Warren Buffett’s company reported a steep drop in earnings as the value of its investment portfolio plunged even as its core businesses prospered. One headline from Saturday's annual shareholder's meeting in Omaha is that Berkshire sold off 13% of its stake in Apple. Nevertheless, tens of thousands of shareholders filling an Omaha arena took heart in a 39% jump in operating earnings for the many businesses the company owns. This year's meeting offered a fresh opportunity for shareholders to learn more about the company's emerging leaders. Future CEO Greg Abel and fellow Vice Chairman Afit Jain are helping Buffett field questions, a role previously filled by former Vice Chairman Charlie Munger, who died last fall. Read moreThousands pack Omaha arena to soak up guru investor Warren Buffett's wisdom

The King’s Trust has celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust. The organization marked the expansion of its work in the United States with a star-studded gala in New York City on Thursday night. The Prince’s Trust was founded in 1976 when then-Prince Charles used his severance pay from the Royal Navy to launch the nonprofit dedicated to helping unemployed young people in the United Kingdom get job training. Since then, the charity has expanded its education and employment initiatives into 25 countries, including the U.S., where it launched its first program in The Bronx last year. Read moreKing Charles' longtime charity celebrates new name and US expansion at New York gala