China's Secret Plan to Bankrupt Millions of Americans?

A mountain of evidence compiled over the past 20 months makes it clear to us that China has put in a covert plan that will cost the U.S. government $9 trillion...and harm ordinary citizens. How you handle this situation will be one of the most important financial decisions you ever make.

Google Makes Major Solar Move, Acquires Stake In Taiwan-Based New Green Power Owned By BlackRock

Benzinga Neuro
June 30, 2024

Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google has purchased a stake in a Taiwanese solar power company. The deal, which involves New Green Power, a firm owned by BlackRock (NYSE:BLK), could see Google procure up to 300 megawatts of renewable energy.

What Happened: Google has made a strategic move to invest in New Green Power, a solar power company based in Taiwan. The tech giant has also secured the right to purchase up to 300 megawatts of renewable energy from this BlackRock-owned firm.

This initiative is part of Google’s broader strategy to reduce its carbon emissions and those of its suppliers, Google announced on Monday.

As a significant hub for Google’s cloud technology, Taiwan currently relies on fossil fuels for nearly 85% of its power. This investment aims to support the development of a large-scale solar pipeline in Taiwan, according to Amanda Peterson Corio, Google’s Global Head of Data Center Energy.

See Also: Goldman Sachs Casts Doubt On ‘Exceptionally Expensive’ AI Investments By Tech Companies

Corio also mentioned that this investment is expected to drive the equity and debt financing for the build-out of New Green Power’s 1 gigawatt pipeline.

Taiwan is targeting 20 GW of solar capacity by 2025 and up to 80 GW by 2050, BlackRock said, as per a Reuters report on Monday.

Why It Matters: This move aligns with Google’s ongoing commitment to sustainability. In 2023, Google ventured into renewable energy mapping, aiming for a revenue of up to $100 million in its first year. The company looked to license new sets of mapping data to help build products around renewable energy.

Google’s investment in New Green Power comes at a time when the renewable energy sector is experiencing significant growth. Solar energy, in particular, has been outpacing wind energy.

Google’s investment in renewable energy also complements its broader efforts to expand its technical infrastructure. In June, Google announced a $2.3 billion investment in Ohio’s data centers to support the state’s growing technology hub.

Price Action: Alphabet Inc. Class C shares closed at $183.42, down 1.84% on Friday. In after-hours trading, the stock rose to $183.95, a 0.29% increase. Year to date, the stock has gained 31.43%.

Similarly, Alphabet Inc. Class A shares closed at $182.15, down 1.76% on the same day. In after-hours trading, the stock increased to $182.56, a 0.23% rise. Year to date, the stock has risen 31.83%, according to data from Benzinga Pro.

Read Next: Smart Money Is Betting Big In GME Options

Image Via Flickr

This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote

Continue Reading...

Popular

These Are The Top Democratic Contenders Who Could Succeed Biden If President Were To Bow Out Of

In the wake of a debate performance that drew widespread criticism, speculation has been reignited about whether President Joe Biden should bow out before the November election.

Elon Musk's Crazy New Experiment...REVEALED - Ad

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

Top 3 Tech Stocks Which Could Rescue Your Portfolio In July

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

The Surprising Way to Play AI (Not Stocks!) - Ad

Almost nine out of 10 Americans completely ignore this market. And your broker probably isn't going to help you invest in this niche. That's because this niche of the AI market is completely outside of the stock market. Take advantage of these potential AI superstars....

Microsoft, Amazon Or Palantir: Reddit Users Debate How To Invest $4,900

Reddit users debate best stock picks for $4.9K investment. Microsoft and Amazon seen as strong choices, while Palantir's potential sparks debate.

As Trump Prepares For Comeback, Latest Pew Poll Reveals Which Presidential Candidate Rest Of World Prefers

In light of former President Donald Trump's recent perceived triumph in the presidential debate, world leaders are gearing up for the possibility of a second Trump administration.

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

Jim Cramer Has A Market Strategy: Interest Rates Up, Buy Mag 7; Rates Down, Buy Everything

Jim Cramer, the host of CNBC's "Mad Money," has advised investors to consider buying the 'MAG 7' stocks when interest rates rise and to buy everything when rates fall.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Ford's Jim Farley Embraces EVs, Exciting Rival Tesla CEO Elon Musk, But Report Says Nearly Half Of EV Owners In US Want To Switch Back To Gas

Ford CEO Jim Farley on Friday wrote an article on X, detailing his long-standing love for gas vehicles and a newfound love for EVs, and rival CEO Elon Musk is excited. The sentiment, however, is not shared by EV owners across the U.S.

Trump Media & Technology Stock Soars After Presidential Debate - What's Going On?

Trump's media group shares soared after the first 2024 presidential debate between Biden and Trump. Biden's age and hoarse voice raised concerns.

Exposed: 3 Cent Crypto to Explode July 22nd? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Chewy, Apple, Marathon Digital, McDonald's, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Monday evening, major U.S. indices closed in positive territory. The Dow Jones Industrial Average increased by 0.1%, reaching 39,169.52. The S&P 500 rose by 0.3% to 5,475.09, while the tech-focused Nasdaq climbed 0.8% to finish at 17,879.30. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Micron Shares Slipping 8% After Hours 'Bad News' But 'Good News' Is The AI Trade Is Intact, Says Gene Munster

Micron Technology Inc. experienced a significant drop of nearly 8% in after-hours trading, following its latest earnings report. However, Gene Munster, the managing partner at Deepwater Asset Management, remains optimistic about the company's AI prospects.

Get in Our "Ozempic Trade" Before It's Too Late... - Ad

In the past 90 days, one stock has jumped 96% and another has gained 88%. Don't miss out on the next round of potential winners. Here are 4 "Ozempic Stocks" you must own.

Supreme Court Rejects Trump-Ally Steve Bannon's Appeal, Prison Sentence Looms

The Supreme Court dismissed Steve Bannon's final appeal to avoid prison, mandating him to report to prison by July 1 for his contempt of Congress conviction.

Buy These 3 Stocks Before the FDA's Anticipated Announcement - Ad

See this ASAP! This could NOT be more urgent.... Ian King has identified 3 little-known stocks that could go up 10X in the coming years. It's all thanks to a breakthrough product that could save billions of lives. Maybe even yours.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

Bitcoin Rebounds From ETF Outflows, Back Above $61K

Bitcoin (CRYPTO: BTC) has bounced from its poor showing in Monday trading and is trading back above $61,000, despite significant net outflows from spot ETFs.

This AI Stock Surges Nearly 3% Premarket As SoftBank Reportedly Plans To Launch AI-Powered Medical Service In Japan

SoftBank Group is set to introduce a medical service in Japan that uses artificial intelligence to analyze personal medical data, including genetic information. The service will be launched through a joint venture with U.S. healthcare company Tempus AI Inc.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Nvidia, Amazon And 2 Other Stocks Insiders Are Selling

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced.

UBS Sells Stake In China Joint Venture To Comply with Local Regulations: Report

UBS selling partial stake in securities joint venture to BSAM in China, consolidating operations, CEO says it's optimal move for compliance.

Man Who Predicted Trump 2016 Win: "Prepare for Election Meltdown" - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Michael Jackson Faced Over $500 Million Worth Of Debt At Time Of Death, Filings Show

Recent court filings reveal that the estate of pop legend Michael Jackson was in debt to the tune of over $500 million at the time of his death in 2009.

The Election Shock Nobody Expected... (But You'll See it Coming) - Ad

It comes down to just 9 words... Nine simple words which when spoken, will determine the outcome of the 2024 election... These words have nothing to do with Trump, the economy, or what's happening in Ukraine, China or Israel. This is the scandal that isn't being reported (yet.) But my political operatives tracked down this story.

Rivian Enhances Older R1 Models With New Software Update Following Gen-2 Unveiling

EV maker Rivian Automotive Inc on Friday said that it has a few upgrades in store for its first generation R1 owners in its latest software update, including suspension software enhancements and a redesigned user interface.

Federal Court Dismisses Marijuana Companies' Lawsuit Against Government Prohibition

Federal court dismisses marijuana companies' lawsuit against federal prohibition, citing Supreme Court precedent.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

ChatGPT-Maker OpenAI To Restrict Access To AI Tools In China Amid Rising Tensions: Report

While the exact reason behind OpenAI's decision is not known, it coincides with mounting pressure from the U.S. government to curb China's access to advanced AI technology.

Heather Lovier Named COO Of Rocket Companies, Replacing Bill Emerson

Heather Lovier appointed COO of Rocket Companies, replacing Bill Emerson, amid focus on tech innovation and operational strategy.

Joe Biden's Biggest Mistake - Ad

On February 27, 2023, Joe Biden made a decision that could cost the U.S. government $9 trillion dollars...and cut the living standards of American citizens by 25%. How you handle this situation will be one of the most important financial decisions you ever make.

Biden Administration Proposes New Rule To Protect 36M Workers From Heat-Related Injuries

The Biden administration has introduced a new rule to address excessive heat in the workplace, aiming to protect millions of workers from heat-related illnesses.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service