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Big tobacco, big oil and Warren Buffett join the Fed's portfolio

6 years 3 months ago
The 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, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.
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13 minutes 19 seconds ago
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