Latest in Ellison’s Billions
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Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
Qualcomm said on Tuesday that it expects its push into new markets to generate an additional $22 billion per year by 2029.Business - CNBC - November 19 -
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
