Warren Buffett stepped down as Berkshire Hathaway chairman, succeeded by his son Howard. The 10-year Treasury yield reached 5% for the first time, pressuring the Dow (-0.4%) and Russell 2000 (-0.7%). Bitcoin surged near $81,000, lifting Robinhood (+9%) and crypto names. Biotech IPOs BraveHeart Bio and Odyssey Therapeutics each gained 5%. Chip-equipment stocks led sector gains, while the Conference Board's leading economic indicators fell 0.1% in August, missing expectations.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
