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November 27, 2021

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Shoppers expected to spend $9 billion on Black Friday

CBS News
CBS News – For more and to sign up click here Shoppers expected to spend $9 billion on Black Friday – CBS News Watch CBSN Live The pandemic doesn’t seem to be slowing down Black Friday shoppers, who are expected to shop online and in stores at a massive scale.......

Online sales over holidays on track to top $200 billion after Thanksgiving Day kickoff, Adobe says

CNBC
CNBC – For more and to sign up click here People ride on the elevator as shoppers show up early for the Black Friday sales at the King of Prussia shopping mall in King of Prussia, Pennsylvania, November 26, 2021. Rachel Wisniewski | Reuters Online spending during the holiday season......

Elon Musk sold another $1 billion in Tesla shares on Tuesday

CNBC
CNBC – For more and to sign up click here SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla CEO Elon Musk sold about $1.05 billion in stock on Tuesday evening, according......

Samsung plans to build a $17 billion chip plant in Texas

CNBC
CNBC – For more and to sign up click here Semiconductors are seen on a circuit board. Justin Sullivan | Getty Images Samsung is planning to build a $17 billion semiconductor factory in Taylor near Austin, Texas, over the next three years as part of an effort to increase its......

Tesla will spend at least $1.06 billion on Texas ‘Gigafactory’ and hopes to finish it this year, filings show

CNBC
CNBC – For more and to sign up click here Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. year. Patrick Pleul | picture alliance | picture alliance | Getty Images Tesla will spend over $1 billion on a new vehicle factory in......

Samsung will build a $17 billion chip plant in Texas.

New York Times
Samsung will build a $17 billion semiconductor factory in Taylor, Texas, it said on Tuesday, giving a big boost to a bipartisan effort in Washington to persuade chip makers to build more of the components in the United States. The company’s decision came after months of deliberation over possible locations......

Rural Health Care Providers Get $7.5 Billion in Relief Funds

New York Times
The Department of Health and Human Services said on Tuesday that it had begun distributing billions of dollars to rural health care providers to ease the financial pressures brought by the coronavirus pandemic and to help hospitals stay open. The agency is doling out $7.5 billion to more than 40,000......

Stripe co-founder says the $95 billion fintech giant is ‘very happy’ staying private

CNBC
CNBC – For more and to sign up click here Online payments giant Stripe is still in no rush to go public, with co-founder John Collison telling CNBC the company is happy staying private for now. “We’re very happy as a private company,” Collison said, speaking in an interview with......

Germany’s E.ON plans to invest $30 billion in core business by 2026

Reuters
Adj EBITDA in core business seen at 7.8 bln euros by 2026 Proposes dividend of 0.49 euro cents for 2021 Eyes 2-4 bln euros in proceeds from portfolio adjustments FRANKFURT/DUESSELDORF, Nov 23 (Reuters) – German energy group E.ON (EONGn.DE) plans to invest about 27 billion euros ($30 billion) in its......

Authentic Brands Group shelves IPO, to sell stake in deal that values company at $12.7 billion

CNBC
CNBC – For more and to sign up click here Authentic Brands Group Chief Executive Jamie Salter. Source: Authentic Brands Group Retail conglomerate Authentic Brands Group will shelve a planned initial public offering and instead sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund......

Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights

CNBC
CNBC – For more and to sign up click here MoonPay CEO and co-founder Ivan Soto-Wright speaking at the Bitcoin 2021 conference in Miami, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrency start-ups have raised record funding this year. It’s no surprise, then, that some major players in......

This 31-year-old’s start-up went from having $200 to being valued at over $6 billion in just 6 years

CNBC
CNBC – For more and to sign up click here Personio CEO Hanno Renner Benjamin Hall | CNBC In just six years software firm Personio has become one of Europe’s most valuable start-ups, valued at $6.3 billion. But CEO Hanno Renner remembers a time when money was tight for the......

El Salvador plans to create a ‘Bitcoin City’ and raise $1 billion via a ‘Bitcoin Bond’

CNBC
CNBC – For more and to sign up click here President of El Salvador, Nayib Bukele, gestures during his speech at the closing ceremony of the Latin Bitcoin conference (LaBitConf) at Mizata Beach, El Salvador, where he announced “Bitcoin City”, on November 20, 2021. Marvin Recinos | AFP | Getty......

Authentic Brands Group shelves IPO, to sell $12.7 billion stake to private investors

CNBC
CNBC – For more and to sign up click here Jamie Salter, chairman and chief executive of Authentic Brands Group LLC. Norm Betts | Bloomberg | Getty Images Retail conglomerate Authentic Brands Group plans to shelve a planned initial public offering and instead sell significant equity stakes in its business......

Japan approves a $490 billion economic stimulus package as the pandemic’s effects linger.

New York Times
New York Times – For more and to sign up click here Japan’s government agreed on Friday to spend $490 billion on stimulus measures, a move by its prime minister to boost an economy battered by coronavirus restrictions and by a supply chain crunch that has affected the country’s largest......

Sierra Space raises $1.4 billion at $4.5 billion valuation as it builds spaceplane, space station

CNBC
CNBC – For more and to sign up click here A rendering of the “Ocean Reef” space station in orbit. Blue Origin Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion as the company expands its portfolio of space transportation products. The company’s valuation jumped......

Criminals have made off with over $10 billion in ‘DeFi’ scams and thefts this year

CNBC
CNBC – For more and to sign up click here An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report......

Live Updates: CBO says Build Back Better will increase deficit by $367 billion not including increased tax enforcement

CBS News
CBS News – For more and to sign up click here The nonpartisan Congressional Budget Office on Thursday released its much anticipated cost estimate of President Biden’s signature social spending plan, Build Back Better. The analysis  — commonly referred to as the CBO score  — said passage of the legislation......

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