Warren Buffett Leaves Berkshire Hathaway Chair Post After Decades

Billionaire investor Warren Buffett has stepped down as the chairman of Berkshire Hathaway. He held this position since the year 1970. Following his departure, the company has named his son to take his place as the new chairman. The major leadership change marks the end of an era for the long-running firm. Wall Street saw a bounce back amid the broader financial news cycle.