Saudi Arabia PIF invested billions in Boeing, Disney, Facebook stocks - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Saudi Arabia plowed billions into US stocks including Boeing, Disney, and Facebook last quarter

Andrew Francis Wallace/Toronto Star via Getty Images

The $300 billion Public Investment Fund revealed stakes valued at over $500 million in Boeing, Cisco, Disney, Facebook, and other US companies. The kingdom's Public Investment Fund grew its US stock portfolio from about $2.2 billion at the end of December to $9.8 billion at the end of March, The $300 billion fund, which aims to diversify Saudi Arabia's economy away from oil, likely capitalized on the coronavirus sell-off to purchase the stocks at bargain prices. However, its aggressive spending is surprising as depressed oil prices have hammered the kingdom's finances in recent months.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Facebook is a dying business if not for Instagram and WhatsApp it would have been dead no problem soon it will be dead even the Boeing is a sinking plane lol

F

Of course they did, Trump and Jared's verrrrry close pals swooping in as everyone expected and that won't be the only thing they scammed their way into. Could say THEY own a fair chunk of America...which means...🤔

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market crash: Next big drawdown coming in 2020, how to invest - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Florida Disney World starts reopening with Disney Springs stores - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hot Dog Hot Dog Hot Diggity Dog!! That little girl isn't social distancing from Mickey. Lock her up. That will come back to bite them in the ass. What a stupid decision not from Disney (they just want money) but from the Florida Government.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Investing in rental properties: tips from a real estate investor - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The billionaires and multiMillionaires who never give a penny or a cent to the fight against COVIDー19 must be named & shamed once the pandemic finally subsides! They get away with paying No tax but they mustn't get away with hiding & hoarding their money during Coronavirus Guillotine time. Make RentControl great again If you can 'retire' young using 'passive' income then your business model is likely hurting someone somewhere & you're not really a contributing member of society grifters PriceGouging TakingAdvantage EndRealEstateInvesting AffordableHousing
Source: BusinessInsider - 🏆 729. / 51 Read more »

Boeing 737 Max private jet interior concept looks like spaceship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Where is Boeing at with the redesign of the 737 Max? Can’t wait to pick up my stimulus check in this bad boy Looks like a night club.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why US is headed for stock market crash, economic depression: David Tice - Business Insider'We have a depression on our hands': The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over — and warns 'a lot more pain' is still to come Just another guess at the future. Next. Can’t read the whole article but was able to notice the name: David Tice 🤣🤣🤣 His old bear fund used to lose money during bear markets. How much trust should you put in this so called CIO? Click bait and waste of time.
Source: BusinessInsider - 🏆 729. / 51 Read more »