Author: prosperplanetpulse.com
Avirup Roy and Ben KleimanSAN FRANCISCO (Reuters) – German automaker Volkswagen Group will invest up to $5 billion in U.S. electric vehicle maker Rivian as part of a new joint venture to share EV architecture and software, the companies said on Tuesday.Rivian’s shares surged about 50% in trading after the announcement, and if the rally continues on Wednesday, the company’s market capitalization could rise by nearly $6 billion.The auto industry is at a critical juncture, with EV startups struggling with sagging demand due to high interest rates and dwindling cash, while traditional automakers struggle to develop battery-powered vehicles and advanced…
Down icon An icon in the shape of a downward angle. Rep. Lauren Boebert outside President Trump’s hush money trial in New York last month. AP Photo/Ted Shaffrey Rep. Lauren Boebert won the Republican primary in the district she moved to earlier this year.She does so despite facing charges of “carpetbagging” and the embarrassing “Beetlejuice” scandal.She used her name recognition to win against a crowded field of local candidates. Rep. Lauren Boebert has done just that.The controversial congresswoman won a hotly contested Republican primary in Colorado’s 4th Congressional District on Tuesday, according to Decision Desk HQ and The Associated Press.Given…
Kyle Hogan practices corporate, securities and partnership law, with a focus on investment fund matters. He provides investment advice to institutional investors, including sovereign wealth funds, endowments and family offices. Kyle also represents fund sponsors in connection with fund launches and fund raisings, seed capital arrangements, manager transactions (including minority stake sales and restructurings) and partnership arrangements between principals. Kyle has extensive experience across private equity, venture capital, credit, real estate, infrastructure and alternative asset classes including a variety of liquidity strategies, and all stages of the investment lifecycle. He has assisted clients in all aspects of their business, from…
INDIANAPOLIS — Entrepreneurship is a major contributing factor to the economy and the state of Indiana, and it’s an economic trend that organizations and businesses are looking to continue.Since 2000, the Indiana Black Expo has hosted the Youth Entrepreneur Series, where students age 18 and under learn the fundamentals of how to turn an idea into a business. write “We want to make sure we’re preparing and developing young people to be successful entrepreneurs of the future,” said Edward Rogers, director of youth and family programs for the Indiana Black Expo. “When we think about economic development in Indiana, we’re…
It’s been a while since the University of Michigan football team has had an elite receiver come out of high school, and while the Wolverines have been fortunate when it comes to developing elite receivers, when it comes to the top tier of pass-catching talent, freshmen have typically chosen other schools. That may change quickly. 2025 Fulshear (Texas) Katy Jordan four-star wide receiver Andrew Marsh was one of the players who visited Ann Arbor last week and Michigan Football made a big move to acquire him, a move so big that he has since received three predictions from On3 that…
(Bloomberg) — Asian stocks were flat after Federal Reserve officials said they needed more evidence of subdued inflation before cutting interest rates.Most read articles on BloombergStock indexes in Hong Kong and mainland China fell at the open. Shares fell in Australia but rose in Taiwan, Japan and South Korea. Asian stock indexes were little changed. In Asia, U.S. futures steadied after Nvidia shares rebounded on Tuesday. The Australian dollar rose after inflation data beat expectations.U.S. consumer confidence has weakened on weakening prospects for the economy, the job market and incomes. Fed President Michelle Bowman said she sees some upside risks…
Groq, an Nvidia challenger making chips for artificial intelligence (AI), is on track to be valued at $2.5 billion in a new funding round led by BlackRock, according to multiple sources.Grok and BlackRock declined to comment.Groq is rumored to be looking at a new funding round and recently hired Morgan Stanley to raise $300 million in new funding, The Information reported last month. Valuation and lead investors have not previously been reported. Related article This article is available exclusively to Business Insider subscribers. Sign up to Insider and start reading now. Have an account? Log in. The new funding has…
Blue Vine Launched master CardIt’s a small business credit card operated by Google that offers 1.5% cash back on all business purchases, merchant discounts, and a variety of business tools. of Bluevine Business Cashback Mastercard It will integrate with other elements of Bluevine’s startup and small business banking platform, giving cardholders access to both their card and their bank. Blue Vine Business Check Users will be able to manage their accounts from a single dashboard, the company said in an announcement on Tuesday (June 25). press release. “BlueVine worked closely with Mastercard to provide a card that truly meets the…
Add analyst comments, stock prices and exchange rates Tokyo stocks opened higher on Wednesday as investors cheered a rise in the tech-heavy Nasdaq index after Nvidia shares closed about 7% higher. The benchmark Nikkei Stock Average rose 0.40%, or 157.10 points, to 39,330.25 at the open of trading, while the Tokyo Stock Price Index… Add analyst comments, stock prices and exchange rates Tokyo stocks opened higher on Wednesday as investors cheered a rise in the tech-heavy Nasdaq index after Nvidia shares closed about 7% higher. In early trading, the Nikkei Stock Average rose 0.40%, or 157.10 points, to 39,330.25, while…
See what’s clicking on FoxBusiness.com Arkansas Attorney General Tim Griffin is taking legal action against Chinese fast fashion retailer Temu, alleging the company’s “deceptive tactics” are harming consumers. Announcing the lawsuit on Tuesday, Griffin said Tem is “more than just an online marketplace.” [but] It is a data theft business that uses online marketplaces as a means to an end.” Griffin’s lawsuit targets Tem’s parent company, PDD Holdings, which China Market Research Group founder Sean Lane describes as “the monster of Chinese e-commerce.” Griffin alleged that the company uses spyware and malware in its apps to obtain consumer data of…