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There are vast reserves of croplands in Siberia, Russia. Ilya Naymushin/Reuters Investing in Russia after the war with Ukraine could present a surpising upside, said an investor. That's thanks to vast farmlands in Siberia, said Cheah Cheng Hye, co-CIO of Value Partners Group. Chinese investors were already snapping up farmland in Siberia before the war. […]
A pool of more than $ 424.4 million contributed by taxpayers is waiting for Congress to decide how best to use it. In the meantime, no one is using it — and they haven't for years. Bill Oxford/Getty Images The money is supposed to publicly fund presidential campaigns. But it doesn't. Republicans and Democrats in […]
Every week, our lead climate reporter brings you the big ideas, expert analysis, and vital guidance that will help you flourish on a changing planet. Sign up to get The Weekly Planet, our guide to living through climate change, in your inbox. Last month, a tiny hedge fund called Engine No. 1 staged a coup […]
Many über-rich people don't outsource their wealth — they hire their own chief investment officers. These money managers fly under the radar, but their investment decisions range from buying sports teams to picking hedge funds. Insider's Hayley Cuccinello got to know 10 CIOs who control the vast personal fortunes of some of the richest Americans. […]
The Tribune Tower rises above the streets of downtown Chicago in a majestic snarl of Gothic spires and flying buttresses that were designed to exude power and prestige. When plans for the building were announced in 1922, Colonel Robert R. McCormick, the longtime owner of the Chicago Tribune, said he wanted to erect “the world’s […]
The cppib is an investment force to be reckoned with
Unreal Engine company Epic Game is using its sizable Fortnite-backed bank account to woo unhappy Unity developers away from that platform.Read More
Enlarge / V C Summer Nuclear Station Unit 1. (credit: DJSlawSlaw / Wikimedia Commons) Today, South Carolina energy company SCANA and its potential purchaser Dominion Energy reached a settlement with class-action litigants to offer a significant energy bill rate cut in exchange for the litigants dropping a lawsuit over $ 2 billion in energy bill […]
Federal prosecutors have charged three men in connection with an alleged $ 364 million Ponzi scheme that could have more than 400 victims nationwide. The men were indicted on charges of conspiracy, wire fraud, identity theft, and money laundering. The indictment alleges that the three men took $ 73 million of investors’ funds “to purchase […]
Amazon CEO and world’s richest man Jeff Bezos has invoked Twitter wrath for seemingly an all-around commendable cause – setting up a charity fund to fight homelessness and create a preschool network for the underprivileged. The so-called Day One Fund will be multi-billionaire businessman’s most significant foray into philanthropy to date. The 2$ billion pledged […]
