News Center - NorthAxis Wealth

Buffett’s quotes from Berkshire meeting: Stepping aside as CEO, trade, opportunities, United States

(Reuters) -Warren Buffett announced he would pass the reins as CEO to Vice Chairman Greg Abel, as he presided over his 60th Berkshire Hathaway (NYSE:BRKa) shareholder meeting on Saturday, giving views on everything from trade to investment opportunities for the conglomerate. The meeting comes against a backdrop of a rollercoaster start to the year from markets which have reacted to uncertainty ov ...

2025-05-05 10:32:23

Berkshire shareholders reject diversity, AI proposals

By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders on Saturday rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of seven proposals tied to diversity, artificial intelligence and other issues that were voted down. Shareholders also voted against a resolution that Berkshire report on how its business pract ...

2025-05-05 10:31:26

Russia stocks lower at close of trade; MOEX Russia Index down 2.80%

Investing.com – Russia stocks were lower after the close on Saturday, as losses in the Mining, Oil & Gas and Telecoms sectors led shares lower.At the close in Moscow, the MOEX Russia Index fell 2.80%.The best performers of the session on the MOEX Russia Index were PIK SHb PJSC (MCX:PIKK), which rose 1.43% or 6.30 points to trade at 448.30 at the close. Meanwhile, Polyus PJSC (MCX:PLZL) added ...

2025-05-05 10:30:28

Warren Buffett’s successor Greg Abel seen preserving Berkshire’s culture

By Koh Gui Qing and Jonathan Stempel OMAHA, Nebraska (Reuters) -When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway (NYSE:BRKa) at the end of this year, he is expected to preserve the culture at the behemoth even if he does not match the star power of his legendary boss. Abel, 62, now a Berkshire vice chairman, is expected by investors and analysts to uphold the $1.18 trillion ...

2025-05-05 10:28:48