The immediate political future of Wyoming Rep. Liz Cheney, seen here in September 2020, is at stake on August 16.
Mandatory Credit:	Tom Williams/CQ-Roll Call, Inc via Getty Images

The immediate political future of Wyoming Rep. Liz Cheney, seen here in September 2020, is at stake on August 16.
Mandatory Credit: Tom Williams/CQ-Roll Call, Inc via Getty Images

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5 things to know for August 17: Primaries, Covid, Hearing aids, Water cuts, Ukraine

High inflation and rising interest rates are fueling fears that a recession could be around the corner. But Warren Buffett -- one of the savviest investors of all time -- is still betting on America's economy. While Buffett has reduced stakes in companies like Kroger and General Motors, market watchers say his willingness to keep buying elsewhere signals his ongoing confidence in where the economy and the financial markets are headed.