Abel puts a big chunk of Berkshire’s cash to work
In his second quarter as the new CEO of Berkshire Hathaway, Greg Abel did some serious spending, including $4.5 billion on buybacks.
Iran denies any direct talks with U.S. on opening Strait of Hormuz as Houthis claim attack on Saudi refinery
Iran’s foreign minister reportedly said his country is not engaging in talks with the U.S., but added: “Messages are being exchanged through intermediaries.”
Storms from Typhoon Dolphin soak China’s east, ground nearly 950 Shanghai flights
Torrential rain and storms in Typhoon Dolphin’s wake inundated several provinces in China’s east, drenching the coastal region and flooding streets in Shanghai.
Pentagon pushes defense companies to boost weapons production after concerns of depleted stocks
A Pentagon spokesman said it was focused on boosting munitions acquisitions to provide “the weapons our warfighters need at the pace the threat demands.”
German minister warns of daily ‘hybrid warfare’ after suspected drone attack
Interior Minister Alexander Dobrindt says Germany faces daily hybrid warfare attacks from abroad after a suspected incident involving an explosive-laden drone.
Canada’s British Columbia declares state of emergency as more than 20,000 flee wildfires
Officials say the Bald Range wildfire triggered the largest evacuation event so far this summer.
Myspace eyes comeback as an ‘antidote’ to social media fatigue — but it may be a long shot
“Excitement about Myspace’s relaunch reflects nostalgia for a more analog time, when algorithms were less dominant in our lives,” an analyst told CNBC.
Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists
Collateralized loan obligations may become the next big push in the exchange-traded fund industry.
‘Moneymaxxing’ isn’t a trend, it’s a ‘cultural shift,’ financial advisor says — here’s how to get started
In an affordability crunch, social media’s viral “maxxing” trend could lead to long-term financial security.
Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett’s massive cash hoard
Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.
