Berkshire Buoyed as U.S. Rebound Fires Up Manufacturers, Retail

Berkshire Buoyed as U.S. Rebound Fires Up Manufacturers, Retail

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. is reaping the benefits of the U.S. economic recovery. The conglomerate’s collection of manufacturers and retailers bounced back during the second quarter after being hit hard as the pandemic ripped through the U.S. last year. That group of businesses posted its second-highest quarterly profit in data going back…

Meet Greg Abel, the 58-year-old Berkshire Hathaway vice chairman just tapped as Warren Buffett’s successor (BRK.A, BRK.B)

Meet Greg Abel, the 58-year-old Berkshire Hathaway vice chairman just tapped as Warren Buffett’s successor (BRK.A, BRK.B)

Summary List PlacementBerkshire Hathaway held its annual shareholder meeting on Saturday, and Warren Buffett pointed to Greg Abel, the 58-year-old leader of Berkshire’s non-insurance businesses, as the next in line if the Oracle of Omaha steps down. “The directors are in agreement that if something were to happen to me tonight it would be Greg…