Trump announces $20 billion foreign investment to build new U.S. data centers

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  Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals

  Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.
  
  The New York Times - 17h

• Trump boasts foreign investments, blasts Biden administration

  Politico - 22h
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  Emirati billionaire investing $20B in US to build data centers

  President-elect Trump announced Tuesday that Emirati billionaire Hussain Sajwani plans to invest $20 billion in the United States “over a very short period of time” to build data centers across the ...
  
  The Hill - 20h

• Trump announces Dubai company will invest at least $20 billion in U.S. data centers

  DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.
  
  CBS News - 20h

• Business leaders court Trump as UAE billionaire promises to spend $20 billion on U.S. data centers

  President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in ...
  
  MarketWatch - 21h

• Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025

  Over half of Microsoft's $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.
  
  CNBC - 4d
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  Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months

  Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.
  
  NBC News - 4d

• New to the U.S.: How migrants are building new lives in America

  CBS News tells the real-life stories of migrants across the country and the impact a recent influx is having on our communities.
  
  CBS News - 4d

More from CNBC

• Quantum stocks like Rigetti plunge after Nvidia's Huang says the computers are 15 to 30 years away

  Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are likely decades in the future.
  
  CNBC - 13m

• Private sector companies added 122,000 jobs in December, less than expected, ADP says

  Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.
  
  CNBC - 10m

• Trump could declare national economic emergency to justify universal tariffs, CNN reports

  The President-Elect is looking at utilizing the International Economic Emergency Powers Act to implement his plan for tariffs on imports.
  
  CNBC - 2h

• European wind stocks tumble after Trump says he will stop new turbine construction

  The president-elect went on a lengthy attack against wind turbines during a press conference.
  
  CNBC - 59m

• Mortgage rates hit highest level since July, crushing application demand

  Total mortgage application volume dropped 3.7% compared with the previous week.
  
  CNBC - 1h

More in Business

• ‘I’m semi-retired and working about 20 hours a month’: With congestion charges, insurance and gas prices — is it time to become a one-car family?

  “I’m considering downsizing to one car to save about $1,600 a year.”
  
  MarketWatch - 10m

• Private sector companies added 122,000 jobs in December, less than expected, ADP says

  Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.
  
  CNBC - 10m

• Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation

  Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.
  
  MarketWatch - 11m

• Quantum stocks like Rigetti plunge after Nvidia's Huang says the computers are 15 to 30 years away

  Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are likely decades in the future.
  
  CNBC - 13m
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  How a Businessman Fleeing Fraud Charges Built a Life Offshore

  Fleeing fraud charges, Samuele Landi evaded extradition treaties, dabbled in crypto, procured diplomatic credentials and took advantage of all the offshore world has to offer.
  
  The New York Times - 20m