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Warren Buffett's $35 Billion Bet on Tim Cook's Apple Grew to $185 Billion Pretax. Here's What That Stake Says About Long-Term Investing.

Key PointsIt's been 10 years since Berkshire Hathaway first invested in Apple stock.

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Fed official says inflation fight will likely be ‘painful’

A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation . Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is facing a series of persistent supply shocks that have driven…

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