Bitcoin ETFs see a $363M increase, continuing a 12-day trend of inflows to $6.6B.
The Spot Bitcoin ETF saw a significant net inflow of $363 million on Friday, marking the twelfth straight day of positive returns for investors. Leading the charge is BlackRock’s iShares Bitcoin Trust (IBIT), which added a remarkable $496.75 million, solidifying its status as the largest spot Bitcoin (BTC) ETF with total assets amounting to $86.5 […]
Biden administration loans $6.6B to struggling Tesla rival Rivian
Shares of the struggling electric car maker that competes with Tesla have soared this week after the lame-duck Biden administration loaned the company billions of dollars. The Department of Energy announced Tuesday that it will provide Rivian with a $6.6 billion loan to build a $5 billion electric vehicle factory in Georgia that the company […]
Biden gives $6.6B conditional loan to EV-maker
Click here to see what's new on The Hill {beacon} energy and environment energy and environment Full text Scientists identify potential link between wildfire smoke exposure and dementia diagnosis Exposure to trace pollutants released by wildfires may be increasing the chances of older people being diagnosed with dementia, a new study has found. Full […]
Biden administration seeking to finalize $6.6B loan to build EV factory before term ends
The Biden administration is offering billions of dollars in federal loans to fund large-scale electric vehicle manufacturing plants in the months before the end of the president's term. The Department of Energy on Monday announced a $6.57 billion loan to EV maker Rivian Automotive to help build Project Horizon, a 9 million square foot electric […]
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration previously announced it would provide electric vehicle maker Rivian with a $6.6 billion loan to build a factory in Georgia. The administration said the loan will help Rivian build a facility to produce up to 400,000 “mass-market” electric SUVs and crossovers. Specifically, the company plans to help build Rivian's R2 and R3 […]
Biden administration finalizes $6.6B in chips grants for TSMC before Trump takes office
The White House on Friday announced an agreement with a major semiconductor manufacturer to invest billions of dollars in an Arizona facility as President Biden looks to shore up some of his legacy in Congress before leaving office in January. It was announced that the agreement had finally been concluded. Biden said in a statement […]