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commerce
shāng yè
商业
·HSK 4

Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
to publish / to release
fābiǎo
发表
first (letter)
shǒu fēng
首封
Berkshire Hathaway
Bókèxīěr Hāsāwéi
伯克希尔哈撒韦
shareholder letter
gǔdōng xìn
股东信

Berkshire Hathaway
Bókèxīěr Hāsāwéi
伯克希尔哈撒韦
newly appointed
xīnrèn
新任
CEO
shǒuxí zhíxíng guān
首席执行官
Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
on (date)
February 28th
èr yuè èrshíbā rì
二月二十八日
to publish
fābiǎo
发表
(completion particle)
le
his
tā de
他的
first
shǒu fēng
首封
annual
niándù
年度
shareholder letter
gǔdōng xìn
股东信
he
to pledge / to commit
chéngnuò
承诺
to continue
yánxù
延续
Warren Buffett
Wòlún Bāfēitè
沃伦·巴菲特
founded
chuànglì
创立
(particle)
de
conservative
bǎoshǒu
保守
investment
tóuzī
投资
culture
wénhuà
文化

February 28, 2026 at 8:00 PM

Berkshire Hathaway
Bókèxīěr Hāsāwéi
伯克希尔哈撒韦
newly appointed
xīnrèn
新任
CEO
shǒuxí zhíxíng guān
首席执行官
Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
recently
jìnrì
近日
to publish
fābiǎo
发表
(completion particle)
le
his
tā de
他的
first
shǒu fēng
首封
annual
niándù
年度
shareholder letter
gǔdōng xìn
股东信
Greg Abel (Berkshire Hathaway CEO)
Greg Abel
Greg Abel
at the start of
early 2026
èr líng èr liù nián chū
2026年初
officially
zhèngshì
正式
to succeed / to replace
jiētì
接替
Warren Buffett
Wòlún Bāfēitè
沃伦·巴菲特
to serve as
dānrèn
担任
company
gōngsī
公司
CEO
shǒuxí zhíxíng guān
首席执行官
the position of
yī zhí
一职
in
zài
the letter
xìn zhōng
信中
he
pledged
chéngnuò
承诺
to continue
yánxù
延续
Buffett
Bāfēitè
巴菲特
(particle)
de
conservative
bǎoshǒu
保守
investment
tóuzī
投资
culture
wénhuà
文化
and
bìng
stating
chēng
this
zhè yī
这一
culture
wénhuà
文化
will
jiāng
forever
yǒngyuǎn
永远
to continue
chíxù
持续
he
stated
biǎoshì
表示
company
gōngsī
公司
will
jiāng
to adhere to
jiānchí
坚持
prudent / careful
shěnshèn
审慎
to assess
pínggū
评估
value
jiàzhí
价值
patiently
nàixīn
耐心
to act
xíngdòng
行动
and
bìng
prefer to
qīngxiàng yú
倾向于
long-term
chángqī
长期
to hold
chíyǒu
持有
investments
tóuzī
投资
currently
mùqián
目前
company
gōngsī
公司
holds
chíyǒu
持有
(particle)
de
cash
xiànjīn
现金
and
US Treasury bonds
Měiguó guózhài
美国国债
already
exceeds
chāoguò
超过
$370 billion
sānqiān qībǎi yì měiyuán
3700亿美元
Abel (Greg Abel)
Abel
Abel
also
hái
announced
xuānbù
宣布
he
will
jiāng
personally
qīnzì
亲自
to be responsible for
fùzé
负责
company
gōngsī
公司
stocks
gǔpiào
股票
investment portfolio
tóuzī zǔhé
投资组合
(particle)
de
management
guǎnlǐ
管理
Buffett
Bāfēitè
巴菲特
currently
mùqián
目前
still
réng
serves as
dānrèn
担任
company
gōngsī
公司
chairman of the board
dǒngshìzhǎng
董事长
position
yī zhí
一职
but
dàn
has already
stepped down from
xièrèn
卸任
CEO
shǒuxí zhíxíng guān
首席执行官
duties / position
zhíwù
职务

News in English

Business

Greg Abel Releases First Berkshire Hathaway Shareholder Letter as CEO

Newly appointed Berkshire Hathaway CEO Greg Abel released his first annual shareholder letter on February 28. He pledged to continue the conservative investment culture founded by Warren Buffett.

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Měi Yī
美伊
ceasefire
tínɡhuǒ
停火
news / information
xiāoxi
消息
to come in / to arrive (news)
chuánlái
传来
international
ɡuójì
国际
oil price
yóujià
油价
May
5 yuè
5月
to drop sharply / to fall significantly
dàdiē
大跌
17 percent
17%
17%

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Snowflake (cloud data company)
Snowflake
Snowflake
quarterly / fiscal quarter
jìdù
季度
revenue / earnings
yínɡshōu
营收
to exceed / to surpass
chāochū
超出
expectations / forecast
yùqī
预期
and / also
bìng
with
Amazon
Yàmǎxùn
亚马逊
to sign / to conclude
qiānshǔ
签署
$6 billion
60 yì měiyuán
60亿美元
agreement / deal
xiéyì
协议

Snowflake Quarterly Revenue Beats Forecasts and Signs $6 Billion Amazon Deal

China
Zhōngguó
中国
April
sì yuè
四月
industrial / industry
gōngyè
工业
profit
lìrùn
利润
to grow / growth
zēngzhǎng
增长
24.7 percent
24.7%
24.7%

China Industrial Profits Surge 24.7 Percent in April, Fastest Gain in Over Two Years

Meta (company name, formerly Facebook)
Meta
Meta
to lay off employees / layoffs
cáiyuán
裁员
8,000 people
bā qiān rén
八千人
to accelerate / to speed up
jiāsù
加速
toward / to
xiàng
artificial intelligence
réngōng zhìnéng
人工智能
business / operations
yèwù
业务
to transform / transformation
zhuǎnxíng
转型

Meta Cuts 8,000 Jobs in Sweeping Restructuring Toward AI