How SEC's Cyber Rules and China's Banking Decisions Impact Warren Buffett's Berkshire Hathaway?
Portfolio Pulse from Mohit Manghnani
The US Securities and Exchange Commission (SEC) has introduced new cybersecurity regulations requiring public companies, including Berkshire Hathaway Inc. (BRK-B), to report significant cybersecurity incidents within four business days. Additionally, the People's Bank of China's (PBOC) decision to maintain the benchmark rate for home mortgages while reducing shorter duration rates could have economic implications for BRK-B.

August 23, 2023 | 2:03 pm
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Berkshire Hathaway Inc. (BRK-B) could be impacted by the new SEC cybersecurity regulations and the PBOC's rate decisions.
The new SEC regulations could increase operational costs for BRK-B due to the need for enhanced cybersecurity measures and reporting. Additionally, the PBOC's rate decisions could affect BRK-B's revenue and profit generation capabilities.
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