Etiqueta: News

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.

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.

Berkshire Hathaway continues to trim its stake in BYD Company, a leading electric vehicle maker, as the company positions itself for global growth.

China's BYD has made a name for itself in the highly competitive Chinese auto market and the fact that Berkshire picked the company's stock over Tesla is a testament to its strength.

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.

BYD and CATL (Contemporary Amperex Technology Co Ltd) reportedly aim to launch a new electric vehicle (EV) battery with a 6C charge rate.

The Sealion 6 is BYD's first plug-in hybrid in Australia. Is it good enough to challenge the Toyota RAV4?