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He Was Going to Save Intel. He Destroyed $150 Billion of Value Instead.
Pat Gelsinger was one of the chip pioneer’s true believers. After his rescue strategy failed, the board lost confidence in him. How does this iconic American company survive?The Wall Street Journal - Dec. 5 -
British regulators approve $19 billion Vodafone-Three mobile merger
British regulators said the tie-up can proceed if both companies sign "binding commitments to invest billions" to roll out a 5G network across the U.K.CNBC - Dec. 5 -
How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.The New York Times - Dec. 5 -
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.The Wall Street Journal - Dec. 4 -
Why Another Stalker 2 Delay Was Never An Option For Its Ukrainian Developer
Stalker 2: Heart of Chornobyl --the long-awaited sequel to developer GSC Game World's 2007 classic --was delayed several times during development, with an initial announcement in 2010 and a launch ...GameSpot - Dec. 4 -
FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup
An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands.The New York Times - Dec. 4 -
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.The New York Times - Dec. 4 -
Johnson rejects Biden request for $24 billion on new Ukraine aid
House Speaker Mike Johnson on Wednesday rejected a White House request to pass $24 billion in additional aid for Ukraine by the end of the year, saying any further assistance for Kyiv would be ...The Hill - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
Global investigation exposes alleged billion-dollar Russian money-laundering network
UK and foreign law enforcement agencies say networks laundered cash and cryptocurrencies for organised crime gangs across the west. Operatives said to be behind a billion-dollar Russian ...The Guardian - Dec. 4 -
Nintendo Adds Another Donkey Kong Game To Switch Online, And It's Still Not DK 64
Just like that, Nintendo has brought the entire Donkey Kong Land trilogy to Switch Online. Today, Donkey Kong Land 3 has (ahem) landed on the subscription service, though people are still pounding ...GameSpot - Dec. 4 -
Investors' crypto donations to charity skyrocket. Why it can be 'hugely beneficial,' expert says
There's soaring interest in donating crypto to charity, according to Fidelity Charitable. Here's how those donations can pay off at tax time.CNBC - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
'US Ryder Cup players should get $5m and donate to charity'
Tiger Woods suggests that each American player in the Ryder Cup should receive $5m (£3.9m) and give that money to charity.BBC News - Dec. 4 -
Billion dollar squirrel: Trump effect fuels crypto’s ‘memecoin’ boom
Tokens based on online viral moments outpace bitcoin over past month but critics say they reflect market frothFinancial Times - Dec. 4 -
Rust's OT winner helps Penguins avoid another late collapse in 5-4 win over Florida
Bryan Rust scored 1:31 into overtime and the Pittsburgh Penguins avoided another late collapse by beating the Florida Panthers 5-4 in overtimeABC News - Dec. 3 -
Billion-dollar future: Dodgers deferred pay at $1B
New contracts for Blake Snell and Tommy Edman increased the Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028-46.ESPN - Dec. 3 -
Marc Guéhi risks FA punishment after another message on rainbow armband
Palace captain wrote ‘Jesus loves you’ on his armband He had already been warned about message on Saturday Marc Guéhi is likely to face punishment from the Football Association after the Crystal ...The Guardian - Dec. 3 -
Dillon Gabriel's run at Oregon harkens back to the days of another Hawaii-born QB, Marcus Mariota
Harkening back to the days of Heisman Trophy winner Marcus Mariota, Hawaii-born Dillon Gabriel has led the undefeated Ducks into Saturday's Big Ten championship game against Penn State with ...ABC News - Dec. 3 -
High snow totals for U.S. as another system moves East
A break from the snow in the Northeast may come to a close as another weather system threatens parts of the U.S. CBS News' Rob Marciano looks at the weather impact.CBS News - Dec. 3 -
Massive Elon Musk donation news to me, says Farage
Claims the X mogul is planning to donate $100m to Reform UK are dismissed by party leader Nigel Farage.BBC News - Dec. 3 -
Woods says US Ryder Cup team should be paid if funds are donated to charity
Deal close to pay each US player $400k for 2025 event ‘What’s wrong with divvying it out to amazing charities?’ Tiger Woods believes American players should all be paid millions to play in the ...The Guardian - Dec. 3 -
Maher on another Trump term: 'I'm s‑‑‑ting my pants. ... I may quit'
Comedian Bill Maher said in a podcast that he is tempted to quit his show, citing the prospect of President-elect Trump’s second term. “I’m s‑‑‑ting my pants,” Maher said. “I mean, I may quit ...The Hill - Dec. 3 -
AT&T plans to plow $20 billion into buybacks in signal of business turnaround
AT&T’s stock is rising as the company will bring back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.MarketWatch - Dec. 3 -
'Everyone wins except the IRS' with this legal charitable donation strategy, advisor says
If you're donating money on Giving Tuesday, you may score a bigger tax break by gifting profitable investments. Here's what to know.CNBC - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
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"It's Christmas": Chef urged thieves to donate $32K worth of stolen pies
A Michelin-starred chef called on the thieves who stole his van, along with 2,500 meat pies inside it, to embrace the holiday spirit.CBS News - Dec. 3 -
Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.CBS News - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
ServiceTitan’s planned IPO could come with a more than $5 billion valuation
The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.MarketWatch - Dec. 3 -
Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.
Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to ...The Wall Street Journal - Dec. 3 -
Real estate tycoon must pay $9 billion to avoid execution in Vietnam
A court in Vietnam upheld a death sentence for real estate tycoon Truong My Lan, rejecting her appeal in a $12 billion embezzlement and bribery case.NBC News - Dec. 3 -
Vietnamese tycoon faces scramble to raise billions to avoid death sentence
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country. The Vietnamese property tycoon Truong My Lan has lost her appeal against the death ...The Guardian - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
Where You Should Donate This Holiday Season
The return of Times Opinion’s annual giving guide.The New York Times - Dec. 3 -
Cramer calls Disney stock a 'great bargain' as CEO Bob Iger scores another big box office win
Disney broke some more box office records with 'Moana 2' over the long Thanksgiving weekend.CNBC - Dec. 2 -
Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2 -
Kash Patel, Trump’s latest nominee, is just another toady
It is a given that Patel as FBI director would not act independently of the president.The Hill - Dec. 2 -
Eagles earn big win by outmuscling Ravens, who endure another rough Justin Tucker outing
Philadelphia's defense might have made the biggest statement of all, while Tucker missed three kicks for the first time in his career.Yahoo Sports - Dec. 2
