Latest in 5.7 Billion Investment
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David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says
The White House memo revealed that AI and Crypto Czar David Sacks divested over $200 million in digital asset-related investments.CNBC - 1d -
The Rising Cost of Trump’s Chaos
Confusion over trade policy is a drag on the economy as businesses slow hiring and reduce investments. Four entrepreneurs explain exactly how they’re being hit.Inc. - 1d -
How Some Investors Are Protecting Their Money Amid Stock Market Woes
Some people are shifting their investment strategies as the stock market sours on President Trump, despite advice to maintain their savings and wait out the angst.The New York Times - 7h -
How Some Investors Are Protecting Their Money Amid Stock Market Woes
Some people are shifting their investment strategies as the stock market sours on President Trump, despite advice to maintain their savings and wait out the angst.The New York Times - 2h -
House votes to avoid government shutdown by passing temporary spending bill
The House of Representatives has passed a short-term funding bill to avert a government shutdown. The stopgap bill funds the government until Sept. 30. The measure increases defense spending by $6 ...CBS News - 4d -
Federal Grant Program Opens Door to Elon Musk’s Starlink
Under new rules from President Trump’s Commerce Department, a $42 billion high-speed internet effort will no longer favor fiber-optic cable.The New York Times - Mar. 6 -
Paramount says Trump's CBS '60 Minutes' lawsuit seeks to 'punish' network
Paramount on Thursday asked a federal judge in Texas to dismiss the $20-billion lawsuit. The media company separately has agreed to have a mediator look at the case.Los Angeles Times - Mar. 6 -
Figma in Talks With Bankers to Explore an I.P.O. This Year
The design tech company is exploring a public offering after regulators stymied its $20 billion sale to the software giant Adobe in 2023.The New York Times - Mar. 7 -
Claimant: Opioid victims not getting justice in proposed Purdue settlement
Here's why people alleging Purdue Pharma's opioids harmed them may not see much of the proposed $7.4 billion settlement in a bankruptcy case.CBS News - 6d -
Trump’s Tariffs and the Backlash From Canada and Other Countries, Explained
After a fresh wave of tariffs from the United States, Canada and the European Union said they would impose billions in levies on U.S. goods.The New York Times - 3d -
iRobot’s Future in Doubt as Board Explores Options, Including a Potential Sale
A year after Amazon abandoned its plan to purchase iRobot for $1.4 billion, the Roomba-maker warns it may not be able to continue to operate.Inc. - 3d -
Rays not moving forward with new stadium plans
The Tampa Bay Rays will not proceed with the development of a $1.3 billion baseball stadium in St. Petersburg, Florida, principal owner Stuart Sternberg said.ESPN - 2d -
How climate change is threatening the maple syrup industry
Winter turning to spring marks the sweet season for maple syrup production. But climate change is threatening the $1.5 billion industry. David Schechter explains.CBS News - 2d -
Big Tech's big bet on nuclear power
Faced with increasing demand for energy to fuel artificial intelligence, and the need to cut down on carbon emissions, companies like Microsoft, Google and Amazon have announced major investments ...CBS News - Mar. 9 -
Big Tech's big bet on nuclear power to fuel artificial intelligence
Faced with the need to cut carbon emissions, and an increasing energy demand to power AI, companies like Microsoft, Google and Amazon are investing in nuclear, from restarting Three Mile Island, to ...CBS News - Mar. 9 -
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America. Analysts at investment bank Jefferies remain optimistic about the prospects for the ...The Guardian - 5d -
Cracks are emerging in the idea of America's economic exceptionalism
The U.S. economy and equity markets may be underperforming this year due to a surge in policy uncertainty, a decline in consumer sentiments, a delay in business investment, and a gradual weakening ...The Hill - 5d -
Ubisoft Is "Horribly Managed," Investor Says, Report Claims EA And Microsoft Might Buy Franchises
Ubisoft is "horribly mismanaged" and has failed to inform the public about supposed conversations with Microsoft and EA regarding possible acquisition deals. That's according to the Ubisoft ...GameSpot - 4d -
Manchester United to meet Fenerbahce in June to work out a deal for Yusuf Akçiçek
Manchester United are very interested in Fenerbahce defender Yusuf Akçiçek and are expected to make an offer of around £10-15 million for the young centre-back in June.The Red Devils have invested ...Yahoo Sports - 1d -
In the battle for blockchain leadership, American innovation is the answer
China has been investing heavily in blockchain technology, but the U.S. has the capacity to outcompete them and should continue to develop responsible regulations for blockchain to maintain its ...The Hill - 1d -
Brad Biggs: ‘Unlimited money’? No, but Bears have division rivals’ attention with offseason roster rebuild.
CHICAGO — The Chicago Bears aren’t the only NFC North team that invested in the line of scrimmage during a whirlwind start to the NFL’s new year. They’re just the team that has done the most work ...Yahoo Sports - 7h -
Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation
Steve Bannon said the Department of Government Efficiency (DOGE) should adjust their goal of cutting trillions of dollars in federal waste and lower the proposed amount to the billion dollar ...The Hill - Mar. 8 -
Karl Rove: Trump claims of DOGE 'fraud' discoveries will backfire
Republican strategist Karl Rove said President Trump’s claims that the Department of Government Efficiency (DOGE) has discovered “hundreds of billions” in government “fraud” will backfire when ...The Hill - 5d -
Tesla’s stock has lost its ‘Trump bump.’ Here’s the latest bad news.
Tesla’s stock is sinking after another month of bad China sales. Elon Musk has now lost about $7 billion in his stake since the election.MarketWatch - 5d -
SpaceX rocket carrying NASA's newest space telescope launches from California
The $488 million Spherex mission aims to explain how galaxies formed and evolved over billions of years, and how the universe expanded so fast in its first moments.CBS News - 4d -
Trump, Musk fuel fears of Social Security cuts with 'fraud' talk
President Trump and his billionaire adviser Elon Musk are ratcheting up false rhetoric about Social Security, repeatedly claiming the program wastes hundreds of billions of dollars in fraudulent ...The Hill - 4d -
Independent government oversight is dying
The more than 45 years of bipartisan support for independent oversight — oversight that has demonstrably improved government services and saved billions of taxpayer dollars — may be coming to an end.The Hill - 4d -
President Trump defends economic policies as EU announces retaliation against U.S. tariffs
The European Union announced retaliatory measures on about $28 billion in U.S. industrial and agricultural goods in response to President Trump's 25% increase in tariffs on steel and aluminum ...CBS News - 4d -
Canada will level $20B in tariffs in response to Trump moves on steel, aluminum
Canada is expected to impose $20.7 billion in retaliatory tariffs after President Trump decided to enforce a 25 percent tariff on steel and aluminum, which went into effect Wednesday. ...The Hill - 4d -
Trump administration halting $1B affordable housing preservation program: Report
The Department of Housing and Urban Development (HUD) has terminated its $1 billion Green and Resilient Retrofit Program, which funds renovation projects at affordable housing units across the ...The Hill - 3d -
Tips to prevent Social Security overpayments
Social Security overpays its recipients by billions of dollars every year — and then asks for the money back. Here are some ways experts say you can reduce the chances of it happening to you.CBS News - 3d -
Mallinckrodt and Endo plan merger as they look to recover from opioid litigation
The new entity will be listed on the New York Stock Exchange and is expected to generate pro forma revenue of $3.6 billion in 2025 and at least $150 million of annual operating synergies by year ...MarketWatch - 3d -
Trump's trade war escalates with international tit-for-tat
The European Union is hitting back at President Donald Trump’s new levy on all foreign aluminum and steel by announcing retaliatory tariffs on American products worth billions of dollars. President ...NBC News - 3d -
Get out, get back, get real: What inspectors general should learn from DOGE
DOGE, created with a focus on efficiency and waste reduction, has identified $105 billion in taxpayer savings, and IGs should consider reforming their practices to include separate headquarters and ...The Hill - 3d -
Rocket-Redfin deal could make home buying more convenient — and more expensive
One of the biggest mortgage lenders in the U.S. said it would pay $1.75 billion to buy a well-known real-estate brokerage. The deal, once it goes through, could have major consequences for millions ...MarketWatch - 2d -
NBC and IOC sign $3B Olympic media rights deal through 2036 including Salt Lake City Winter Games
The IOC has signed a $3 billion deal with its long-time United States broadcast partner NBC for the 2034 Salt Lake City Olympics and the 2036 Summer GamesABC News - 2d -
Trump’s Tariff Threat Sends French Wine and Champagne Makers Reeling
Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance.The New York Times - 2d -
Orlando has an owner ready to buy Tampa Bay Rays after they back out of St. Pete stadium deal
In the wake of the Tampa Bay Rays announcing Thursday that they are backing out of a proposed $1.3 billion stadium deal in St. Petersburg, the Orlando Dreamers — a group of investors trying to ...Yahoo Sports - 2d -
5 years on, what we learned from the COVID pandemic response
It's been five years since COVID-19 was declared a global pandemic, driving billions of people indoors and killing more than a million people in the U.S. Dr. Jon LaPook examines what lessons we can ...CBS News - 1d -
Senate passes Trump-endorsed fix to avert DC budget cuts
Senators voted Friday to pass legislation to prevent cuts to the District of Columbia's local budget after city officials warned the District faced a $1 billion hit under a stopgap government ...The Hill - 1d