

Persons: Mario Andretti, John James, Jim Jordan, Greg Maffei, Stefano Domenicali, Andretti, Jordan Organizations: Washington , DC, Andretti, Capitol, General Motors, Committee, Liberty Media, NBC News, Formula One, Formula, One, Andretti Global, Capitol Hill Locations: Washington ,, Ohio, United States, Michigan

☆ Fender benders mean serious high-tech repairs now
▼ + stars: | 2024-05-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Virtually every new vehicle sold in the last few years has sensors and cameras, including radar and sonar, throughout the body of the vehicle. These have made the repair process more complex because, unlike a smashed fender, a sensor or camera can’t just be bolted or welded back on. Some of these systems can cut crash rates in half, said Greg Brannon, director of automotive engineering at AAA. In a crash, these sensors and cameras can be damaged or just knocked out of alignment. Claim adjustors, who often come from the collision repair industry themselves, need to understand all the nuances involved in repairing these automated systems and sensors.

Persons: It’s, ”, Todd Dillender, Greg Brannon, “ They’re, Brannon, “, Hami Ebrahimi, ” Ebrahimi, Ebrahimi, That’s, Dillender, adjuster, Mike Bunda, We’ve Organizations: CNN, Auto, AAA, Systems Locations: United States, Chicago, Seattle, New York

☆ 'The 30-year fixed-rate mortgage is a uniquely American construct,' analyst says. Here's why
▼ + stars: | 2024-05-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Most U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate — but they may not realize how unusual that offering is. "The 30-year fixed-rate mortgage is a uniquely American construct," said Greg McBride, chief financial analyst for Bankrate. True to its name, a 30-year fixed spreads out repayment over 30 years, with an interest rate that remains the same for the life of the loan. In 2022, 89% of homebuyers applied for a 30-year mortgage, according to government data analyzed by Homebuyer.com. "If we did not have the dominance of the fixed-rate mortgage in the U.S. residential mortgage market, we would see a much higher level of stress among existing homeowners," McBride said.

Persons: Greg McBride, Jacob Channel, McBride Organizations: homebuyers, Bankrate, LendingTree, Homebuyer.com, Finance Locations: U.S

☆ Americans have spent their savings. Economists worry about what comes next
▼ + stars: | 2024-05-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But now that extra spending money is gone, economists are concerned about what comes next. That means many Americans have more debt than savings and suggests “that American households fully spent their pandemic-era savings as of March 2024,” they wrote in a recent report. Consumer spending plays a crucial role in driving economic growth in the United States, and it has shown remarkable strength over the past two years. “A continuing strong labor market could help consumers maintain spending patterns similar to those observed recently, even without pandemic-era savings,” they wrote. What comes next: Disney, Airbnb, Uber, Anheuser-Busch, Tapestry and Dillards all report later this week — investors will look for any comments about how consumer spending, or lack thereof, is altering revenue forecasts for 2024.

Persons: Hamza Abdelrahman, Luiz Edgard Oliveira, ”, Austan Goolsbee, ’ ”, Fitch, Sarah Wyeth, Chris Kempczinski, Abdelrahman, Airbnb, Warren Buffett, Berkshire Hathaway, Greg Abel, Buffett, “, Abel, isn’t, Boeing “, Scott Stocker, Read Organizations: CNN Business, Bell, New York CNN, San Francisco Federal Reserve, Chicago Federal, Society for, ”, Shoppers, Tyson Foods, “, Disney, Anheuser, Busch, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, FAA, Boeing, Federal Aviation Administration, CNN Locations: New York, United States, Omaha , Nebraska, Omaha, scamming

☆ Warren Buffett compares AI to nuclear weapons in stark warning
▼ + stars: | 2024-05-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed nuclear weapons,” he said Saturday. JPMorgan Chase, the world’s largest bank by market capitalization, is also exploring the potential of generative AI within its own ecosystem, Dimon said. Dozens of AI industry leaders, academics and even some celebrities have signed a statement warning of an “extinction” risk from AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.

Persons: New York CNN — Warren Buffett, Berkshire Hathaway, ”, Greg Abel, Buffett, “, Abel, isn’t, Buffett Buffett, JPMorgan Chase, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Sam Altman, Geoffrey Hinton Organizations: New, New York CNN, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, scamming, JPMorgan, JPMorgan Chase, Software, Yale, Summit, CNN, Walmart, Xerox, Google Locations: New York, Omaha , Nebraska, Omaha, scamming

☆ 5 things to know before the stock market Monday, May 6
▼ + stars: | 2024-05-06 | by ( Michele Luhn | ) www.cnbc.com time to read: +3 min

Feeling optimisticStock futures were higher Monday after ending last week on a positive note in light of a weaker-than-expected jobs report. Last week, the Dow and Nasdaq rose 1.1% and 1.4%, respectively, while the S&P 500 added 0.5%. Buffett's back, all rightWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. During the meeting, Buffett also fielded questions from shareholders, opined on the future of artificial intelligence and praised Fed Chair Jerome Powell for his work steering the economy. Final verdictCombination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.

Persons: Joseph Prezioso, Warren Buffett, Charlie Munger, Buffett, Greg Abel, Jerome Powell, Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, Zhao, Justin Sullivan Organizations: Dow, Nasdaq, Traders, Federal Reserve, Disney, Anadolu Agency, Getty, Berkshire, CNBC, Oracle, Berkshire Hathaway's, Paramount, Reuters, Bloomberg Locations: Omaha , Nebraska, Omaha, San Rafael , California

☆ 'Twist' in Warren Buffett's succession plan raises eyebrows among Berkshire's Omaha faithful
▼ + stars: | 2024-05-06 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

OMAHA, Nebraska — Many Berkshire Hathaway shareholders left last weekend's annual meeting pondering Warren Buffett's big revelation about succession. Others think Abel will be more likely to delegate the responsibility of stock selection. Buffett's investment lieutenants, Todd Combs and Ted Weschler, have independently managed about $15 billion each for Berkshire over the past decade. In addition to Berkshire's enormous equity portfolio, its pile of cash grew to nearly $189 billion at the end of March. The new forecast would translate into more than 20% upside and push Berkshire's total market value above $1 trillion.

Persons: Warren Buffett's, Greg Abel, Buffett, Greg, Abel, Todd Combs, Ted Weschler, Buffett hasn't, Combs, Bill Stone, Charlie Munger, who's, he's, Bueffett's, Cathy Seifert, Brian Meredith, Meredith, — CNBC's Michael Bloom Organizations: OMAHA , Nebraska —, Berkshire Hathaway, Saturday, Madison Investments, CNBC, Geico, Glenview Trust, Berkshire Hathaway Energy, UBS Locations: OMAHA , Nebraska, Omaha, Berkshire, Toyama, UBS Berkshire

☆ Three things investors probably don’t know, but should
▼ + stars: | 2024-05-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Arone spoke with Before the Bell to outline three things about markets right now “that investors should know, but probably don’t.”1. You write that investors might be surprised to hear that small- and mid-cap stocks have outperformed large-cap stocks over the past five months. Why do you think that’s surprising, and what does it say about markets? Most investors think that the S&P 500 has been outperforming everything else, largely dragged up by the performance of the Magnificent 7 (Amazon, Tesla, Alphabet, Meta, Apple, Microsoft and Nvidia). The big beneficiaries of that, I think, would be a surprise for most investors — those mid-cap stocks and small-cap stocks.

Persons: ”, Michael Arone, Arone, That’s, that’s, Jerome Powell, I’m, Warren Buffett, Berkshire Hathaway, Charlie Munger, Buffett, Greg Abel, Ajit Jain, Munger’s, Read, Parija Kavilanz Organizations: New, New York CNN, Wall, Federal Reserve, Bell, Apple, Microsoft, Nvidia, Treasury, Fed, Berkshire Hathaway, Oracle, Ikea Locations: New York, Berkshire, Woodstock, Nebraska, Omaha

☆ Meet nuclear power's newest fans: data centers
▼ + stars: | 2024-05-06 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +11 min

The deal illustrates data centers' new-found interest in nuclear power. Joe Dominguez, the CEO of Constellation, the nation's largest operator of nuclear plants, said in a March earnings call that powering data centers with nuclear energy was "kind of a perfect marriage." AdvertisementVistra, another nuclear owner, also indicated it was arranging data center deals for a nuclear plant it owns in Ohio and one in Texas. Greg Poulos, the executive director of a PJM watchdog group, said that "one of my highest priority, highest radar items" is how data centers could push costs onto consumers and also whether nuclear data centers deals could reduce grid reliability. Beyond the nuclear optionNot all data centers, of course, are seeking out nuclear power to seize their energy independence.

Persons: —, Wes Swenson, Swenson, Joe Dominguez, Jim Burke, Ralph La Rossa, La Rossa, Steve Helber, Burke, Dominguez, PJM, Michael Jacobs, Brian Janous, Greg Poulos, Poulos, Biden Organizations: Service, Susquehanna, Amazon, Business, US Energy Information Administration, Nuclear, Constellation, Public Service Enterprise Group, Microsoft, International Energy Agency, Dominion Energy, Talen Energy, Energy, Union of Concerned Locations: Pennsylvania, Salt Lake City, Ohio, Texas, New Jersey, Our, Jersey, Virginia, Chester , Va, Susquehanna, Chicago, New York City

☆ Greg Lukianoff Is Getting Back to the Basics on Free Speech on Campus - The New York Times
▼ + stars: | 2024-05-06 | by ( Jane Coaston | ) www.nytimes.com time to read: +1 min

At colleges and universities across the country, from Cal Poly-Humboldt to Columbia, students have been protesting against the war in Gaza. The protests have generated another round of discussion (and endless takes on the internet) about free speech on college campuses. What about universities that purportedly champion free speech suddenly deciding that maybe there’s such a thing as too much freedom of speech? And, personally, I want to know why we pay so much attention to Ivy League schools most of us didn’t go to. I spoke with Greg Lukianoff, the president and C.E.O.

Persons: Greg Lukianoff, Rikki Schlott Organizations: Cal Poly, Humboldt, Ivy League, Foundation, Rights, FIRE’s Student Network Conference Locations: Columbia, Gaza

☆ WSJ's Greg Ip: Everybody's conviction of 2% inflation has to be lower after what we've seen
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Greg Ip: Everybody's conviction of 2% inflation has to be lower after what we've seenCNBC's Steve Liesman and Greg Ip, Wall Street Journal chief economics commentator and deputy economics editor, join 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, impact on the central bank's interest rate path, and more.

Persons: Greg Ip, we've, Steve Liesman Organizations: Wall Street Journal

In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTWarren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. The death of Munger last year brought the question of succession to the forefront of many investors' minds at this year's shareholders meeting. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. At the 2015 meeting, for example, he observed, "Warren, if people weren't so often wrong we wouldn't be so rich." Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.

Persons: Warren Buffett, David A, CNBC Warren Buffett, Charlie Munger, Munger, Buffett, Greg Abel, Ajit Jain, Berkshire Hathaway, he'd, Abel, Greg, CNBC Abel, that's, Munger's, Warren Organizations: Berkshire, Grogen, CNBC, Berkshire Hathaway, Berkshire Hathaway Energy, Oracle Locations: Omaha , Nebraska, mull, Berkshire, Omaha

☆ Trump’s VP hopefuls continue auditioning to join his ticket, following weekend fundraiser
▼ + stars: | 2024-05-05 | by ( Kit Maher | Greg Clary | ) edition.cnn.com time to read: +8 min

Kristi Noem remained on defense after blowback from an anecdote about killing a 14-month-old dog and goat on her farm. “This is Joe Biden’s Democrat Party today,” the New York Republican said, alluding to scenes of chaos on campuses nationwide. “And the reality is this is why Republicans continue to poll stronger and stronger, because we represent peace and security. Video Ad Feedback Tapper presses potential Trump VP pick on 2020 election 04:10 - Source: CNNGoodbye, Sunshine State? Rubio also tried Sunday to tamp down on speculation that he would be Trump’s vice president.

Persons: Donald Trump’s, Joe Biden, Kristi Noem, Noem, Elise Stefanik, Doug Burgum, South Carolina Sen, Tim Scott, Florida Sen, Marco Rubio, Joe Biden’s, ” Rubio, ”, Biden, ” Scott, Trump, Scott, Donald Trump, ” Trump, NBC’s Kristen Welker, Kristen, ” Burgum, Tapper, Sunshine State ? Rubio, Rubio, “, doesn’t, He’s, ” Noem, “ Joe Biden’s, Kim Jong, I’d, Kim, “ I’ve, I’ve, CNN’s Casey Gannon, Veronica Stracqualursi Organizations: CNN, South Carolina Gov, Trump, Republican National Committee, Mar, North Dakota Gov, Fox News, Biden, Democratic Party, Joe Biden’s Democrat Party, New York Republican, Republicans, “ Fox, Press, White, Milwaukee Journal Sentinel, Sunshine State, RNC, Republican Party, CBS, Cricket, North, “ Locations: Florida, North, South Carolina, Israel, ”, United States, Dakota, South Dakota, Noem, North Korean

No deaths or serious injuries have been reported, Harris County Judge Lina Hidalgo told CNN, adding 153 pets have also been rescued during the deluge. Forecast calls for rain Sunday into MondayMost of the weekend’s rain fell over western and central Texas, but there’s a significant chance of heavier rain in the greater Houston area Sunday. An additional 1 to 3 inches of rainfall possible by Monday morning, according to the Houston National Weather Service office. Rainfall today will continue to exacerbate existing river flooding,” warned the Houston weather service office. The weather service listed some of the rainfall totals it collected:Groveton, TX- 23.56”Huntsville, TX- 21.76”Splendora, TX- 21.01”Willis, TX- 20.75”Livingston, TX- 18.42”There is relief on the horizon, however.

Persons: Lina Hidalgo, It’s, ” Hidalgo, “ We’re, Brent Taylor, CNN’s Amara Walker, “, ” Taylor, “ There’s, ‘, I’m, ”, Willis, Hurricane Harvey, Jason Fochtman, ” Emmitt Eldridge, ” Sherri Pegoda, Walker, Greg Abbott Organizations: CNN, Houston Office, Emergency Management, Houston Police, Houston Fire, Houston Public Works Department, Houston National Weather Service, Houston, Panhandle, West Lake Houston, Houston Chronicle, Texas, Gov Locations: South Texas, Harris County , Texas, Houston, Harris, City, Texas, , TX, Huntsville , TX, TX, Willis , TX, Livingston , TX, Gulf, East Texas, Hurricane, Lake Houston, West Lake, Kingwood, Atascocita, Kingwood , Texas, San Jacinto, Walker County, Polk County, Montgomery counties

☆ 'A lot to be done' with improving BNSF Railway operations, says Berkshire's Greg Abel
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'A lot to be done' with improving BNSF Railway operations, says Berkshire's Greg AbelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers shareholder question about BNSF Railway performance issues.

Persons: Greg Abel Berkshire Hathaway, Warren Buffett, Buffett Organizations: Railway, Berkshire Hathaway, BNSF

☆ Berkshire board member Ron Olson says Greg Abel has the ability to make quick and solid judgments
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire board member Ron Olson says Greg Abel has the ability to make quick and solid judgmentsBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Berkshire Hathaway board member Ron Olson sits downs with CNBC's Michael Santoli and Becky Quick to discuss Warren Buffett’s successor, how the board sees Greg Abel, and more.

Persons: Ron Olson, Greg Abel, Berkshire Hathaway, Warren Buffett, CNBC's Michael Santoli, Becky Quick, Warren Buffett’s Organizations: Berkshire Hathaway, Berkshire Locations: Berkshire

☆ Warren Buffett accidentally refers to Greg Abel as Charlie Munger during 2024 Berkshire meeting
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett accidentally refers to Greg Abel as Charlie Munger during 2024 Berkshire meetingBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Warren Buffett, Greg Abel, Charlie Munger Organizations: Berkshire Hathaway Locations: Berkshire

☆ Warren Buffett holds first Berkshire Hathaway meeting without Charlie Munger
▼ + stars: | 2024-05-04 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +3 min

Buffett will appear for the first time without his longtime business partner and friend Charlie Munger, who died in November. In 1978, Munger joined Berkshire Hathaway as vice-chairman and sat by Buffett’s side, quick with a quip or a sage piece of advice. Berkshire’s operating profits are expected to increase by 21% to $6,702 per Class A share, according to the FactSet estimates. Berkshire Hathaway reported a significant uptick in fourth-quarter operating earnings, which totaled $8.5 billion, up from $6.6 billion, or a 28% increase from a year ago. For the year, operating earnings rose to $37.3 billion, after setting a record of $30.8 billion in 2022.

Persons: Warren Buffett, Buffett, Charlie Munger, Greg Abel, Ajit Jain, Munger’s, Munger, ”, “, Charlie, Berkshire Hathaway, “ Charlie, Abel, Greg, ” Buffett, “ Greg Organizations: New, New York CNN, Berkshire Hathaway, Oracle, “, Berkshire Locations: New York, Woodstock, Nebraska, Berkshire, Omaha, “ Berkshire, The Omaha , Nebraska

☆ Buffett and Greg Abel address questions about Berkshire Energy and risks from 'public power' model
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuffett and Greg Abel address questions about Berkshire Energy and risks from 'public power' modelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Buffett, Greg Abel, Berkshire Hathaway, Warren Buffett Organizations: Berkshire Energy, Berkshire, Berkshire Hathaway

☆ Real estate agents will continue to pay a key role despite settlements, says Berkshire's Greg Abel
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate agents will continue to pay a key role despite settlements, says Berkshire's Greg AbelBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting.

Persons: Greg Abel Berkshire Hathaway, Warren Buffett Organizations: Berkshire Hathaway

☆ Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone
▼ + stars: | 2024-05-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway's investing decisions when the Oracle of Omaha is no longer at the helm. Berkshire investing managers, Todd Combs and Ted Weschler, both former hedge fund managers, have helped Buffett manage a small portion of the stock portfolio (about 10%) for about the last decade. There was speculation that they may take over that portion of the Berkshire CEO role when he is no longer able. But it seems, based on Buffett's latest comments, that Abel will have final decisions on all capital allocation — including stock picks. Berkshire acquired MidAmerican Energy in 1999 and Abel became CEO of the company in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.

Persons: OMAHA , Nebraska — Warren Buffett, Greg Abel, Greg, Buffett, Abel, Charlie Munger, you've, Todd Combs, Ted Weschler Organizations: Berkshire, Oracle, Apple, MidAmerican Energy, Berkshire Hathaway Energy Locations: OMAHA , Nebraska, Omaha, Berkshire

Berkshire Hathaway Chairman and CEO Warren Buffett on Saturday addressed losses tied to bets on Paramount Global , as well as his reasoning behind slashing the company's Apple stake by 13% . Buffett opined that trimming the company's stake in Apple was in part due to tax reasons after the stock roared in 2023. Coca-Cola, Apple Buffett said Apple and Coca-Cola will remain premier holdings in Berkshire's portfolio. American Express The "Oracle of Omaha" highlighted credit card firm American Express as another favorite, noting the company's growing position in the consumer credit sector. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.

Persons: Warren Buffett, Buffett, we've, Apple Buffett, BYD Buffett, Charlie Munger, Charlie, BYD, Munger, Cash, Treasurys Buffett, Greg Abel Organizations: Berkshire Hathaway, Paramount Global, Apple, Paramount, Express, American Express, Oracle, American, Costco, Berkshire, CNBC Locations: Omaha, Costco . Berkshire, Omaha , Nebraska

☆ Successor Greg Abel will have a more hands on approach with managers, says Buffett
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuccessor Greg Abel will have a more hands on approach with managers, says BuffettBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Buffett answers an audience about how operations have changed under new Berkshire management.

Persons: Greg Abel, Buffett, Buffett Berkshire Hathaway, Warren Buffett Organizations: Buffett Berkshire, Berkshire Hathaway Locations: Berkshire

☆ Greg Abel looks like perfect 'sequential partner' to follow Buffett, says Neuberger's Dan Hanson
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreg Abel looks like perfect 'sequential partner' to follow Buffett, says Neuberger's Dan HansonBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Dan Hanson, Neuberger Berman senior portfolio manager, speaks with CNBC's Michael Santoli about his takeaways from the 2024 Berkshire annual meeting.

Persons: Greg Abel, Buffett, Neuberger's Dan Hanson Berkshire, Warren Buffett, Dan Hanson, Neuberger Berman, CNBC's Michael Santoli Organizations: Neuberger's Dan Hanson Berkshire Hathaway, Berkshire Hathaway Locations: Berkshire

☆ China is building a huge network of satellites that could be used against US troops: intel chief
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

China has developed a large network of military satellites. AdvertisementChina has developed a network of hundreds of military satellites that could be used to target US troops, a Pentagon official warned. Maj. Gen. Greg Gagnon, deputy chief of space operations for intelligence, told a conference on Thursday that China had developed a sophisticated military satellite program. He said it could be used to track and target US troops moving to defend Taiwan, Defense One reported. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added.

Persons: —, Greg Gagnon, Gagnon, we're, America —, Troy Meink, Space.com, Meink Organizations: Pentagon, Service, Defense, National Reconnaissance Office Locations: China, Taiwan, America, Colorado

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