Warren Buffett

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U.S. investment firm Berkshire Hathaway plans to maintain its stakes in five major Japanese trading houses long term, even after CEO Warren Buffett's departure. Incoming CEO Greg Abel will uphold the strategy. Share prices have risen since the initial acquisitions in 2020.

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Warren Buffett's Berkshire Hathaway has made its largest stock purchase in years by acquiring additional shares in Occidental Petroleum. The investment increases Berkshire's stake in the energy company to nearly 30%. This move comes as Buffett, now 94, continues to build his position in the oil producer.

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