Public Investment Fund

OpenAI is reportedly seeking to raise $40 billion in funding, with major investments from Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries and the existing shareholder UAE's MGX. What Happened: Each investor could contribute at least several hundred million dollars, reported...

Lucid Group Inc (NASDAQ:LCID) shares are trading lower in Wednesday’s after-hours session after the company announced an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF). What Happened: Lucid said it commenced a public offering of 262,446,931 shares...

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

Electric vehicle Lucid Group (NASDAQ:LCID) gets praise from analysts for its updated financing, vehicle launch timeline and superior technology after reporting second-quarter financial results. The Lucid Analysts: Needham analyst Chris Pierce reiterated a Hold rating and has no price target on the...

Electric vehicle company Lucid Group (NASDAQ:LCID) reported second-quarter financial results after the market close Monday. Here are the key highlights. What Happened: Lucid Group reported second-quarter revenue of $200.6 million, beating a Street consensus estimate of $192.06 million, according to...

Lucid Group Inc (NASDAQ:LCID) majority owner— Saudi Arabia's Public Investment Fund — has announced a multi-year partnership with Formula E. What Happened: Prince Mohammed bin Salman chaired PIF has entered into a multi-year partnership with Formula E, Extreme E and E1, the sovereign wealth fund...

Electric vehicle shares fell across the board this week, as the Federal Reserve hinted that its rate-tightening cycle hasn’t ended. Market leader Tesla, Inc. (NASDAQ:TSLA) also reacted to analysts’ rerating of earnings estimates and factored in an anticipated third-quarter deliveries...

Jared Kushner may retain the controversial Saudi investment in his private equity firm, even if his father-in-law, Donald Trump, is reelected as U.S. president. What Happened: In an interview with Fox News aired on Wednesday, Saudi Crown Prince Mohammed bin Salman...

A new joint commercial venture between the world's three largest golf tournaments is raising questions for antitrust regulators across the U.S. and Europe. The merger, by which U.S.-based PGA Tour and its European counterpart, DP World Tour will unify operations with recently emerged underdog LIV...

Lucid Group Inc (NASDAQ: LCID) shares are moving lower Thursday after the company announced the pricing of a public offering and private placement. What Happened: Lucid commenced a public offering of approximately 173.54 million shares for proceeds...

Lucid Group Inc (NASDAQ: LCID) shares are trading lower in Wednesday's after-hours session after the EV company announced a public offering and private placement. What Happened: Lucid commenced a public offering of 173,544,948 shares of its common stock. In addition to the offering,...

A controversial tweet by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is now the subject of a lawsuit. The tweet could have also been a starting point for investors with the potential take-private transaction or the belief that shares were undervalued at the current level at the time. What Happened: In...

A trial over a controversial tweet by Elon Musk in 2018 was making headlines this week. Musk shared more details on why he shared the tweet and why it was important to take electric vehicle company Tesla Inc (NASDAQ: TSLA) private. What Happened: In 2018, Elon Musk tweeted he was taking Tesla...

World Wrestling Entertainment, Inc (NYSE: WWE) has reportedly been sold to Saudi Arabia Public Investment Fund. What Happened: The purchase means that the WWE will no longer be a publicly traded company, reported Fox News. The development takes hours after the company said that Stephanie McMahon...

The Saudi Arabian sovereign wealth fund has purchased $7 billion worth of shares in U.S. tech companies including Amazon.com Inc (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG), Meta Platforms Inc (NASDAQ: META), PayPal Holdings Inc (NASDAQ: PYPL) and Electronic Arts Inc (NASDAQ: EA) as well as...