Warren Buffett, 94, announces retirement from Berkshire Hathaway
The veteran investor known as the Sage of Omaha told his company’s annual meeting that he would hand over the reins to Vice-Chairman Greg Abel.
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Financial markets have become a bulwark against populist excesses
Custodians of global wealth have reacted with anger at attempts by people like Trump and Truss to revolutionise the economy
You say you want a revolution, sang the Beatles back in 1968. And that seems to be the interpretation of electoral results across the industrialised world.
From the seismic shifts in recent US and German elections to the rise of Reform and the Green party in the UK, electorates are signalling that they reject the status quo.
Saudi-led Opec+ expands production despite falling oil prices
Oil cartel agrees to add 411,000 barrels a day for the second consecutive month
Reeves’ pension overhaul smacks of ‘desperation’, says shadow chancellor
Mel Stride’s comments come as funds warn plans to make them invest more in UK could leave members worse off
Trump’s promised ‘golden age’ for the US economy is off to a chaotic start
Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertainty
Donald Trump promised to usher in a new “golden age” for the US economy – one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.
Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity.
Private equity’s bind should prompt an investor rethink
Returns are likely to be lower in a world of weaker growth, higher interest rates and a slump in dealmaking