Warren Buffett's Berkshire Hathaway on Saturday posted a lower operating profit in the first quarter, dented by insurance losses from wildfires and foreign currency changes, while its cash stake grew to a record $347.7 billion.

Warren Buffett is ending his career as perhaps the world's most famous and revered investor, saying he will step down as chief executive of Berkshire Hathaway at the end of 2025, and hand over the reins to Vice Chairman Greg Abel.

Berkshire Hathaway Class B shares fell 2.2% in overnight trading.

Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time when demand is challenged by the drag from the trade war. Oil stocks dropped in overnight trading. ConocoPhillips fell 4%; Schlumberger and Halliburton fell 3%; Occidental and Chevron fell 2%; Exxon Mobil fell 1%.

Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter. BP shares rose 1.6% in overnight trading.

Crypto stocks dropped in overnight trading. CleanSpark, Riot Platforms, Hut 8, and MARA Holdings fell 2%; Strategy and Coinbase fell 1%.

WeRide said Friday it has rolled out a paid Level-4 autonomous robobus commercial service in central Guangzhou, China. The shares jumped another 10.2% in overnight trading after surged 11.7% on Friday.