Gold is often thought of as a safe haven asset and a hedge against inflation, and investors and speculators pile into the yellow metal at times of economic uncertainty. The precious metal, however, has not capitalized on its strength amid the current downturn.
Now that President Joe Biden signed the Inflation Reduction Act, the agriculture industry is anticipating roughly $20 billion in subsidies over the span of 10 years to encourage farmers and ranchers into using environmentally friendly practices to reduce carbon emissions.
Amazon.com, Inc. (NASDAQ: AMZN) founder Jeff Bezos slammed U.S. President Joe Biden and the White House in early July when the billionaire criticized the commander in chief for calling on companies running or supplying gasoline stations to lower their prices.
Warren Buffett and his $657.6-billion holding company Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) owned zero shares of Occidental Petroleum Corporation (NYSE: