Latest in 10b Profit
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OpenAI funding round could be cut by $10B if for-profit conversion doesn't occur by year-end
OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into a for-profit entity by Dec.NBC News - 4d -
Chelsea report £128.4m profit after selling women’s side to themselves
Club turn last year’s pre-tax loss into pre-tax profit Move scrutinised over rules around fair market value Chelsea appear to have complied with the Premier League’s profitability and ...The Guardian - 4d -
Women's team sale pads £128.4m Chelsea profit
Chelsea recorded a pre-tax profit before taxation of 128.4 million pounds ($165.83 million) for the year ending in June despite a fall in revenue thanks to the repositioning of their women's team, ...ESPN - 3d -
Chelsea report £128m profit after selling women's team
Chelsea report a £128.4m profit in their latest financial results for the year ending June 2024, having sold their women's team to a parent company.BBC News - 4d -
OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
If OpenAI doesn't restructure into an independent for-profit company by Dec. 31, its mega-financing round could be slashed by $10 billion.CNBC - 4d -
Los Angeles turned a profit on its last Olympics, and city near 'fiscal emergency' has no margin for budget miss in 2028
Los Angeles turned a profit on its last Olympics. The 2028 Summer Games may come up short, and leave taxpayers on the hook.CNBC - 4d -
China's telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
Chinese telecoms gear giant Huawei says its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologiesABC News - 4d -
Chelsea find loophole to report pre-tax profit and rival fans will be angry – but it’s all within the rules
Chelsea’s owners have found a loophole and have been able to report a pre-tax profit in their finances this year, which will anger many.But by doing this, they will comply with PSR rules and also ...Yahoo Sports - 3d -
Screen Time: How Gender Diversity Boosts Box Office Profits
A new report indicates that gender-balanced films outearn male-dominated movies.Inc. - 6d -
To Secure $40 Billion, OpenAI Must Complete For-Profit Transition by End-Year
SoftBank can reduce funding to $20 billion if OpenAI fails to fully transition by the deadline.Inc. - 6d -
China’s WeRide warns driverless tech profitability ‘difficult to predict’
Nasdaq-listed autonomous vehicle company says government regulation and local partners are key to ending years of lossesFinancial Times - 5d -
OpenAI secures $300bn valuation after $40bn SoftBank-led funding round
Newest financing comes as ChatGPT maker seeks to become conventional for-profit companyFinancial Times - 4d -
Why Islamic banking is taking off
Pakistan’s Meezan Bank is the country’s most profitable bank. How?Financial Times - 2d -
How has Deliveroo turned a profit? By slashing the pay and dismantling the rights of riders like me | Shaf Hussain
Our work is dangerous and the pay only gets worse, while the CEO has just sold £15m in shares – we deserve better. Shaf Hussain is a Deliveroo rider and chair of the couriers branch of the IWGB ...The Guardian - 4d -
Paris Hilton’s Non-profit Helps Women-Owned Businesses Hit By the Eaton Fire
The reality TV star, who lost a home in the fire, teamed with GoFundMe.org to make grants of up to $25,000 in grants to help women restart their businesses.Inc. - 4d -
Revealed: Trump’s fossil-fuel donors to profit from data-center boom and green rollbacks
Energy Transfer, a top backer of US president, has received requests to power even more energy-guzzling data centers. Oil and gas barons who donated millions of dollars to Donald Trump’s ...The Guardian - 1d -
Monument Valley 3’s summer launch on PC, console benefits flood relief
Monument Valley 3 is moving from its Netflix exclusivity to a PC and console launch this summer, with profits benefiting flood victims.VentureBeat - Mar. 28 -
Hang Seng tech index slides into correction territory after strong rally as tariff worries sour mood
China's technology stocks fell into correction territory after purported profit taking by investors and trade war uncertainties.CNBC - 4d -
Aston Martin to raise more than £125mn amid US tariff threat
Luxury-car maker could face £30mn hit to gross profit due to Donald Trump’s looming 25% levyFinancial Times - 4d -
Eagles GM Howie Roseman explains the C.J. Gardner-Johnson trade to Texans
While the Houston Texans are profiting off landing C.J. Gardner-Johnson, the decision to move him this offseason was challenging for the Eagles.Yahoo Sports - 3d -
US says it will seek death penalty for Mangione in UnitedHealthcare killing
Case involving murder of Brian Thompson has unleashed fraught debates over country’s for-profit healthcareFinancial Times - 3d -
Spotify Sells Itself to Advertisers as an Alternative to ‘Doom Scrolling’
After finally achieving profitability, the streaming platform wants to be a healthy alternative to “doom scrolling.”The New York Times - 2d -
How Climate-Resilient Chickens Could Help Fight Poverty
An initiative in Zambia is showing that a profit-seeking company can help rural farmers battling extreme weather breed chickens that lay more eggs.The New York Times - 6d -
Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers
The debate over how Norway's wealth fund should respond to the security landscape comes at a time of higher defense spending and soaring industry profits.CNBC - 2d -
US banks predict climate goals will fail – but air conditioning firms will thrive
Reports predict global heating will bring catastrophes and that air conditioning market could grow by 41%. The world is on track for disastrous global heating – but this will create profits for ...The Guardian - 2d -
Paris 2024 Olympic torches and Dionysus crown from Seine opening ceremony up for auction
Profits from the sale will go to charity groups, organizers said. One of the torches was carried by one of the mysterious masked torchbearers moving across the rooftops of Paris during the ...Yahoo Sports - 2d -
Women Created Half of New Businesses Registered in 2024, a Milestone
Payroll company Gusto’s annual report found women launched 49 percent of all new companies in 2024, with minority entrepreneurship and first-year profitability levels also on the rise.Inc. - 1d -
Meet the 23-Year-Old Student Who Raised $25 Million in Democratic Losses
A law student in Florida has a lucrative side gig: fund-raising consultant. His firm earns a 25 percent cut of “profit” from donations, and critics have begun to pile up after two special elections.The New York Times - 12h -
Sources: PGA Tour rejects PIF's recent $1.5B offer
The PGA Tour has rejected PIF's most recent offer to invest $1.5 billion into PGA Tour Enterprises, the tour's for-profit entity, which came with the caveat that the rival LIV Golf League would ...ESPN - 6h
