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Continue ReadingSTORY: From Japan doing a deal on trade, to why Elon Musk says Tesla could hit a rough patch, this is the Week in Numbers.GRAPHIC 15%15% is the tariff set for Japanese goods by Donald Trump.“But I just signed the largest trade deal in history, I think maybe the largest deal in history with Japan.”The rate is less than threatened, and will cut the current duty on Japan’s key car exports.The news sent auto stocks surging in Tokyo, and one analyst said it could also mean the country can dodge a recession.GRAPHIC 12%12% was the plunge in sales for Tesla, marking its second straight quarterly drop.And boss Elon Musk said the firm could face a “few rough quarters”, not helped by Washington phasing out support for EVs.A cheaper new model could offer a boost, but production won’t ramp up for a while and investors aren’t happy, with Tesla shares plunging following the new figures.GRAPHIC $8.4 billion$8.4 billion is the value put on the merger between Paramount and Skydance, which has now got the green light from U.S. regulators.The deal had become politically charged, after Paramount paid millions to settle a lawsuit brought by Donald Trump over reporting by its CBS News unit.Critics including “Late Show” host Stephen Colbert have called the payment a “bribe” to secure the merger’s approval.GRAPHIC $50 billion$50 billion is how much AstraZeneca says it will invest in the U.S. by 2030.The drugs giant follows rivals in making a big pledge, as the industry scrambles to prepare for possible U.S. tariffs.For now it remains unclear when new duties might kick in, or at what level they will be set.GRAPHIC $1 billionAnd over $1 billion was the hit to profits for General Motors as a result of Trump’s tariffs.The auto giant says the trade turmoil could cost it $5 billion over the full year.Analysts say GM may need to cut investment plans to make up for the cost of the tariffs...
Continue ReadingWarren Buffett's simple investment strategy has propelled Berkshire Hathaway to market-beating returns since 1965. Buffett has invested in over 100 different companies, including giants like Apple, Coca-Cola, GEICO Insurance, and American Express. In 1965, Warren Buffett took a controlling stake in a struggling textiles company called Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B)...
Continue ReadingGOOGL jumps on strong Q2 results, lifting ETFs like MAGS, IXP, FCOM, VOX and XLC with heavy Alphabet exposure...
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