Global markets face continued impact from the West Asia conflict. Uncertainty is expected to drive risk aversion. The Federal Open Market Committee (FOMC) acknowledged this in its recent meeting. While GDP growth projections were raised, inflation forecasts were revised upwards. Rate cuts are still anticipated, but higher energy prices pose a risk of delay.
Berkshire Hathaway spends down cash pile under CEO Greg Abel
Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly