Charlie Munger's Apple Confidence, Raskin Takes A Dig At Santos, Peter Schiff's Inflation Warning And More: Top Stories From This Weekend You Shouldn't Miss

The weekend was rife with interesting stories that kept the markets buzzing. From Charlie Munger’s unwavering belief in Apple stocks to Elon Musk‘s firm stance against creating crypto tokens, here’s a round-up of the key stories that made headlines.

Charlie Munger Stands Firm on Apple

Berkshire Hathaway’s Vice Chairman Charlie Munger expressed his staunch faith in Apple Inc. AAPL despite the company’s heightened valuation. According to Munger, the tech giant’s shares, trading at 26.7 times the expected earnings for the coming year, compared to a 10-year average of 18.5, should not deter investors. Read the full article here.

Elon Musk Says No to Crypto Tokens

Tesla Inc. TSLA CEO Elon Musk made it clear that none of his companies, including AI startup xAI, would ever create cryptocurrency tokens. This announcement came as Musk’s xAI is set to launch its first product, sparking considerable excitement globally. Read the full article here.

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Raskin Criticizes Santos over Thank-You Note

Democratic Rep. Jamie Raskin sharply criticized Republican Rep. George Santos over a language slip in a thank-you note amid Santos’ legal troubles. This came after Santos sent Raskin a thank-you note for voting against his expulsion from the House. Read the full article here.

Peter Schiff Warns of Inflation Rebound

Gold bull and economist Peter Schiff warned investors of a potential surge in inflation rates. According to Schiff, the annual rate of inflation, which had slowed from 9% to 3% due to the U.S. dollar’s rally, is set to rebound due to the weakening dollar. Read the full article here.

Musk Praises Giga Berlin

Elon Musk lauded Tesla’s TSLA Giga Berlin factory as the “jewel of Germany.” During his visit to the factory, Musk hinted that the company’s affordable electric vehicles would be manufactured there. Read the full article here.

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