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☆ China's $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says
▼ + stars: | 2024-05-29 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Digitally Generated Images Wong Yu Liang | Moment | Getty ImagesChina set up a multibillion-dollar state-backed investment chip fund last week — and one observer says it will likely focus on advanced chips for AI and establishing the entire supply chain. "Fund 3 will focus on [establishing] the total supply chain. watch nowChina has piled 344 billion Chinese yuan ($47.5 billion) into a third investment fund that aims to boost its domestic semiconductor industry amid an escalating technology war with the U.S. The China Integrated Circuit Industry Investment Fund, also known as the National Integrated Circuit Industry Investment Fund and the Big Fund, is part of China's efforts to reduce foreign reliance in its domestic chip industry. The first two funds raised 138.7 billion yuan and 204 billion yuan in 2014 and 2019 respectively.

Persons: Wong Yu Liang, Winston Ma, Ma, CNBC's Organizations: NYU School of Law, U.S, China Integrated Circuit Industry Investment Fund, National Integrated Circuit Industry Investment Fund, Big Locations: China, Netherlands

☆ This is the word of the summer on Wall Street
▼ + stars: | 2024-05-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Bifurcation is the word of the summer. Or it’s the word of the summer among investors, at least. It’s a word that the market gets hung up on and then all you do is hear that word. But I think that’s nearing an end, and so I would expect a slowdown in consumer spending. I’m not so sure that’s going to happen this time because their balance sheets and cash flows aren’t as strong.

Persons: Bell, Scott Wren, I’ve, We’ve, You’ve, you’ve, they’ve, That’s, hasn’t, you’re, I’m, Elon Musk’s, Elon Musk, Anna Cooban, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok, Laura He, Xi Jinping’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Fed, Elon, Investors, Sequoia Capital, xAI, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise Locations: New York, United States, Wells Fargo, Silicon, Saudi, OpenAI, China, ICBC, Beijing

☆ China chip industry gets $47.5 billion in new funding
▼ + stars: | 2024-05-27 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Worth $47.5 billion, the fund is being created as the US imposes sweeping restrictions on the export of American chips and chip technology in a bid to throttle Beijing’s ambitions. The latest investment vehicle is the third phase of the China Integrated Circuit Industry Investment Fund. The first phase of the fund was set up in 2014 with 138.7 billion yuan ($19.2 billion). In 2022, the country’s anti-graft watchdog launched a crackdown on the semiconductor industry, investigating some of China’s top figures in state-owned chip companies. Last year, China’s Huawei shocked industry experts by introducing a new smartphone powered by a 7-nanometer processor made by China’s Semiconductor Manufacturing International Corporation (SMIC).

Persons: Xi Jinping’s, Lu Jun, ”, Xi’s, Biden, China’s, Mark Rutte, Xi Organizations: Hong Kong CNN, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise, Ministry of Industry, Information Technology, IC, US, China’s Huawei, China’s Semiconductor Manufacturing International Corporation, Huawei, Dutch Locations: Hong Kong, China, ICBC, Beijing, Netherlands, Japan, United States, ASML

☆ Opinion: Diddy’s apology to Cassie Ventura rings hollow
▼ + stars: | 2024-05-21 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +6 min

He is happy they got to a mutual settlement and wishes Ms. Ventura the best.”Well, now there’s a video. My behavior on that video is inexcusable.”Combs added: “I take full responsibility for my actions in that video. I’m disgusted now.”Here’s the thing, though: Combs had the opportunity to take full responsibility last year, when Cassie filed her claim. Resources for victims of domestic violenceNational Domestic Violence Hotline Call 1-800-799-7233 or text LOVEIS to 22522. If you, or someone you know, is being affected by domestic violence, a worldwide list of directories is provided by UN Women.

Persons: Jill Filipovic, CNN —, Cassie Ventura, “ Cassie ”, Sean “ Diddy ” Combs, Combs, ” Ben Brafman, “ Mr, Ventura, “, ”, ” Combs, I’m, Cassie, Combs ’ Organizations: Twitter, CNN, US, Facebook, UN Locations: New York, ”

☆ 'This is what you live for': How to handle GameStop's jaw-dropping swings as meme stocks make a comeback, according to a momentum-obsessed technical strategist
▼ + stars: | 2024-05-15 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

He believes the stock market is rational — even when it doesn't appear to be. Related stories"The market is ruthlessly efficient, both long term and short term," Lundgren said. The strategist added: "The market doesn't care one iota about fundamentals in the short term. Like any market, stock exchanges determine prices based on what buyers and sellers will pay and sell for. Just because it's taking place in a mall doesn't make that mall an insane asylum."

Persons: —, Tuesday's, Redditors, David Lundgren, Lundgren, who's, that's, It's, Benjamin Graham, Mark Minervini Organizations: Service, GameStop, Business, Street, MOTR Capital Management & Research, Little Harbor Advisors, AMC

The numbers behind a big fundOn Wall Street, one mystery has been whispered about for months: How accurate is the valuation of Blackstone’s flagship real estate fund? The speculation has arisen because the fund, the $59 billion Blackstone Real Estate Income Trust — more commonly known as BREIT — has managed to keep an “appraised” value of its assets that far exceeds virtually every other real estate fund. Many rivals have fallen in value, some quite dramatically, in the face of high interest rates and a flagging property market. BREIT’s performance has floated above its competition, and it has boasted a 10.5 percent annual return since its 2017 debut. (Those appraisals help to determine a firm’s management fees: The higher the appraisal value, the higher the fees.)

Persons: —, Blackstone, DealBook’s Andrew Ross Sorkin, Michael de la Organizations: Blackstone Real Locations: Michael de la Merced

CNN —For South Dakota Gov. A bipartisan group of members of Congress set up a Congressional Dog Lovers Caucus in a not so subtle dig to the South Dakota governor. Some Republicans came to her defense, like South Dakota Rep. As many questioned why she volunteered this story in her book, Noem said it demonstrates how she doesn’t run from the truth. As governor of South Dakota during the height of the Covid-19 pandemic, she resisted lockdowns.

Persons: Kristi Noem, –, Donald Trump’s, ”, Noem, Dusty Johnson, Dakota Sen, Mike Rounds, “, ” Noem, ” Trump, Stephen Colbert, Kim Jong, Emmanuel Macron, Kim, Nikki Haley, Haley, Ian Fury, ” Fury, ” Jesse Hunt, Trump, She’s, Corey Lewandowski, That’s, ” Nancy Pallozzi, Matt Gorman, Gorman, it’d Organizations: CNN, South Dakota Gov, Cricket, The Guardian, Caucus, South Dakota Rep, Fox News, Dakota Scout, US House Armed Services Committee, North Korean, Scout, Politico, South Carolina Gov, Republicans, Republican, Republican Governors Association, National Rifle Association, Trump, Trump loyalists, Mar, California GOP, Jefferson County Republicans, Jefferson County Republican Party Locations: Dakota, America, Texas, South Dakota, California, Denver, Jefferson

☆ Maybe Kristi Noem doesn't want to be Trump's vice president
▼ + stars: | 2024-05-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Kristi Noem keeps hurting her chances to become Donald Trump's running mate. Kristi Noem has campaigned so badly to be former President Donald Trump's vice president that even some of the most controversial Trumpworld figures are turned off. If Noem truly wants to be vice president, this has been one of the worst efforts to obtain the job. AdvertisementIt's a difficult balance trying to become vice president. At worst, a potential vice president could lose all the leverage to shape the role in a way that would benefit him or her the most.

Persons: Kristi Noem, Donald Trump's, Noem, —, I've, Steve Bannon, Donald Trump Jr, Bannon, Trump, Tim Walz, Nicole Malliotakis, Joe Biden, Barack Obama, Harry Truman, FDR, Sen, JD Vance, Trump . Sen, Marco Rubio, Doug Burgum, Tim Scott of, George Costanza, Saul Goodman, Saul, Biden, Los Angeles Mayor Eric Garcetti, Karen Bass, Susan Rice, Gretchen Whitmer, Elizabeth Warren Organizations: South Dakota Gov, Service, White, Trump Jr, Cricket, The Guardian, Minnesota Gov, GOP, New, New York Republican, Politico, Gov, Ohio Republican, Trump ., Trump, Trump . North Dakota Gov, Wall Street, Los Angeles Mayor, New York Times, Michigan Gov Locations: New York, Texas, Ohio, Trump ., Tim Scott of South Carolina, Los Angeles, Biden's White

☆ Disney and its rivals are breaking spending records for this week's shareholder fight
▼ + stars: | 2024-04-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Disney's proxy battle is expected to cost the company and rival hedge funds at least $70 million. Retail investors make up a big chunk of Disney shareholders, and it's expensive to reach them. The outcome of the shareholder vote could change Disney's direction, but its impact is still unclear. AdvertisementThis week's big Disney shareholder vote is supposed to be a seismic event — a referendum on the future of one of the world's most important entertainment companies. But we can definitively say that the Disney proxy battle, which concludes on Wednesday, has been a nice boost for a collection of consultants and media companies.

Persons: —, — Nelson Peltz's, Bob Iger Organizations: Disney, Service, New York Times, Vanguard, Partners, Okapi Partners, Business

☆ Some VCs are over the Sam Altman hype
▼ + stars: | 2024-03-26 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +8 min

In late 2023, when OpenAI sought $300 million from investors, CEO Sam Altman chose a different approach. In some corners of this clubby world, over $7 coffee and artisanal cocktails, the meteoric rise of OpenAI and Sam Altman is giving way to an inevitable backlash. "He's a kingmaker," a Silicon Valley startup founder and angel investor who knows Altman. Sam Altman and OpenAI did not respond to requests for comment. A certain somethingMany of the VCs who spoke with BI said Altman has a certain something.

Persons: —, OpenAI, Sam Altman, Altman, they'd, I've, Ali Ghodsi, Altman's, Ghodsi, Steve Jobs's, Paul Graham, he's, Sam, Jack Altman, It's, it's, Elon, Alexander the Great, Adam Neumann Organizations: Service, NEA, Business, Altman's, The Washington Post, The, YC, BI, WeWork Locations: Sequoia, Silicon Valley, The, San Francisco

18-22 View All 11 ImagesMeanwhile, Trump's campaign – and the national Republican Party – are having cash problems of their own. President Joe Biden's campaign raised $21.3 million in February – almost twice the $10.9 million Trump's campaign raised during the same period, according to filing with the Federal Election Commission. The Democratic National Committee also outraised its counterpart, with the Democratic group pulling in $16.6 million in February, compared to the $10.7 million the Republican National Committee raised in the same period. The amounts for both parties and candidates do not include money raised by outside groups or coordinated committees on behalf of each candidate. Big donors might be reluctant to contribute money to a Trump or GOP committee if they think it will go to pay Trump's private legal bills.

Persons: Donald Trump, Trump, boastful Trump, Letitia James, –, Republican Party –, Joe Biden's, Richard Lau, Lau, Biden, “, I’m, ” Biden, Donald, ’, it's, Sarah Bryner, Bryner, Donald Trump Jr Organizations: Republican National Committee, Republicans, Republican Party, Federal, Commission, Democrat, Trump, Democratic National Committee, Democratic, Save America PAC, RNC, Republican, GOP, Rutgers University, Biden –, Responsive, Trump Media, Acquisition Corporation Locations: New York, Dallas

☆ McCarthy foes face blowback as primary threats grow and GOP donors shut wallets
▼ + stars: | 2024-02-11 | by ( Melanie Zanona | Manu Raju | ) edition.cnn.com time to read: +12 min

CNN —Donors no longer want to contribute to their campaigns. So we obliged her,” one House Republican told CNN. Rep. Tim Burchett of Tennessee told CNN some “very wealthy folks” shut their wallets to him in the aftermath of his vote. “If you’ve watched, just her philosophy and the flip-flopping, I don’t believe she wins reelection,” McCarthy told CNN. “We are an incumbent-driven organization and support all House Republican incumbents call,” said a spokesman for the National Republican Campaign Committee.

Persons: Kevin McCarthy, Manu Raju ”, Nancy Mace, Bob Good, Matt Rosendale, McCarthy, Mace, “ I’m, Trump, Kevin McCarthy’s, ” Mace, “, ”, Ron DeSantis, Donald Trump, Good, Mace aren’t, Tim Burchett, “ They’ve, ” Burchett, I’m, Burchett —, —, “ He’s, I’d, Andy Biggs of, Biggs, Matt Gaetz, ” Biggs, Bob, Nancy, Mike Johnson, “ McCarthy couldn’t, ” Gaetz, he’s, Gaez, Drew Angerer, Brian O, Walsh, you’ve, Catherine Templeton, John McGuire, Jeff Miller, Marjorie Taylor Greene, McGuire, Tim Sheehy, Rosendale, McCarthy’s, Mark Lamb, Eli Crane, Lamb, Crane, hasn’t, ” Crane, “ Crane, there’s, Mace —, Mace doesn’t, ” McCarthy, Tom Williams, Johnson, Greg Steele, CNN’s David Wright, Sam Fossum, Morgan Rimmer Organizations: Republicans, CNN, Capitol, GOP, Senate, Good, Main Street Caucus, Republican Governance Group, Republican, 1st Congressional District, Freedom Caucus, Florida, ”, Politico, Navy SEAL, Montana Senate, Trump’s, Burchett, Tennessee Republican, Caucus, National Republican Campaign Locations: Washington, South Carolina, Virginia, Montana, Tennessee, Andy Biggs of Arizona, Florida, Washington ,, Marjorie Taylor Greene of Georgia, Rosendale, California, Arizona, Crane, Trump’s Nevada, Las Vegas, Israel

☆ Investors spy value in cheap Finnish stocks after China and Russia pain
▼ + stars: | 2023-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +4 min

Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".

Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava

But areas of the market dominated by small stocks and frequented by the country's retail investors have done surprisingly well. Scores of retail investors are dabbling in micro-cap stocks - stocks whose market capitalisation is tiny - operating under the radar of big funds and investors and their massive market-moving flows. Strategies such as Cui's stand out this year in a stock market depressed by China's wobbly economy, heightened geopolitical risks and surging overseas interest rates. Some brokerages are starting to recommend micro stocks to clients. GF Securities said in an October strategy report that buying micro stocks is part of a new investment paradigm in a stock market suffering from anaemic growth, and global decoupling risks.

Persons: Aly, horribilis, Joseph Cui, Cui, Yuan Yuwei, Helen Wu, Wu, Yi Huiman, Lu Deyong, Seres, Lu, Huang Yan, Jason Xue, Samuel Shen, Summer Zhen, Vidya Ranganathan, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei Technologies, Regulators, Wisdom Asset, China Securities Regulatory Commission, Huawei, Security Technology, TRS Information Technology, Automotive, Seres, Securities, Shanghai QiuYang, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, ChatGPT, Ningbo, Summer, Hong Kong

☆ China's semiconductor state fund invests $2 billion in memory chip firm
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/Illustration//File Photo Acquire Licensing RightsBEIJING, Oct 31 (Reuters) - China's state-backed chip investment fund has invested 14.56 billion yuan ($1.99 billion) in a memory chip company called Changxin Xinqiao, records showed. According to company registration website Qichacha, Changxin Xinqiao was founded in 2021 in Hefei city, in the eastern Anhui province. Its general manager is Zhao Lun, who is the general manager of ChangXin Memory Technologies, one of China's leading memory chip companies. Changxin Xinqiao and the Big Fund did not immediately respond to Reuters' requests for comment. The organization raised 138.7 billion yuan for its first fund, and 204 billion yuan for its second fund.

Persons: Florence Lo, Changxin Xinqiao, Zhao Lun, YMTC, Changxin, Yelin Mo, Roxanne Liu, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Rights, China Integrated Circuit Industry Investment Fund, National Enterprise, Technologies, Big Fund, Memory Technologies, Huawei Technologies Co, Big, Reuters, Thomson Locations: China, Rights BEIJING, Changxin, Hefei city, Anhui, United States, Changxin Xinan, Hefei Xinyi, Taiwan, South Korea, Beijing, Shanghai

☆ One $16 bln deal travels lonely dual track
▼ + stars: | 2023-10-09 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 9 (Reuters Breakingviews) - When courting buyers, sellers like to make it seem as if there are plenty of options. So it is with buyout firms GTCR and Apax Partners as they explore ways to cash in on AssuredPartners, the insurance broker they own together. This parallel process, colloquially called a dual track, can build competitive tension to wheedle a higher price, but it’s too soon for the idea to pose a plausible threat. For example, cybersecurity provider AppDynamics was planning an IPO that would have valued it at around $2 billion in late 2016. Reuters Graphics Reuters GraphicsHigher interest rates have made it harder to borrow and for buyers and sellers to agree on valuations.

Persons: it’s, AppDynamics, Apax, AssuredPartners, GTCR, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, Apax Partners, Cisco Systems, Bloomberg, Reuters Graphics, Cisco, SoftBank, Thomson Locations: AssuredPartners

☆ Metro Bank plunges on talk of big fundraising to fix finances
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. As of Wednesday's close, Metro Bank was valued at 87 million pounds. The fundraising could include more than 100 million pounds from selling shares to bolster capital, three sources familiar with the matter told Reuters on Wednesday. Metro Bank recently brought in Morgan Stanley as adviser, the people said. Metro Bank is subject to higher capital requirements set by the regulator if unable to use its own models, a concern that has been weighing on the stock.

Persons: Hannah McKay, Gary Greenwood, Morgan Stanley, Danilo Masoni, Iain Withers, Sinead Cruise, Mark Potter Organizations: Metro Bank, REUTERS, Reuters, Shore Capital, Bank of England's Prudential, Authority, Metro, Thomson Locations: London, Britain

☆ Vivek Ramaswamy's 'anti-woke' investment firm now manages assets worth more than $1 billion
▼ + stars: | 2023-09-06 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Republican presidential candidate Vivek Ramaswamy is the cofounder of an "anti-woke" ETF firm. The company was set up last year and now manages assets worth more than $1 billion. Ramaswamy's firm is a riposte to the ESG-centric policies of some big investment firms. Last month he said the "big three" investment firms – BlackRock, State Street, and Vanguard – represented "arguably the most powerful cartel in human history." Ramaswamy is vying with Florida governor Ron DeSantis for second place in opinion polls, but both lag some distance behind former President Donald Trump in the race for the Republican presidential nomination.

Persons: Vivek Ramaswamy, Ramaswamy, Eric Balchunas, Anson Frericks, It's, Vanguard –, Ron DeSantis, Donald Trump Organizations: Service, GOP, Bloomberg Intelligence, US Energy ETF, Energy ETF, Bloomberg, – BlackRock, Vanguard, Republican Locations: Wall, Silicon, BlackRock, ESG, Florida

It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively. China's finance ministry is planning to contribute 60 billion yuan, said one person. Backers of the Big Fund's previous two funds include the finance ministry and deep-pocketed state-owned entities such as China Development Bank Capital, China National Tobacco Corporation and China Telecom. INVESTMENT MANAGERSThe Big Fund is considering hiring at least two institutions to invest the new fund's capital, said the three people.

Persons: Xi Jinping, Florence Lo, China's, Julie Zhu, Kevin Huang, Yelin Mo, Roxanne Liu, Sumeet Chatterjee, Edwina Gibbs Organizations: U.S, China Integrated Circuit Industry Investment Fund, Big Fund, Washington, Information Office, Ministry of Industry, Information Technology, REUTERS, China Development Bank Capital, China National Tobacco Corporation, China Telecom, Big, Semiconductor Manufacturing International Corporation, HK, Hua Hong Semiconductor, Memory Technologies, IC, China Aerospace Investment, China Aerospace Science, Technology Corporation, Thomson Locations: HONG KONG, BEIJING, China, Beijing, U.S, Japan, Netherlands

☆ China is reportedly spending big to boost its production of chips for AI and smartphones after the US cracked down on exports
▼ + stars: | 2023-09-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

China is planning a $41 billion fund to boost its semiconductor industry, per Reuters. AdvertisementAdvertisementChina is planning a huge state-backed fund to boost its production of semiconductors after the US cracked down on exporting chips to the country, Reuters reported. It will be launched by China's "Big Fund" — officially known as the China Integrated Circuit Industry Investment Fund. AdvertisementAdvertisementBut even before then, the US was clamping down on exporting semiconductors to China. A huge new state-backed fund would bolster that aim in the face of sanctions.

Persons: China's, —, they've, Xi Jinping Organizations: Morning, Reuters, China Integrated Circuit Industry Investment Fund, Semiconductors, Department of Commerce, Guardian Locations: China, Taiwan, Phoenix , Arizona

☆ Dropoff in venture capital funding triggers uptick in pre-emptive deals with investors desperate to back the hottest startups
▼ + stars: | 2023-08-02 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Venture capital funding was cut in half in the first six months of 2023, according to Crunchbase. The dropoff has triggered an uptick in pre-empted deals, where investors back the most exciting startups. Payrails, Cello, and ElevenLabs are among the startups to close pre-emptive deals this year. Venture capital funding to startups has continued to collapse in 2023. The slowdown has led to something of an uptick in pre-empted funding rounds, where investors come forward with deal terms to exciting early-stage businesses before they even begin fundraising.

Persons: VCs, Tom Mendoza Organizations: Venture, Crunchbase, Energy, EQT Ventures Locations: London, Berlin

BRUSSELS, July 19 (Reuters) - European Union foreign ministers are expected to discuss a proposal on Thursday to spend up to 20 billion euros ($22.4 billion) on weapons, ammunition and other military aid for Ukraine over four years. The fund has already allocated more than 5 billion euros in support for Ukraine since February last year. An EU official said the aim was to provide more military aid to Ukraine "on a more predictable and sustainable basis". The Peace Facility is used to reimburse EU countries for at least part of the cost of weapons, ammunition and other military aid they give to nations outside the bloc. Diplomats said they expect EU governments to consider the plan alongside a proposal from the European Commission, the bloc's executive, to provide 50 billion euros in economic aid to Ukraine over the same four-year period.

Persons: Josep Borrell, Borrell, Andrew Gray, Jan Strupczewski, Daniel Wallis Organizations: Union, Kyiv, NATO, Peace, Ukraine, EU, Ukraine Defence Fund, Diplomats, European Commission, Thomson Locations: BRUSSELS, Ukraine, Vilnius, EU, Kyiv, Spain

☆ DeSantis donors privately worry about campaign as Florida governor lags in 2024 polls
▼ + stars: | 2023-07-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Presidential candidate and Florida Governor Ron DeSantis waves to a crowd at a campaign event on June 2, 2023 in Gilbert, South Carolina. "He has a tremendous record as governor of Florida, and our country would be well-served by him as president," Griffin said then. Braman's company, Braman Motors, contributed $100,000 to the state-based DeSantis PAC, as well, according to the records. Andrew Romeo, a spokesman for the DeSantis campaign, did not deny any element of this story. "You could wallpaper the governor's residence with the amount of premature political obituaries written about Ron DeSantis.

Persons: Ron DeSantis, Donald Trump, Murdoch, Rupert Murdoch, They're, Trump, DeSantis, Ken Griffin, Mike Pence, Nikki Haley, Chris Christie, Sen, Tim Scott of, Nothing's, Zia Ahmed, Griffin, Semafor, Norman Braman, Clive Fields, Robert Bigelow, Braman, Marco Rubio, Fields, Griffin's, Andrew Romeo, Joe Biden, Romeo Organizations: Florida, Florida Gov, Fox Corp, News Corp, Trump, Citadel, GOP, South Carolina Gov, New, New Jersey Gov, Politico, New York Times, Republican, Philadelphia Eagles, Braman Motors, PAC, CNBC Locations: Gilbert , South Carolina, Florida, New Jersey, Tim Scott of South Carolina

We asked investors at European venture capital funds to pick out rising stars in the industry. Venture capital is in a state of flux right now. Insider has set out to identify some of the rising stars in Europe's venture capital ecosystem who are taking on that challenge. It is London-dominated, with the UK capital once again taking the most VC funding in Europe last year. Read on to see 2023's rising stars of venture capital in Europe, in no particular order.

Persons: Read Organizations: Venture Locations: London, Berlin, Paris, Europe, Stockholm

Thin liquidity and big playersCrypto "market depth" has been sitting at very low levels this year. Market depth is a measure of liquidity in a market. According to data firm Kaiko, bitcoin's market depth has fallen 20% since the start of this year. Low liquidity, which has been a feature of the crypto market all year, is also partly behind bitcoin's 80% year-to-date rally. "I think trading volumes and price volatility are two of the most telling indicators of crypto market activity.

Persons: Andriy Onufriyenko, Bitcoin, Kaiko, Jamie Sly, Sly, bitcoin, Clara Medalie, Morgan Stanley, Goldman Sachs, Carol Alexander, Alexander, you've, Vijay Ayyar, Ayyar, CCData's Sly Organizations: BlackRock, CNBC, BTC, Securities, Exchange Commission, Retail, University of Sussex, Citadel, Fidelity Locations: U.S, CoinGecko, Invesco, Blackrock

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