Tesla and its rival electric vehicle manufacturers in China signaled a truce after a months-long price war and agreed to a “socialist values” pledge. Tesla CEO Elon Musk, who is also the owner of Twitter and SpaceX, and Chinese automaker CEOs, agreed to adhere to a “core socialist values” pledge and to compete fairly in…
Tesla and Chinese Rivals May Sign Truce After EV Price War With Socialist Values Pledge
July 6, 2023
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Warren Buffett’s Charitable Giving Tops $51 Billion
Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities, boosting his total giving since 2006 to more than $51 billion. The annual donation made on Wednesday is the 92-year-old Buffett’s largest, and consisted of about 13.7 million of Berkshire’s Class B shares. Buffett is donating 10.45 million shares to the…
Japan Remerges From 30 Years of Economic Malaise
May 30, 2023
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anti-CCPAsia & PacificChina Newsfumio kishidaG7 summitInternational RelationsJapan economyMitsubishiquadThreat from Communist ChinaUS-China relationsWarren BuffettWorld
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Global chip makers are expanding their operations in Japan as the East Asian nation’s economy recovers from a 30-year low. According to the Nikkei Chinese website, Japan’s stock market has been on a winning streak, closing at 31,086.82 on May 22—the first time it exceeded 31,000 points since July 26, 1990 (31,369.75). It was the…
Japan Emerges From 30 Years of Economic Malaise
May 30, 2023
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anti-CCPAsia & PacificChina Newsfumio kishidaG7 summitInternational RelationsJapan economyMitsubishiquadThreat from Communist ChinaUS-China relationsWarren BuffettWorld
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Global chip makers are expanding their operations in Japan as the East Asian nation’s economy recovers from a 30-year low. According to the Nikkei Chinese website, Japan’s stock market has been on a winning streak, closing at 31,086.82 on May 22—the first time it exceeded 31,000 points since July 26, 1990 (31,369.75). It was the…
Berkshire Hathaway Annual Meeting: Buffett Bullish on America Despite Political Divisions
Billionaire Warren Buffett said during Berkshire Hathaway’s annual meeting in Omaha that he’s bullish on America’s economic prospects despite the bitter political divisions of today, although value investors like himself should get used to “making less” in part because so many are following similar strategies. In the annual event that Buffett calls the “Woodstock for…
Warren Buffet Bets $1 Million That No American Will Lose Money in Coming Bank Failures
Billionaire investor Warren Buffett predicts more U.S. banks will fail, yet he’s so confident that not a single American depositor will lose any money in a bank collapse thanks to federal deposit insurance that he’s willing to bet $1 million on that outcome. “We’re not through with bank failures,” Buffett said in an interview on CNBC’s…
LIVE NOW: NTD Business (Feb. 27): Warren Buffett Defends Stock Buybacks; Gov. DeSantis Takes Over Disney District
Norfolk Southern is now facing a class action lawsuit from the residents of East Palestine, Ohio, where a toxic train derailed. Meanwhile, Sen. JD Vance (R-Ohio) is proposing federal aid to help the town survive. Florida Gov. Ron DeSantis takes away Disney World’s self-governing status. What does it mean for the theme park? The Supreme…
NTD Business (Feb. 27): Warren Buffett Defends Stock Buybacks; Gov. DeSantis Takes Over Disney District
Norfolk Southern is now facing a class action lawsuit from the residents of East Palestine, Ohio, where a toxic train derailed. Meanwhile, Sen. JD Vance (R-Ohio) is proposing federal aid to help the town survive. Florida Gov. Ron DeSantis takes away Disney World’s self-governing status. What does it mean for the theme park? The Supreme…
Warren Buffett Preaches Confidence in America, Warns ‘Deficits Have Consequences’
In his annual letter (pdf) to Berkshire Hathaway shareholders, Warren Buffett touted his confidence in the U.S. economy while also warning about “runaway inflation” from the consequences of fiscal deficits over the last decade. Buffett, 92, encouraged investors to concentrate on the long term rather than short-term volatile conditions, arguing that betting against the United…
4 Warren Buffett Stocks to Buy and Never Sell
This story originally appeared on StockNews Legendary investor Warren Buffett’s holding company Berkshire Hathaway has outperformed the broader market over the past year. His investment portfolio has been a guide for several long-term investors for decades. Amid a highly uncertain market and economic backdrop, Warren Buffett holdings Procter & Gamble (PG), AbbVie (ABBV), Biogen (BIIB),…
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