Berkshire Hathaway reported a 40.6% increase in third quarter operating earnings, reaching 10.76 $1 billion. The company holds a record $157.2 billion in cash, as Warren Buffett found few dealmaking opportunities. Berkshire’s investment loss in the quarter was $24.1 billion, primarily due to a decline in its Apple stake.
General Motors plans to invest roughly $13 billion in U.S. facilities by April 2028. The United Auto Workers Union announced as part of its recent tentative agreement with the automaker.
Gen-Z is shifting from early retirements, saving to soft saving, focusing on personal growth and well-being. High living costs and discouragement due to inflation have made traditional retirement saving difficult.
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