bnsf railway

An Amtrak passenger train travelling from Los Angeles to Chicago struck a dump truck Monday in a remote area of Missouri, killing three people and injuring dozens more as rail cars tumbled off the tracks and landed on their sides, officials said.

Berkshire Hathaway's board has officially named Greg Abel as the next CEO, succeeding Warren Buffett by the end of 2026. Abel, currently vice-chairman overseeing non-insurance operations, will navigate the $900 billion conglomerate through global economic challenges. Buffett, 94, will remain chairman to ensure continuity, expressing confidence in Abel's leadership to maintain Berkshire's success.

Berkshire Hathaway's second-quarter profit plummeted 59% to $12.37 billion, impacted by a $3.76 billion writedown on its Kraft Heinz investment. Despite this setback, operating profit only marginally decreased to $11.16 billion, surpassing Wall Street expectations. While Buffett confirmed his eventual CEO departure and BNSF showed strong performance, the company's substantial cash reserves remain untouched due to high valuations.

Warren Buffett's Berkshire Hathaway has reached a cash reserve of $167.6 billion, surpassing Uber and Nike. Buffett's return of 4,400,000% outpaces S&P 500's 31,000% since 1965. The company's net assets reach $561 billion. The company has seen a dramatic increase in investment income, attributed mainly to the rising interest rates.

Warren Buffett is stepping down as Berkshire Hathaway's CEO by the end of 2025, with Greg Abel, a Canadian executive, appointed as his successor. Abel, currently overseeing Berkshire's non-insurance operations, will manage the company's diverse enterprises and substantial stock investments. He faces the challenge of maintaining Berkshire's decentralised structure and replicating Buffett's market performance.

Goods/freight train derailment leads to fuel fire near Arizona-New Mexico state line, prompting interstate closure and evacuations. No injuries reported. Amtrak services canceled, extensive traffic congestion. Ongoing investigation into the cause of the incident.

Heavy rainfall and flash flooding hit the South and Midwest, exacerbating flood conditions with over 12 inches of rain in Kentucky. Rising water levels caused evacuations and road closures, resulting in 16 deaths. Kentuck's major cargo centers may face disruptions. National Weather Service predicts prolonged flooding in several states due to saturated conditions.

Warren Buffett, the billionaire investor, has donated $6 billion worth of Berkshire Hathaway stock to charity, marking his largest annual contribution since 2006. The Bill & Melinda Gates Foundation received a significant portion, with the rest going to foundations run by Buffett's children. This donation brings Buffett's total charitable giving to over $60 billion.

Berkshire Hathaway is acquiring Occidental Petroleum's OxyChem division for $9.7 billion, a major deal potentially preceding Warren Buffett's retirement as CEO, with Greg Abel assuming leadership. This acquisition helps Occidental significantly reduce debt and strategically expands Berkshire's chemical portfolio, complementing its existing Lubrizol subsidiary. The transaction is set to conclude in the fourth quarter.

Berkshire Hathaway's shareholders are considering the company's future as Warren Buffett steps down as CEO, with Greg Abel endorsed as his successor. While stakeholders acknowledge stability under Abel, some express concern over the loss of Buffett's unique insight. The $1.16 trillion organization faces uncertainty regarding its trajectory post-Buffett, despite confidence in Abel's leadership and potential adjustments to business approaches.

Berkshire Hathaway reported a significant profit drop due to investment declines and insurance losses, notably from Geico, impacting Q1 earnings. Despite this, operating earnings also fell short of expectations, down 14%. Investors eagerly await Warren Buffett's insights, particularly regarding the company's record $347.7 billion cash reserve, signaling limited investment opportunities.

Warren Buffett will remain Berkshire Hathaway's chairman even after Greg Abel becomes CEO in 2026. The board's decision aims to reassure investors amidst economic uncertainties. Abel, 62, succeeds Buffett, who steps down by year-end. Despite this news, Berkshire Hathaway's shares dropped. Buffett transformed the company into a conglomerate with holdings like Dairy Queen and bnsf railway.

Berkshire Hathaway has made a significant multibillion-dollar investment in Alphabet, while trimming its Apple holdings. This marks a notable shift for Warren Buffett's investment strategy, with Alphabet now a substantial position. The company also reduced its stake in Bank of America and exited DR Horton, as its cash reserves reach a record high ahead of leadership transition.