Trump will have a lot to brag about when the government reports GDP growth on July 27.Read More »
Tesla CEO Elon Musk has tried to correct the record after an analyst report surfaced on Thursday saying his Model 3 is in trouble. In a tweet late on Thursday, Musk called an analyst report that said Model 3 cancellations are double today where they were last year at the same time and higher than orders “bs.” Musk added that last week, Tesla had 5,000 Model 3 “new net orders.” Net orders refers to total orders, less cancellations.
Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) jumped more than 5% July 18 on the news Warren Buffett and Charlie Munger have reconsidered their stance on Berkshire Hathaway stock repurchases, something many large investors have been clamoring for it to do. Up until the surprise announcement, Berkshire Hathaway could only buy back its stock at 1.2 times book value or less than that, a multiple it hasn’t seen since 2012. “It’s a somewhat significant change,” said Steven Check, president of Check Capital Management Inc in Costa Mesa, California.
While it doesn’t seem like it, saving for retirement is easy. You set aside a certain amount each month, or each paycheck, and invest it in your IRA or 401(k). That is, of course, an oversimplification. But once you retire and need to figure out how