Is Warren Buffett ditching China's electric car giant? Investors think so
CNN
It looks like Warren Buffett has given up on BYD, China's biggest home-grown electric vehicle maker.
Shares of BYD in the United States tumbled 11% Tuesday after Hong Kong's Central Clearing and Settlement System recorded a massive 225-million-share increase in Citibank's BYD stock holdings, Reuters reported. That's the exact number of BYD shares that Buffett's Berkshire Hathaway had owned.
Berkshire did not respond to a request for comment, and it may not be known whether Buffett sold the stake until the company's next quarterly regulatory disclosure, set for mid-August. Shares of Berkshire Hathaway (BRKA) rose less than 1% Tuesday.
Top Trump Cabinet secretaries and national security officials are holding meetings this week to discuss the administration’s next steps on Ukraine – including the prospect of suspending military aid – following the spectacular collapse of Friday’s Oval Office meeting between President Donald Trump and Ukrainian President Volodymr Zelensky.
Mexico has extradited 29 alleged criminals to the United States, among them the so-called “narco of narcos” Rafael Caro Quintero, many accused of murder and several alleged members of cartels now designated as Foreign Terrorist Organizations.
The trial of a suburban Chicago man accused of a mass shooting at a 2022 Independence Day parade that killed seven people and wounded dozens more is set to begin Monday.
A top official at the US Agency for International Development (USAID) was put on leave after issuing a scathing memo blaming Trump political appointees for the US government’s inability to conduct life-saving humanitarian work.
The CEO of a plant in Georgia that makes a special peanut butter paste for severely malnourished children around the world told CNN Sunday that his company’s contracts with the US Agency for International Development that had been abruptly canceled last week were all reinstated late Sunday night.
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President Donald Trump’s efforts to drastically cut federal spending and slash the federal workforce are already having an impact in North Carolina.
The once-obscure Office of Personnel Management, essentially the human resources department of the federal government, is now ground zero for Elon Musk and President Donald Trump’s efforts to slash bureaucracy and deconstruct vast portions of the administrative state.
“A lot of people are focused on the courts generally, and on my court in particular,” Justice Elena Kagan said.
A magnitude 3.9 earthquake struck the San Fernando Valley at roughly 10:15 p.m. Sunday night and was felt in and around Los Angeles, according to the United States Geological Survey.
Miami Beach officials recently announced they were bringing back enhanced security measures for practically the entire month of March, including parking restrictions and increased fees for nonresidents.
The US has suspended operations and planning for offensive cyber operations against Russia, a senior US official told CNN.
First lady Melania Trump is expected to speak publicly Monday, for the first time since her husband returned to office, highlighting her support for a bill aimed at protecting Americans from deepfake and revenge pornography.