NEW YORK (AP) – Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring U.S. tax breaks for buyers and stiff overseas competition pushed sales down for a second year in a row.
NEW YORK (AP) – The top executive of the private company that owns Saks Fifth Avenue and Neiman Marcus is stepping down as it struggles with debt taken on to buy a rival almost two years ago. Saks Global Enterprises said Friday that the departure of CEO Marc Metrick is effective immediately, and will be replaced by Executive Chairman Richard Baker.
OMAHA, Neb. (AP) – The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s annual meetings.
Excerpts from recent editorials in the United States and abroad:
On New Year’s Day, Bulgaria will achieve its decades-old goal of joining the euro currency union and deepening ties with the more prosperous countries of Western Europe. Membership is expected to promote cross-border trade and investment, and the Bulgarian government pressed for years to get in.
DETROIT (AP) – Meta is buying artificial intelligence startup Manus, as the owner of Facebook and Instagram continues an aggressive push to amp up AI offerings across its platforms. The California tech giant declined to disclose financial details of the acquisition. But The Wall Street Journal reported that Meta closed the deal at more than $2 billion.
OMAHA, Neb. (AP) – Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffett later this week. Many regard Buffett as the world’s greatest investor after he grew Berkshire from a struggling New England textile mill that he starting buying up for $7.60 a share in 1962, to the massive conglomerate it is today.
I recently dug into the pros and cons of dividend reinvestment. Readers of the article sent me questions about other dividend-related topics. Here are some of the most common questions I got. Reinvesting dividends means purchasing additional shares, which can complicate sales or tax-loss harvesting in taxable accounts.
ROME (AP) – Italy’s Parliament on Tuesday approved the government’s 2026 budget, including deficit-cutting measures. The budget of about 22 billion euros ($25.9 billion) aims to reduce the 2026 deficit to 2.8% of gross domestic product, down from the previously targeted 3%, in line with the European Union’s demands.
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