Buffett’s Berkshire dumped Apple shares again in second quarter
Conglomerate has reduced its exposure to publicly traded equities over the past three years
Economic news
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BlackRock strikes $11bn Saudi Arabian natural gas deal
Agreement is kingdom’s latest effort to attract foreign capital
Potential Fed chair pick David Zervos of Jefferies backs aggressive interest rate cuts
The Jefferies strategist told CNBC that central bankers shouldn’t be daunted by the PPI showing inflation pressures hotter than expected.
Klarna’s loss widens as fintech readies another shot at New York listing
Revenues jump a fifth to $823mn as Swedish buy now, pay later group continues US expansion and neobank drive
Wholesale prices rose 0.9% in July, much more than expected
The producer price index was expected to a show a 0.2% increase for July, according to the Dow Jones consensus estimate.
Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut
Sumerlin said on CNBC that lowering the Fed’s key rate would be an easy decision now.