CNBC

When Warren Buffett relinquishes the CEO title at Berkshire Hathaway, he’ll leave investors with decades of outsized returns. Buffett shocked the investing world with a surprise announcement that he intends to step down from the chief executive post by year-end after six decades. The stock’s performance shows a legacy of moves under Buffett that has allowed Berkshire’s stock to run circles around the broader market — even when including dividends. In other words, the proof is in the pudding. More: cnb.cx/3EZvx2w

The insurance industry is finding itself in the midst of a major digital transformation, known as insurtech. Against the background of this shift, CNBC, together with market research firm Statista, has listed the top 150 insurtech companies globally.

Saudi Aramco's first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for the same period last year, the company reported. The figure was slightly above analyst expectations of $25.3 billion. Aramco announced its free cash flow for the quarter at $19.2 billion, down from $22.8 billion in the first quarter of 2024, and cash flow from operating activities at $31.7 billion compared to last year's $33.6 billion.

Six years after Aaron Levie dropped out of college to start a business in his parents’ attic with three friends, he faced a decision so nerve-wracking that he spent months “freaked out” and sleepless, he says. The company was Box, a provider of cloud-based content management and file-sharing tools now based in Redwood City, California. And the decision revolved around a $600 million acquisition offer the four co-founders received from a business called Citrix, a larger rival at the time. The question facing the co-founders was simple: Accept the offer or turn it down, betting that they could eventually build Box into something bigger than $600 million? Levie, now 40, vividly remembers the “volatile” few months he spent debating the pros and cons. Read more: cnb.cx/4cU87Z0

Sardinia has white beaches, turquoise sea and plenty of watersports, rather like the Maldives. And it's possible to travel inexpensively there too.

Somerset House is known for its ice rink and movie screenings — but hundreds of artists work there too. In 2025, it will mark 25 years as a cultural center.

Tesla owners and investors once believed the company and CEO Elon Musk were changing the world. Now many are selling their cars and dumping stock. Today, disappointed fans trying to unload their cars find that used Tesla vehicles have plummeted in value. And investors find that Tesla shares, which reached an all-time high in the wake of the 2024 election, have fallen by more than 20% since the beginning of the year.

When we encounter a rude person, our first instinct might be to fire back with a snarky comment. But that's not the right move, says public speaking expert John Bowe. Here's the perfect response to instantly shut down rude behavior.

Warren Buffett plans to hand over the reins of Berkshire Hathaway at the end of 2025 to Greg Abel, who has been working for the legendary investor for more than two decades and has a long track record as a business operator in his own right. Abel has been on Berkshire Hathaway’s board since 2018, and his current title is vice chairman of non-insurance operations. That role puts Berkshire’s businesses in areas like utilities, railroads and retail in his purview. The utility and energy industry is where Abel, 62, cut his teeth before becoming Buffett’s right-hand man. He first joined Berkshire when Buffett’s firm struck a deal for a controlling stake in MidAmerican Energy, where Abel was an executive, in 1999. He later served as the CEO of that company, which was renamed Berkshire Hathaway Energy.

The Trump administration suggested Saturday that New Jersey Democratic lawmakers involved in a clash a day earlier with authorities at a federal immigration detention center that led to the arrest of Newark Mayor Ras Baraka also could face criminal charges. "There will likely be more arrests coming," Department of Homeland Security spokesperson Tricia McLaughlin told CNN in an interview on Saturday. "We actually have body camera footage of some of these members of Congress assaulting these ICE enforcement officers, including body slamming a female ICE officer," McLaughlin said.