California city OK’s $1M per unit homeless housing project after audit found state wasted billions on crisis
Santa Monica city officials approved a multimillion-dollar apartment complex for the homeless last week, days after California released an audit that found it did not account for the $24 billion it spent on the state’s burgeoning homelessness crisis. . The 122-unit building for the homeless will include a mix of studio, one-, two- and three-bedroom […]
A dot-com entrepreneur who once lost $6 billion in one day has made billions from the Bitcoin rally and his company's surging shares – Fortune
Michael Saylor’s big bet on Bitcoin was supposed to be his downfall. Rather, he was able to make huge profits from his holdings in cryptocurrencies and MicroStrategy stock. So far this year, MicroStrategy’s billionaire executive chairman has sold hundreds of thousands of shares and made $370 million through a stock sale plan he entered into […]
BlackRock, Wall Street firms reportedly steered billions to blacklisted Chinese companies
Congressional investigation finds Wall Street used billions of dollars in U.S. retirement funds and other investments to buy shares in index funds that included several blacklisted Chinese companies did. The Wall Street Journal reported Thursday. According to the report, the study was conducted by a bipartisan House committee with the mandate to develop a strategy […]
There’s A Huge Caveat Tucked Away In Congress’ New Plan To Loan Ukraine Billions In Aid
Republican leaders unveiled an aid bill Wednesday that would lend billions of dollars to Ukraine and ultimately give the president the power to forgive debt payments. If this bill is signed, provide It will provide about $60 billion to Ukraine, which is at war with Russia, and is part of a broader legislative effort to […]
Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas
The Biden administration on Monday announced a multibillion-dollar agreement with Samsung to invest in semiconductor chip manufacturing in Texas. The $6.4 billion preliminary agreement is the latest agreement signed using funding from the CHIPS and Science Act, the bipartisan legislation Biden signed into law in 2022. Samsung is expected to invest more than $40 billion […]
White House ripped over sanctions waiver that critics say put billions of dollars in Iran’s hands
Biden administration is accused of allowing billions of dollars to flow to Iran under controversial sanctions waivers — Iranian-backed rebels are deadly against U.S. forces This is despite the fact that the Islamic State has just launched a direct attack on Israel, a staunch ally of the United States. The White House last month extended […]
Trump Media shares end week down nearly 20%, losing billions in market cap – NBC News
price of trump media The stock ended Friday trading down nearly 20% for the week. DJT The stock, which fell more than 8% within the first hour of trading on Friday, rose slightly by the end of the day. The stock closed 18 cents higher at $32.59, or about 0.5%. Its closing price was more […]
Biden Cancels Billions In Student Loan Debt
President Joe Biden cancelled billions in student loan debt for thousands of borrowers just months after the Supreme Court blocked previous efforts to do so. Biden announced Friday $7.4 billion in student debt cancellation for 277,000 Americans through his Saving on a Valuable Education (SAVE) repayment plan which the president announced in February 2023, according […]
Newsom’s homelessness council blames local governments for failing to track billions spent on crisis
California Gov. Gavin Newsom’s Homeless Crisis Center is in limbo after state audit report reveals city council failed to track how billions of dollars were spent on crisis efforts over the past five years After that, the responsibility was transferred to local governments. A senior spokesperson for the California Interagency Council (CICH), which coordinates the […]
Biden’s Signature Bills Showering Battleground States With Billions Of Taxpayer Dollars, With More To Come
Two of President Joe Biden’s flagship laws are pumping billions of dollars of taxpayer cash into states that will likely decide the winner of November’s presidential election, with much more money still up for grabs. The 2021 bipartisan infrastructure package and the Inflation Reduction Act (IRA), Biden’s massive climate bill, have routed more than $60 […]