Warren Buffett’s Berkshire Hathaway buys stakes in Japan’s five leading trading companies

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Warren Buffett

Gerry Miller | CNBC

They say 90 is the new 70, and in Warren Buffett’s case it may be true.

The chairman and CEO of Berkshire Hathaway announced today, on his 90th birthday, that his company has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies. The companies are Itochu Corp., Marubeni Corp., Mitsubishi, Mitsui & Co., and Sumitomo Corp. Berkshire said it acquired the holdings over a roughly 12-month period through regular purchases on the Tokyo Stock Exchange. Based on Friday’s closing prices for the trading houses, a 5% stake

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Stock futures rise as Wall Street wraps up its best August in more than 30 years

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Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange.

Johannes Eisele | AFP | Getty Images

U.S. stock futures rose on Sunday night as traders were set to end the market’s best August performance since the 1980s.

The S&P 500 is up 7.2% month to date, putting the broader-market index on track for its biggest August gain since 1984. The Dow has rallied more than 8% this month and is also headed for its best August in 36 years.

This month’s gains have pushed the S&P 500 to record levels,

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