Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%

Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China’s biggest electric vehicle maker. Warren Buffett’s conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing to the Hong Kong Stock Exchange. The sale reduced Berkshire’s holding to 6.9%, […]

Stock Market Today: Nasdaq clinches all-time high close as tech reigns supreme

The Nasdaq closed at a record high Friday, led by tech and expectations for Federal Reserve rate cuts later this year, though a dent in consumer sentiment kept gains in check. At 16:00 ET (20:00 GMT), the NASDAQ Composite was up 0.2% to close at record high of 17,693.43. The Dow Jones Industrial Average fell 57 points, or 0.2%, S&P 500 dropped […]

Worldline in exclusive talks for Credem’s shop payments business

Credem (EMBI.MI), opens new tab has picked France’s Worldline (WLN.PA), opens new tab as the preferred bidder to buy its business to handle payment services for shopowners, the Italian bank said on Tuesday, after running a tender that involved the sector’s main players. This is the latest sale of a bank’s ‘merchant book’, meaning contracts with retailers to process […]