Berkshire Hathaway sells 1.1 million H-shares in China's BYD – Yahoo Finance

HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.058 million Hong Kong-listed shares of electric vehicle maker BYD at an average price of HK$191.44 ($24.52) per share, a stock exchange filing showed.
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 13.97% on Jan. 3 from 14.06%, a filing to the Hong Kong Stock Exchange showed on Monday.
($1 = 7.8068 Hong Kong dollars)
(Reporting by Meg Shen; editing by Jason Neely)
At the World Economic Forum in Davos, the world’s business leaders fretted over the possibility that inflation won’t fall back to central banks’ targets.
The government is in a doom spiral of spending and borrowing
Nvidia is a giant in data centers and gaming, but semiconductor companies are bracing for a bumpy 2023. Is Nvidia stock a buy right now? Recently, World Semiconductor Trade Statistics predicted that chip sales will decline 4.1% in 2023.
Higher interest rates and general economic troubles are weighing on the digital advertising market. Revenue at the parent company of Google rose 6% in the most recent quarter. First, Alphabet's revenue continues to gain in spite of headwinds.
Stock picking can boil down to a numbers crunching game, sifting through the ever-shifting data that pours in from the markets as thousands of investors make decisions on thousands of stocks. The permutations are endless. Not every investors has the time or ability to handle this sorting, but the data tools at TipRanks, especially the Smart Score, have already done the necessary collection and collation. The Smart Score algorithm, after gathering the latest information on every stock, sorts it a
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sitting on billions of dollars in cash. The reason isn’t that Buffett and Munger think they can wait for stocks to get even ch
The boom in special purpose acquisition companies (SPACs) and flurry of initial public offerings (IPOs) in 2020 and 2021 produced a lot of public companies that are starting to run into serious financial trouble in this difficult economic environment. Banking disruptor SoFi Technologies (NASDAQ: SOFI) was a product of the SPAC boom, and like many of its fellow ex-SPACs, its stock has performed poorly — down about 79% from the peak. In addition to the general cooling off of high-growth stocks, investors are frustrated that SoFi's core student loan refinancing business remains at a virtual standstill, and there are worries that higher interest rates could hurt its lending operations, by far the more profitable side of the business.
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) and U.S.-based EV charging infrastructure and software company ChargePoint Holdings (NYSE: CHPT) are two companies with growing revenue but troubled stock prices. Nio and ChargePoint saw their valuations surge during their peak in late 2021 — only to be cut down by over 70% from those highs today. Howard Smith (Nio): Nio is in the sweet spot for the growing global EV markets.
AT&T has had a negative return since the top of the dot-com bubble — but the picture changes dramatically when you measure its performance from different perspectives.
Finding young and growing tech stocks is crucial to any investor's portfolio. The explosive returns these investments can have on a portfolio can accelerate your financial goals faster than nearly any other investment — if purchased for the right price. Unfortunately, many investors found themselves on the wrong side of this coin during 2021, as many growth names were unrealistically valued.
Chinese stocks rebounded with Covid curbs easing, but soaring infections are a concern. E-commerce, solar and EV stocks are among the 5 best.
Bed Bath & Beyond is facing another critical challenge: staying listed on the Nasdaq Stock Market.
Three dividend stocks favored by a few contributors are Magellan Midstream Partners (NYSE: MMP), Energy Transfer (NYSE: ET), and NextEra Energy Partners (NYSE: NEP). Reuben Gregg Brewer (Magellan Midstream Partners): Some midstream companies, like Enterprise Products Partners or Kinder Morgan, have broadly diversified portfolios. Others, like Magellan Midstream Partners, are tightly focused on one business.
It's not a bad idea to check what stocks Warren Buffett's Berkshire Hathaway owns. A $1,000 investment in the company in 1965, when he took over, would have been worth $36 million through 2021. Keep in mind that many of Berkshire's stocks were not selected by Buffett, but were chosen by one of his investing lieutenants, Ted Weschler and Todd Combs, who have also have an impressive investing record.
Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) chairman and chief executive officer, Warren Buffett, is synonymous with investing success. This status as an all-time great investor is what makes it worthwhile to pay attention to the holdings in Berkshire Hathaway's investment portfolio. Compared to the global pure-play payments processing industry duopoly of Visa (NYSE: V) and Mastercard (NYSE: MA), American Express (NYSE: AXP) may sometimes seem like an afterthought.
Yahoo Finance Live anchors Seana Smith and Dave Briggs look ahead to the tech stock earnings due out next week.
Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.
(Bloomberg) — US technology stocks are about to hit their next hurdle when earnings season for the most influential segment of the S&P 500 Index gets underway in the coming week: vanishing profits. Most Read from BloombergHolmes Belongs in Prison, Not $13,000-a-Month Manor, US SaysJPMorgan Model Shows Recession Odds Fall Sharply Across MarketsMilan Luxury Real Estate Booms as Bankers Leave London for ItalyBeyonce Launches $100,000-a-Night Dubai Resort’s Luxury BetGoogle to Cut 12,000 Jobs in 6%
The precious metal’s revival could signal a rekindling of inflation—and bad news for stocks and bonds. It’s doing something it hasn’t done in a half-century.
For most investors, last year served as a reminder that the stock market doesn't move up in a straight line — even if 2021 made us believe it did. The start of a new year brings with it new opportunity for the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and tech-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC), to break out of their respective bear markets.


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