Buffett’s Berkshire Hathaway Tops $1 Trillion in Market Value

Published on August 28, 2024

Berkshire Hathaway Inc. became the first US company outside of the tech sector to surpass $1 trillion in market value.

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SEC scraps swing pricing plan for mutual funds

August 28, 2024
The US Securities and Exchange Commission has retreated from a plan that would have forced many mutual funds to overhaul their pricing models.The original proposal would have imposed so-called swing pricing during periods of high redemptions, making it costlier for investors to cash out when markets are roiled. It drew strong opposition not only from the industry but also from Democratic lawmakers

Big Tech Dominance Is Forcing Index Superpowers to Rethink Rules

August 28, 2024
The Big Tech boom is causing headaches for all-powerful index providers on Wall Street, who can send billions of benchmark-tracking dollars on the move with just a stroke of the pen.