fromTNW | Finance
1 week agoBusiness
Norway's $2.2 trillion sovereign wealth fund posts a 1.9% loss in Q1
The world's largest sovereign wealth fund lost NOK636 billion in Q1 2026 due to declines in US technology stocks.
Two years ago, a $575 million battery factory planned in St. Louis, Missouri, was set to be the first large-scale lithium iron phosphate (LFP) facility in the U.S. This November, after the Trump administration withdrew a grant for the project, it was cancelled -becoming one of more than 50 major clean energy projects to be scrapped or scaled back in 2025.