Warren Buffett's Berkshire Hathaway has increased its holdings in Japan's five largest trading houses, signaling confidence in the
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2023-06-21 | Sign Up | View Online | Advertise
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Market Snapshot 📷
S&P 500 4,388.71 -0.47%
Nasdaq 13,667.29 -0.16%
Dow 34,053.87 -0.72%
10-Year 3.719% -0.05%
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Markets & Economy
China cuts two more key lending rates as economy sputters (2 min read)

The People's Bank of China has cut another two key lending rates, the one and five-year loan prime rates, to stimulate economic growth. Although the rate cuts alone may not have a significant impact, they serve as a signaling tool, suggesting that other measures such as adjustments to reserve requirements or bank loan quotas will be implemented. The move was widely expected after a slew of economic data fell short of expectations recently. Top investment banks have also slashed their GDP estimates for China and warned of headwinds ahead.
U.S. Loses Ground in World Competitiveness Ranking (1 min read)

Denmark, Ireland, and Switzerland are ranked as the most competitive economies in the world according to the 2023 World Competitiveness Ranking by the IMD. These countries, known for their agility and adaptability, have small economies that enable them to respond quickly in today's fast-paced globalized world. In contrast, the United States has experienced a gradual decline due to its federal system and slow legislative process, ranking ninth this year. The full list of the top 10 competitive economies is available in the article.
Business & Stocks
Warren Buffett pours more money into Japan’s stock market (2 min read)

Warren Buffett's Berkshire Hathaway has increased its holdings in Japan's five largest trading houses, signaling confidence in the country's stock market. Berkshire's stakes in those five Japanese companies now average over 8.5%, with plans to potentially increase them to 9.9%. They are also currently Berkshire’s largest investments in publicly traded stocks outside of the United States. Buffett’s optimism about Japan has drawn attention to the country’s improving economic conditions, which helped the Nikkei share average rally 28% this year.
Google Seeks Suppliers to Move Some Pixel Production to India (2 min read)

Google is reportedly exploring the possibility of assembling its Pixel smartphones in India, following a strategy similar to Apple's diversification beyond China. The company has already initiated discussions with several Indian companies. By leveraging India's production-linked financial incentives, which have attracted many tech players globally, Google aims to expand its supplier base and benefit from the local manufacturing boost. India has been growing popular as an alternative manufacturing hub for companies seeking to reduce their reliance on China.
Funds & ETFs
Best REIT ETFs: Top real estate funds for investors (6 min read)

Real estate investment trusts (REITs) offer exposure to income-generating real estate without the need to physically own any property. This vehicle has always been popular among investors for its ability to diversify a portfolio since they typically have lower correlations to the performance of stocks and bonds. However, researching and finding the right REITs could be time-consuming, which is why investing in it through an ETF may be an easier choice. This article highlights the current top US-listed REIT ETFs and some of the pros and cons of this asset class.
Here's the Secret Behind Cathie Wood's Latest Moneymaking Strategy (3 min read)

Cathie Wood's Ark Invest ETFs have experienced significant gains this year, with all six ETFs soaring by at least 20% and half of them up more than 40%. The main strategy she used this year involves investing heavily in gene-editing stocks despite these companies not yet having products on the market. She is betting on the future potential of gene editing to revolutionize disease treatment and deliver substantial returns. Additionally, she has been active in shifting between these stocks based on performance, a strategy that yielded positive results so far.
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