Warren Buffett

Alphabet earnings miss hits Berkshire’s big bet

Warren Buffett's big late-career bet on Google's parent is now losing money. Alphabet shares fell about 10% in after-hours trading on Wednesday, October 28, after the company missed Wall Street's revenue and profit estimates, CNBC reported. That drop likely leaves…

Warren Buffett steps down as Berkshire chairman

Warren Buffett, the 96-year-old investor who built Berkshire Hathaway from a failing textile mill into a trillion-dollar conglomerate, announced Friday that he is stepping down as chairman, effective immediately. His son Howard Buffett, a company director since 1993, will succeed…