Illegal Immigration Costs American Taxpayers over $150 Billion
Tax Day passed on Monday, and under President Joe Biden’s watch, the cost of illegal immigration to U.S. taxpayers has reached unprecedented levels. The millions of illegal aliens living in the United States cost taxpayers more than $150 billion annually, according to the latest estimates released last March by the Federation for American Immigration Reform […]
Microsoft to invest $1.5 billion in Emirati AI firm G42, takes minority stake
Microsoft will invest $1.5 billion in UAE-based artificial intelligence company G42, giving the US tech giant a minority stake and a board seat, the companies announced in a statement on Tuesday. Under the partnership, G42 will run AI applications and services on Microsoft’s cloud computing platform Azure, delivering advanced AI solutions to public sector customers […]
Trump Media plunges amid plan to issue more shares. It's lost $7 billion in value since its peak. – CBS News
After a brief honeymoon, former President Donald Trump’s media company has been met with a dire reaction on Wall Street. Trump Media & Technology Group, which trades under the ticker DJT, his initials, fell 18.4% in Monday trading, following a 21% plunge last week. The sharp drop in value came after Trump Media, whose main […]
Trump in line for extra SPAC payday despite $4.5 billion selloff – Yahoo Finance
(Bloomberg) – A rocky start for Trump Media and Technology Group stock has wiped out $4.5 billion in market value in just a few weeks. But they would have to lose much more than that to risk huge special bonuses on the ex-president and his corporate insiders. Most Read Articles on Bloomberg As part of […]
California Lost Track of $24 Billion Spent to Combat Homelessness
California Gov. Gavin Newsom’s (D) administration failed to track $24 billion in taxpayer funds spent over the past five years to curb the state’s homelessness crisis, an audit has found. California Department of Audit reportReleased on April 9th, It detailed multiple “gaps” in accountability regarding how funds were allocated during the 2018-2023 financial year. Chief […]
Critics furious over Hochul, Heastie plan to crack down on NY’s $8 billion home care Medicaid program
Critics are furious over a new plan by Gov. Kathy Hochul and State Assembly Speaker Carl Heastie to crack down on New York City’s $8 billion Medicaid home health program amid allegations of fraud. The governor and Sen. Heastie (D-Bronx) have agreed to overhaul the consumer-directed personal assistance program that allows New Yorkers to get […]
Female Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case
A Ho Chi Minh City court on Thursday abruptly handed down the death sentence to real estate tycoon Truong My Lan, one of the world’s richest women, for her role in a $12.5 billion fraud case. The verdict and sentence were handed down surprisingly early in the trial, making it the biggest courtroom spectacle in […]
TSMC to boost computer chip production in Arizona with $11.6 billion in federal grants, loans
The U.S. Department of Commerce announced Monday that the U.S. government will provide $11.6 billion in CHIPS Act funds to Taiwan Semiconductor to help the world’s largest chipmaker ramp up production of critical technology in Arizona. The Taiwanese company, which produces 90% of the world’s ultra-advanced semiconductors and supplies tech giants such as Apple and […]
Investors in talks to help Elon Musk’s xAI raise $3 billion, WSJ reports
Investors close to Elon Musk are in talks to help his artificial intelligence startup xAI raise $3 billion in a round, valuing the company at $18 billion, the Wall Street Journal reported. It was reported on Friday. Venture capital firms Gigafund and Steve Jurvetson are among the backers considering investing in the round, the report […]
Paramount reportedly could acquire Skydance in $5 billion all-stock deal
A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock deal worth about $5 billion, The Wall Street Journal reported Friday. Under the terms being discussed, National Amusements, which controls Paramount, would receive more than $2 billion in cash in the first phase of the […]