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Did Buffett see BYD’s one problem?

After years of sitting on an over 20% stake in China’s BYD Co, Warren Buffett’s Berkshire Hathaway may be mulling an exit. A similarly-sized position showed up in Hong Kong’s clearing system, fuelling worries that the Sage of Omaha was over the hot Chinese electric vehicle and battery maker. It sure seemed like odd timing: BYD has risen to the ...

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Hong Kong’s new future as a ‘quarantine haven’

  The world has moved on. Many have packed up and left. Those still living in Hong Kong seem to fall easily into a mental coma induced by years of Covid-19 restrictions. With its border to mainland China — and everywhere else — still partly shut, this island city can feel suffocating. But pessimism is not in our nature. Now ...

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Dems scapegoat Biden for their misjudgments

  Democratic discontent with President Joe Biden is boiling over into the press. His polling is abysmal, his age is showing and the Democrats are facing a potential wipeout in the midterm elections in November. Democrats are taking their complaints, mostly off the record, to reporters. Democratic commentator Ed Kilgore forecasts that “if things go as badly as expected for ...

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