Average prices on new and used vehicles have begun easing from their record highs, and more vehicles have become available at dealerships.

General Motors’ third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent parts supply chain troubles.

Warren Buffett's conglomerate has completed its largest acquisition in years with its $11.6 billion purchase of the Alleghany insurance conglomerate.

Billionaire Warren Buffett’s successor bought nearly $70 million worth of stock in the conglomerate he is slated to one day lead.

The major freight railroads say in a new report designed to put pressure on unions and Congress that a strike would cost the economy more than $2 billion a day and disrupt deliveries of all kinds of goods and passenger traffic nationwide if it happens after a key deadline passes next Friday without a contract agreement.

Warren Buffett’s company now has clearance to boost its current 20% stake in Occidental Petroleum up to 50% of the oil producer.

Warren Buffett’s company has now bought up more than $11 billion worth of Occidental Petroleum stock this year to give Berkshire Hathaway control of more than 20% of the oil producer.

President Joe Biden has blocked a freight railroad strike for at least 60 days by naming a board of arbitrators to intervene in the contract dispute, averting action that could have disrupted all kinds of shipments.

Warren Buffett gave Berkshire Hathaway investors a few details of how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone.

The banking industry appears to have overdone it on overdraft fees.

FILE - A CSX freight train pulls through McKeesport, Pa., on Tuesday, June 2, 2020. CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last years widespread virus-related shutdowns. – CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns. The freight railroad posted revenue of $2.83 billion in the period, also beating Street forecasts. In last year's second quarter, volume fell 20% when many businesses were shut down as officials sought to limit the spread of COVID-19.

FILE - In this Sept. 13, 2019, file photo the logo for Union Pacific appears above a trading post on the floor of the New York Stock Exchange. Without that charge, Union Pacific said it would have reported $1.6 billion net income, or $2.36 per share. Union Pacific said volume grew 3% as the economy continued to recover from the worst of the pandemic. During the quarter, Union Pacific limited its expense growth to to 1% even as it handled more shipments and recorded the one-time charge. Union Pacific is one of the nation’s largest railroads, and it operates 32,400 miles (52,000 kilometers) of track in 23 Western states.

FILE - In this Jan. 6, 2021 file image from video, Sen. Josh Hawley, R-Mo., speaks at the U.S. Capitol in Washington. At least four additional companies that have donated to Hawley have announced they are suspending campaign contributions. And the allegation itself is corrosive and dangerous.”Other than Trump himself, no politician has suffered the fallout as has Hawley. Hallmark Cards, based in Kansas City, earlier this week asked Hawley and Republican Sen. Roger Marshall of Kansas to return employee campaign donations. Hawley, in his 739-word essay, said those involved in the Capitol attack must be punished, saying, “Mob violence is always wrong.”“But democratic debate is not mob violence,” Hawley wrote.

In the early months of the U.S. pandemic, banks set aside tens of billions of dollars to cover losses that could come from loans that were suddenly going bad. On top of the stimulus, banks entered into this pandemic the healthiest they’ve been in years and certainly healthier than they were before the financial crisis of 2008. JPMorgan set aside $611 million to cover potentially bad loans in the third quarter, a fraction of the $10.47 billion the bank set aside to cover bad loans in the second quarter. On Wednesday, Bank of America said it set aside $1.4 billion to cover potentially bad loans, far less than the $5.1 billion it set aside three months earlier. Most of the worry seems to reflect investors' uncertainty about whether banks will have to set aside additional billions in the future.