Latest in Ellison’s Billions Helped
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Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash
Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”Business - The New York Times - November 5 -
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AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round
The artificial intelligence search company is raising $500 million in its fourth funding round this year.Tech - The Wall Street Journal - November 5 -
After Hurricanes, Duke Energy Estimates $2.9 Billion in Restoration Costs
After hurricanes Debby, Milton and Helene, a leading energy producer in the South puts a price tag on replacing lost equipment and turning the lights back on in affected areas.Business - Inc. - November 7 -
Spain's catastrophic floods: At least 219 dead and billions in damage
Spain’s catastrophic floods have left behind staggering devastation and despairWorld - ABC News - November 7 -
How Samsung fell behind in the AI boom leading to a $126 billion wipeout
Samsung Electronics has fallen behind long-time rival SK Hynix in the area of high-bandwith memory.Business - CNBC - November 8 -
This $4 Billion Mall Deal Could Hit Retailers With Higher Rents
The giant private equity firm Blackstone bought a shopping center landlord, and rents at strip- and mini-malls will likely climb, hitting grocers, pharmacies, and retailers in urban areas.Business - Inc. - November 8 -
Hurricanes, storms cost US $500 billion this year: Analysis
Hurricanes and tropical storms have caused economic losses of nearly $500 billion as they have ravaged the country this year, according to analysis by AccuWeather. Experts estimated that the ...Politics - The Hill - November 8 -
Philadelphia Phillies capital raise values the team at around $3 billion
The Philadelphia Phillies recently raised close to $500 million in capital from three new investors, according to two people familiar with the deal.Business - CNBC - November 8 -
The final price tag on 2024 political advertising: Almost $11 billion
The total bill for ad spending in the 2024 election hit almost $11 billion, a new record and a substantial increase from the $9 billion spent in 2020.Politics - NBC News - November 8 -
Billions were bet on election odds using online markets
Election betting platforms brought in billions of dollars as users wagered on who would win Tuesday’s U.S. presidential election.Top stories - NBC News - November 9 -
DNC official calls Harris campaign a '$1 billion disaster'
Democratic National Committee (DNC) official Lindy Li called Vice President Harris’s bid for the White House a “$1 billion disaster” following her loss to President-elect Trump in the 2024 ...Politics - The Hill - November 9 -
The big-money battle to host an F1 race is heating up
To continue growing, F1 will need to tread a narrow line between the sport's new audience and its core motor racing fans.Business - CNBC - November 11 -
Brussels to free up billions of euros for defence and security from EU budget
Policy shift will allow the bloc’s capitals to redirect ‘cohesion funds’ amid Ukraine conflict and Trump victoryBusiness - Financial Times - November 11 -
Motorists who bought cars on finance could share in billions
The car finance industry is setting aside billions to pay for potential claims after a test case.Top stories - BBC News - November 12 -
Mobile gaming is expected to generate $98.7 billion in revenue globally | Xsolla
Mobile gaming is expected to generate $98.7 billion in revenue globally this year, with Asia leading the market at $65 billion.Tech - VentureBeat - November 12 -
Activist investor ValueAct has $1 billion stake in Meta, sources say
Activist investor ValueAct has a $1 billion stake in Facebook parent Meta, according to people familiar with the matter.Business - CNBC - November 12 -
Hertz booked a $1 billion charge as the value of its cars dropped
Hertz’s stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.Business - MarketWatch - November 12 -
Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys
The Justice Department is suing to block UnitedHealth Group’s $3.3 billion purchase of AmedisysHealth - ABC News - November 12 -
Inside VW and Rivian's $5.8 Billion Bet to Rescue Each Other
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.Business - The Wall Street Journal - November 13 -
The U.S. Air Force Strategy That Flexport Uses to Move Billions in Merchandise
Ryan Petersen’s Flexport technology moved $32 billion worth of merchandise in 2023 alone.Business - Inc. - November 13 -
The British Museum Gets a Giant Gift: $1.27 Billion of Chinese Ceramics
Sir Percival David’s collection, amassed in the early 1900s, includes prized vases and wine cups. “You simply couldn’t build up a collection like this today,” one expert said.Top stories - The New York Times - November 13 -
Britain's car finance industry is in crisis – with banks bracing for billions in payouts
The crisis has prompted comparisons to Britain's PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).Business - CNBC - November 14 -
Inside the Billion-Dollar Startup Bringing AI Into the Physical World
Physical Intelligence has assembled an all-star team and raised $400 million on the promise of a stunning breakthrough in how robots learn.Tech - Wired - November 14 -
General Mills to Acquire Cat Feeding, Pet Treating Business for $1.45 Billion
General Mills said it had agreed to acquire a North American cat feeding and pet treating business from European private-equity firm NXMH in a deal worth $1.45 billion.Business - The Wall Street Journal - November 14 -
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After two stamp hikes, the USPS lost nearly $10 billion in 2024
The U.S. Postal Service's loss widened in fiscal 2024, although revenue rose slightly after two stamp hikes this year.Top stories - CBS News - November 14 -
US hacker sentenced over Bitcoin heist worth billions
Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan.Top stories - BBC News - November 15
