Buffett Steps Down as Berkshire Chair as Stocks and Crypto Rise

Stock futures are pointing to a slightly higher open this morning as the market wraps up a volatile week of trading. The Nasdaq is on track to post weekly gains, while the S&P 500 and Dow enter the session down for the week.

Warren Buffett is stepping aside as chairman of Berkshire Hathaway's board, making way for his son Howard, who has been on the board since 1993. Berkshire shares have gained just 1% since the start of the year, when Buffett handed over the CEO reins to Greg Abel.

Crypto stocks are rising alongside Bitcoin, which is trading at $78,000 after falling to an overnight low of $76,200. The sector got a boost yesterday as the Securities and Exchange Commission issued new rules for the crypto industry.

Apple's new lineup, including the iPhone 18 Pro and Pro Max, Apple Watch Series 12 and Ultra 4, and AirPods 5, is available today. This marks the company's first big test under new CEO John Ternus.