Latest in Billion Deficit
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Los Angeles Faces Nearly $1 Billion Deficit as It Rebuilds From Fires
Shifting federal policies, combined with the cost of January’s wildfires, have created “serious financial headwinds” for the city, officials said.The New York Times - Mar. 19 -
Trump’s $5 million idea to reduce the deficit and reduce immigration fraud
Donald Trump and his pet program DOGE have been looking for ways to reduce the deficit. The president’s latest idea is a “gold card” visa program, which he claims would reduce deficit spending by ...The Hill - Mar. 10 -
CBO projects deficits will sharply rise if Trump tax cuts made permanent
New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made permanent and not simply extended. In response to an inquiry from House ...The Hill - 6d -
U.S. budget deficit surged in February, passing $1 trillion for year-to-date record
The U.S. debt and deficit problem worsened during President Donald Trump's first month in office.CNBC - Mar. 12 -
Boston Celtics sold for $6.1 billion
The Boston Celtics are being sold to Bill Chisholm for $6.1 billion.CBS News - 6d -
Trey Galloway and Malik Reneau help Indiana overcome 10-point deficit to top Ohio State 66-60
Trey Galloway and Malik Reneau scored 16 points each and Indiana erased a 10-point second-half deficit en route to a 66-60 victory over Ohio StateABC News - Mar. 8 -
Tate cuts almost a tenth of staff as it tackles deficit
UK arts institution tries to break even ahead of fundraising rounds designed to drive growthFinancial Times - Mar. 14 -
Perplexity AI in talks to double valuation to $18 billion, raise up to $1 billion in new funding
Perplexity AI is in early talks to raise between $500 million and $1 billion in funding at an $18 billion post-money valuation, a source told CNBC.CNBC - Mar. 20 -
Alphabet to buy cybersecurity startup Wiz for $32 billion
Google owner Alphabet has agreed to buy cybersecurity startup Wiz for $32 billionABC News - Mar. 18 -
Alphabet to buy cybersecurity startup Wiz for $32 billion
Google owner Alphabet has agreed to buy cybersecurity startup Wiz for $32 billionABC News - Mar. 18 -
Alphabet to buy cybersecurity startup Wiz for $32 billion
Google owner Alphabet has agreed to buy cybersecurity startup Wiz for $32 billionABC News - Mar. 18 -
Celtics sold for record $6.1 billion, sources say
Bill Chisholm has agreed to purchase the Boston Celtics from the Grousbeck family for a valuation for $6.1 billion, sources told ESPN.ESPN - 6d -
OpenAI expects revenue will triple to $12.7 billion this year, source says
OpenAI foresees revenue tripling this year to $12.7 billion, CNBC has confirmed.CNBC - 1d -
South Korea's Hyundai announces $21 billion U.S. investment
South Korean conglomerate Hyundai on Monday announced a roughly $21 billion investment in U.S. onshoring that includes a $5.8 billion steel plant in Louisiana.NBC News - 3d -
EPA Cancels $20 Billion in Climate Grants
Here is what we know about the billions in funds that have led to federal investigations, lawsuits and frozen bank accounts for climate nonprofit groups.The New York Times - Mar. 12 -
CoreWeave aims to raise up to $2.7 billion in IPO
In its updated IPO prospectus on Thursday, CoreWeave said it plans to sell shares at $47 to $55 each, raising a total of up to $2.7 billion.CNBC - Mar. 20 -
Dollar Tree Is Selling Family Dollar for $1 Billion
Nearly 10 years after buying Family Dollar for about $9 billion, Dollar Tree announced it would sell the retailer to two private equity firms.The New York Times - 1d -
PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion
PepsiCo said Monday that it is buying prebiotic soda brand Poppi for nearly $2 billion.NBC News - Mar. 17 -
Oakland A’s being valued at $2 billion in sale of new shares of team
John Fisher, managing partner of the Oakland A's, is offering new shares in his MLB team at a $2 billion valuation, according to sources.CNBC - Mar. 17 -
Google parent Alphabet to buy Wiz cybersecurity firm for $32 billion
The agreement comes after the cybersecurity startup rejected Google owner's original $23 billion proposal last July.CBS News - Mar. 18 -
SoftBank to acquire chip designer Ampere in $6.5 billion deal
SoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server chip, for $6.5 billion.CNBC - Mar. 20 -
Hyundai says it will build $5.8 billion steel mill in Louisiana
President Trump touts Korean automaker's pledge to invest billions in the U.S., saying tariff threats are working.CBS News - 3d -
Ashton Hall’s Unconventional Morning Routine Has Drawn Nearly a Billion Views
Ashton Hall’s unconventional morning routine has drawn close to a billion views, and scores of copycat videos.The New York Times - 2d -
Trump admin. to cut billions in COVID funding from local health agencies
Federal health officials said they are cutting $11.4 billion in COVID-19-related funds for state and local public health departments.CBS News - 1d -
Trump admin. to cut billions in COVID funding from local health agencies
Federal health officials said they are cutting $11.4 billion in COVID-19-related funds for state and local public health departments.CBS News - 1d -
Trump admin. to cut billions in COVID funding from local health agencies
Federal health officials said they are cutting $11.4 billion in COVID-19-related funds for state and local public health departments.CBS News - 1d -
ASK IRA: Is it time to simply accept the talent deficit of the current Heat roster?
Q: Bam Adebayo only taking seven shots each in the last two games is ridiculous. Who is that on? Tyler Herro dribbling too much, with the lack of a true point guard? Erik Spoelstra’s coaching? – ...Yahoo Sports - Mar. 15 -
Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion
China's BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging Tesla as competition between the two EV rivals heats up.CNBC - 2d -
Ubisoft spins out new unit for Assassin’s Creed and other games, Tencent to take $1.25 billion stake
Ubisoft on Thursday announced it's creating a new gaming subsidiary and that Chinese technology giant Tencent will invest 1.16 billion euros ($1.25 billion) into the unit.CNBC - 9h -
Ubisoft spins out new unit for Assassin’s Creed and other games, Tencent to take $1.25 billion stake
Ubisoft on Thursday announced it's creating a new gaming subsidiary and that Chinese technology giant Tencent will invest 1.16 billion euros ($1.25 billion) into the unit.CNBC - 9h -
House GOP budget plan would cut domestic spending by $13 billion
House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...CBS News - Mar. 10 -
Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods
Canada will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration's steel and aluminum duties.CNBC - Mar. 12 -
'Pokémon Go' sells to Saudi-backed Scopely in $3.5-billion deal
Scopely, a mobile game company, will purchase 'Pokémon Go' and other games from developer Niantic in a deal worth $3.5 billion, the companies announced Wednesday.Los Angeles Times - Mar. 12 -
SoftBank expands its AI footprint with $6.5 billion purchase of Ampere Computing
SoftBank Group Corp. announced late Wednesday it is acquiring semiconductor designer Ampere Computing in a $6.5 billion deal that will expand its investments in AI infrastructure.MarketWatch - Mar. 20 -
Bill Chisholm agrees to buy Boston Celtics for record $6.1 billion
Symphony Technology Group managing partner Bill Chisholm agreed to buy the NBA's Boston Celtics at a $6.1 billion valuation, he announced Thursday.Yahoo Sports - Mar. 20 -
Congestion Pricing Is at Risk. So Is the M.T.A.’s $68 Billion Plan.
The M.T.A. has a five-year capital budget proposal for critical upgrades to the subway, buses and commuter railroads. The catch: It depends on $14 billion in federal funding.The New York Times - 1d -
Yankees become first MLB team valued at more than $8 billion, plus which club saw 50% increase over last year
Forbes has estimated the average club is valued at $2.6 billionCBS Sports - 1d -
Chinese EV giant BYD outpaces Tesla with annual sales of more than $100 billion
Chinese automaker BYD reported annual revenue of 777 billion yuan ($107 billion) for 2024, leapfrogging U.S. rival Tesla as competition between the two electric vehicle rivals heats up.NBC News - 2d -
Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.The New York Times - Mar. 13 -
Spending Bill Omits Billions for Local Projects as Congress Cedes Power to Trump
The stopgap measure the G.O.P. is pushing to avert a government shutdown omits billions of dollars in member-requested projects, another way in which Congress has ceded its power on federal spending.The New York Times - Mar. 14