Buffett Munger BYD exits stake

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett. You can sign up here to receive it every Friday evening in your inbox.) Berkshire totally exits its profitable stake in Chinese EV maker Berkshire Hathaway has completely exited its extremely profitable equity investment in the Chinese electric vehicle maker BYD….

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Why the rich are propping up car sales

Car prices are still hovering near all-time highs, but one of the main reasons is that automakers are stacking their lineups with high-end vehicles. As of August, the share of new cars sold over $50,000 was almost double what it was in 2019, according to Cox Automotive. There were about 33 models for sale with a…

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Miran says he doesn’t see tariffs causing inflation, putting him in minority on Fed committee

Federal Reserve Governor Stephen Miran said Friday that he doesn’t anticipate President Donald Trump’s tariffs will have an inflationary effect on the U.S. economy. “I’m clearly in the minority in not being concerned about inflation from tariffs,” he said on CNBC’s “Money Movers.” “But that was also true in 2018-2019, and I think I probably…

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Hands-on with the Meta Ray-Ban Display glasses

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Ray-Ban Display AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images When it comes to the new $799 Meta Ray-Ban Display glasses, it’s the device’s…

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