Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak – Cointelegraph
Spot Bitcoin Exchange Traded Fund (ETF) continues its upward momentum, continuing its strong week as the crypto market soars. The Spot Bitcoin (BTC) ETF recorded net inflows of $1.67 billion during the trading week of November 11-15, marking its sixth consecutive week of positive flows. According to Convert data from crypto tracking platform SoSoValue. BlackRock's […]
Biden administration giving $1.7B to auto industry to bolster US EV production
The Biden administration will provide $1.7 billion to auto companies to boost their efforts to build electric cars, trucks and motorcycles. The funding covers 11 projects and is expected to help companies transition their facilities to electric vehicle manufacturing or expand their existing electric vehicle operations. Administration officials told reporters that funding would be prioritized […]
Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report
Shari Redstone has revised plans to sell parts of struggling media giant Paramount Global. The company is reportedly in exclusive negotiations to sell the Black Entertainment Television Network to a group of buyers led by BET CEO Scott Mills after calling off an auction last year that failed to raise the roughly $3 billion it […]
Texas AG victorious after court rules Pelosi-led Congress’ $1.7B spending bill was passed unlawfully
Texas Attorney General Ken Paxton sued President Joe Biden and members of his administration debated ratification and implementation of the $1.7 trillion bill last year. Consolidated Appropriations Act of 2023. Paxton said the massive spending bill, which includes at least one provision affecting the Lone Star State, is illegal and unenforceable because Congress violated the […]
Amazon cancels $1.7B takeover of Roomba maker iRobot
Amazon has scrapped plans to acquire Roomba maker iRobot after the companies mutually determined that the pending deal “has no path to regulatory approval in the European Union.” In a related announcement on Monday, iRobot said it would lay off approximately 350 employees, or 31% of its workforce, as part of its restructuring efforts. Colin […]
EU regulators plan to block Amazon’s $1.7B iRobot acquisition: report
The European Union's competition watchdog plans to block Amazon's $1.7 billion deal with robot vacuum cleaner maker iRobot. The Wall Street Journal reported This was disclosed on Thursday, citing a person familiar with the matter. Shares of vacuum cleaner maker Roomba plunged 40% to $14 after the bell. European Commission officials met with Amazon representatives […]