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Benzinga
  • 5 minutes ago
Berkshire Hathaway shares fell for eight straight sessions — down 13%+ since Buffett's retirement announcement — as Class A dropped 4.7% during the latest stretch. A bright spot emerged as its $1.8B stake in Japan's Tokio Marine surged 24%, now worth ~$2.3B after the two companies announced a long-term strategic partnership.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Berkshire Hathaway shares fell for eight straight sessions,
00:05marking the longest losing streak since December 2018, according to CNBC.
00:10Class A shares declined 4.7 percent, and Class B shares dropped 4.9 percent since March 17,
00:17while the S&P 500 fell 5.2 percent over the same period.
00:22Berkshire shares are down more than 13 percent since Warren Buffett said he would step down
00:27as CEO at the end of 2025.
00:29Berkshire Hathaway's new investment in Japan gained value as Tokyo Marine shares rose more than 24 percent
00:35after the company announced a $1.8 billion deal for a nearly 2.5 percent stake.
00:41The stake is now worth nearly $2.3 billion.
00:44Tokyo Marine said Berkshire's culture aligns with its own
00:48and that the investment establishes a long-term strategic relationship expected to drive growth for both companies.
00:54For all things money, visit Benzinga.com.
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