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What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
At the Time 100 Gala, Dua Lipa, Patrick Mahomes and More on the Red Carpet
Dua Lipa and Patrick Mahomes are red carpet stars at an event that brought together Oscar winners and thought leaders.The New York Times - Lifestyle -
CPAP Lawsuits Settled for $1.1 Billion
Thousands of people with sleep apnea and other illnesses had sued the company, claiming flawed devices were harming them.The New York Times - Health -
It's another all-Taylor Swift edition of the Hot 100 chart this week
Swift repeated — and bested — her own 2022 feat by claiming the 14 top slots on the singles' chart.Los Angeles Times - Entertainment -
New Calamos ETF promises ‘100% downside protection.’ Here's how it works
“There’s no tricks. There’s no magic. This is the secret sauce,” Calamos Investments’ Matt Kaufman said.CNBC - Business -
NYPD clears occupied hall at Columbia and arrests nearly 100
The elite university had begun suspending students who failed to leave their pro-Palestinian encampment by the university’s 2 p.m. deadline.NBC News - Top stories -
100 Pilot Whales Are Rescued After Mass Stranding in Australia
Of the 160 whales stranded near the town of Dunsborough on Thursday morning, more than 100 were returned to the ocean. Twenty-nine others, however, died on the beach.The New York Times - Science - Australia -
Number of writers jailed in China exceeds 100 for first time, says report
Freedom to Write index says there are 107 people in prison for published content in China, with many accused of ‘picking quarrels’. The number of writers jailed in China has surpassed 100, with nearly half imprisoned for online expression.. The ...The Guardian - World - China -
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A new ETF touts 100% downside protection. Here is how it works.
An ETF that launched on Monday promises investors 100% downside protection if they hold on to the fund, which is intended to track the S&P 500, for a full year.MarketWatch - Business -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Schemes targeting seniors account for $3.4 billion in reported losses, FBI says
Reports of elder fraud crimes increased by 14% in 2023, according to a new federal report.CBS News - Politics -
Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the countryABC News - Tech - Microsoft -
Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.The New York Times - Tech -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Donald Trump is $1.8 billion richer after getting DJT stock bonus
Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.CBS News - Top stories - Donald Trump -
Micron Gets $6.1 Billion to Build Three New Facilities
The government grant will fuel up to $125 billion in investment by Micron in New York and Idaho over the next 20 years, U.S. officials said.The Wall Street Journal - Tech -
Truth Social Grants Donald Trump a New $1.8 Billion Stock Bonus
Trump Media & Technology Group, the parent company of the Truth Social network, said in a securities filing that it had issued 36 million new shares and given them to the former president.The Wall Street Journal - World - Donald Trump -
BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
The new platform will be called BlackRock Riyadh Investment Management, or BRIM.CNBC - Business -
Biden Cancels $6.1 Billion in Debt for Former Art Institute Students
The announcement covers 317,000 former students and marks another step in the administration’s student loan relief efforts.The New York Times - Business - Joe Biden -
Biden is forgiving $6.1 billion in student debt for 317,000 people
The Biden administration said it's erasing debt for people who attended the for-profit Art Institutes, which shut down in September.CBS News - Politics - Joe Biden -
Biden is forgiving $6.1 billion in student debt for 317,000 people
The Biden administration said it's erasing debt for people who attended the for-profit Art Institutes, which shut down in September.CBS News - Top stories - Joe Biden -
Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation
CoreWeave intends to set up more of its clouds full of graphics processing units in more places around the world as it goes up against Amazon and Google.CNBC - Business -
Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer
The offer is the company’s third attempt to resolve tens of thousands of claims that its baby powder caused ovarian cancer and mesothelioma.The New York Times - Business -
Viking shares rise 8% after cruise line operator's market debut
The company's initial public offering coincides with a strong rebound in cruise bookings.CNBC - Business -
AI StartupCoreWeaveNearly Triples Valuation to $19 Billion in Five Months
Nvidia-backed company raises $1.1 billion from investors including Fidelity, Magnetar Capital.The Wall Street Journal - Tech - Artificial Intelligence