Latest in Larry Ellison’s Billions
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Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.Business - The Wall Street Journal - October 31 -
Apple sells $46 billion worth of iPhones over the summer as AI helps end slump
Apple snapped out of a recent iPhone sales slump during its summertime quarterTech - ABC News - October 31 -
Apple's services unit is now a $100 billion a year juggernaut after 'phenomenal' growth
Apple's services business has become a critical part of the company's appeal to Wall Street over the past decade.Business - CNBC - November 1 -
Apple Announces $46 Billion in Global iPhone Sales as AI Helps End Slump
Putting artificial intelligence tech into its flagship product ensured the summer quarter had a positive turnaround.Business - Inc. - November 1 -
Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
The U.S. Air Force began deploying the Global Positioning System (GPS) nearly 50 years ago, critical infrastructure to both the military and economy.Business - CNBC - November 1 -
Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.Business - CNBC - November 4 -
Nearly $1 billion has been spent on political ads over the last week
With Election Day around the corner, there's been just shy of $1 billion spent on political ads up and down the ballot in the last week.Politics - NBC News - November 3 -
Nearly $1 billion has been spent on political ads over the last week
There has been just shy of $1 billion spent on political ads in the last week, close to one-tenth of the more than $10 billion spent since the start of 2023.Business - CNBC - November 3 -
Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Amazon's Jeff Bezos and OpenAI invested in Physical Intelligence, a robot startup that raised $400 million at a $2.4 billion post-money valuation.Business - CNBC - November 4 -
DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation
Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.Tech - VentureBeat - November 1 -
Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier
Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenuesWorld - ABC News - November 5 -
These countries have the most at stake as the U.S. heads to the polls
The world is watching the presidential election as voters go to the polls Tuesday, but the vote is more consequential for some countries than for others.Business - CNBC - November 5 -
Hidden behind the budget is a terrible bombshell: billions in cuts for disabled people | Frances Ryan
The DWP confirms that draconian ‘savings’ are coming down the track. Are we a nation that will repair hospitals, but not help a nurse with long Covid?. In the days after the budget, the headlines ...World - The Guardian - November 5 -
British regulator says $19.5 billion Vodafone-Three merger could go ahead if remedies are adopted
Telecom firms Vodafone and Three's multibillion-pound merger could go ahead if the companies adopt proposed remedies from the U.K. competition regulator.Business - CNBC - November 5 -
Spain approves 10.6 billion-euro relief package after devastating floods that killed over 200 people
Spain approves 10.6 billion-euro relief package after devastating floods that killed over 200 peopleWorld - ABC News - November 5 -
Retail Group Sees $78 Billion Spending Hit From Trump Tariff Plan
A National Retail Federation predicts a huge loss in consumer spending power under Trump, who also threatened Mexico and China with further tariffs over fentanyl flows to the U.S.Business - Inc. - November 5 -
AstraZeneca sheds £15 billion of market cap as weight-loss-pill data underwhelms investors
AstraZeneca PLC shed £15 billion in market capitalization on Tuesday, after investors were underwhelmed by early data from a trial of a weight-loss pill.Business - MarketWatch - November 5 -
Perplexity AI in final stages of raising $500 million round at $9 billion valuation
Perplexity AI is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC.Business - CNBC - November 5 -
CVS beats revenue views, but profit missed due to a $1.1 billion reserve charge
CVS’s stock surges after revenue rose well above expectations, while profit missed because of a large charge premium deficiency reserves charge.Business - MarketWatch - November 6