Cryptocurrencies will come to a bad end ―Warren Buffett

Warren Buffett Chairman and CEO of Berkshire Hathaway

Ajit Jain, head of Berkshire Hathaway Reinsurance Group, on April 30, 2016 at the annual meeting of Berkshire Hathaway in Omaha, Neb.

Berkshire's board will grow to 14 members from 12 with the addition of Abel and Jain.

Buffett said he had no idea about how or when things would go bad for Bitcoin and other cryptocurrencies, however: "When it happens or how or anything else, I don't know".

He said his company, Berkshire Hathaway, does not own any Bitcoin futures, nor is it taking a short position for Bitcoin or other cryptocurrencies.

Abel, now chairman and CEO of Berkshire Hathaway Energy, will assume the role as vice chairman of non-insurance business operations.

He declined to say how long he expected to remain at the helm but said: "Ten years would be a long time".

Oil Prices Hit Three-Year Highs on Growth, Geopolitics
The agreement, which was implemented at the start of 2017, was meant to rein in the global supply glut and raise prices. West Texas Intermediate (WTI) crude futures had risen to US$61.67 a barrel by 9:22 a.m.

American Red Cross makes urgent request for blood and platelet donations
A local organization is seeking blood donors after their supply dipped extremely low at the start of the new year. More than 150 drives were canceled across the country, including 10 in NY just last week.

President Trump Signs Order Disbanding Voter Fraud Commission
Jon Husted has said voter fraud does exist in OH , but it's rare. The email's subject line was "Dissolution of the Commission". Undoubtedly, this is the case in most other states.

"I love what I do at Berkshire", he said.

Buffett, 87, who was treated for prostate cancer some years ago, described himself in "remarkably good health" in the CNBC interview.

Abel, who grew up in Alberta, Canada, joined Berkshire Hathaway Energy in 1992.

In late-morning trading, Berkshire Class A shares rose $2,010 to $306,530 and its B shares rose $1.61 to $204.63. His Iowa-based unit now runs several power companies in the United States, Canada and Britain, as well as natural gas pipelines and solar and wind farms. He now serves as executive vice president of National Indemnity Co. "Why in the world should I take a long or short position in something I don't know anything about?"

Mr Buffett told CNBC that the changes should be nearly imperceptible from the outside. But Greg Abel and Ajit Jain will also become vice chairmen and take on more duties. Over the last decade, Berkshire's Buffett brought in two hedge fund managers, Ted Weschler and Todd Combs, for investing in publicly traded stocks. He now serves as executive vice president of National Indemnity Co.