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Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Munich Re Says Full-Year Profit Could Top €5 Billion
The German reinsurer posted net profit for the first three months of 2024 of $2.3 billion, in line with preliminary figures, and said it was “more likely” it would surpass its full-year profit target.The Wall Street Journal - Business -
FTX files plan to fully reimburse customers it defrauded of billions
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.CBS News - Top stories - Crypto -
Bill Hwang lost $35 billion in a spectacular trading implosion. Now, prosecutors will try to prove it was a crime.
The hedge fund trader stands accused of misleading banks and manipulating prices through huge, shadowy stock buys, but he argues he did nothing illegal.MarketWatch - Business -
Biden to announce $3.3B AI investment by Microsoft at scaled-back Foxconn site once touted by Trump
President Joe Biden will travel to Racine, Wisconsin, to announce a $3.3 billion investment by Microsoft to build a new artificial intelligence data center.NBC News - Top stories - Joe Biden -
Biden plugs $3 billion Microsoft AI investment at Wisconsin site where Trump-touted Foxconn plant flopped
President Joe Biden on Wednesday talked up a Microsoft Corp. plan for a data-center complex in Wisconsin’s Racine County, while also criticizing GOP presidential nominee Donald Trump’s economic record in that part of the swing state.MarketWatch - Business - Joe Biden -
Biden Announces $3.3 Billion Microsoft AI Center at Trump’s Failed Foxconn Site
The president’s visit to Wisconsin celebrated the investment by Microsoft in a center to be built on the site of a failed Foxconn project negotiated by his predecessor.The New York Times - Top stories - Joe Biden -
U.S. states’ tax revenue from legal cannabis tops $20 billion since 2014: study
U.S. states’ tax revenues from legal cannabis sales have surpassed $20 billion in total since the recreational marijuana industry kicked off 10 years ago, according to a study by the Marijuana Policy Project.MarketWatch - Business