Berkshire Hathaway Inc

Chinese tourists walk past an installation depicting Taiwan (R) and mainland China at a tourist area on Pingtan island, the closest point to Taiwan, in China's southeast Fujian province on April 6, 2023.Greg Baker | AFP | Getty ImagesFraying U.S.-China relations and rising tensions over Taiwan have influential business leaders such as Elon Musk and Warren Buffett sounding alarms about a possible invasion – a matter that will likely loom over the 2024 election.China is already bound to be a major issue in the U.S. campaign…

Ford Motor 's (F) decision to scale back future investments in China is a prudent step for the automaker whose business there has been struggling to meet Chinese consumer preferences for electric vehicles. In an interview in The Financial Times on Tuesday, Ford CEO Jim Farley said there's no guarantee that Western electric vehicle automakers in China can prevail ahead of popular domestic EV competitors such as Warren Buffett-backed BYD and Great Wall Motor. Ford's American rival Tesla (TSLA) also has a major foothold in…

Taiwanese chipmaker TSMC is expected to post a 5% fall in first-quarter net profit, with global economic woes denting demand for semiconductors used in everything from cars to advanced computing extending into the current quarter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, is likely to report net profit for the January-March period of T$192.5 billion ($6.30 billion), down from T$202.7 billion a year earlier, according to the average of 21…

Billionaire investor Warren Buffett said Norfolk Southern botched the response to its East Palestine, Ohio, train derailment in February, an accident that spilled toxic chemicals into the environment."I think they've handled it terribly," the Berkshire Hathaway chairman and CEO said Wednesday in an interview with CNBC's Becky Quick from Tokyo on "Squawk Box."Buffett, whose BNSF Railway competes with Norfolk Southern, said Norfolk was "tone deaf" for its handling of the Feb. 3 derailment in Ohio."I don't think they're…

BYD's Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.Evelyn Cheng | CNBCSHENZHEN, China — Electric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition. BYD, backed by Warren Buffett's Berkshire Hathaway, announced Monday a new technological system for stabilizing car rides through rugged terrain, sharp turns and even shallow water. The shock absorption tech is set to be a feature…

People walk along 5th Avenue in Manhattan, one of the nation's premier shopping streets on February 15, 2023 in New York City.Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayU.S. retail sales in January jumped 3%, versus an expected 1.9%. The figure handily beat a…

People walk along 5th Avenue in Manhattan, one of the nation's premier shopping streets on February 15, 2023 in New York City.Spencer Platt | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayU.S. retail sales in January jumped 3%, versus an expected 1.9%. The figure handily beat a decline of 1.1% in…

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Microsoft 's (MSFT) nearly $69 billion cash offer to buy video game giant Activision Blizzard (ATVI) has been under tremendous scrutiny since it was first announced back in January. But at least one Wall Street research firm says it's highly likely that the deal will be completed in the near future. We tend to agree. While Club holding Microsoft would shell out a big premium for ATVI shares based on current market prices, the tech giant was always prepared to pay up for what Activision Blizzard's popular games such as…

Berkshire Hathaway Inc, run by billionaire Warren Buffett, on Friday warned investors it has no affiliation with a purported cryptocurrency brokerage website using the Berkshire Hathaway name. The website describes its operator as a Texas-based broker founded in 2020 to give investors "an opportunity to achieve a completely passive income from investment in cryptocurrency mining." It includes purported customer testimonials and says the broker is regulated in the United States, United Kingdom, Cyprus and South Africa,…