Latest in Billion Federal
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Rivian to Get $6 Billion Federal Loan for EV Factory
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.Business - The New York Times - 23 hours ago -
MicroStrategy buys $2 billion in bitcoin in 10 days. Is there $42 billion to go?
Shares of MicroStrategy Inc. entered record territory Monday for the first time in 24 years, as the self-proclaimed largest corporate holder of bitcoin continued to ride the postelection frenzy in ...Business - MarketWatch - November 11 -
Federal Reserve cuts interest rates by a quarter point
The Federal Reserve approved its second consecutive interest rate cut Thursday.Business - CNBC - November 7 -
Federal Reserve lowers rates by a quarter point
The Federal Reserve announced it is lowering the interest rate by a quarter point. NBC News’ Christine Romans explains what this means for the progress of inflation.Top stories - NBC News - November 7 -
Trump warned against meddling with Federal Reserve’s independence
Any effort by president-elect to interfere in interest rate policy could destabilise marketsBusiness - Financial Times - November 9 -
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Federal workers brace for Trump overhaul of civil service
President-elect Trump’s plans to reshape the federal workforce would allow him to fire wide swaths of career employees and replace them with political appointees — a move that comes as he has ...Politics - The Hill - November 18 -
Federer pays tribute to Nadal for 'epic career'
Roger Federer says Rafael Nadal "made the whole tennis world proud" during his "epic career" before the Spaniard's retirement.Top stories - BBC News - November 19 -
Ex-Temple guard in federal point-shaving inquiry
Federal authorities are investigating whether former Temple men's basketball player Hysier Miller bet on his own games and manipulated the outcome of Owls games he played in, according to multiple ...Sports - ESPN - 5 days ago -
Republicans ask for investigation into federal funding for Planned Parenthood
More than 100 Republican lawmakers are asking for an investigation in to the amount of federal funding that has been awarded to health centers that also provide abortion, including Planned ...Politics - The Hill - 4 days ago -
Judge dismisses special counsel's election case against Trump
The case was dismissed "without prejudice", meaning charges could be refiled when Trump leaves office.Top stories - BBC News - Yesterday -
Top federal prosecutor in New York announces resignation before Trump takes office
The federal prosecutor who has overseen the convictions of Sen.Top stories - NBC News - Yesterday -
Judge dismisses Trump's federal election interference charges
President-elect Trump’s criminal indictment accusing him of conspiring to subvert the 2020 election results is no more. U.S. District Judge Tanya Chutkan on Monday swiftly granted special counsel ...Politics - The Hill - Yesterday -
Special counsel dropping federal charges against Trump
Special counsel Jack Smith told federal courts he is dropping the federal election interference and classified documents cases against President-elect Donald Trump, citing a Justice Department ...Politics - NBC News - Yesterday -
Could Trump's federal cases be revived in 2029?
A judge dismissed the federal election interference case against President-elect Donald Trump on Monday after special counsel Jack Smith filed a motion to end the proceedings. Smith also filed a ...Top stories - CBS News - Yesterday -
Federal authorities on alert for threats ahead of Thanksgiving
Federal and local authorities are reportedly warning the Macy's Thanksgiving Day Parade in New York City could be a target for would-be terrorists. Law enforcement officials will also need to be on ...Top stories - CBS News - Yesterday -
Waymo Raises $5.6 Billion From Outside Investors
Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.Business - The New York Times - October 28 -
Biden announces $3 billion investment in U.S. ports
President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.Top stories - CBS News - October 29 -
Alphabet Revenue Jumps 15% to $88.3 Billion
The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.Tech - The New York Times - October 29 -
UEFA pledges $1 billion to grow women's soccer
UEFA pledged Wednesday to steer €1 billion ($1.08 billion) toward all levels of women's soccer over the next six years as part of a comprehensive strategy to grow the game in Europe.Sports - ESPN - October 30 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
Siemens to Buy Altair in $10.6 Billion Equity Deal
The German industrial giant is acquiring software and technology company Altair, a deal that will increase Siemens’s digital business revenue.Business - The Wall Street Journal - October 30 -
Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.Business - The New York Times - October 31 -
Kroger Finalizes $1.37 Billion Opioid Crisis Settlement
Kroger finalized a $1.37 billion settlement in connection with the grocery chain’s role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said.Business - The Wall Street Journal - November 4 -
U.K. government cuts NatWest stake by £1 billion
The British government on Monday said it further trimmed its crisis-era investment in U.K. bank NatWest.Business - MarketWatch - November 11 -
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.Business - MarketWatch - November 13 -
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Samsung Electronics Plans $7 Billion Share Buyback
The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.Business - The Wall Street Journal - November 15 -
MicroStrategy’s stock surges on $4.6 billion bitcoin buy
MicroStrategy shares are surging on the software company and cryptocurrency play’s $4.6 billion bitcoin buy.Business - MarketWatch - November 18 -
MicroStrategy’s $30 billion Bitcoin Bet Is Paying Off
The stock is up 460 percent this year thanks to the crypto—more than double Nvidia’s returns.Business - Inc. - November 19 -
A look at the $3 billion classroom safety industry
With school shootings continuing throughout the U.S., classroom safety has become big business. Mark Strassmann takes a look at how some companies are trying to keep students safe.Top stories - CBS News - November 19 -
7-Eleven, the Slurpee and a $47 Billion Takeover Battle
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.Business - The Wall Street Journal - 4 days ago -
This Battery Startup Raised $15 Billion. Then It Went Bust.
Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant battery makers.Business - The Wall Street Journal - 3 days ago -
Oracle applies to join Epic and others in new federal medical record network
Oracle announced Monday that it intends to join a federally-backed medical information exchange network called TEFCABusiness - CNBC - October 28 -
Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates
Fed rate cuts and lending rates do not always experience like-to-like movement. Here’s a quick look at rates, and what to expect moving forward.Business - Inc. - October 30 -
Biden hosts formal ceremony to celebrate federal support for Hispanic-serving institutions
President Biden hosted a formal ceremony to publicly celebrate his executive order establishing an initiative to increase funding for Hispanic-serving institutions.Top stories - NBC News - October 31 -
Yellowstone, Denali Bridges Among Dozens Included in Federal Upgrade Grants
Outdated bridges across the country will see an infusion of federal dollars from a Biden administration infrastructure law.Business - Inc. - October 31 -
'No white knight coming': Federal authorities will face limits responding to election lies
Federal law enforcement are preparing for election threats and minsinformation, but they're limited by law and already mistrusted by Donald Trump's supporters.Top stories - NBC News - November 1