🚀 Berkshire Hathaway falls on Buffett retirement news

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Berkshire Hathaway shares slid over 3% Monday after Warren Buffett, 94, announced he will step down as CEO on January 1, 2026, with Vice Chairman Greg Abel set to take over, marking the end of Buffett’s 60-year reign. The leadership transition, revealed at the close of Berkshire’s annual meeting, comes as the conglomerate faces a 14% drop in quarterly operating earnings, including a $1.1 billion insurance hit from Southern California wildfires. Despite the dip, analysts largely welcomed the planned handoff and noted Berkshire’s strong fundamentals and culture are expected to remain intact under Abel’s leadership.

2. Skechers will be taken private by 3G Capital in a $63-per-share deal valuing the footwear giant at a 30% premium, ending its 26-year run on public markets and sending shares up over 25% Monday. Despite recent tariff challenges and macroeconomic uncertainty—factors that led Skechers to withdraw its 2025 guidance—the company emphasized its strong international presence and long-term potential. CEO Robert Greenberg will remain in place post-acquisition, as 3G Capital, known for backing major consumer brands, bets on Skechers' continued global growth despite current trade tensions.

3. Hollywood stocks dipped Monday morning after Donald Trump proposed a 100% tariff on films produced abroad, labeling foreign production tax incentives a "national security threat." Shares of Netflix, Disney, Warner Bros. Discovery, Paramount, and Comcast all briefly declined before rebounding, as investors grappled with the unclear scope and enforcement of such a tariff. Analysts noted that studios often film overseas for tax or creative reasons, and many projects are already internationally based or produced by third parties, making implementation complex. The move also risks international backlash, threatening Hollywood’s access to global markets.

4. Headlines

   1. Bill Ackman predicts that Berkshire Hathaway will start paying dividends and launch a share buy-back program after Warren Buffett’s retirement.

   2. Despite his retirement, Buffett will remain as Chairman of Berkshire Hathaway after the company’s board voted to retain him.

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Onwards and Upwards,

Liam Gill