Kamala Harris is allegedly considering SEC chairman Gary Gensler as US Treasury Secretary if she wins the election, per DC Senate sources.
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Money markets currently see a 71.5% chance of a 50-basis-points rate cut by the Federal Reserve in September, with the possibility of two more cuts by the end of 2024, according to CME's FedWatch Tool.
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Berkshire has further reduced its stake by selling an additional 18.42 million shares valued at about $767 million. This brought Berkshire's holdings to 961.65 million shares, reducing its ownership to 12.49%.
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US Non-Farm Payrolls (NFP) report showed the US economy adding 206K jobs in June following the 218K expansion the month prior, while Average Hourly Earnings narrowed to 3.9% from 4.1% during the same period to mark the lowest reading since June 2021.
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