Latest in Cut Billion Profit
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OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
If OpenAI doesn't restructure into an independent for-profit company by Dec. 31, its mega-financing round could be slashed by $10 billion.CNBC - 3d -
OpenAI funding round could be cut by $10B if for-profit conversion doesn't occur by year-end
OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into a for-profit entity by Dec.NBC News - 3d -
To Secure $40 Billion, OpenAI Must Complete For-Profit Transition by End-Year
SoftBank can reduce funding to $20 billion if OpenAI fails to fully transition by the deadline.Inc. - 5d -
Trump Administration Abruptly Cuts Billions From State Health Services
States have been told that they can no longer use grants that were funding infectious disease management and addiction services.The New York Times - Mar. 27 -
Federal funding cuts are raising questions about university endowments. Here's what some are worth and how they work
Columbia is one of the richest universities with a $14.8 billion endowment. Still, covering federal funding cuts isn't as simple as smashing a piggy bank.CNBC - 2d -
Trump Administration Demands Additional Cuts at C.D.C.
In addition to reductions in agency personnel, federal regulators are demanding $2.9 billion in contract cancellations.The New York Times - 15h -
Judge Blocks H.H.S. From Terminating $11 Billion in Public Health Grants
A coalition of states sued over the Trump administration’s unexpected move to cut off the funds, which they said imperiled everything from childhood vaccination programs to opioid addiction treatment.The New York Times - 5h -
Canadians pull back on U.S. trips, threatening to widen United States' $50 billion travel deficit
Some carriers are cutting back U.S. flights from Canada due to weaker demand.CNBC - 5d -
How Kennedy is already weakening America's childhood vaccine system
Robert F. Kennedy Jr.'s Department of Health and Human Services cut $2 billion from a program that supports vaccines for vulnerable children.NBC News - 8h -
Chelsea report £128.4m profit after selling women’s side to themselves
Club turn last year’s pre-tax loss into pre-tax profit Move scrutinised over rules around fair market value Chelsea appear to have complied with the Premier League’s profitability and ...The Guardian - 3d -
Women's team sale pads £128.4m Chelsea profit
Chelsea recorded a pre-tax profit before taxation of 128.4 million pounds ($165.83 million) for the year ending in June despite a fall in revenue thanks to the repositioning of their women's team, ...ESPN - 2d -
Chelsea report £128m profit after selling women's team
Chelsea report a £128.4m profit in their latest financial results for the year ending June 2024, having sold their women's team to a parent company.BBC News - 3d -
An AI 'gold rush.' What to know about OpenAI's record $40-billion funding round
The latest $40-billion investment round will bring the ChatGPT's valuation to $300 billion.Los Angeles Times - 1d -
Feb 27: CBS News 24/7, 10am ET
Nearly $60 billion in foreign aid cut as USAID gets dismantled and workers clear their workspaces; "CBS Mornings" co-host Gayle King heading to space as part of Blue Origin's historic all-women crew.CBS News - 12h -
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 -
Los Angeles turned a profit on its last Olympics, and city near 'fiscal emergency' has no margin for budget miss in 2028
Los Angeles turned a profit on its last Olympics. The 2028 Summer Games may come up short, and leave taxpayers on the hook.CNBC - 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 - Mar. 25 -
Musk’s xAI Buys Social Media Platform X for $45 Billion
Elon Musk said on X that ‘xAI and X’s futures are intertwined.’ He bought Twitter for $44 billion in 2022.Inc. - 6d -
China's telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
Chinese telecoms gear giant Huawei says its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologiesABC News - 3d -
Chelsea find loophole to report pre-tax profit and rival fans will be angry – but it’s all within the rules
Chelsea’s owners have found a loophole and have been able to report a pre-tax profit in their finances this year, which will anger many.But by doing this, they will comply with PSR rules and also ...Yahoo Sports - 2d -
Eight Watch Brands Now Sell $1 Billion a Year
There now are eight brands selling more than $1 billion each year. Experts say it means big brands are getting bigger and their products are getting pricier.The New York Times - 3d -
OpenAI closes $40 billion funding round, largest private tech deal on record
OpenAI on Monday announced the close of its $40 billion financing, the most money raised in a single round by a private tech company.CNBC - 2d -
Timberwolves sale: Marc Lore, Alex Rodriguez get ownership for $1.5 billion as Glen Taylor settles dispute
The $1.5 billion price tag is far below what other teams have sold for in recent yearsCBS Sports - 1d -
DOGE Was Created to Save the Government Money. It May End Up Costing Billions Instead
DOGE reports it has saved $130 billion, but between lost tax income and severance costs, the unit may wind up costing the U.S.Inc. - 5d -
Experts say US weather forecasts will worsen as DOGE cuts balloon launches
With massive job cuts, the National Weather Service is reducing vital weather balloon launches in eight northern locationsABC News - Mar. 22 -
Here's how cuts at NIH could impact cancer patients
The Trump administration's cuts to the National Institutes of Health has some worried about stalls in research and medicine.CBS News - 7h -
Trump administration ramps up threat to cut school funding over DEI
The Trump administration threatened to cut school funding if states don’t certify that they do not have unlawful diversity, equity and inclusion practices.NBC News - 4h -
Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers
Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of ...ABC News - Mar. 19 -
US gives initial approval for Qatar to purchase MQ-9 armed drones for nearly $2 billion
The United States has given an initial approval for the energy-rich Mideast nation of Qatar to buy eight armed MQ-9B Predator drones for its military, an estimated purchase worth nearly $2 billionABC News - Mar. 27 -
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on FridayABC News - 6d -
The NHL and Rogers agree on 12-year, $7.7 US billion media rights deal in Canada, AP source says
The NHL has reached an agreement with Rogers Communications on a 12-year, $7.7 US billion media rights agreement in Canada, according to a person familiar with the deal. The contract is the latest ...Yahoo Sports - 3d -
Federal judge temporarily pauses RFK Jr. effort to rescind billions of public health funds
A federal judge granted a temporary restraining order Thursday that stops the Trump administration from pulling back more than $11 billion in public health funding from state and local health ...The Hill - 6h -
Widespread job cuts begin at health agencies
Layoffs began widely Tuesday morning at the Department of Health and Human Services as the agency sets out to cut some 10,000 full-time jobs as the Trump administration works to drastically shrink ...NBC News - 2d -
County Championship season set for controversial cut
The County Championship looks increasingly likely to be cut from 14 matches to 12 per team from 2026 after another review of the domestic structure which is likely to illicit anger among some leaders.Yahoo Sports - 10h -
Screen Time: How Gender Diversity Boosts Box Office Profits
A new report indicates that gender-balanced films outearn male-dominated movies.Inc. - 5d -
China’s WeRide warns driverless tech profitability ‘difficult to predict’
Nasdaq-listed autonomous vehicle company says government regulation and local partners are key to ending years of lossesFinancial Times - 4d
