Fed seen edging rates as job gains loom large
After a solid July employment report with 215,000 added jobs and unemployment near 5.3 percent, economists expect the Federal Reserve to raise short term rates next month for the first time since 2006. The move would lift borrowing costs for mortgages, autos, and business loans, with some analysts doubting a September hike.
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Berkshire Hathaway Post 37 Percent Drop in Q2 Earnings
Warren Buffett's Berkshire Hathaway reports a 37 percent decline in quarterly net income to 4.01 billion dollars as paper gains and insurance underwriting results influence the figures. Revenue rises to 51.4 billion with expectations of a later 7 billion Kraft Heinz gain.
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Warren Buffett
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Berkshire
nTackeries
Kraft Heinz Food Company
Kraft
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