Finance & Banking
Warren Buffett’s Berkshire Hathaway Sheds Citi Stake, Trims Other Big Bank Holdings

Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) offered its shares of Citigroup (C) throughout the first quarter, whereas trimming its stakes in Financial institution of America (BAC) and Capital One (COF).
Berkshire shed its greater than 14.6 million shares of Citigroup within the first three months of the 12 months, a 13-F submitting revealed Thursday. The shape, which gives a snapshot of Berkshire’s portfolio on the finish of the quarter, doesn’t seize any adjustments the corporate would have made because the finish of March.
The conglomerate additionally trimmed its long-term holding in Financial institution of America by 48.6 million shares. It decreased its stake in Capital One by 300,000 shares, and shed all its shares in Brazilian fintech agency Nu Holdings (NU). Berkshire shrank its Liberty Media Collection C Components One (FWONK) stake, and offered shares of Constitution Communications (CHTR), DaVita (DVA), and T-Cellular (TMUS) too.
In the meantime, Buffett’s agency greater than doubled its place in alcoholic beverage maker Constellation Manufacturers (STZ) to only over 12 million shares. Shares of the Modelo father or mother climbed shut to three% in after-hours buying and selling.
Berkshire additionally added practically 240,000 shares of Domino’s Pizza (DPZ) and over 112,000 shares of electronics agency Heico (HEI). It expanded positions in VeriSign (VRSN), Sirius XM (SIRI), Pool Corp. (POOL), and Occidental Petroleum (OXY) as nicely.
After trimming its stake in Apple (AAPL) final 12 months, Berkshire didn’t make any adjustments to its place within the iPhone maker throughout the interval.
Shares of Berkshire have taken successful within the wake of Buffett’s announcement earlier this month that he plans to step down as CEO, with vice chair Greg Abel set to take the helm at year-end. Nonetheless, they’ve outperformed the broader market, with shares up about 12% because the begin of the 12 months, whereas the S&P 500 added simply 0.6%.
Finance & Banking
US Completes ‘Very Successful Attack’ on Iran Nuclear Sites, Trump Says

President Donald Trump stated Saturday evening that Iran’s nuclear websites “have been utterly and completely obliterated” by U.S. navy strikes.
Earlier Saturday night, Trump posted on his Reality Social community that the U.S. “accomplished our very profitable assault” on three Iranian nuclear amenities.
Trump then addressed the nation from the White Home and stated that “the strikes have been a spectacular navy success.” He added that that Iran “should now make peace,” and that “future assaults can be far better and quite a bit simpler.”
Trump had stated Thursday that he would take two weeks to determine whether or not to affix Israel in navy motion in opposition to Iran. Israel has bombed Iranian nuclear and navy targets for greater than every week, and markets have been contending with geopolitical danger and the potential of an inflationary oil supply shock since.
Finance & Banking
AAA Sees Record Number of Americans Traveling Domestically July 4th Week

The American Vehicle Affiliation is anticipating a file variety of Individuals to journey throughout the U.S. throughout the Independence Day vacation interval.
AAA is projecting 72.2 million folks to journey no less than 50 miles from residence between Saturday, June 28, and Sunday, July 6. That will symbolize 1.7 million extra vacationers from final yr and seven million greater than in 2019.
“With the vacation falling on a Friday, vacationers have the choice of constructing it an extended weekend or taking the complete week to make reminiscences with household and associates,” AAA Journey Vice President Stacey Barber stated.
AAA is anticipating file journey by each automotive and air. It stated it tasks 61.6 million folks to journey by automotive, up 2.2% from final yr, and 5.84 million vacationers to fly, up 1.4%. It stated 8% of all Independence Day vacationers are anticipated to fly.
Boosting automotive journey are gasoline costs that “are nonetheless the bottom they’ve been since 2021” regardless that the Iran-Israel battle has elevated the worth of oil in current days, AAA stated. “Escalation and length of the battle are two components to observe. Climate can be a wild card.”
Finance & Banking
Uber Expands AI Solutions Business, Sets Up New Foundry

KEY TAKEAWAYS
- Uber Applied sciences mentioned Friday it’s increasing its AI knowledge companies enterprise, opening up operations to help AI labs and enterprises globally in addition to establishing a brand new foundry.
- The ride-hailing big mentioned it might develop Uber AI Options to supply “personalized knowledge options for constructing smarter AI fashions and brokers, world digital process networks, and instruments to assist corporations construct and take a look at AI fashions extra effectively.”
- Uber additionally mentioned it’s launching a brand new foundry to coach giant AI fashions.
Uber Applied sciences (UBER) mentioned Friday it’s increasing its AI knowledge companies enterprise, opening up operations to help AI labs and enterprises globally in addition to establishing a brand new foundry.
The ride-hailing big mentioned it might develop Uber AI Options to supply “personalized knowledge options for constructing smarter AI fashions and brokers, world digital process networks, and instruments to assist corporations construct and take a look at AI fashions extra effectively.”
“We’re bringing collectively Uber’s platform, folks, and AI methods to assist different organizations construct smarter AI extra rapidly,” Uber AI Options head Megha Yethadka mentioned.
Uber additionally mentioned it’s launching a brand new foundry utilizing “custom-collected datasets—together with audio, video, picture, and textual content” to coach giant AI fashions.
Uber shares rose about 1.5% on the opening bell Friday. They’re up roughly 40% this yr.
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