A show which will cover the most talked about business stories for the week, from all across the world as it shows you how the money rounds up
Money Round Up
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36 episodes
Updated Weekly
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Podcast Overview
A show which will cover the most talked about business stories for the week, from all across the world as it shows you how the money rounds up
Language
🇺🇲
Publishing Since
8/3/2023
1 verified contact email on file for Money Round Up
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Recent Episodes
April 20, 2024
Neom Seeks Funds to Build Futuristic City in Saudi Arabia
<p>Saudi Arabia’s Neom is planning a debut riyal bond sale as it searches for cash to fund its $1.5 Trillion Futuristic City, Micron is all set to receive more than US$6 Billion Dollars as it helps to build chip making factories in the United States and Fed Chair Jerome Powell has signaled interest rates will be higher for longer due to persistent inflation, how has this affected the US Stocks and Treasuries market?</p> <p>Saudi Arabia Neom is currently planning a riyal bond sale for later this year. The project is seeking about 1.5 Trillion Dollars to finish purchasing construction materials to build the first of its kind futuristic city. The majority of the equity funding coming so far has been from Saudi Arabia Sovereign wealth fund, led by Crown Prince Mohammad bin Salman. There has also been additional funding that has been sought after by Neom. There were plans for Neom’s to have a flagship project, The Line, which was to be a zero carbon city with “vertically layered” buildings were scaled back. The original length of The Line was to be 105 miles but is now expected to reach only a mile and a half by 2030. Sindalah, Neom’s first luxury resort, will span across 840,000 squared metres and will offer a marina, golf course, beach club and yacht club. The Line will be a vertically layered city with buildings for work, living and leisure while Oxagon on the other hand will be an octagonal floating port city. Neom will also be bringing an exclusive beach club to Sindalah. This partnership with Saudi Arabian music entertainment company MDLBeast was recently signed. </p> <p>As the AI technology continues its boom and dominance throughout 2024 other sectors have continued to benefit due to the new increase in demand. One such sector is the semiconductors industry which sees the likes of TSMC based in Taiwan and ASML based in the Netherlands. A new company set to enter the AI chip making space and it is in the United States, Micron. Micron began in 1978 as a four person semiconductor company and quickly grew into the Fortune 500 list for fastest growing companies by 1994. The Biden Administration has provided a grant to Micron up to US$6.1 Billion Dollars to assist with setting up semiconductor plants in New York and Idaho. The company announced plans to construct a US$15 Billion Dollar plant in Boise, Idaho, where it is currently based. A month later they announced plans to expand into a complex near Syracuse, New York, with a pledge of US$20 Billion Dollars to start at the end of the decade and as much as US$100 Billion Dollars over the next 2 decades or more. This complex could house up to four new manufacturing plants. The passing of the law was to ensure that America was not so heavily dependent on international counterparties for manufacturing of chips as stated by Mr. Schumer. He was advocate for getting the Chips Act passed. As technology improves and human beings get more dependent on devices, United States wants to have control over where the most dependent and sought after technology comes from. Hence the goal to be a large manufacturer in the semiconductor space again. </p> <p>US Fed Chair Jerome Powell has hinted that interest rates may remain higher for longer as inflation is still not where they want it to be. The United Health Group’s carried the majority of the burden to the Dow Jones success as earnings increased much more than expected. Revenues grew by nearly US$8 Billion dollars from its previous year closing the quarter at about US$99 Billion Dollars. The stock price increased by 5.3% over it’s previous day to US$501 as at April 19, 2024.</p>
April 11, 2024
McDonalds Buys Back 225 Franchises from Their Israeli Counterpart
<p>Coming up on today’s episode McDonalds buys back 225 stores from their Israeli counterpart, Gucci spends $1.3 Billion Euros on a new office in Europe and the US Economy is trending upwards again back over the 3.2% in February 2024 carrying them back up to levels last seen in 2023.</p>
April 7, 2024
BlackRock Seeks to Invest in the Kenyan Stock Market
<p>On today’s show BlackRock seeks to invest in the Kenyan Stock Market. Boeing CEO resigns after a crisis with the risk of the safety of the airplanes escalating and also Taiwan chipmakers return to work after that massive earthquake experienced earlier in the month.</p> <p>BlackRock, the world’s largest asset management company has decided that they will be moving some allocations from their portfolio into the Nairobi Securities Exchange. The Nairobi Securities Exchange was considered the worst performing exchange in 2023, but things have turned around for them within the first quarter of 2024. Along with that, there was also a change in policy surrounding the economic conditions in Kenya that was made by President William Ruto’s administration. Kenya is currently trying to be more attractive to foreign investors through controlled borrowing and severe measures imposed. Kenya is seen as a powerhouse across the East African region, being the main choice for international events, organizations and home to some of the most profitable companies across Africa. Blackrock has about $9 trillion dollars in managed funds and Kenya was one of 10 countries selected as a means to diversify from the US and other main traditionally targeted markets. So the news would be much welcomed to the Kenyan economy and along with it would bring new interest, and restored confidence with the government and the economy as a whole.</p> <p>Boeing CEO, Dave Calhoun will step down from the company at the end of 2024 after a disastrous release to the 737 max 9 aircrafts. Boeing has had a troubled few years being responsible for majority of airline passengers safety being put at risk and also loss of lives. Things took a tumultuous turn when Alaska Airlines had to ground a flight shortly after take off due to a loud explosion heard in January 204. Since then the pressure has really been on the aircraft manufacturer who has now lost trust by both regulators and consumers alike. Boeing is currently trying their very best to fix safety and quality problems after their most recent incident back in January 2024. The airplane manufacturer is currently in talks to purchase Spirit Aerospace as it tries to get more control over their supply chain. </p> <p>Taiwan has experienced their largest earthquake for the first time in 25 years. The city of Hualein had reported a 7.4 magnitude earthquake killing at least 9 persons and injuring over 900 more. Workers in Taiwan Semiconductor Manufacturing Company (TSMC) have all resumed work. When the earthquake struck, a few offices actually evacuated and others were closed for the day. Inspections were done within the buildings and the workers were then granted permission to resume working.</p> <p>Want to get in touch with us? </p> <p>Send us an email at:</p> <p>moneyroundup876@gmail.com </p>
36 total episodes available
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This podcast updates weekly.
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