Saudi Arabia’s Megaprojects Are Draining Its Cash Reserves
Podcast:WSJ What’s News Published On: Wed Feb 21 2024 Description: A.M. Edition for Feb. 21. To pay for flashy spending plans, Saudi Arabia is turning to borrowing and planning a major sale of Aramco stock. WSJ reporter Chelsey Dulaney breaks down the long term tradeoffs that could accompany those moves. Plus, American food spending hits highs not seen in more than three decades. And legendary tech investor Cathie Wood joins others in capturing profits from chipmaker Nvidia. Hear more from her on WSJ Special Access on Spotify or Apple Podcasts. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices