Yahoo Finance's Julie Hyman breaks down the latest headlines on North Korea launching a test missile in Pacific, Meta consolidating offices in New York City, and Warren Buffett's successor Greg Abel increasing his stake in Berkshire Hathaway.
There's no guarantee these Buffett stocks will take off. But the chances appear to be pretty good.
Greg Abel, who is next in line to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive, spent more than $68 million on the conglomerate's shares last week, after selling his stake in the company's Berkshire Hathaway Energy unit for $870 million. In four regulatory filings, Abel, 60, said that on Sept. 29 he purchased 168 Class A shares of Berkshire, each costing more than $405,000, on behalf of a family trust.