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Iran-US war latest: Trump's military chiefs ‘push to speed up weapons production' amid Hormuz deal deadlock independent.co.ukThe U.S. Is Burning Through Weapons in Iran. Russia and China Are Taking Note. The New York TimesPentagon pushes defense companies to boost weapons production after concerns of depleted stocks AP NewsPentagon presses defense firms to build weapons as Iran war depletes stocks The Washington Post
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Bulgaria, Germany drone incidents raise security fears amid Ukraine war Al JazeeraA drone likely from Ukraine explodes in Bulgaria near a gas pipeline AP NewsBulgaria says drone explodes in its airspace, no damage ReutersBulgaria Says Drone Crashes Near Romanian Border, Gas Pipeline Bloomberg.com
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A strong earnings report reveals that new CEO Greg Abel dipped into Warren Buffett's $380 billion cash reserve to buy back stock, boost Berkshire's stake in Alphabet, and pursue one of its biggest acquisitions in years. One weak spot: GEICO.
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Companies in the Stoxx Europe 600 are on track to deliver a 22% increase in profits in the second quarter
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Pentagon pushes defense companies to boost weapons production after concerns of depleted stocks AP NewsThe U.S. Is Burning Through Weapons in Iran. Russia and China Are Taking Note. nytimes.comPentagon said to ask US arms firms to speed up output as Iran war exhausts supply The Times of IsraelTrump, Hegseth clashed at Camp David over Iran missile depletion concer
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China's monthly inflation cools as impact from Iran war eases Financial TimesChina Inflation Cools More Than Expected in July WSJChina July factory-gate inflation eases to 3-month low, CPI slows ReutersChina's factory-gate prices growth slows to 3.5% in July amid lower fuel prices South China Morning Post
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Warren Buffett's successor is finally spending the huge cash pile he built at Berkshire Hathaway businessinsider.comBerkshire Hathaway, Under a New CEO, Starts to Spend Its Cash Pile WSJBerkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile dallasnews.comBerkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard CNBC
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Berkshire Hathaway's cost basis for these three stocks is so low that Buffett's company is generating respective yields on cost of 60%, 33%, and 34% each year!
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The net worth of the wealthiest Americans dramatically rebounded as Covid-19 cases rose; China companies that took care of apartment complexes appealed to investors, and U.S. ccompanies were expected to offer more warnings during earnings season.
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