Business

Biden pitches $174 bln EV plan in Michigan, takes truck for a spin

President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.

FTSE 100 drops as commodity stocks weigh, inflation doubles

London’s FTSE 100 slipped on Wednesday, dragged down by heavyweight commodity stocks, while a bigger-than-expected jump in inflation stoked fears that the central bank may tighten its monetary policy earlier than expected.

Berkshire sheds nearly all of Wells Fargo, a holding since 1989

Berkshire Hathaway Inc (BRKa.N) has sold nearly all of its holdings in Wells Fargo & Co (WFC.N), as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers.

Italy’s Berlusconi family sells Mediobanca stake

Former Italian Prime Minister Silvio Berlusconi’s family has sold its 2% stake in Mediobanca (MDBI.MI), in the latest change affecting the shareholder base of Italy’s top investment bank.

Biden pitches $174 bln EV plan in Michigan, takes truck for a spin

President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.

FTSE 100 drops as commodity stocks weigh, inflation doubles

London’s FTSE 100 slipped on Wednesday, dragged down by heavyweight commodity stocks, while a bigger-than-expected jump in inflation stoked fears that the central bank may tighten its monetary policy earlier than expected.

Berkshire sheds nearly all of Wells Fargo, a holding since 1989

Berkshire Hathaway Inc (BRKa.N) has sold nearly all of its holdings in Wells Fargo & Co (WFC.N), as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers.

Italy’s Berlusconi family sells Mediobanca stake

Former Italian Prime Minister Silvio Berlusconi’s family has sold its 2% stake in Mediobanca (MDBI.MI), in the latest change affecting the shareholder base of Italy’s top investment bank.

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