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Banks Sell $4.7 Billion of X’s Debt, in a Sign of Investor Demand
The social media company is attracting investor interest because of Elon Musk’s close ties to President Trump and a recent jump in revenue.The New York Times - 6d -
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 - 2d -
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 - 23h -
DOGE team's "wall of receipts" shows errors in tallying billions in savings
The initial accounting by DOGE of its estimated savings was overstated by billions of dollars, a review by CBS News found.CBS News - 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 - 21h -
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 £4bnFinancial Times - 19h -
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 - 6h -
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 - 5h -
LinkedIn Made $2 Billion in Subscriptions Last Year. How’s Hiring Going for You?
Something smells fishy.Inc. - Feb. 7 -
Bill Ackman reveals he's been building a more than $2 billion stake in Uber
The hedge fund manager said his fund began buying Uber shares in early January and has amassed 30.3 million shares, worth $2.3 billion.CNBC - Feb. 7 -
A.I. Military Start-Up Anduril Close to Deal That Would Value It at $28 Billion
The Southern California start-up, which builds flying drones and missiles, is set to raise up to $2.5 billion.The New York Times - Feb. 8 -
This HR Company Valued at $12 Billion Just Announced Plans to IPO. Here’s Why Other Companies Are Watching Closely
Human Resources startup Deel recently hit an annual revenue run rate of $800 million.Inc. - Feb. 8 -
Looming $2.7 billion Pell Grant shortfall poses a new threat for college aid
The Congressional Budget Office last month released Pell Grant program projections, which now estimate a $2.7 billion funding shortfall later this year.CNBC - Feb. 8 -
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.CNBC - Feb. 8 -
Taylor Swift has made the NFL almost $1 billion since she started dating Travis Kelce
Going into the Super Bowl, the “Taylor Swift effect” on the NFL looks even stronger than it did at this time last year. Here’s why.MarketWatch - Feb. 9 -
France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S.
Macron announced the mammoth investment sum ahead of France's AI Action Summit, where world leaders and tech bosses are gathering in Paris this week.CNBC - Feb. 10 -
Collins, Britt raise concerns about NIH move to slash billions in research costs
Two Republican senators, including a reliable ally of President Trump, have raised concerns about the National Institutes of Health's (NIH) decision to cut billions of dollars of “indirect” costs ...The Hill - Feb. 10 -
Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, WSJ Reports
In response to the news, OpenAI CEO Sam Altman wrote: ‘no thank you but we will buy twitter for $9.74 billion if you want’.Inc. - Feb. 10 -
EU says AI race 'far from over' as bloc pledges 50-billion-euro investment boost
European Commission President Ursula von der Leyen said Tuesday that the race for AI leadership had not yet been won by China or the U.S.CNBC - Feb. 11 -
Travelers expects $1.7 billion insured loss from the California wildfires. Analysts still expect a profit.
Travelers’ CFO said the outbreak of wildfires were “a big event” for the insurance industry.MarketWatch - Feb. 11 -
As Musk cuts federal spending, his own firms have received billions in contracts
As Elon Musk has led an effort to slash government spending, his own companies have, over the last few years, received billions of dollars in government contracts.ABC News - Feb. 11 -
Sam Altman says Musk aims to 'slow down a competitor' with his $97.4 billion bid for OpenAI
Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion. OpenAI CEO Altman said Musk is aiming to "slow down a competitor."CNBC - Feb. 11 -
Super Micro 'confident' it will meet SEC deadline and reach $40 billion next fiscal year
Super Micro expressed confidence it will meet a key SEC deadline this month and hit $40 billion in revenue in fiscal 2026.CNBC - Feb. 11 -
SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.CNBC - Feb. 12 -
How the federal government spent billions rebuilding New Orleans after Hurricane Katrina
The U.S. has spent billions rebuilding New Orleans in the aftermath of Hurricane Katrina. Some of the interventions have, at times, had unintended consequences.CNBC - Feb. 12 -
Can Super Micro really do $40 billion in revenue next year? Some analysts are skeptical.
Super Micro’s stock is surging following a robust revenue outlook for next fiscal year. But analysts worry about stiffer competition in the market, among other issues.MarketWatch - Feb. 12 -
Musk says he'll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit companyABC News - Feb. 13 -
Olipop Just Landed a $1.85-Billion Valuation After Raising $50 Million. Here’s How It Plans to Spend the Cash
The prebiotic soda brand and two-time Inc. 5000 honoree was previously valued at $200 million in 2021.Inc. - Feb. 13 -
Bitcoin could see $23 billion inflow if these 18 states pass bills to establish crypto reserves
If all 20 bills introduced in 18 states to establish state-level bitcoin reserves are enacted, it could potentially lead to the buying of more than $23 billion worth of bitcoin — or some 247,000 ...MarketWatch - 6d -
Americans expect to spend a record $14.6 billion on their significant others for Valentine’s Day, report finds
The uncertainty of the future and the broader economy may be leading people to splurge on holidays, expert says.CNBC - 6d