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Senate report slams airlines for raking in billions in seat fees
The Senate panel is calling airline executives to testify next week about their carriers' fees.Business - CNBC - 23 hours ago -
Senate report slams airlines for raking in billions in seat fees
A Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights.Top stories - NBC News - 22 hours ago -
NY sportsbooks rake in record $2.3B in October
New York sportsbooks accepted $2.3 billion in bets in October, a new monthly record for any state.Sports - ESPN - November 8 -
Brokerages are raking in millions from your presidential election bets
There’s a lot of money to be made off of election betting, and brokerages are cashing in.Business - MarketWatch - November 5 -
MicroStrategy buys $2 billion in bitcoin in 10 days. Is there $42 billion to go?
Shares of MicroStrategy Inc. entered record territory Monday for the first time in 24 years, as the self-proclaimed largest corporate holder of bitcoin continued to ride the postelection frenzy in ...Business - MarketWatch - November 11 -
Waymo Raises $5.6 Billion From Outside Investors
Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.Business - The New York Times - October 28 -
Biden announces $3 billion investment in U.S. ports
President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.Top stories - CBS News - October 29 -
Alphabet Revenue Jumps 15% to $88.3 Billion
The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.Tech - The New York Times - October 29 -
UEFA pledges $1 billion to grow women's soccer
UEFA pledged Wednesday to steer €1 billion ($1.08 billion) toward all levels of women's soccer over the next six years as part of a comprehensive strategy to grow the game in Europe.Sports - ESPN - October 30 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
Siemens to Buy Altair in $10.6 Billion Equity Deal
The German industrial giant is acquiring software and technology company Altair, a deal that will increase Siemens’s digital business revenue.Business - The Wall Street Journal - October 30 -
Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.Business - The New York Times - October 31 -
Kroger Finalizes $1.37 Billion Opioid Crisis Settlement
Kroger finalized a $1.37 billion settlement in connection with the grocery chain’s role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said.Business - The Wall Street Journal - November 4 -
U.K. government cuts NatWest stake by £1 billion
The British government on Monday said it further trimmed its crisis-era investment in U.K. bank NatWest.Business - MarketWatch - November 11 -
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.Business - MarketWatch - November 13 -
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Samsung Electronics Plans $7 Billion Share Buyback
The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.Business - The Wall Street Journal - November 15 -
MicroStrategy’s stock surges on $4.6 billion bitcoin buy
MicroStrategy shares are surging on the software company and cryptocurrency play’s $4.6 billion bitcoin buy.Business - MarketWatch - November 18 -
MicroStrategy’s $30 billion Bitcoin Bet Is Paying Off
The stock is up 460 percent this year thanks to the crypto—more than double Nvidia’s returns.Business - Inc. - November 19 -
A look at the $3 billion classroom safety industry
With school shootings continuing throughout the U.S., classroom safety has become big business. Mark Strassmann takes a look at how some companies are trying to keep students safe.Top stories - CBS News - November 19 -
7-Eleven, the Slurpee and a $47 Billion Takeover Battle
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.Business - The Wall Street Journal - 4 days ago -
This Battery Startup Raised $15 Billion. Then It Went Bust.
Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant battery makers.Business - The Wall Street Journal - 3 days ago -
Rivian to Get $6 Billion Federal Loan for EV Factory
The financing for a factory in Georgia is part of a last-minute effort to establish climate policies before President-elect Donald J. Trump takes office.Business - The New York Times - Yesterday -
Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation
Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.Business - CNBC - October 28 -
Palantir is now worth $100 billion — and may be like Nvidia in one regard
Palantir is helping companies incorporate AI into their businesses — and one analyst says it’s succeeded “more than any company (not named Nvidia).”Business - MarketWatch - October 28 -
Ford sees another $1 billion EV loss, lowers guidance and its stock falls 6%
Ford Motor Co. reported earnings late Monday, but investors looked past a beat.Business - MarketWatch - October 28 -
HSBC shares surge on another $3 billion buyback plan and earnings beat
HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.Business - MarketWatch - October 29 -
Biden to unveil $3 billion investment in U.S. ports in Baltimore
President Biden will announce initiative to modernize ports across the U.S. and improve working conditions for dockworkers.Top stories - CBS News - October 29 -
‘DJT’ stock’s tripling in October is adding $4 billion to Trump’s coffers
The value of Trump’s stake in Trump Media has increased by about $4 billion in October, as investors are betting heavily that he’ll win next week’s presidential election.Business - MarketWatch - October 29 -
G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.Business - The New York Times - October 30 -
Elon Musk's xAI in Talks to Raise Funding Valuing It at $40 Billion
The new fundraising effort would substantially increase startup’s valuation from spring.Tech - The Wall Street Journal - October 29 -
Biden Announces $3 Billion to Cut Carbon Emissions at U.S. Ports
On a visit to Baltimore, the president said federal grants would help upgrade port infrastructure at 55 sites nationwide.Business - Inc. - October 29 -
Billions in taxes hang in balance for US companies as election nears
Research shows Trump’s tax cuts led to expanded corporate investment — and a spike in share buybacksWorld - Financial Times - October 30 -
Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.Business - CNBC - October 30 -
$2 billion marina development aims to turn Fort Lauderdale into 'mini Monaco'
The new development at the Bahia Mar marina will include a hotel, condo towers, a beach club, restaurants and retail space, according to the plans.Business - CNBC - October 30 -
Wall Street Giants to Make $50 Billion Bet on AI and Power Projects
KKR and Energy Capital Partners plan to invest in development of data centers and the power infrastructure to support them.Tech - The Wall Street Journal - October 30 -
Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election
The world’s richest men have their own rocket fleets, their own media and their own schemes to succeed with Donald J. Trump.Business - The New York Times - October 31
