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Wall Street Today | Warren Buffett's Berkshire Hathaway Keeps Spending Through Volatile Markets

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Moomoo Recap US wrote a column · Aug 15, 2022 19:03
Wall Street Today | Warren Buffett's Berkshire Hathaway Keeps Spending Through Volatile Markets
MACRO
Investors Are Betting Yet Again That Inflation Will Cool
The July consumer-price index fueled renewed wagers that inflation is more circumstantial than structural and that the Federal Reserve will in response moderate its rapid pace of rate increases. Investors are now projecting a smaller Fed rate increase in September, have continued to price in rate cuts in the first half of next year and have bought up shares of tech companies, which are primed to perform well if rates ease.
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Roubini Sees Either US Hard Landing or Uncontrolled Inflation
Economist Nouriel Roubini said there are two options for the US economy, given the Federal Reserve’s most-aggressive tightening campaign in decades: an economic hard landing or inflation at a persistently elevated level.
SECTORS
US Homebuilder Confidence Hits Worst Slump Since 2007 Collapse
The National Association of Home Buyers/Wells Fargo gauge decreased by 6 points to 49 in August, figures showed Monday. The reading was worse than the most downbeat estimate in a Bloomberg survey of economists and below the breakeven measure of 50 for the first time since May 2020.
JPMorgan, BofA Are Among Banks Moving Back Into Russian Bond Trading
A growing number of Wall Street banks are willing to trade Russian bonds that were once viewed as untouchable. $JPMorgan(JPM.US)$ and $Bank of America(BAC.US)$ are among several banks that have offered to facilitate transactions in corporate and sovereign debt on behalf of clients, according to people familiar with the matter who asked not to be identified.
COMPANY
Warren Buffett's Berkshire Hathaway Keeps Spending Through Volatile Markets
Warren Buffett's $Berkshire Hathaway-B(BRK.B.US)$ scooped up millions more shares of $Apple(AAPL.US)$ and doubled down on its energy investments, while the stock market swooned in the second quarter.
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Unity Board Opposes AppLovin's $17.5 Billion Buyout Offer
$Unity Software(U.US)$ on Monday recommended shareholders vote against the $Applovin(APP.US)$ deal and instead vote in favor of Unity's planned deal to buy ironSource Ltd. for $4.4 billion, a merger that was agreed upon last month. IronSource runs a platform for publishing and scaling mobile games and other apps.
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Dan Loeb's Third Point Calls for Disney to Spin Off ESPN, Refresh Board
Activist investor Dan Loeb's Third Point LLC has bought a new stake in $Disney(DIS.US)$ and is calling on the media company to buy the rest of Hulu, explore spinning off ESPN and refresh its board.
>> Read more
Walmart Reaches Subscription Video-Streaming Deal with Paramount+
$Walmart(WMT.US)$ said it has agreed to a deal with $Paramount Global-B(PARA.US)$ to offer the entertainment company's Paramount+ streaming service to subscribers of Walmart's membership program.
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Apple Wants Workers Back in the Office 3 Days a Week Starting Sept. 5
More than a year after its new hybrid work schedule was announced, $Apple(AAPL.US)$ will require its employees to return to the office at least three days a week starting Sept. 5, according to reports Monday.
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Source: Bloomberg, Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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