Here is the heat wave! Temperatures, after plunging into adolescents – and even lower with a cloud cover to start – increase again in the middle of the promise of more sun this weekend.
After this weather report, in the world of finance, many things have happened this week. Central banks called interest rateThe United States and China hold its first trade talks today in Switzerland, and the United Kingdom has become the first nation in Seal a trade agreement with the United States After President Trump's pricing policy, the world economy.
The United Kingdom has also signed a business with India, and mergers and acquisitions were at the point with Doordash (Dash) Accept to acquire Deliveroo (Roo.l) for $ 3.8 billion (2.9 billion pounds sterling) and associated British foods (Abf.l) Buy a national milk technology company Milk Records for 48 million pounds sterling. There were also shell reports (SHELL) Prepare a buyout offer for BP (BP.L), although the two refused to comment on this in Yahoo Finance.
A major The United Kingdom reflection group warned against tax increasesAffirming that Chancellor Rachel Reeves lacked choice and faced a calculation before the budget when the government may have to eliminate its self -imposed tax rules – thanks to a reduction in growth projections in the middle of global uncertainty.
Much to unpack, you see.
But before arriving at that, here is how Warren Buffett signed during the 60th annual meeting of shareholders of Berkshire Hathaway (BRK-B,, BRK-A) Last Sunday, indicating that it would be his last appearance as Chairman and Chief Executive Officer.
“This is the hook of news of the day,” said Buffett, 94, when he announced his retirement after six decades during which he transformed a textile company into difficulty that he took over in 1965 into a 1.12 TN giant.
In the meantime, the Berkshire class A shares price increased from $ 19 to $ 778,173 – amazing growth of 4,095,546%. To visualize this growth scale, imagine Berkshire as a medium -sized tree in 1965. It would have grown so high today that the summit would reach the international space station.
On this note, here are the strengths of the last seven days, plus an overview of the coming week.
Warren Buffett to resign as CEO of Berkshire Hathaway at the end of the year, Greg Abel to take over
Warren Buffett announced during the 60th annual meeting of shareholders of Berkshire Hathaway (BRK-B,, BRK-A) On Saturday May 3, he plans to hand over the reins at the end of the year.
“I think it's time that Greg (Abel) became managing director of the company at the end of the year,” said Buffett. “And I want to highlight the directors effectively and give this as my recommendation.”