Wall Street will get a key update this week on the U.S. housing market, along with an unemployment update. On Thursday, the U.S. will release its August report for sales of newly-built homes. It details the sale of brand-new homes and sales contracts for homes that are under construction. That differentiates it from the monthly report on existing home sales. The U.S. will also release its weekly report for unemployment claims on Thursday. Claims for jobless benefits are a proxy for layoffs, and economists watch them because they can be a sign of where the job market is headed.

Even in the age of algorithms, short attention spans and TikTok teases, Warren Buffett continued to profit with his patient bargain-hunting approach while offering folksy advice on investing and life. As chairman and CEO of Berkshire Hathaway, Buffett became famous for his methodical investing style: Buy good businesses when their prices are low, stay on the sidelines when prices are too high and be patient with well-chosen picks. He rode that to decades of beating the rest of the U.S. stock market before he retired as Berkshire’s chairman on Friday, less than a year after giving up his role as CEO.

Asian shares are mostly up, as markets get a lift after Wall Street rallies to its best day in six weeks. Benchmarks have risen in early Friday trading in Tokyo, Sydney, Seoul, Hong Kong and Shanghai. Oil prices continue to fall from their high of nearly $110 reached earlier this week on worries about the war in Iran. Easing pressures from the bond market have also helped Wall Street, where the S&P 500 jumped 1.1% Thursday for just its second rise in the last nine days. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite climbed 1.7%.