Foreign investments have continued to flee China as the country’s economy remains sluggish. Experts pointed out three major factors causing it. Since last December when Beijing abandoned the restrictive “Zero-COVID” policy, foreign investors were optimistic about the Chinese market. Foreign investment poured back into China in the first few months of this year, but this…
3 Factors Continue to Drive Foreign Investment out of China: Experts
June 26, 2023
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Hollywood Star Ryan Reynolds Among New Investors Backing F1 Team Alpine in $218 Million Deal
June 26, 2023
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BOULOGNE-BILLANCOURT, France—After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One. F1 team Alpine has secured a 200 million euro ($218 million) investment from a group of investors that includes the actors. French automotive company Renault Group—Alpine’s parent company—said Monday that the group has acquired a 24 percent stake…
White House Unveils $42 Billion Investment Plan to Expand Internet Access
June 26, 2023
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The Biden administration has detailed how the government will divvy up $42 billion among the nation’s 50 states in an effort to expand high-speed broadband to every household and small business throughout the United States by 2030. In a fact sheet released on June 26, the White House said access to high-speed internet is no longer…
White House Announces $42 Billion Investment Plan to Expand Internet Access
June 26, 2023
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The Biden administration has announced that the government will divvy up $42 billion among the nation’s 50 states in an effort to expand high-speed broadband to every household and small business throughout the United States by 2030. In a fact sheet released on June 26, the White House said access to high-speed internet is no longer…
New Republican Working Group Interim Report Takes Aim at ESG
The Republican Environmental, Social, and Governance (ESG) Working Group released its interim report (pdf) highlighting several of the GOP’s policy priorities that conservative lawmakers say will “benefit all Americans, not just those seeking to push their far-left agenda.” Working Group members say that President Joe Biden and his administration have strategically circumvented the paucity of congressional…
A.I. Hype Similar to 1999, But Be Careful Calling it a Bubble: Investor
The stock market has been soaring for most of this year, with much of the gains due to excitement surrounding artificial intelligence. Nvidia’s stock alone is up more than 200 percent this year. Many investors are comparing what’s happening now to the dot-com bubble of the early 2000s. But it is really a bubble this…
Top Executive for Bud Light Parent Wins ‘Creativity’ Award, Despite Losing $20 Billion Over Trans Fiasco
June 22, 2023
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The top marketing executive for Bud Light parent Anheuser-Busch InBev won the “Creative Marketer of the Year” award, despite costing the company $20 billion over its recent transgender fiasco. Bud Light has lost billions of dollars in revenue due to massive boycotts after the beer company decided to pair the brand with transgender activist Dylan Mulvaney, who…
Texas Requires State Charging Stations to Include Tesla’s Plug in Another Victory for Musk
June 21, 2023
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Tesla won a contract with the state of Texas among a series of victories that will likely pave the way in making the electric vehicle (EV) maker’s charging technology the dominant standard for powering electric vehicles in the United States. Texas announced on June 20 that it would require EV charging companies to include both…
Elon Musk Hints at ‘Significant Investment’ in India After Meeting Modi
Tesla CEO Elon Musk has signaled interest in making a “significant investment” in the world’s most populous country, India, after meeting with Indian Prime Minister Narendra Modi in New York on Tuesday. Musk told reporters that he had an “excellent conversation” with Modi and suggested that he would bring his electric vehicle manufacturing business to…
US Industrial Production Unexpectedly Falls in May After 2 Months of Gains
June 21, 2023
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U.S. industrial production unexpectedly slipped in May, after two months of gains. Factories in the mid-Atlantic region saw a decline in activity for the first time since 2021 in June, according to the Federal Reserve Bank of Philadelphia. Production fell 0.2 percent last month, as manufacturing struggled under the weight of higher interest rates, after…
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