Citigroup's BYD stock transfer remains unsolved Buffett did not publish a shareholding reduction announcement
On July 11, Citigroup's seats suddenly increased by about 225 million shares BYD shares . The market suspects that Buffett's companies are preparing to reduce their holdings after moving their positions. As of press time, the custody volume of BYD H shares of Citigroup has not decreased but increased compared with July 11. BYD's major shareholders, including Berkshire , have not published announcements on share changes.
Note: According to Hong Kong regulations, major shareholders of listed companies holding more than 5% of the shares must report within 3 trading days when the increase or decrease in their shareholdings reaches certain standards.
SK Hynix, the world's second-largest memory chip maker, is considering cutting capital expenditures in 2023 by about a quarter to 16, according to people familiar with the matter. trillion won ($12.2 billion) in response to slower-than-expected demand for electronic products.
People familiar with the matter said that the company is basically on schedule to spend about 21 trillion won this year to build DRAM and NAND production capacity. However, uncertainty over falling demand for chips in various fields including smartphones and servers has forced the company to reconsider its expansion plans for next year.
Starbucks has closed 16 coffee shops in the United States due to security issues
According to local media reports in the United States, Starbucks will close 16 coffee shops in the United States by the end of July due to security and employee safety issues. In a recently leaked video of an internal company meeting, Howard Schultz, the current interim CEO of Starbucks, said, "America is no longer safe."
He criticized officials at the local, state and federal levels for failing to crack down on crime and expressed concern about the mentally ill, homeless people and crime. He said these were the catalysts for Starbucks to close its coffee stores. Schultz was also concerned about people using drugs in the coffee shop's restrooms. The 16 coffee shops that will be closed are located in , Seattle, , Oregon, Washington and other places.
