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Key Points Greg Abel took over as CEO of Berkshire Hathaway at the start of 2026. Former CEO Warren Buffett became president of the board. It appears that Buffett continues to make investment decisions, with Abel focusing on managing Berkshire Hathaway’s sprawling business. The biggest change in years at Berkshire Hathaway(NYSE: BRKA)(NYSE: BRKB) occurred at…

Tesla will take the wraps off its production Cybercab purpose-built robotaxi in Austin later today, marking a potential turning point for the company’s self-driving ambitions. Tesla’s Cybercab is a two-seat EV with scissor-like doors and no steering wheel or pedals, designed to run entirely on Tesla’s Full Self-Driving software. The production version will likely look…

President Donald Trump has dropped another clunker in the laps of his fellow Republicans in the run-up to the 2026 midterm elections. His new trade war with Canada and his related move to change the name of Lake Ontario to “Lake America” are the latest in a series of unpopular actions. In fact, new polling…

Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting…

Steel and aluminum stocks surged and then retreated last week as the escalating trade war between the United States and Canada sent investors scrambling to reprice exposure to North American metals supply chains. SLX gained 1.6% on Monday, Aug. 25, following the breakdown of U.S.-Canada trade talks, and the State Street Materials Select Sector SPDR…

4. Bonds Over the long term, accumulating wealth is the primary focus. But once you’ve built that wealth and are closer to retirement age, bonds — which are loans to a company or government — can help you stay wealthy. There are three main kinds of bonds: For most investors, the best way to go…

Non-resident Indians continue to be a meaningful part of the Indian mutual fund ecosystem, with the UAE, US, UK and Singapore remaining the largest sources of such investment year after year. The Reserve Bank of India (RBI) has released the findings of its 2025-26 Survey of Foreign Liabilities and Assets of Mutual Funds, and the…

The most recent communication from US Federal Reserve chairman, Kevin Warsh, indicates rate rises may be on the agenda, according to Rupert Thompson, chief economist at IBOSS.  He said that while events in Iran have been significant, “Markets, however, were arguably more concerned last week with events in Wyoming than the Strait of Hormuz. “After…

Quick Read Tesla posted record Q2 deliveries of 480,126 vehicles and 25% revenue growth, yet EPS of $0.33 missed the $0.54 consensus by 39%. At 371 times earnings with a 1.4% operating margin and negative free cash flow, Tesla’s valuation demands flawless execution on robotaxis and Optimus. Analyst estimates cut Tesla’s 2026 EPS forecast 17%…

Key Takeaways Table of Contents TSLA shares climbed 18.2% during August, propelled by positive robotaxi developments Clark County, Nevada expanded its Cybercab vehicle authorization from 10 to 5,000 units Second quarter earnings per share of $0.33 fell short of the $0.50 forecast, while revenue increased 25.5% annually to $28.24 billion Wall Street analysts maintain a…