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March 4, 2021

Investment

China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 billion

Reuters
by Reuters01
BEIJING (Reuters) – China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount. The China-U.S. Industrial Cooperation Fund, launched in November 2017 on the......
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New investment firm InCap invited to join board at Strategic Education

Reuters
by Reuters02
BOSTON (Reuters) – Inclusive Capital Partners, an environmental and social impact investment firm launched in 2020, said on Monday that one of its partners will join the board at Strategic Education Inc. William Slocum has been invited by the company and has agreed to serve as a nominee for election......
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Warren Buffett has made $100 billion on his investment in Apple

CBS News
by CBS News01
CBS News – For more and to sign up click here Warren Buffett’s insurance conglomerate has made nearly $100 billion on Apple, making the iPhone maker one of the 90-year-old billionaire investor’s best investments of all time.  Buffett disclosed the 12-figure gain this past weekend in his annual letter to......
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Mexican mining chamber warns uncertainty to bring investment cuts

Reuters
by Reuters01
MEXICO CITY (Reuters) – Mexico’s large mining sector will likely see some recovery this year after 2020’s pandemic-induced slump, but a key industry leader said he fears rising political risk will drag down growth as companies focus new investments elsewhere. Fernando Alanis, president of Mexican mining chamber Camimex, said in......
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Whitmer asks senators for ‘significant investment’ in infrastructure

Detriot News
by Detriot News01
Detroit News – For more and to sign up click here Washington — Gov. Gretchen Whitmer, a Democrat who was elected on a campaign of “fixing the damn roads,” urged a Senate panel Wednesday to increase federal spending on the nation’s transportation infrastructure, arguing that economic growth and environmental sustainability can both be served......
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Tesla has made about $1 billion in profit on its bitcoin investment, analyst estimates

CNBC
by CNBC094
CNBC – For more and to sign up click here Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Artur Widak | NurPhoto | Getty Images Tesla has made roughly......
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Favoring renewable energy over natural gas investment has led to the mess in Texas

NYPost
by NYPost01
Kevin D. Williamson I’m writing from Texas, so I’ll try to finish this column before the electricity goes out. As you may have heard, we’ve had an unusually powerful winter storm down here and, in spite of the fact that every third household has a four-wheel-drive super-duty pickup truck, Texas......
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Ark Invest’s Cathie Wood on bitcoin ETF prospects and Tesla’s billion-dollar investment

CNBC
by CNBC080
CNBC – For more and to sign up click here Bitcoin’s long-term outlook is brightening, according to Ark Invest’s Cathie Wood. The CEO and chief investment officer of the explosively popular active management firm told CNBC this week that the cryptocurrency’s catalysts are adding up as it soars to unprecedented......
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Ford makes major EV investment, pledge for all-electric European lineup

Detriot News
by Detriot News01
Detroit News – For more and to sign up click here Ford Motor Co. on Wednesday announced a $1 billion investment to convert its Cologne, Germany, plant into an electric-vehicle manufacturing center — a major commitment to Europe and to a future defined by electric vehicles. In a news release, the automaker said......
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Neil Woodford says ‘sorry’ as he announces new investment fund

BBC
by BBC01
https://www.bbc.co.uk/news/business-56060960 Speaking publicly about the affair for the first time since 2019, Mr Woodford told the Telegraph: “I’m very sorry for what I did wrong. What I was responsible for was two years of underperformance – I was the fund manager, the investment strategy was mine, I owned it and......
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SoftBank looks to raise about $550 million through two more SPACs

Reuters
by Reuters01
FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon (Reuters) – Two blank-check firms backed by SoftBank Group Corp are aiming to raise a total of about $550 million in their initial public offerings, regulatory filings showed on Friday. Special......
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Hunter Biden ‘has been working to unwind his investment’ in Chinese firm: White House

WashingtonExaminer
by WashingtonExaminer01
USA TODAY – For more and to sign up click here The White House says President Biden’s son, Hunter, has been working to unwind his investment in a Chinese company affiliated with the Chinese government, following pledges from the president that his family would not have any foreign business ties......
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Indonesia receives investment proposal from Tesla: official

Reuters
by Reuters01
FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo SINGAPORE (Reuters) – Indonesia has received an investment proposal from U.S. electric vehicle (EV) maker Tesla, the country’s deputy head for investment and mining coordination, Septian Hario......
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Ford ups investment in electric and autonomous vehicles to $29 billion through 2025

CNBC
by CNBC012
CNBC – For more and to sign up click here Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images DETROIT – Ford Motor plans to invest $29 billion in electric and autonomous vehicles through 2025,......
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MetLife profit rises marginally on investment gains, strong underwriting

Reuters
by Reuters01
FILE PHOTO: A MetLife Inc building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake (Reuters) – Insurer MetLife Inc reported a marginal rise in fourth-quarter adjusted profit on Wednesday as investment growth and strong underwriting in some of its U.S. businesses cushioned the hit from coronavirus-related claims.......
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Facebook investment in hardware could be ‘game changer,’ trader bets

CNBC
by CNBC06
CNBC – For more and to sign up click here A blowout earnings release hasn’t given lift to Facebook shares. The stock is down 7% this week, victim to a broader sell-off within the large-cap growth and FANG names. On Wednesday, the social media platform reported $3.88 a share in......
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U.S. core capital goods orders rise in boost to business investment

Reuters
by Reuters01
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods increased for an eighth straight month in December, pointing to solid growth in business spending on equipment in the fourth quarter and likely helping to underpin the economic recovery. FILE PHOTO: United Auto Workers union member Carrie Attwood uses an......
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