Warren Buffett steps down as Berkshire Hathaway chairman, son Howard takes over

Warren Buffett has stepped down from his role as chairman of Berkshire Hathaway, with his son Howard succeeding him in the position. Buffett leaves behind a legendary career in investing that built Berkshire Hathaway into a massive business empire over several decades. Financial markets reacted to the leadership change, and Wall Street bounced back following the announcement. The transition marks a major turning point for the company as leadership passes to the next generation.