Economy

“Trump to speak after White House announces $600 billion Saudi investment in U.S.”

“President Donald Trump on Tuesday is set to deliver remarks after the White House announced Saudi Arabia’s commitment to invest $600 billion in a series of deals with the United States… Among the agreements secured is a nearly $142 billion defense sales deal providing the kingdom… Continue Reading…

Economy

“Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit”

“…Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday. That brought the year-to-date total for the duties up to… Continue Reading…

Economy

“Billionaires at Trump’s Swearing-In Have Since Lost $209 Billion”

Click link to read: https://www.msn.com/en-us/money/economy/ar-AA1ADH6d the meat of the article is at the bottom where it lists who lost what. In any case billionaires lost money because the stock market is down. Many people, including warren buffet, seen this a… Continue Reading…

Business

“Just Eat shares soar 54% after Prosus offers to buy food delivery firm for $4.3 billion”

“European food delivery giant Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in a deal worth roughly 4.1 billion euros ($4.3 billion). The offer valued Just Eat’s shares at 20.3 euros each, representing a premium of 63%… Continue Reading…

Business

“Verizon Makes a $3.3 Billion Deal to Help Protect Its Towering Dividend”

“…The company’s debt is on track to balloon further after it agreed to buy Frontier Communications (NASDAQ: FYBR) in a $20 billion all-cash deal. However, it recently made a counter move to cash in the value of its tower assets, which will bring… Continue Reading…

Business

“NIO Shares Jump After Unit Secures $1.9 Billion Investment”

“NIO’s shares in Singapore and Hong Kong surged after a unit of the Chinese electric vehicle maker secured a capital injection…” https://finance.yahoo.com/m/5f41df4f-9a28-32ee-85ac-4f1e41f77a45/nio-shares-jump-after-unit.html News behind paywall. Just know it’s good news for this company.

Business

“Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion”

“Blackstone and Vista Equity Partners will acquire Smartsheet in an $8.4 billion deal. The all-cash bid of $56.50 per share is about a 41% premium to the company’s unaffected average share price. The collaboration software maker went public in 2018… Continue Reading…

Business

“Intuitive Machines clinches $4.8 billion navigation services contract from NASA”

“Intuitive Machines (LUNR) said on Tuesday it has bagged a navigation and communication services contract of up to $4.82 billion from NASA for missions in the near space region. The group’s stock price was up over 50% in premarket trading… Continue Reading…

Business

“Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power”

“The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers. The fundraising, which could total $100 billion, will also be used to invest in the energy infrastructure needed to power… Continue Reading…

Stocks

“Microsoft Announces $60 Billion Buyback, 10% Dividend Hike”

“…Microsoft also will increase its quarterly dividend by 8 cents, to 83 cents a share. It’s the company’s 20th straight year of increasing its dividend. Microsoft stock rose 0.9% to 435.07 on Tuesday. MSFT stock has risen for seven straight… Continue Reading…