What began quietly years ago has grown into a defining long-term play for Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK), as the company signals no intention of slowing down or reassessing its $20 billion bet on Japanese trading companies, amid a changing macro climate. What Happened: On Saturday, during Berkshire’s annual shareholder meeting, Warren Buffett addressed a question from the audience regarding the company's investments in Japan and his outlook on the same in light of a potential inte
Oil prices fell Monday after the OPEC+ group of oil producing nations said it plans to increase output. During the weekend, the OPEC+ group of eight nations announced it will raise its output by 411,000 barrels per day as of June 1, stepping up production increases. The group said strong fundamentals were behind the decision, though analysts also speculated that it might reflect a desire to curry favor with U.S. President Donald Trump before he makes a visit to the Middle East later this month.
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