Market Updates: Buffett, Rubenstein, and First Republic's Future

This week in markets saw a mix of economic data, with inflation rates slowing but consumer sentiment reports showing higher inflation expectations. Warren Buffett spoke about investing opportunities in Japan, while big banks like JPMorgan, Citi, and Wells Fargo reported positive earnings despite warnings of economic storm clouds. Gold prices are up 13% year to date, and there are mixed views on the possibility of a recession in the next 12 months. Other news includes declining mortgage rates, a record high median Manhattan rent, and LVMH's stock hitting a record high, widening founder Bernard Arnault's lead over Elon Musk for the title of the world's richest person.