US investors are hoping for a rate cut

Berkshire Hathaway: Warren Buffett cannot find any attractive investment properties and allows his holding company’s reserves to rise to record levels. At the end of last quarter, Berkshire Hathaway had around $189 billion (175.5 billion euros) in cash and short-term government bonds. At the annual shareholder meeting in Omaha on Saturday, Buffett said reserves were expected to break $200 billion after the current quarter. Buffett emphasized that Berkshire would like to invest the money, “but we will only spend it on something that is low risk and can make us a lot of money.” The share is up around 0.3 percent.