August 16, 2024 U.S. awards chipmaker Texas Instruments up to $1.6 billion to build factories The funding, under the U.S. CHIPS and Science Act, will help the company build two factories in Texas and one in Utah. BY Reuters Texas Instruments said on Friday it would receive up to $1.6 billion in funding from the U.S. … Continue reading U.S. awards chipmaker Texas Instruments up to $1.6 billion to build factories
August 08, 2024 How a network of ex-Tesla employees created $10 billion worth of U.S. clean-energy investments From new batteries to EV chargers to battery recycling, ex-Tesla employees are creating a web of new entries into the clean energy space. Here’s what they say working at Tesla taught them. BY Adele Peters At a former steel … Continue reading How a network of ex-Tesla employees created a $10 billion worth of clean energy startups
July 30, 2024 Meta agrees to $1.4 billion settlement with Texas over privacy violations Texas Attorney General Ken Paxton brought the suit against Meta in February 2022 for unlawfully capturing Texas users’ biometric data without obtaining their informed consent as required by law. BY Jessica Bursztynsky Meta agreed to a record $ 1.4 billion settlement with … Continue reading Meta agrees to $1.4 billion settlement with Texas over privacy violations
June 26, 2024 After oil megamergers, $27 billion of asset sales remain with a lack of ready buyers There are fewer institutional and European oil buyers interested and a lack of ready cash to finance these deals. BY Reuters U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets … Continue reading After oil megamergers, $27 billion of asset sales remain with a lack of ready buyers
Volkswagen and Rivian agree to $5 billion partnership VW will adopt Rivian’s zonal architecture and software, and Rivian will get some much-needed cash. anna washenko Updated Wed, Jun 26, 2024 Volkswagen and EV company Rivian have entered a new partnership, and the total price tag for the collaboration could reach an eye-popping $5 billion. … Continue reading Volkswagen and Rivian agree to $5 billion partnership
June 14, 2024 Elon Musk wins shareholder approval for record $56 billion pay package The shareholder approval, however, does not resolve a Delaware court’s lawsuit on the pay package. BY Reuters Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an incentive … Continue reading Elon Musk wins shareholder approval for record $56 billion pay package
Illegal gambling nets $9.5 billion from New York, New Jersey, and Minnesota, according to a new report Brian-Damien Morgan Tech Journalist The Campaign for Fairer Gambling (CFG) has found that $ 9.5 billion from New York, New Jersey, and Minnesota is raked in by illegal gambling. The CFG and technical intelligence provider Yield Sec … Continue reading Illegal gambling nets $9.5 billion from New York, New Jersey, and Minnesota, according to a new report
June 03, 2024 This often-hidden aspect of employment contracts costs U.S. employees $300 billion a year Many people are only vaguely aware these clauses exist, or assume that they are only used in highly lucrative, competitive, or secretive industries. BY Kathleen Davis When you accepted your job, you may have not read the fine print of … Continue reading This often-hidden aspect of employment contracts costs U.S. employees $300 billion a year
May 29, 2024 ConocoPhillips to buy Marathon Oil in $22.5 billion deal—another energy megamerger The U.S. oil and gas industry has been riding a consolidation wave over the past two years. BY Reuters ConocoPhillips on Wednesday agreed to buy Marathon Oil in a $22.5 billion deal, the latest in a series of mega-mergers in the oil … Continue reading ConocoPhillips to buy Marathon Oil in $22.5 billion deal—another energy megamerger
May 01, 2024 Trump awarded another $1.8 billion worth of Trump Media stock Former President Donald Trump has secured an additional $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the … Continue reading Trump awarded another $1.8 billion worth of Trump Media stock
