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Singapore's ruling People Action Party expectedly returned to power in a landslide victory in the country's 14th general election.The PAP bagged 87 seats in the 97-seat parliament, while the main opposition Workers Party held on to its 10 seats in an election that saw a record-low turnout of 92.47%, according to domestic media. Voting in Singapore is compulsory for citizens above 21. Votes were cast for 92 seats, after the PAP won five seats in a walkover on Nomination Day on April 23. The ruling party also increased its vote share, garnering 65.57% of the national vote compared to the 61.2% seen in the 2020 election.

Microsoft CEO Satya Nadella on Tuesday said that as much as 30% of the company’s code is now written by artificial intelligence. “I’d say maybe 20%, 30% of the code that is inside of our repos today and some of our projects are probably all written by software,” Nadella said during a conversation before a live audience with Meta CEO Mark Zuckerberg. The pair of CEOs were speaking at Meta’s inaugural LlamaCon AI developer event in Menlo Park, California. Nadella added that the amount of code being written by AI at Microsoft is going up steadily.

Introverts are incredibly successful in how they communicate, says psychology expert Stefan Falk, who has spent 30 years coaching CEOs. He shares the top phrases introverts use that set them apart from extroverts.

OMAHA, Neb. — Berkshire Hathaway shareholders who came from around the world to Omaha for the conglomerate's annual meeting this weekend had no idea how historic this year's event would be. Warren Buffett, the billionaire and CEO who turned what was once a failing Massachusetts textile company into a $1.2 trillion titan, announced his intention to step down by the end of the year. The news astonished investors, whom Buffett has long characterized as partners in his value investing mission. "I'm stunned," said Jim Ross, a bookstore manager and shareholder who lives four doors down from the "Oracle of Omaha" in the Dundee–Happy Hollow neighborhood of Omaha.

OMAHA, Neb. — Berkshire Hathaway CEO Warren Buffett shocked shareholders during the conglomerate's annual gathering on Saturday by announcing his intention to step down. For hours before that, the billionaire touched on a wide range of topics across the business and political spheres. Here's some of the biggest takeaways from Buffett's 4.5-hour question-and-answer session:

Berkshire Hathaway CEO Warren Buffett on Saturday said that if you find people who are "wonderful" to work with, that's the "place to go." Buffett warned to be careful who you work for because "you will take on the habits of the people around you." More details: cnb.cx/4jBmtzT

Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year-end. CNBC's Mike Santoli explains. Full details: cnb.cx/44nBvEP

Even as he signals the end of an era, Warren Buffett’s humor remains intact. Buffett announced on Saturday he will ask Berkshire Hathaways ’s board to make Greg Abel CEO of the conglomerate by year-end, leading to a standing ovation from the crowd and Abel. Soon after, Buffett joked: “The enthusiasm shown by that response can be interpreted two ways.” More details: cnb.cx/4j4oXGh

Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year-end. While Buffett is 94 and Abel was designated as CEO successor in 2021, it nonetheless came as surprise to the thousands of admiring shareholders gathered for this year's annual meeting in Omaha. Full details: cnb.cx/3YuzUt5

The Washington Commanders are headed back to the District of Columbia. The National Football League franchise announced Monday that it had struck a deal to relocate from its current stadium in Landover, Maryland, to Washington, D.C., on the grounds of Robert F. Kennedy Memorial Stadium, its home field from 1961 to 1996, which is currently being demolished. The Commanders will invest $2.7 billion into the site, while the city government will contribute $500 million from its existing funding for sports facilities.