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Berkshire after Buffett: CEO Greg Abel signals patience on record cash pile | World News

Ravi Singh2 days ago03 mins

In his first annual meeting as Berkshire Hathaway’s CEO, Greg Abel assured the shareholders that he will invest wisely and manage the $1.02 trillion conglomerate’s cash stake without the burdens of bureaucracy. Abel, 63, addressed shareholders in Omaha, Nebraska, four months after taking over as chief executive officer from Buffett, the investor…

The market powered through a tough earnings week, we’re not ‘out of the woods yet’

Ravi Singh4 days ago03 mins

CNBC’s Jim Cramer said the market just powered through the toughest week of earnings “with flying colors,” but warned that next week could be even more treacherous. “All the big techs did well … Everything connected with the data center went bonkers,” the “Mad Money” host said. However, he cautioned against complacency. “That doesn’t mean…