Berkshire Hathaway's profits rise 17% as Warren Buffett prepares to step down as CEO

Berkshire Hathaway's profits surge 17% as Warren Buffett prepares to step back, with a massive investment in OxyChem and a cash stockpile of $381.7 billion. Despite share price dip, operating earnings soar, driven by strong insurance performance and lower hurricane losses. As Buffett's successor, Greg Abel, takes the helm, investors eagerly await the company's future direction.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.