Big tobacco, big oil and Buffett join Fed's portfolioThe U.S. Federal Reserve bought $428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.1
Mark Zuckerberg had $7 billion wiped off his fortune as advertisers boycott Facebook. He's going to be just fine.An advertising boycott has sent Facebook execs scrambling, with the social media giant's top ad exec on Friday sending a memo to advertisers promising an external audit of its safety tools.
Why Warren Buffett Recommends This Book on Managing RiskWarren Buffett is no stranger to risk, but he does believe there should be a methodology behind it. To help develop that methodology, Buffett recommends Howard Marks’s book, "The Most Important Thing.” Hear more on Inc.’s Book Smart podcast: http://on.inc.com/fj6G5SG [Photo: CNBC / Contributor (Warren Buffett)]2