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European Midday Briefing: Gains for Miners Help -2-

08/16/2022 | 05:33am EDT

The so-called bivalent vaccine is directed against both the original strain of SARS-CoV-2, the virus that causes Covid-19, and the first Omicron variant, also known as BA.1, which drove large waves of infection over the winter.


GLOBAL NEWS

There Is No Preset Path for Australian Rate Rises, RBA Says

SYDNEY-The Reserve Bank of Australia is staying flexible on the size and pace of future interest-rate rises, underlining in the minutes of its Aug. 2 board meeting the need to respond to a shifting inflation outlook and labor data.

The minutes, published Tuesday, repeated the RBA's warning that the path to reining in inflation while maintaining economic growth is narrow.


Warren Buffett's Berkshire Hathaway Keeps Spending Through Volatile Markets

Warren Buffett's Berkshire Hathaway Inc. scooped up millions more shares of Apple Inc. and doubled down on its energy investments, while the stock market swooned in the second quarter.

The moves were made public in Berkshire's 13F filing, which was released after the stock market closed Monday. Regulations require institutional investors managing more than $100 million to file the form, which lays out firms' equity holdings as of the end of the most recent quarter, as well as the size and market value of their positions.


Freight Demand Is Moderating Heading Toward the Fourth Quarter


Write to paul.larkins@dowjones.com

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This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

08-16-22 0532ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -4.91% 142.48 Delayed Quote.-14.54%
BERKSHIRE HATHAWAY INC. -0.98% 406700 Delayed Quote.-10.91%
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