Category: Joint
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Rivian says other automakers ‘knocking on door’ about tech from VW joint venture
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Written by Abu Hoaroub Roy Palau Alu Alto (California) (Reuters) – A joint project between US Electric Cars, Revyan SUVs and Volkswagen is holding talks with other car manufacturers on the supply of their software and electrical engineering. In November, the German auto manufacturer agreed to invest $ 5.8 billion…
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Microsoft relaxes data center grip on OpenAI amid $500 billion joint venture
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Written by Stephen Nellis and Crystal Ho (Reuters) – Microsoft (MSFT) said on Tuesday it had changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle (ORCL) and Japan’s SoftBank Group to build up to $500 billion of new artificial intelligence…
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SEC To Approve XRP And Solana Joint ETF? Analyst Says Yes
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Analysts from Bloomberg have a positive view that the outcome depends on cryptocurrencies Exchange-traded funds Or the ETF will receive SEC approval in 2025. Cryptocurrency investors may have a lot of options next year when it comes to publicly traded crypto securities, one of which will be a mix of…
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Amazon hit with US labor board complaint over ‘joint employment’ of drivers By Reuters
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Written by Danielle Wiesner (Reuters) – Amazon.com has been charged by the U.S. Labor Council for illegally refusing to negotiate with a union representing drivers working for a contractor, the U.S. labor agency announced on Wednesday. The complaint filed by the National Labor Relations Board (NLRB) alleges that Amazon (NASDAQ:)…
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Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion By Reuters
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(Reuters) – U.S. aluminum company Alcoa Saudi Aramco (NYSE:) said on Sunday it will sell a 25.1% stake in its joint venture with Saudi Arabian Mining Co. (Maaden) for $1.1 billion. Alcoa said in a statement that the deal includes approximately 86 million Maaden shares and $150 million in cash,…
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Tennesse Republican pitches joint SEC-CFTC crypto oversight
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A new crypto bill in Congress seeks to share oversight powers between the Securities and Exchange Commission and the Commodity Futures Trading Commission, two giant regulatory bodies. U.S. Rep. John Rose of Tennessee introduced the Global Digital Assets and Digital Electronic Asset Interconnection and Innovation Act. Establishes A joint advisory…
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Tennesse Republican pitches joint SEC-CFTC crypto oversight
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A new crypto bill in Congress seeks to share oversight powers between the Securities and Exchange Commission and the Commodity Futures Trading Commission, two giant regulatory bodies. U.S. Rep. John Rose of Tennessee introduced the Global Digital Assets and Digital Electronic Asset Interconnection and Innovation Act. Establishes A joint advisory…
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Crypto ‘Pig Butchering’ Scams Targeted In CFTC’s New Joint Crackdown
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In an effort to combat the growing threat of Bitcoin fraud known as “pig slaughter,” the Commodity Futures Trading Commission has issued a announce a coordinated effort With other federal and commercial organizations. In doing so, the agency will work with a variety of federal and private groups—not just the…
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Bitcoin, Ethereum ETFs record joint outflows for first time
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Bitcoin and Ethereum ETFs in the US recorded combined outflows for the first time on August 2. Bitcoin ETFs See $237.4 Million Outflows The 11 U.S.-based Bitcoin (BTC) exchange-traded funds (ETFs) saw net outflows of $237.4 million at the end of trading on Friday, August 2. This is the largest…
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Bitcoin, Ethereum ETFs record joint outflows for first time
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Bitcoin and Ethereum ETFs in the US recorded combined outflows for the first time on August 2. Bitcoin ETFs See $237.4 Million Outflows The 11 U.S.-based Bitcoin (BTC) exchange-traded funds (ETFs) saw net outflows of $237.4 million at the end of trading on Friday, August 2. This is the largest…
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Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
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Shares of Rivian (RIVN) rose in the hours after the electric vehicle maker announced a joint venture deal with Volkswagen (VWAGY), bringing new capital into Rivian’s coffers. Shares of Irving, Calif.-based Rivian rose more than 40% in after-hours trading. Volkswagen has announced that it intends to work with Rivian to…
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Israeli PM Netanyahu accepts offer to address joint session of Congress
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Amir Levy/Getty Images News Israeli Prime Minister Benjamin Netanyahu has accepted an invitation from senior congressional leaders from both parties to address a joint session of Congress. The date and time of his speech have not yet been determined. the May 31 letter Netanyahu asked “To share the Israeli government’s…
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Macron and Scholz make a joint call for more integration, less bureaucracy
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Schultz Macron French President Macron made a rare state visit to Germany today and the two leaders launched a Joint editorial A renewed call for integration into the European Union. And this is her heart: Germany and France are convinced that the EU needs more innovation, more single market, more…
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Japan and ASEAN plan joint strategy on auto production, Nikkei reports By Reuters
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(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s growing presence in the electric vehicle market, a newspaper reported on Monday. The goal is to develop an interim…