Warren Buffett’s Berkshire Hathaway posted a 4% drop in operating earnings to $11.2 billion in its first quarterly earnings report since the legendary investor revealed he plans to step down as CEO. Berkshire also sold a net $3 billion of stocks last quarter, purchasing $3.9 billion of shares but selling $6.9 billion worth. The disposals…
Another day, another deadline and another trade curveball from U.S. President Donald Trump just before the buzzer. The tariff deadline was set for August 1. Markets were watching. Countries were calculating. And then, right before midnight, came another announcement: 40% tariffs on transshipped goods, new rates for dozens of nations, and yet another reshuffling of Trump’s trade playbook. All…
RPG Group Chairman Harsh Goenka posted a clip of Amazon founder Jeff Bezos, who described the role of a CEO in identifying big ideas, enforcing execution, and nurturing future leaders. In a post on the social media platform X, Goenka shared a video of Bezos with the caption, “Role of CEOs …very succinctly put by…
George Hongchoy Kwok-lung has announced his retirement as CEO of Hong Kong-based Link Asset Management, ending a 16-year tenure amid mounting controversy over his pay package and recent lay-offs. Hongchoy, 63, would ensure a smooth transition at Link as it embarked on a search for his successor, Asia’s largest real estate investment trust said early…
The Hong Kong Science and Technology Parks Corp (HKSTP) has appointed Terry Wong Ping-sau as CEO, refreshing its top spot after nine years to drive the organisation forward amid advances in technology. Wong be replacing Albert Wong Hak-keung on August 1, the company said in a statement on Monday. He will bring 30 years of…
BEIJING CEO of Nvidia Jensen Huang, seen on screen, delivers a speech on stage during the opening ceremony of the third China International Supply Chain Expo, in Beijing, Wednesday, July 16, 2025. (AP Photo/Andy Wong) Nvidia CEO Jensen Huang called China‘s open-source artificial intelligence a “catalyst for global progress” and hailed the country’s innovation in the…
Berkshire Hathaway’s investors may be looking at the stock and wondering if the “Buffett premium” is real — and disappearing before their eyes. The “premium” refers to the long-standing view that Berkshire stock trades at a premium because of Warren Buffett’s legendary stock-picking skills, dealmaking prowess, and shrewd management, which saw him transform a failing…
Linda Yaccarino, the chief executive of social media site X, said Wednesday that she’s stepping down from her role after two years at the company. “When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company,”…
Elon Musk announced the formation of his new political party a day after conducting a poll on his social media platform, X. But this isn’t the first time Musk has outsourced his decision-making to social media. The Tesla and SpaceX CEO has conducted several polls on X over the years. Musk has asked users whether…
On Monday, Kering appointed a new CEO, Luca de Meo, who will join from carmaker Renault in September. The hope is that his experience from outside of the fashion industry could provide a welcome shake-up for the struggling conglomerate. Should other industry players follow suit? “To prepare this new step of our development, we need…