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May 24, 2022

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These Investors Are Putting $1 Billion Into Trump Media

New York Times
When former President Donald J. Trump’s fledgling social media company and its merger partner announced in December that they had secured $1 billion in additional private funds for the deal, it set off speculation about the identities of the investors. Who were the roughly three dozen investors betting on the......

Stellantis and Samsung to spend $2.5 billion on an electric vehicle battery plant in Indiana.

@BreaknNews
Stellantis — the company that owns Jeep and Ram — and Samsung plan to spend $2.5 billion to build a battery factory in Kokomo, Ind., that is expected to create 1,400 jobs. The joint venture is expected to start production by 2025 and is intended to supply battery packs for......

Samsung to invest $356 billion over five years in strategic sectors

Reuters
SEOUL, May 24 (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics (005930.KS) said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive......

Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics

CNBC
CNBC – For more and to sign up click here Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment......

EXCLUSIVE General Atlantic plans $2 billion investment in India, Southeast Asia

Reuters
The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity......

SpaceX looks to raise $1.7 billion in new funding, boosting its valuation to $127 billion

CNBC
CNBC – For more and to sign up click here A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022. SpaceX SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company’s valuation to about $127 billion. The space......

Exclusive: India considering spending additional $26 billion to fight inflation

Reuters
Customers buy vegetables at a market in Ahmedabad, India, September 29, 2015. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 22 (Reuters) – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion......

Hyundai Motor Group to invest $5 billion in U.S. through 2025

Reuters
SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it plans to invest an additional $5 billion in the United States through 2025 to strengthen its collaboration with U.S. firms in diverse technologies, such as robotics, urban air mobility, autonomous driving and artificial intelligence. Hyundai Motor Group, which......

As Biden Signs $40 Billion Aid Package for Ukraine, Calls Grow for a Cease-Fire

New York Times
New York Times – For more and to sign up click here President Biden on Saturday signed a new $40 billion package of military and humanitarian aid for Ukraine as the country braced for a drawn-out war of attrition in its eastern regions, vowing that it would not stop fighting......

Siemens Energy makes 4.1 billion euro bid for remaining Siemens Gamesa stake

Reuters
A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 21 (Reuters) – Siemens Energy (ENR1n.DE) on Saturday said it would offer......

Biden signs $40 billion aid package to Ukraine while in Seoul | CNN Politics

CNN
USA TODAY – For more and to sign up click here Seoul CNN  —  President Joe Biden on Saturday signed the $40 billion aid package to Ukraine, a White House official said, after the bill was flown to Seoul. The Senate passed it following Biden’s departure from Washington. The confirmation......

Hyundai to invest $5.5 billion to build EVs and batteries in Georgia

CNBC
CNBC – For more and to sign up click here The logo of Hyundai is shown at the #WeAreMobility fair at the 97th edition of the Brussels Motor Show on 18 January 2019, in Brussels. Dirk Waem | AFP via Getty Images Hyundai Motor on Friday confirmed plans to spend......

The Senate overwhelmingly approves $40 billion in aid to Ukraine, sending it to Biden.

New York Times
Determined to project strong bipartisan support for Kyiv, Senator Mitch McConnell, Republican of Kentucky and the minority leader, worked for days leading up to the vote to tamp down on the anti-interventionist strain in his party, arguing both privately and publicly to his colleagues that the United States needed to......

After delay, U.S. Senate overwhelmingly approves $40 billion in Ukraine aid

Reuters
WASHINGTON, May 19 (Reuters) – The U.S. Senate overwhelmingly approved nearly $40 billion in new aid for Ukraine on Thursday sending the bill to the White House for President Joe Biden to sign into law as Washington races to keep military assistance flowing nearly three months after Russia’s invasion. The......

Senate passes $39.8 billion Ukraine aid bill, sending measure to Biden’s desk

CBS News
CBS News – For more and to sign up click here Washington — In a show of broad bipartisan support, the Senate on Thursday passed legislation providing another $39.8 billion to help Ukraine bolster its defenses against Russian President Vladimir Putin’s invasion after passage of the aid was stalled last......

Study: NBA owners have $10 billion in China

ESPN
8:00 AM ET Mark Fainaru-Wada Close ESPN Staff Writer Investigative reporter for ESPN’s Enterprise and Investigative Unit since 2007 Co-author of New York Times best-selling books “League of Denial” and “Game of Shadows” Co-winner, 2004 George Polk Award Steve Fainaru Close ESPN Senior Writer Winner, 2008 Pulitzer Prize in International......

Tesla whale calls for $15 billion stock buyback after share price craters

CNBC
CNBC – For more and to sign up click here Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters Billionaire Leo Koguan, who claims to be......

Granholm is feeling ‘pretty bullish’ about passing $550 billion climate investment

Politico
Politico.com – For more and to sign up click here Granholm is feeling ‘pretty bullish’ about passing $550 billion climate investment lead image Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

How a Trash-Talking Crypto Bro Caused a $40 Billion Crash

New York Times
Do Kwon, a trash-talking entrepreneur from South Korea, called the cryptocurrency he created in 2018 “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the currency, Luna, rallying a band of investors and supporters he proudly referred to as “Lunatics.” Mr. Kwon’s company, Terraform Labs,......

Allianz to pay $6 billion in U.S. fraud case, fund manager charged

Reuters
NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of......

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