Warren Buffett critiques bank failures and expresses optimism for U.S. economy at Berkshire meeting.

Warren Buffett criticized the handling of recent banking failures and warned of potential "turmoil" in the financial system due to a debt ceiling showdown, while expressing confidence in the US and his conglomerate Berkshire Hathaway. He also defended the size of Berkshire's $151 billion Apple investment and said a majority of its operating businesses may fare worse in 2023 than in 2022. The meeting featured Buffett, 92, who is Berkshire's chairman and chief executive, and Vice Chairman Charlie Munger answering five hours of shareholder questions.