According to The Kobeissi Letter, Warren Buffett has officially announced he will step down as CEO of Berkshire Hathaway by the end of 2025, concluding a 55-year tenure. This leadership transition is significant for traders, as Buffett's strategic investment decisions have historically influenced both Berkshire Hathaway's stock (BRK.A, BRK.B) and broader market sentiment. Traders should monitor potential volatility in Berkshire shares and related financial sector stocks, as uncertainty around succession and future investment strategies could trigger notable price movements. Source: The Kobeissi Letter (Twitter, May 3, 2025).