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 […]
Who won the $1.326 billion Powerball jackpot?
Tampa, Florida (W.F.L.A.) — It took several more hours, but the winning $1.326 billion Powerball numbers were finally drawn early Sunday morning, creating the first grand prize winner since January. At 2:29 a.m. Sunday, Powerball reported that the white numbers were 22, 27, 44, 52, and 69, and the red Powerball was 9. According to […]
California lawmakers find solution to cut $17 billion from looming budget deficit
Gov. Gavin Newsom (D-CA) and Democratic lawmakers in California reached an agreement Thursday to slash the state’s massive budget deficit by $17.3 billion through an array of cuts, delays, and deferrals. Though the state’s exact budget deficit is uncertain, the Legislative Analyst Office reported it was $73 billion earlier this year, while Newsom says it’s […]
Fossil Fuel Lobby Cashes in on Biden’s $7.5 Billion for EV Chargers
The fossil fuel industry is lobbying to use the $7.5 billion to build electric vehicle (EV) charging stations that President Joe Biden authorized in the Inflation Control Act to build charging stations at existing gas station locations. There is. politikoenergy and environment news report: More than half of the charging stations built so far under […]