Etiqueta: Industry

US equities (^GSPC, ^DJI, ^IXIC) have rallied in the past few months, with some questioning whether "American exceptionalism" is driving this market activity. Outgoing Boeing (BA) CEO Dave Calhoun will testify before a US Senate panel on June 18 to address safety concerns about the Boeing 737 MAX. Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) is cutting its stake in Chinese EV maker BYD (BYDDY,1211.HK), selling nearly $40 million of its stock. The Biden administration is pushing back against former President Trump's plan to replace income taxes with tariffs. Meanwhile, US Treasury Secretary Janet Yellen has warned that the tariffs could make life even more unaffordable for American consumers. For more expert insight and the latest market action, click here.

BYD’s Australian importer has declared itself ready and able to withstand the pressure of more than a dozen new Chinese brands arriving in Australia keen to emulate its sales and steal away its market share.

Warren Buffett's hedge fund Berkshire-Hathaway continues to reduce its position in BYD stock, renewing concerns about Buffett's outlook on the EV industry

Europe, for all of its bluster, hasn’t taken a completely hard line against the import of Chinese electric cars and hybrids. The resistance in the United Kingdom has been even weaker. Now that the tariff issue has been temporarily resolved, China’s leading EV automaker has a gambit to pierce the heart of even the toughest […]

Asian equities were lower overnight as Japan significantly underperformed and closed lower by almost -2%, though volumes in the region were light due to market holidays.

With almost $40 million sold in this EV stock, Warren Buffett continues to trim his stake in the popular EV producer.

Tesla (TSLA) shareholders approve Musk's massive pay package, showing strong support. Meanwhile General Motors (GM) cuts forecast for EV production and sales for 2024.

On Déise Today we ran a feature, 'Drive Electric Week' in association with BYD Waterford. You can listen back to all features here.

Battery manufacturers BYD and CATL will start shipping LFP cells capable of 6C charging, which can fully charge in 10 minutes, by the end of the year