Dubai authorities intend to increase the number of city beaches by five times...
Buffett buys a stake in Occidental Petroleum
Warren Buffett is adding Occidental Petroleum shares to his portfolio. The US authorities allowed the billionaire to increase his share in the company to 50% of securities.
Buffett’s Berkshire Hathaway Fund has acquired shares of the company before.
On the one hand, Occidental Petroleum has a solid foothold to withstand a period of rising interest rates.
On the other hand, Buffett considers investment processes in terms of decades. Not everyone will be able to see the full effect of this decision.
Occidental Petroleum shares are rising to $68.45, the consensus forecast is $73-75 for the coming year.
Pension funds invest in power plants
Power plants, telecommunications towers and data centers are the three objects that attract investment at a record pace.
Investment companies note a rapid growth of interest: this year infrastructure funds attracted $130 billion, despite the fact that they recorded an influx of $125 billion over the past year.
The majority of investors are state pension funds, including Alaska and New York.
Such facilities can develop even under the condition of rapid inflationary growth. It seems that there is a promising idea here.
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