📈 Warren Buffet's Favorite AI Stock

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Good Morning!

The central bank might be dusting off its interest rate-hiking boots, but hold onto your wallets because it's got a plot twist! CarMax stock just took us on a wild ride, and it's all in the latest episode of "Earnings Drama" - But don't worry; we've got the scoop.

And if you're in the mood for a little investment wizardry, we've got a tip hotter than a dragon's breath: there's a Warren Buffett-approved stock that might just sprout wings and soar 200% – and we've got all the deets.

Grab your venti, triple-shot, half-caf, soy milk, caramel drizzle latte with extra whipped cream and let's get into it! ☕️👇️
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Markets

Fed's Williams says central bank may be done with rate rises (2 minute read)
The head honcho at the Federal Reserve Bank of New York, John Williams, had some interesting things to say. He's basically telling us that the Fed might be tapping the brakes on those interest rate hikes. Why? Well, it seems like inflation, though still a bit naughty, is kind of inching its way back towards that 2% target the bigwigs love to talk about.

Williams even dropped a line like, "I expect we will need to maintain a restrictive stance of monetary policy for some time." Translation? They're not quite ready to let the monetary party run wild just yet.

Investing

1 Warren Buffett Stock to Buy Now Before It Soars 200% by 2028 (5 minute read)
Berkshire Hathaway, the brainchild of Warren Buffett, has a little slice of the pie in the data management and analytics wonderland known as Snowflake (SNOW). Now, why is this exciting? Well, in the AI world, data is gold, and Snowflake just happens to be the hotspot where all that precious data hangs out. According to the big boss, CEO Frank Slootman, Snowflake is like the superhero of AI, all set to fuel those supercharged AI tasks. So, could it be that your investment in this AI stock might just triple in the next five years?

CarMax Stock Drives 13% Lower After Q2 Revenue Takes Sharp U-Turn (2 minute read)
CarMax (KMX) had a bit of a rollercoaster ride with its fiscal second-quarter earnings report. The used-car retailer had its revenue drop by 13% compared to last year, which might not sound like a thrilling joyride, but hold on to your seats because they still managed to beat the consensus! Revenue came in at a cool $7.1 billion, a bit lower than before, but just sneaking past the $7.02 billion estimate.

Money

How To Afford a $1 Million House (5 minute read)
There are indeed more million-dollar homes popping up across the good ol' U.S. of A. According to Redfin's analysis, a whopping 8% of homes in the country are now on the market with price tags of $1 million or more. And who's to blame for this housing sticker shock? It's a thing called "inventory shortage" that's sending prices skyward. But fear not, aspiring homeowners!

GOBankingRates sat down with David A. Krebs, a mortgage pro who specializes in jumbo and super jumbo loans, to uncover the secrets of cracking the million-dollar club when that's the new norm in your neck of the woods.

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