Tuesday, 1 September 2020

Why Buffett's bet on Japan could turn on higher inflation, weakening dollar

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Why Buffett's bet on Japan could turn on higher inflation, weakening dollar

Berkshire Hathaway Inc's $6.2 billion foray into Japan's five largest trading houses may signal billionaire Warren Buffett's expectation that inflation and a falling U.S. dollar may make international equities more attractive when economies worldwide recover from the coronavirus pandemic.

Global funds once again opt out of stocks, despite rally, Reuters polls show

Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as the pandemic drags on and new data suggest the nascent economic rebound is stalling, Reuters polls found.

Payment holiday parachute might COVID-proof government bonds, top fund says

The option of a one-time payment holiday during times of intense crisis might enable countries to pandemic-proof their bonds, a prominent debt fund believes.

EU watchdog flags harder line on cross-border funds management

Brexit safeguards to stop asset managers in Britain running "shell" investment funds in the European Union to retain access to its markets should be hardwired into EU law, the bloc's securities watchdog said on Wednesday.

United States Oil Fund faces possible SEC action: filing

The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due to statements made after oil prices plunged into negative territory in April.

Berkshire slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold

Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc .

U.S. equity funds post $5.6 billion weekly inflow: Lipper

U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper.

Column: Trump tax deferral poses a bigger threat to Social Security than you might think

What happens to Social Security if we eliminate its funding? 

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