Ellison’s Billions

Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private

NHK said the founding family will raise over 8 trillion yen from "three Japanese megabanks and major American financial institutions."

Business - CNBC - November 20

Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures

Enterprise spending on generative AI surged 500% this year, hitting $13.8 billion — up from just $2.3 billion in 2023, according to a new Menlo Ventures report.

Business - CNBC - November 20

Adani Group companies lose $26 billion in market value after U.S. indictment

Adani Group companies lost $26 billion in market cap on Thursday, after the U.S. alleged that founder and chairman Gautam Adani was involved in a $250 million bribery scheme.

Business - MarketWatch - November 21

Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone services

The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a ...

Tech - ABC News - November 22

He Bought a Sub Shop as a Teen. Now He's Selling Jersey Mike's for $8 Billion.

Peter Cancro started slinging subs at his local shop at 14. Now he’s selling the national chain he built to Blackstone.

Business - The Wall Street Journal - November 22

At 17, he bought a sandwich shop for $125,000—he renamed it Jersey Mike's and just sold it for $8 billion

On Tuesday, Peter Cancro entered an agreement to sell a majority of his company Jersey Mike's Subs to Blackstone for a reported $8 billion.

Business - CNBC - 4 days ago

Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

"I've never wished to create a dynasty or pursue any plan that extended beyond the children," Buffett wrote in a lengthy letter Monday.

Business - CNBC - 4 days ago

Trump Pick Lutnick’s Firm in Talks With Tether for $2 Billion Bitcoin Lending Project

Cantor Fitzgerald, whose CEO is the secretary of Commerce nominee, has an extensive history with the company that runs the world’s largest stablecoin.

Business - Inc. - 4 days ago

Bitcoin slides toward $90,000 as ETFs end a positive streak

Bitcoin retreated from the psychologically important $100,000 milestone as investors booked profits from the token's post-U.S. election gains.

Business - CNBC - 3 days ago

Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability

UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday.