Audi is expected to build an assembly plant in Georgia capable of producing 200,000 SUVs annually, with President Trump set to announce the plan.
10:17 PMCNBC5 stories from 2 sources
Audi expands U.S. manufacturing as markets absorb major risks
Day’s Recap
Supporting Articles
Berkshire Hathaway shares have recovered all of the losses that followed Warren Buffett's announcement that he would step down as CEO. The stock has reached new all-time highs after roughly 18 months.
8:48 AMCNBCSix Flags plans to install additional seat belts on the Goliath roller coaster in Georgia after 42-year-old Hassan Jihad Ibn Kariem died when he was ejected from his seat.
1:12 PMCNBC10:17 PMCNBC
Trump announces Audi will build $4 billion U.S. factory in Georgia
Summary
Audi is expected to build an assembly plant in Georgia capable of producing 200,000 SUVs annually, with President Trump set to announce the plan.
Audi would expand its U.S. manufacturing footprint and shift more SUV production closer to American
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A 200,000-vehicle plant would deepen Audi's U.S. production base and strengthen Georgia's position in the auto-manufacturing supply chain.
8:48 AMCNBC
Berkshire shares shake the Buffett blues with new all-time highs
Summary
Berkshire Hathaway shares have recovered all of the losses that followed Warren Buffett's announcement that he would step down as CEO. The stock has reached new all-time highs after roughly 18 months.
The market has effectively absorbed Berkshire's succession risk, at least in the stock price. Shareholders
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Berkshire's record price suggests investors now view succession as a manageable risk rather than a lasting discount on the company.
1:12 PMCNBC
Six Flags says it will install seat belts on Georgia roller coaster after rider's death
Summary
Six Flags plans to install additional seat belts on the Goliath roller coaster in Georgia after 42-year-old Hassan Jihad Ibn Kariem died when he was ejected from his seat.
The death has prompted Six Flags to add a physical restraint to an operating ride,
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A fatal accident is driving a safety retrofit that could raise pressure for broader changes to amusement-park ride restraints.
Other Developments
A curated list of other prominent stories from this day.
Goldman Sachs identified several leading technology companies that it believes still have room to rise before their quarterly earnings reports. The call supports buying selected tech stocks ahead of results.
8:51 AMCNBC
The piece argues that China's gains in electric vehicles should concern the United States because new technology will not translate into competitive products without efficient domestic production. It calls for incentives that push automakers and suppliers to invest in robotics and advanced manufacturing equipment.
7:15 AMFortune8:51 AMCNBC
Goldman says these top tech stocks have plenty of upside ahead of earnings
Summary
Goldman Sachs identified several leading technology companies that it believes still have room to rise before their quarterly earnings reports. The call supports buying selected tech stocks ahead of results.
Goldman's view puts earnings expectations, rather than broad technology exposure, at the center of the
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The recommendations could channel more money into already crowded tech trades while increasing the market's sensitivity to earnings surprises.
7:15 AMFortune
Rick Lazio: We’ve lost an auto race before, China’s EV climb should worry us
Summary
The piece argues that China's gains in electric vehicles should concern the United States because new technology will not translate into competitive products without efficient domestic production. It calls for incentives that push automakers and suppliers to invest in robotics and advanced manufacturing equipment.
The decisive weakness is manufacturing capacity, not access to new technology. U.S. automakers and suppliers
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The U.S. risks losing the EV market through a production gap even if its technology remains competitive.
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