Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Trump Expects Musk to Find Billions in Pentagon Waste Next

The Pentagon’s budget is roughly $1 trillion per year.

Inc. - Feb. 10

Elon Musk-led investor group offers $97.4 billion for control of OpenAI

Billionaire Elon Musk is leading a group of investors in a $97.4 billion bid to take control of artificial intelligence pioneer OpenAI.

CBS News - Feb. 10

Elon Musk and investors offering $97.4 billion for control of OpenAI, WSJ reports

Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, The Wall Street Journal reported on Monday.

NBC News - Feb. 10

Musk-led investor group offers $97.4 billion for OpenAI — Altman declines

According to The Wall Street Journal, Elon Musk and a group of investors are offering $97.4 billion to take control of OpenAI.

CNBC - Feb. 10

Elon Musk Leads $97.4 Billion Bid to Control OpenAI

The billionaire is leading a group of investors in the unsolicited offer, which complicates the start-up’s plan to raise more money.

The New York Times - Feb. 11

Judge Rules That Trump Administration Defied Order to Unfreeze Billions in Federal Grants

The federal judge in Rhode Island said the Trump administration had failed to comply with his order unfreezing billions of dollars in federal grants.

The New York Times - Feb. 11

Elon Musk Just Hurled a $97.4 Billion Curveball at OpenAI

The unsolicited bid raises the stakes for Sam Altman to turn the company into a for-profit.

Inc. - Feb. 11

China’s ‘Ne Zha 2’ Shatters Box Office Records With $1.2 Billion

The runaway success of “Ne Zha 2” is another sign that Chinese audiences are choosing domestic movies over Hollywood blockbusters.

The New York Times - Feb. 11

Anduril to take over Microsoft's $22 billion U.S. Army headset program

Anduril Industries will take control of Microsoft's multibillion-dollar augmented reality headset program for the U.S. Army.

CNBC - Feb. 11

California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires

The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying a home insurance crisis.

The New York Times - Feb. 12

How Elon Musk $97.4 billion bid complicates matters for OpenAI

OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman’s push to transform the maker of ChatGPT into a for-profit ...

ABC News - Feb. 11

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round

Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company.

NBC News - Feb. 12

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round

Olipop's annual sales surpassed $400 million in 2024 as competition heats up with rivals such as Poppi.

CNBC - Feb. 12

Chevron wants to save about $3 billion. Layoffs are on the horizon.

The integrated energy company said that layoffs will affect 15% to 20% of its employees, starting this year and with most layoffs completed before the end of 2026.

MarketWatch - Feb. 13

Fox host: Musk needs to be transparent about 'billions' in government contract

Fox News host Jessica Tarlov knocked billionaire Elon Musk over what she said is a lack of transparency he is displaying amid efforts to make widespread changes to the size of the federal ...

The Hill - Feb. 13

Musk Says He’ll Withdraw $97.4 Billion Bid for OpenAI on 1 Condition

Elon Musk and Sam Altman, OpenAI’s CEO, have a long-running feud.

Inc. - Feb. 13

TikTok returns to Apple and Google app stores. Why that’s an $850 billion risk.

TikTok was restored to app stores run by Apple Inc. and Alphabet Inc. on Thursday, after the tech giants were reportedly reassured by the Trump administration that they would not face legal ...

MarketWatch - 6d

OpenAI tells Musk it is 'not for sale' after tech titan's $97 billion bid

ChatGPT-maker OpenAI has rejected a hostile takeover bid from Elon Musk.

NBC News - 5d

OpenAI rejects Elon Musk's $97.4 billion takeover bid

OpenAI attorney William Savitt said the proposal "is not in the best interests of OAI's mission and is rejected."

CBS News - 5d

OpenAI Rejects Elon Musk’s $97.4 Billion Bid for Control of the Company

Bret Taylor, the chairman of OpenAI’s board, said the artificial intelligence company was “not for sale.” Mr. Musk is separately raising money for his A.I. start-up, xAI.

The New York Times - 5d

OpenAI Board Rejects $97.4 Billion Offer From Elon Musk

This is Musk’s plan to stop the startup from becoming a for-profit firm.

Inc. - 5d

The $50 billion failure: How federal homeless policy betrays Americans

Elon Musk's Department of Government Efficiency (DOGE) should focus on exposing the waste in the federal homelessness-industrial complex and redirecting billions to policies that deliver results, ...

The Hill - 3d

NIH Research Grants Lag Behind Last Year’s by $1 Billion

After weeks of disruption to scientific federal grants, the National Institutes of Health has fallen behind in funding research into treatments for deadly diseases.

The New York Times - 2d

DOGE Claimed It Saved $8 Billion in One Contract. It Was Actually $8 Million.

The biggest single line item on the website of Elon Musk’s cost-cutting team appears to include an error.

The New York Times - 1d

Nikola EV maker, once valued at $30 billion, files for bankruptcy

Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.

CBS News - 1d

Denmark to spend billions on defence, citing fears over Russian rearmament

Mette Frederiksen says situation is ‘most dangerous’ in many years as she increases defence budget to 3% of GDP. Mette Frederiksen admitted that Denmark and other countries made a mistake by ...

The Guardian - 1d

Got waste? Let's eliminate billions in corporate farm subsidies.

Brooke Rollins, the new secretary of Agriculture, has pledged to reform the department and create effective and efficient nutrition programs. She can tackle inefficient subsidies and food waste, ...

The Hill - 1d

DOGE claims $55 billion in cuts so far -- but the figure is hard to verify

DOGE claims that so far its cuts have saved the public $55 billion in federal funds -- but that's not yet possible to verify based on the records that DOGE has disclosed.

ABC News - 22h

UK energy network owners made billions in excess returns, says watchdog

Citizen’s Advice says ‘policy failure’ by regulator means companies secured a windfall of almost £4bn

Financial Times - 20h

Trump’s talking about auditing Fort Knox. It might be a $750 billion maneuver.

Talking to reporters on Air Force One, President Trump on Wednesday night mentioned going to Fort Knox. Repeatedly.

MarketWatch - 7h

Strategy raises another $2 billion with proceeds earmarked for bitcoin purchases

The crypto play formerly known as MicroStrategy is offering zero-coupon convertible bonds in its latest move to boost its bitcoin holdings.

MarketWatch - 6h

Schwab is buying back a chunk of its stock as TD sells its 10% stake

Even after buying the $1.5 billion in stock, Schwab will still have $7.2 billion remaining under its existing stock-buyback program.

MarketWatch - Feb. 10

Ye's website is selling swastika shirts after boosting its profile with Super Bowl ad

The website of rapper Ye, formerly known as Kanye West, used a Super Bowl commercial to send people to his website which is selling T-shirts emblazoned with a swastika.

NBC News - Feb. 10

Eight years after selling AppDynamics to Cisco, Jyoti Bansal is pursuing an unusual merger

Jyoti Bansal, who sold AppDynamics to Cisco for $3.7 billion, is pulling together his two newest startups into one company.

CNBC - Feb. 10

Ye selling T-shirts bearing swastika after placing local Super Bowl ad

Ye, the artist formerly known as Kanye West, used a local TV ad in Los Angeles to direct people to his website, where he is selling T-shirts emblazoned with swastikas.

CBS News - Feb. 10

Ye website selling swastika shirts pulled down for violating terms, Shopify says

The website run by Ye, the rapper formerly known as Kanye West, is offline after selling swastika shirts. Shopify, the ecommerce platform, said the site violated its terms of service.

NBC News - Feb. 11

Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect

Coca-Cola can also find domestic aluminum sources and increase the price for customers, CEO James Quincey said.

CNBC - Feb. 11

Shopify takes down Ye website selling swastika shirts after Super Bowl ad

The rapper ran a Super Bowl ad directing viewers to visit Yeezy.com, where it promoted a $20 black t-shirt with a swastika.

CNBC - Feb. 11

Shopify shutters Kanye West's Yeezy: Website selling swastika shirt 'violated our terms'

Shopify shuts down Ye's post-Super Bowl efforts to sell swastika T-shirts on his website, saying the rapper once known as Kanye West 'violated our terms.'

Los Angeles Times - Feb. 11

Warren Buffett's Berkshire buys more Occidental after 30% sell-off from record high

The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.

CNBC - Feb. 12

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

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