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FirstFT: Nvidia to spend billions in US as it shifts chip supply chain from Asia
Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with MagaFinancial Times - 22h -
Celtics to reportedly be sold to private equity firm co-founder Bill Chisholm for record $6.1 billion
The Celtics reportedly found their next owner.Yahoo Sports - 20h -
Boston Celtics being sold to Bill Chisholm for North American record $6.1 billion
Chisholm is a tech investor who is the managing partner of Symphony Technology Group in San Francisco.Yahoo Sports - 18h -
Boston Celtics sold to Mass. native, technology group co-founder for record-breaking $6.1 billion
The Boston Celtics have been sold to a Massachusetts native and New England graduate, according to a report by the Boston Globe.Yahoo Sports - 16h -
The blogger who was right about Nvidia is now panning a $25 billion AI company
Jeffrey Emanuel, known for turning Wall Street’s attention to the risk DeepSeek might pose to Nvidia, warns that CoreWeave’s IPO is way overvalued.MarketWatch - 16h -
European leaders push for even more defense spending — despite plans for $867 billion 'ReArm' package
"I think this is only the start," Lithuanian President Gitanas Nausėda told CNBC's Silvia Amaro on the EU's plans to boost defense spending.CNBC - 18h -
Boston Celtics sale: NBA franchise agrees to sell for record-breaking $6.1 billion to Bill Chisholm
Massachusetts native Chisholm is the managing partner and co-founder of Symphony Technology Group, based out of CaliforniaCBS Sports - 13h -
Glacier meltdown risks food and water supply of 2 billion people, says UN
Unesco report highlights ‘unprecedented’ glacier loss driven by climate crisis, threatening ecosystems, agriculture and water sources. Retreating glaciers threaten the food and water supply of 2 ...The Guardian - 11h -
Abu Dhabi's ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers
The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.CNBC - 49m -
Prison labor, an invisible workforce of the U.S. economy
Incarcerated workers produce $2 billion in goods and $9 billion in services every year. But not all of the incarcerated are paid for their labor, which can benefit people inside and outside a ...CBS News - Mar. 9 -
Alibaba’s new open source model QwQ-32B matches DeepSeek-R1 with way smaller compute requirements
While DeepSeek-R1 operates with 671 billion parameters, QwQ-32B achieves comparable performance with a much smaller footprint.VentureBeat - Mar. 5 -
Female founders in the U.S. VC ecosystem: the good and the bad | Pitchbook (updated)
Women founders and investors raised $38.8 billion in funding in the U.S. in 2024, up 27% from the year before, according to PitchBook.VentureBeat - Mar. 6 -
Trump Signs Order to Create a ‘Crypto Reserve’
The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.The New York Times - Mar. 9 -
Potential $7.4B Purdue Pharma opioid settlement frustrates some victims
Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.CBS News - Mar. 9 -
Cuts to Medicare, Medicaid Would Be ‘Catastrophic for Women’s Health,’ Says Chelsea Clinton
Republicans want to slash $880 billion from the agency overseeing Medicaid. There’s no way to do so without touching benefits.Inc. - Mar. 10 -
Social Security to increase overpayment withholdings to 100% from 10%
The clawback reversal would apply to new overpayments and will save $7 billion over 10 years.MarketWatch - Mar. 10 -
UN to rent Bangladesh property owned by former regime associate
Sobhan family under scrutiny amid efforts to claw back billions of dollars allegedly lost under Sheikh Hasina’s ruleFinancial Times - Mar. 11 -
Junior Bridgeman, NBA player-turned-billionaire businessman and Bucks minority owner, dies at 71
Bridgeman played more than a decade in the NBA before amassing a reported $1.4 billion in wealthCBS Sports - Mar. 12 -
Monopoly Go maker Scopely to acquire Niantic’s games business for $3.5B
Scopely has agreed to acquire Niantic's games business, which includes Pokémon Go, in a deal valued at $3.5 billion.VentureBeat - Mar. 12 -
Comcast expands partnership with Olympics, extends media rights through 2036
Comcast gained the rights to broadcast the Olympic Games through 2036 as part of a new $3 billion agreement with the International Olympic Committee.CNBC - Mar. 13 -
Taxpayers will suffer if Thames Water collapses, warns regulator
Ofwat says placing Thames under government control could end up costing taxpayers billions of pounds.BBC News - Mar. 13 -
NBC to broadcast Olympics in the U.S. through 2036
Comcast NBCUniversal signs deal with IOC for U.S. broadcast rights worth $3 billion.Yahoo Sports - Mar. 13 -
Trump and DOGE Create Anxiety but Opportunity for Federal Contractors
By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through government contracts.The New York Times - 6d -
Microsoft says ID@Xbox has paid $5B to date to indie game devs
Microsoft said that ID@Xbox indie gaming label has paid out $5 billion to date to independent game developers.VentureBeat - 2d -
Reeves to squeeze public spending further in Spring Statement
Billions of pounds of savings sought from Whitehall budgets to fill a hole in the public financesFinancial Times - 2d -
Why sportsbooks like FanDuel and DraftKings really need March Madness bettors to lose this year
March Madness numbers to know include $3.1 billion in wagers and nearly $5 million in earnings for one player.MarketWatch - 14h -
A Personal Finance Reporter Ponders His Own Climate Change Risk
A Times reporter co-wrote a guide to buying a home in an era of record heat, floods and billion-dollar disasters.The New York Times - 14h -
Hugging Face co-founder Thomas Wolf just challenged Anthropic CEO’s vision for AI’s future — and the $130 billion industry is taking notice
Hugging Face co-founder Thomas Wolf challenges Anthropic CEO Dario Amodei's "compressed 21st century" vision, arguing AI systems are building "yes-men on servers" rather than the revolutionary ...VentureBeat - Mar. 6 -
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 - Mar. 11 -
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 - Mar. 9 -
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 - Mar. 12 -
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. - Mar. 12 -
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 - Mar. 13 -
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 - Mar. 13 -
Visa’s AI edge: How RAG-as-a-service and deep learning are strengthening security and speeding up data retrieval
Visa has reduced data retrieval from hours to mere minutes and blocked $40 billion in fraud thanks to gen AI tools.VentureBeat - 3d -
Lee Shau-Kee, Hong Kong Real Estate Tycoon, Dies at 97
Sometimes called the Warren Buffett of Hong Kong, he made his billions by initially building apartments for middle-class descendants of mainland refugees.The New York Times - 3d -
E.U. Hatches a Plan to Lure Investors Back to Europe
Each year, Europeans invest roughly $325 billion in companies and financial assets outside the region. Officials in Brussels say they have a plan to end that “capital flight.”The New York Times - 2d
