Gold prices tumbled over 3% on Monday, hitting a four-month low. Escalating Middle East tensions fueled inflation worries and boosted expectations for higher global interest rates. Iran threatened energy systems, while oil prices remained elevated. This situation impacts transport and manufacturing costs.
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