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By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about the loss of Buffett’s vision and star power. Following Buffett’s surprise announcement on Saturday that he would step down as chief executive by the end of the year, Berkshire shareholders and fans said the Omaha, Nebraska-based company will remain in … Read more…

By Ahmad Ghaddar, Maha El Dahan and Olesya Astakhova LONDON/DUBAI (Reuters) -OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand. Following an online meeting lasting just over an hour, the producer group announced the supply increase, saying the fundamentals of the oil market were healthy and inventories were low. … Read more…

By Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower interest rates. Trump insisted that his moves to upend the global trading system with higher tariffs would eventually make Americans rich, and insisted that a first-quarter contraction in the U.S. … Read more…

By Leah Douglas WASHINGTON (Reuters) – More than 15,000 U.S. Department of Agriculture employees have taken one of the Trump administration’s two financial incentive offers to leave the agency, according to a readout from a USDA briefing with congressional staff seen by Reuters.  The sum represents about 15% of the USDA’s total workforce. President Donald Trump’s administration has offered federal employees several months of pay and benefits if they opt to leave their jobs as … Read more…

By Jonathan Stempel and Suzanne McGee OMAHA (Reuters) -Warren Buffett offered a fervent defense of trade on Saturday, saying tariffs should not be a “weapon” and the United States would be better off if other countries shared its prosperity. Buffett spoke at Saturday’s annual meeting of his conglomerate Berkshire Hathaway, after a month when U.S. President Donald Trump’s tariff policies prompted big stock price declines and increased fears of recession. “Balanced trade is good for … Read more…

By Mike Stone WASHINGTON (Reuters) -The U.S. State Department approved a possible foreign military sale to Saudi Arabia of AIM-120C-8 Advanced Medium Range Air-to-Air Missiles and related support for $3.5 billion, the Pentagon said in a statement on Friday. The U.S. is poised to offer Saudi Arabia an arms package worth well over $100 billion during U.S. President Donald Trump’s visit to the kingdom in May. The Kingdom of Saudi Arabia requested 1,000 Advanced Medium … Read more…