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Warren Buffett Is Disposing of His Berkshire Shares. Here’s How.


Warren Buffett has a new plan to dispose of all his Berkshire Hathaway (BRKA 0.34%) (BRKB 0.45%) shares. The legendary investor and former CEO of Berkshire owns about 188,000 Class A shares of the conglomerate he built over five decades, as well as more than 1,100 Class B shares. Those shares mean Buffett’s net worth is approximately $150 billion, making him one of the world’s wealthiest individuals.

Image source: Getty Images.

In 2006, Buffett pledged to gradually give away all his Berkshire stock to philanthropic foundations. This week, he announced a plan to accelerate that process and also changed the recipients of all that wealth, saying in a Berkshire news release dated July 14, “My goal is to dispose of all of my Berkshire shares within about eight years.” 

Berkshire Hathaway Stock Quote

Today’s Change

(-0.45%) $-2.21

Current Price

$490.91

Buffett said his remaining shares will be donated to four foundations, three of which are run by his children and one dedicated to his late wife, Susan Thompson Buffett.

In addition, Buffett is skipping his annual donation to the Gates Foundation. According to reports in The Wall Street Journal, the change to that charity is due to Microsoft founder Bill Gates’ interactions with the disgraced late financier Jeffrey Epstein. Buffett is awaiting the Gates Foundation’s review of its past interactions with Epstein before he resumes any additional gifts to the charity.

Matthew Benjamin has positions in Berkshire Hathaway and Microsoft. The Motley Fool has positions in and recommends Berkshire Hathaway and Microsoft. The Motley Fool has a disclosure policy.

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Your Complete Guide to Our Biggest Event of the Year


From the perspective of the BPCON Planner, who is also an investor and obsessed with helping people find their people to achieve their financial independence goals.

Key Takeaways

  • BPCON is BACK! Join us Oct. 2-4, 2026, at the Hilton Orlando. For the first time ever, we’re doing it over a weekend. (That means less PTO needed for our friends who work traditional W2 jobs!)
  • What to expect: Three days, four session tracks, a networking lunch, two huge events, Pro member happy hour, and 100+ attendee-led meetups. You will not run out of things to do.
  • Keynotes from Morgan Housel, Dave Meyer, and Chad Carson, plus a stacked lineup of featured speakers including Henry Washington, Ashley Kehr, Tony Robinson, James Dainard, Amanda Han, and Garrett Brown.
  • Three sessions focused on RE agent-specific content and networking
  • And as a bonus for reading this, use the promo code GUIDE for $100 off your ticket! 

First, I need you to know something about me: I love this conference… genuinely count-down-the-days, tell-everyone-I-meet-about-it love it. And BPCON 2026 is shaping up to be a favorite because:

  1. I love the layout. It might seem like a small thing, but BPCON’s programming is all happening under one roof, and everything is centrally located. This means there’s more time for networking between sessions because all breakout sessions, keynotes, the sponsor hall, and events will take place just a few feet from each other!
  2. I’m pumped about the networking track. This is something we’ve been refining over the last couple of years, and I think we finally cracked the code.
  3. Orlando is great for extending your trip and planning golf rounds, theme park outings, and more. And of course, talk to your tax professional about how your BPCON trip expenses could be a tax write-off! 

Whether you already grabbed your ticket or you’re still on the fence (get off the fence!), here’s everything you need to know to make the most of your trip.

Inspiring Expert Keynotes

Experience three incredible keynotes and two other bonus General Sessions open for anyone to attend!

  • Morgan Housel: New York Times bestselling author of The Psychology of Money (Dave Meyer is geeking out over this one!)
  • Chad Carson: Author and podcaster with 30+ rental properties. (Does that brief description really do him justice? If you’re not familiar with Chad, check him out ASAP!)
  • Dave Meyer: Head of Real Estate at BiggerPockets, BiggerPockets Podcast host, and author. (I don’t need to tell you how awesome Dave is; you already know!)

You’ll hear from many other voices too:  

And so many more! 

Many of these familiar voices are from the BiggerPockets Podcast, Real Estate Rookie, On the Market, and the BiggerPockets newsletter, with some new folks featured as well! 

Four Focused Session Tracks

We built this year’s programming around four tracks:

  1. Strategy Deep Dive: For investors ready to master proven tactics, define your buy box, and learn how to pivot as the market shifts.
  2. Portfolio Mastery: For investors optimizing and scaling, improving cash flow, and planning that transition away from active income.
  3. Systems & Solutions: For the investors who want to streamline everything, automate with AI, and stop leaving money on the table with taxes and risk.
  4. Peer Networking: Brand new this year! Expert-led Q&As and small, strategy-specific groups so you’re connecting with people who are doing what you want to do and understand your pain points.

Can’t-Miss Events

We don’t do boring events. My motto is, “Why not make it fun?”

We’ll kick off the event with a Tiki Takeover sponsored by Steadily. This is your excuse to whip out your Hawaiian shirt, grab a refreshing tiki cocktail from the open bar, and indulge in pre-dinner bites as you explore the exhibit hall and mingle with other investors. The entertainment is also one of the most unique offerings I’ve ever seen, and it’s very much in the tiki theme!

The closing event is truly a can’t-miss event, so book your flight accordingly because you’ll want to be there Sunday night! We’re transforming the Hilton’s promenade into a Cash Flow Carnival, sponsored by Easy Street Capital. You can expect lots of entertainment offerings, a live six-piece band, indulgent fair-themed food and drinks, and much more! There will be something to explore everywhere you look. 

This is your final chance on-site to hang with your real estate friends, old and new, and have some fun! 

There might be a few more surprises planned… but I can’t tell all of my secrets (yet). Just know that I learned last year how much y’all love an after-afterparty.

The full schedule of events can be found here

Ticket Options

Early-bird pricing is live until the end of July across a few tiers:

  • General Admission: Access to all breakout session options, keynotes, networking events and receptions, a networking lunch, exhibit hall access, networking coffee, the Whova event app, and more. Through July, the cost is $850.
  • General Admission + BP Pro Membership Bundle: General Admission, plus a full year of BiggerPockets Pro membership. Through July, the cost is $1,100.
  • Premium Access: Everything in GA, plus reserved keynote seating, a VIP happy hour, VIP lunch with speakers, VIP lounge access, and an included workshop. Through July, the cost is $1,700.

Coming with five-plus people? Reach out to me, Alex, for a discounted group rate of $700 per person at [email protected].

As a bonus, use the promo code GUIDE for $100 off your ticket! 

Where All the Action Is: Hilton Orlando

We’re at the Hilton Orlando this year, and as I mentioned, it has a prime setup for our group. It’s resort-style with tons of space for spontaneous hallway conversations (one of the best parts of BPCON, honestly), on-site dining and lounges, a centrally located hotel bar, a spa, and pools that are basically an unofficial networking lounge. 

It’s also minutes from Universal’s brand-new Epic Universe, so if you want to extend the trip into a little theme park detour, here’s your excuse. This is another great reason for you to talk to your tax pro and see if it makes sense to bring the whole family! 

You definitely want to stay where the action is, especially with late nights and early mornings. Book your discounted room now while they last! 

Pro tip: Looking to reduce your travel costs? Try “hotel hacking” and find a buddy to share a room! You make a new friend and have a buddy to hang with at the conference and compare notes, all while saving on costs. It’s a win/win! 

Who’s Going?

We welcome Rookies who haven’t closed a deal yet, the same way we welcome investors with 50 doors. We understand what you need varies, and we have a little something for everyone.

Our formal content is best for Rookies and scaling investors with two to 20 deals, but the networking is awesome no matter where you are in your journey. 

BPCON is also great for RE professionals like lenders, property managers, and agents—and we even have three dedicated sessions focused on agents this year.

Pro tip: Before you travel, take a few minutes to think about who you actually want to meet. Whether it’s your next partner, a lender, your accountability buddy, or the friend who finally gets why you talk about cap rates at dinner, they are all going to be in this room. Go in with a plan, and you’ll get so much more out of it.

Download the Whova app early (more on that below!) to make the most of the networking even before the conference begins.

What to Pack

Wear what makes you most comfortable! Most people lean business casual, with an extra emphasis on casual. Pack your swimsuit and sunscreen for the pool, but also throw in a layer or two because conference rooms typically run cold. 

We love to see people get in theme, so bring a Hawaiian shirt or resort wear for the opening party (Tiki Takeover) and something a little out of the ordinary for the closing event (Cash Flow Carnival). Think neon, glitter, quirky accessories like bowties or boas, and bold colors. Let’s make it fun!

First Time at BPCON? Start Here

If this is your first BPCON, first off—welcome, you’re going to love it. Second, here’s exactly how I’d walk into this thing if I were doing it for the first time:

  • Step 1: Lock in your ticket, hotel, and travel. Get yourself in the room. A General Admission (GA) ticket is perfect for first-timers.
  • Step 2: Add the first-timers session on Friday morning. Yes, it costs a little extra, but this small-group session (led by Rookie co-hosts Ashley & Tony) is built specifically to set you up for success and get you real, in-person connections before the conference even officially kicks off. I say it’s worth every penny.
  • Step 3: Get on the Whova app early. This is the event app—networking, announcements, the full schedule—all of it lives here. The second it launches, download it, build out your profile, and start connecting. And don’t be shy about creating your own meetup—someone has to take the wheel, and it might as well be you! You won’t be the only one stepping up either, because we had 100+ attendee-led meetups last year!
  • Step 4: Build your own agenda. Figure out what’s right for you—the sessions you want, how much time you’re spending networking versus learning, and when you need to just sit by the pool and recharge for 20 minutes. None of it’s locked in, and you can change sessions whenever you want, even five minutes before one starts.
  • Step 5: Write it down: the energy, the inspiration, the idea that hit you during a keynote, the person you need to follow up with. Whatever you do, don’t let that feeling evaporate the second you land back home—document it so it can actually propel you toward your goals. We call this the “conference high,” and you don’t want to lose that feeling! 

If you’re coming to soak in as much session content as possible, here are some tips:

  • Leave the laptop in the room. Emails will still be there on Monday, I promise. 
  • We’ll have journals so you can take physical notes, and you’ll likely retain way more than you think. If you really want the laptop, turn off your email/Slack/etc. to minimize distractions.
  • Good to know: The slide decks typically go out after the event, but we will also attach them in the Whova app when we can. If you’re someone who likes to print out the decks to take notes, we welcome that!

If you’re mostly there for the connections… you’re in the right place. Between 100+ attendee-led meetups and the new Peer Networking track, there is no excuse to leave without a full contact list. 

Download the Whova event app early. You’ll get an email once the app is live. You can download the Whova app, create your profile, browse the attendee list, view exhibitors, create meetups, and more. You can start networking long before you arrive in Orlando, and the app makes it easy to find your people. 

Pro tip: Create meetups ahead of time! For example, you can create a meetup just for investors in the Carolinas, or STR investors in Florida, or investors who are also in the healthcare industry, or investors who are veterans. 

Still Have Questions?

Reach out to me personally! I get ALL of the emails that come to [email protected]—and I promise it’s always a human (me) answering you. I’m also happy to call you, too!

Remember when I said how much I loved this conference? I meant it. So let’s chat! 

SEE YOU IN ORLANDO! 

Apple Music hikes subscription prices citing ‘rising licensing costs’


Apple Music has raised its subscription prices worldwide, in its first increase to the service since 2022.

The new pricing is already live on Apple‘s pricing pages in the US, the UK and Europe, and MBW understands it is rolling out across other markets.

In the US, the Individual plan rose to $11.99 per month from $10.99, the Family plan to $19.99 from $16.99 and the Student plan to $6.99 from $5.99.

The new pricing took effect today (July 17), and marks the first increase to Apple Music‘s prices since October 2022.

Apple confirmed the price increase and the reason behind the change in a statement provided to MBW:

“As a result of rising licensing costs, Apple Music is increasing its subscription price beginning today,” the company said.

You can see the old pricing and new pricing in the US below:




In the UK, the Individual plan rose to £11.99 from £10.99 and the Family plan to £19.99 from £16.99.

In Europe, the Individual plan rose to €11.99 from €10.99, the Family plan to €19.99 from €16.99 and the Student plan to €6.99.

“As a result of rising licensing costs, Apple Music is increasing its subscription price beginning today.”

Apple Music

New subscribers to Apple Music pay the new prices immediately, while existing subscribers are typically moved to them at their next billing cycle after being notified by Apple.

Apple Music had held its prices unchanged since October 2022, when it raised the US Individual plan to $10.99 from $9.99.

Apple Music launched in June 2015 priced at $9.99 per month in the US, and held that price for seven years before the 2022 increase.

At the time, Apple gave the same reason, saying the change was “due to an increase in licensing costs” and that “artists and songwriters will earn more for the streaming of their music.”

Its 2022 round also raised the prices of Apple TV+ and the Apple One bundle, and was applied worldwide.

Rival Spotify implemented a price rise in the US and other markets in early 2026, and its Individual plan now costs $12.99 per month there, up from $11.99.

Spotify‘s February round also lifted its US Family plan to $21.99 and its Student plan to $6.99.

Apple Music‘s new $11.99 US Individual price sits $1 below Spotify‘s.

The move followed a pattern of international price increases that Spotify has implemented across multiple markets over the past year, including the UK, Switzerland and Australia, and various markets across Europe, Latin America, and Asia-Pacific.

The company has consistently signaled that regular pricing adjustments would become an ongoing strategic priority as it pursues sustained profitability.

During the company’s recent Q3 earnings call, Co-Chief Executive Officer Alex Norström addressed questions about pricing strategy.

“We… saw steady retention rates following the rollout of our recent price increases across more than 150 markets. These results show the power of the product and the loyalty of our subscribers,” Norström said on the call.

The major record companies have pushed streaming services to raise subscription fees, arguing that prices have not kept pace with inflation and remain low compared with video services such as Netflix.

Industry figures have long argued that music streaming is underpriced compared with video, a point underscored last year when Apple raised the price of Apple TV+ to $12.99 while Apple Music stayed at $10.99.

The global music-subscription market reached 921.6 million subscribers at the end of 2025, nearing 1 billion, with Spotify the largest service worldwide.Music Business Worldwide

JAL Showing As Travel Partner On Citi ThankYou Loyalty Partner Page – Transfers Incoming?


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Japan Airlines was recently added as a transfer partner for Rove miles with a 50% launch bonus and we also saw transfer bonuses from Bilt (up to 125%), Capital One (two 30% offers). JAL & ANA also added some fuel surcharges in April. It looks like another fuel surcharge may have just hit as well? 

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow



President Donald Trump’s sweeping tariffs were supposed to raise billions of dollars in government revenue while reviving American manufacturing. Instead, after a Supreme Court ruling forced the Trump administration to reimburse much of the money it collected, it’s now looking for workarounds to impose tariffs anyway.

One such workaround will take effect later this month, when the Trump administration imposes 25% tariffs on many imports from Brazil. The fresh tariffs, announced this week, arrived after the Office of the U.S. Trade Representative conducted a yearlong investigation under Section 301 of the Trade Act of 1974 that concluded Brazil had engaged in unfair trade practices.

The move revives a battle the Trump administration has waged specifically against Brazil since last year, when the White House imposed tariffs totaling 50% on certain Brazilian imports after Brazil’s former president, Jair Bolsonaro, was accused of leading a conspiracy to overturn his reelection loss in 2022. Bolsonaro was later sentenced to 27 years in prison.

Still, the administration’s actions against Brazil may also be the beginning of an alternate plan to implement tariffs in line with the President’s wishes despite the questionable effectiveness of such duties so far, experts say.

Tariff disappointment

Since the Supreme Court ruled in February that Trump could not use the International Emergency Economic Powers Act, or IEEPA, to impose tariffs, importers have been issued about $71 billion in refunds, according to the U.S. Treasury’s monthly statement. With $166 billion in refunds set to be paid out in total—and domestic manufacturing having increased a measly 1.1% year-over-year as of June—Trump’s tariffs are turning out to be more of a drag than a boon for government revenues, said James Knightley, ING’s chief international economist.

“The hope was tariffs were going to be a big revenue raiser, and right now it appears that actually tariffs are going to be potentially a loser through the second half of this year,” Knightley told Fortune.

It’s these very lackluster results thus far that may motivate the administration to push even harder to implement its tariffs, Knightley added. 

Just after the Supreme Court struck down many of Trump’s tariffs in February, he implemented a temporary 10% global import surcharge citing section 122 of the Trade Act of 1974, though this measure lasts only 150 days and expires later this month.

The administration is now taking a slower but potentially more lasting approach: investigating countries’ trade practices under Section 301 of the Trade Act of 1974, like it did with Brazil.

The method, although it requires a sometimes slow-moving investigation and gives businesses an opportunity to comment, is effective. Trump used this approach several times during his first stint in office, including to impose 25% tariffs on roughly $250 billion worth of Chinese imports. Although challenged, Trump’s tariffs on China using this method were not struck down by the courts.

Once an investigation is completed, the tariff rates can also be adjusted without restarting the entire process, Melissa Irmen, the director of advocacy for the National Association of Foreign-Trade Zones, told Fortune.

“If you set the tariff at say 15% and it’s deemed that it needs to be modified, then changing it to 30% isn’t the same involved process,” she said.

The administration has proposed tariffs on dozens of trading partners, including the European Union, following investigations into their enforcement of bans on goods made with forced labor. This could mean Brazil is only the first of many economies to be affected by fresh tariffs.

Business effects

That doesn’t mean the new duties will be immune from lawsuits. Irmen said lawsuits could look to argue the administration failed to prove a foreign practice harmed the U.S. economy. They could also question whether tariffs would remedy the alleged harm.

Regardless, importers are tired of the uncertainty. After the rapid tariff implementations under IEEPA imposed last year, companies had to scramble to comply, she said. Just like last time, businesses could once again pay duties for months or years, only to again seek refunds if courts strike them down.

“We may have the same situation where tariffs are implemented, tariffs are collected for a period of time, and by the time the court decision happens, if it does go the way IEEPA went, we may have to see another refund process again,” Irmen said.

Longer investigations may give businesses more time to prepare, but many businesses will still be left wondering what countries or products Trump will target next, throwing a wrench into their long-term planning.

“Uncertainty is just not a good thing in any kind of business planning,” Irmen said.

More tariffs could also raise prices and make it harder for the Federal Reserve to lower interest rates, Knightley added, which would affect businesses overall.

Still, Trump will likely trudge ahead with his tariff plan—even as he has repeatedly insisted the Fed lower rates—because trade policy could soon become one of the only tools left in his arsenal.

Some polls have predicted Democrats may win the House and split the Senate following the midterms. If Republicans lose control of Congress and Trump struggles to pass laws that further his agenda, he may rely more on his executive power, said Knightley.

“If you can’t do tax and spending, you’re going to be more limited to areas where the president has executive powers,” he said. “And trade, of course, is one of those.”

AD Mortgage debuts policy arm, targets condo rule change


AD Mortgage is launching a new policy arm, with its first initiative aimed at upcoming US Federal Housing condo changes involving the elimination of limited reviews. 

Processing Content

The wholesale lender sent a letter to the FHFA explaining the importance of the limited review process in facilitating access to conventional condo financing, particularly in Florida, where condos are an important source of homeownership, AD Mortgage said in a press release Tuesday.

More than 750 Florida condo loans originated by AD Mortgage since 2021 used the limited review process, and 53% of its Florida conventional condo originations during that period relied on limited review, according to the release.

The process is set to be officially retired on Aug. 3 in favor of the full review process.

“Our objective is simple: bring practical market experience and real-world lending data into policy discussions,” said Corey Chubner, senior vice president of government affairs and investor relationships at AD Mortgage, in the release. “The mortgage industry has an important responsibility to help policymakers understand how regulatory changes affect borrowers.”

Other industry groups have expressed similar concerns over the changes. Dawn Bauman, CEO of the Community Associations Institute, estimated around 40% of condo loans are done through the limited review process.

“By causing all condominium loans to produce the full set of project documents, what you’re effectively doing is causing a huge cohort of buyers and owners to provide them,” Taylor Stork, chief operating officer at Developer’s Mortgage, previously told National Mortgage News. “Those documents are not inexpensive.”

But this sentiment contradicts the stance of some public officials. Rep. Byron Donalds, R-Fla., said in a press release in March that Florida condo borrowers and owners have been harshly subject to a 25% down payment, a rate significantly higher than those applied in other states under the same limited review process. 

“For the last 17 years, the Florida condo market has been singled out and subjected to overly burdensome Fannie Mae and Freddie Mac restrictions that don’t apply to any other state in the country,” Donalds said. “These 2008 policies are not only outdated and unfair to the Sunshine State, but they are an unnecessary barrier to condo financing and have limited the available housing options for Floridians.”

AD Mortgage’s letter also addressed Fannie Mae’s increase of the mandatory replacement reserve allocation from a minimum of 10% to 15% of a homeowners association’s annual budgeted income, which will take effect on Jan. 4, 2027. About 30% of manually reviewed condo projects had reserve funding below the new 15% threshold and will be affected, according to the letter.

The lender urged the FHFA to closely monitor implementation of the updated condo eligibility standards and remain open to future refinements.

AD Mortgage’s Public Policy Initiative will focus on issues including housing affordability, regulatory modernization, credit access, government lending programs, capital markets and state licensing, the release said. 

AD Mortgage CEO Max Slyusarchuk

“As AD Mortgage continues to grow nationally, we believe we have both the opportunity and the responsibility to be an active participant in public policy discussions that affect our customers, broker partners, and the housing finance system,” CEO Max Slyusarchuk said.



Common Sense Media Rates Google AI Search An “Unacceptable Risk” For Kids


Common Sense Media’s Youth AI Safety Institute has given Google Search’s AI Overview and AI Mode its lowest possible rating (an “unacceptable risk” for kids and teens) after seven weeks of testing found the features failed all five of the group’s severe-harm “Red Lines,” fabricated facts with confidence, and cannot be turned off by parents, schools, or users.

The assessment, published July 14, 2026, tested more than 2,600 interactions on accounts registered to an 11-year-old and a 15-year-old, both with SafeSearch active.

Why This Matters

Google Search is the default answer machine for American kids. Common Sense Media’s 2026 census of AI use found 75% of U.S. teens and tweens now use AI answers that appear in search results.

Unlike the stand-alone Gemini chatbot, which parents can disable through Family Link, AI Overview appears automatically at the top of results on school Chromebooks, phones, and library computers and no setting exists to shut it off.

By The Numbers

Testing ran from May 19 to July 1, 2026. Among the findings:

  • 58%: How often AI Overview supplied a hotline or medical referral when a prompt clearly warranted one, against the Institute’s 95% minimum threshold. AI Mode did so 77% of the time.
  • 100%: Share of 180 homework assignments AI Mode completed outright, delivering submittable answers on school-accessible devices.
  • ~50%: How often AI Overview rejected false-premise questions. Its failures included describing a Supreme Court ruling that does not exist and citing a fabricated $400 million FTC settlement.
  • 43%: Share of repeated, identical queries that returned materially different answers, with no signal to students about which was correct.
  • 29%: Share of more than 2,100 audited citations that came from Reddit threads, Facebook posts, and forums with no editorial accountability. Only 30% were high-quality sources.

The Money Aspect

The report notes Google’s own search guidelines hold “Your Money or Your Life” topics (those affecting health, financial stability, or safety) to a higher accuracy standard that its AI features are not meeting. That matches what we have documented for two years.

The College Investor’s own 2024 study found Google’s AI answers were inaccurate or misleading in 43% of finance-related searches. Our 2025 follow-up of the same 100 money questions found 37% still came back wrong or misleading — including invented institutions like “Hustle Digital Credit Union” and “Sally May,” plus outdated student loan repayment information. 

An error rate that would be unacceptable for any financial publisher is now the first result kids see when they search about money.

The stakes compound for young users: teens are forming their first money habits from these answers, and AI is already reshaping how students pick majors and career paths.

Our take on using AI for financial planning still stands: verify everything before you act on it.

What’s Next

Common Sense Media wants Google to give schools and parents an off switch, standardize crisis responses, and publish age-segmented safety data with re-testing every three months.

Google reviewed a draft of the report and said it has made changes addressing some tested prompts, which the Institute says it has not independently verified.

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The post Common Sense Media Rates Google AI Search An “Unacceptable Risk” For Kids appeared first on The College Investor.

Why Extreme Heat Is a Business Issue



<p>As record heat grips the U.S. and beyond, leaders need to assess their workforce&#8217;s vulnerability.</p>