Continue to raise interest Powell’s speech came during the Council’s annual Monetary Policy Forum US Federal Reserve Kansas City in Jackson Hole, Wyoming, where he reiterated that the Federal Reserve would continue to raise interest rates and continued as well for a period of time to reduce inflationwhich reduced the recent rises witnessed US stocks … Read more
US billionaire Warren Buffett, chairman of Berkshire Hathaway, answered questions he received during the company’s first non-virtual annual meeting since 2019, which was held in a plaza in downtown Omaha, Nebraska, USA. He was also joined by Vice President Greg Appel, who was named CEO to succeed Buffett. The meeting came after the company revealed … Read more
New York A week ago, Warren Buffett complained that he still couldn’t find any good takeover targets. The company valuations are still too high, wrote the star investor in his letter to the shareholders. Therefore, the CEO of the Berkshire Hathaway conglomerate has recently focused on expanding company holdings. His latest coup: he bought large … Read more