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Domestic News: 1. The State Taxation Administration clarified the threshold for value-added tax (VAT) collection and management. 2. Wang Yi held strategic communication with Sergei Shoigu, Secretary of the Security Council of the Russian Federation. 3. Industrial and Commercial Bank of China (ICBC): Investors should closely monitor changes in precious metal prices and reasonably control their position size. 4. The first-month performance reports of emerging electric vehicle manufacturers in the new year are released. Xiaomi, Wenjie, and HarmonyOS performed well, while BYDs production and sales both declined. 5. Guotou Silver LOF: Trading will be suspended from the opening of the market on February 2nd until 10:30 am on the same day. The daily price fluctuation limit after resumption of trading will be 10%. 6. China Mobile, China Telecom, and China Unicom announced: The scope of application of VAT on telecommunications services has been adjusted, and the tax rate has increased to 9%, which will affect the companys revenue and profits. International News: 1. The Speaker of the Iranian Parliament announced that the armies of European countries will be considered "terrorist organizations." 2. US media: The Speaker of the US House of Representatives said he is confident that the partial government shutdown will end by Tuesday. 3. Zelensky: A new round of trilateral talks between Ukraine, the US, and Russia will be held on February 4th and 5th. 4. Saudi stocks suffered their biggest drop since June last year due to geopolitical factors and a gold price plunge. 5. Indias budget: 400 billion rupees will be allocated to support the semiconductor manufacturing industry. 6. Indias stock market held a special trading session on Sunday due to the budget, with metal stocks and ETFs suffering heavy losses. 7. OPEC+ statement: Eight member countries will maintain their original plan to suspend increases in oil production in March. 8. US-Iran situation—① It is reported that high-ranking US and Israeli military officials held intensive talks this weekend to discuss a strike against Iran. ② Iranian Supreme Leader Khamenei stated that if the US launches a war this time, it will trigger a regional conflict. ③ Iranian officials: Media reports about the Revolutionary Guard planning military exercises in the Strait of Hormuz are incorrect. ④ US media: The US military is strengthening its air defense deployment in the Middle East to prepare for potential action against Iran.OPEC+ Statement: The OPEC+ Joint Ministerial Monitoring Committee (JMMC) reiterated the importance of full compliance with oil production targets.On February 1st, OPEC+ held an online meeting to assess the global market situation and outlook. The eight participating countries reaffirmed the decision made on November 2nd, 2025, to suspend increased production in March 2026 due to seasonal factors. The eight countries reiterated that the previous production cut of 1.65 million barrels per day may be partially or fully restored depending on market developments, and this will be done gradually. Countries will continue to closely monitor and assess market conditions, and while continuing efforts to maintain market stability, reiterated the importance of a cautious approach and sufficient flexibility to continue suspending (increased production) or canceling additional (production cuts), including the voluntary production cut of 2.2 million barrels per day announced in November 2023. The organization will hold its next meeting on March 1st, 2026.OPEC+ statement: Reaffirmed its commitment to maintaining market stability, and stated that the global economic outlook is stable and the current oil market fundamentals are healthy with low inventory levels.OPEC+ statement: The eight member countries will maintain their original plan to suspend increasing oil production in March.

HP Surges to A Record 14.8 Percent on Buffett's Disclosure of A $4.2 Billion Investment

Charlie Brooks

Apr 08, 2022 10:00

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HP shares finished at $40.06, up $5.15, or 14.8 percent, from an earlier high of $41.46.


Stock prices often jump when Berkshire reveals new investments, which is seen as a seal of approval from Buffett.


Berkshire does not invest in technological businesses on a regular basis, despite holding a $161.2 billion position in Apple Inc. at the end of 2021. (NASDAQ:AAPL). Buffett views Apple as a more consumer-oriented firm.


"Berkshire Hathaway is a globally renowned investor, and we are pleased to welcome them as an investor," HP stated in a statement.


HP, which was spun out from the previous Hewlett-Packard in 2015, is benefitting from growing demand as more individuals work and educate themselves from home.


The Palo Alto, California-based corporation agreed to acquire Poly, formerly known as Plantronics (NYSE:POLY), for $1.7 billion last month.


Buffett has struggled to invest Berkshire Hathaway's capital, which reached $146.7 billion at the conclusion of the fiscal year, citing high valuations and competition from private equity and other investors.


However, the Omaha, Nebraska-based conglomerate said last month that it had committed nearly $22 billion to significant new investments.


These acquisitions include a 14.6 percent interest in Occidental Petroleum Corp (NYSE:OXY) and a $11.6 billion acquisition of insurer Alleghany (NYSE:Y) Corp, Berkshire's biggest since 2016.


Additionally, Berkshire owns a number of enterprises, including Geico car insurance and the BNSF railroad.


It did not reply to demands for comment immediately.


HP may appeal to Berkshire, according to Morningstar analyst Mark Cash, because the company is aggressively returning capital to shareholders through stock buybacks and increased dividends.


"HP plays in areas where (durably) accelerating growth is difficult, so concentrating on margins and returns is the best approach to reward shareholders," Cash said. "Within technology, HP is a bargain play."


In 2021, Berkshire Hathaway repurchased $27 billion of its own shares.



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