Author: Max Smith

Berkshire Hathaway's (BRK-A, BRK-B) board position will look a bit different for its eldest son, Howard G. Buffett, once his legendary father, Warren Buffett, steps down as chairman.And he knows it will be a game changer for him, as he has frequently traveled the world for charity work alongside his daily routine as a farmer working his land.”I've been to something like 155 countries. And I travel a lot. I went to Ukraine five times in 2022, I'll go to the same place five times in 2023, and probably four or five times this year. So those are trips that…

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The Porsche (P.911.DE) 911 is being electrified for the first time in its 50-year history, with the iconic sports car set to get hybrid power later this year.Currently slated to be available only on the top-of-the-line 2025 911 Carrera GTS, the “T-Hybrid” system is quite unique in the automotive world: Porsche's setup includes two motors, one attached to the eight-speed PDK (dual-clutch) transmission and one attached to the car's turbocharger.”We developed and tested different ideas and approaches to determine the best hybrid system for the 911,” said Frank Moser, Porsche vice president and head of the 911 and 718 sports…

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DETROIT (AP) — Josef Newgarden continued his busy week on Saturday with a third-place qualifying finish at Detroit and a multi-year contract extension with Penske Racing.”I don't think words can describe what this felt like,” said Newgarden, who won his second consecutive title last weekend in the Indianapolis 500. “Team Penske has been my family for eight years and I can't imagine being anywhere else.”It's been a tumultuous year for Newgarden and Team Penske, after winning the 24 Hours of Daytona with the team, Newgarden won the season opener at St. Petersburg but was disqualified after three Penske cars were…

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Iga Swiatek is on a 15-match winning streak on clay [Getty Images]Defending champion Iga Swiatek returns to the French Open on Sunday when she takes on Russia's Anastasia Potapova and will surely be the favourite to win.Swiatek has won her last 17 matches at Roland Garros and is bidding to reach the quarterfinals for the fifth consecutive year.Last time out, the Polish top seed celebrated her 23rd birthday with a comfortable win over Czech Marie Bouzkova, while world number 43 Potapova beat China's Wang Xinyu in a hard-fought three sets to reach the fourth round for the first time.The match…

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Tobacco companies were once among the stock market darlings, churning out growing cash flows year after year and delivering big profits to long-term shareholders. But in recent years, that's changed.Over the past 10 years, British American Tobacco (NYSE: BTI) The company, one of the world's largest tobacco and nicotine companies, has a total return of minus 6%. S&P 500 The stock is up 231%, including the generous dividends paid to shareholders each quarter.Today, the company's dividend yield has risen to just under 10%.With tech stocks hitting new all-time highs, this forgotten tobacco giant is looking increasingly undervalued.Is British American Tobacco…

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Chi-Jin Tan/Getty Images/iStockphotoWhen your income drops dramatically, it's easy to panic. If you take a low-paying job or lose a major client, you may feel like the world has ended and have no idea what to do next.Thankfully, experts say there are plenty of steps you can take to maintain financial stability.Let's find out: How much savings does the average middle-class person have?Try this: 5 Unusual Ways to Make Money (That Actually Work)GOBankingRates spoke with Taylor Kovar, certified financial planner and founder and CEO of 11 Financial, and Scott Lieberman, financial expert and founder of Touchdown Money, to discuss the…

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Chi-Jin Tan/Getty Images/iStockphotoWhen your income drops dramatically, it's easy to panic. If you take a low-paying job or lose a major client, you may feel like the world has ended and have no idea what to do next.Thankfully, experts say there are plenty of steps you can take to maintain financial stability.Let's find out: How much savings does the average middle-class person have?Try this: 5 Unusual Ways to Make Money (That Actually Work)GOBankingRates spoke with Taylor Kovar, certified financial planner and founder and CEO of 11 Financial, and Scott Lieberman, financial expert and founder of Touchdown Money, to discuss the…

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