Latest in Than Billion Loss
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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 - 6 hours ago -
Hurricane Milton’s insured losses could reach $50 billion, says Verisk
Data and technology company Verisk Analytics Inc. VRSK said Wednesday it estimates the insured losses to onshore property from Hurricane Milton could range from $30 billion to $50 billion.Business - MarketWatch - October 16 -
Helene, Milton losses expected to surpass "truly historic" $50 billion each
Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.Top stories - CBS News - October 17 -
Boeing reports $6.1 billion loss as strike takes toll on plane maker
Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike.Top stories - CBS News - October 23 -
Boeing reports $6 billion loss ahead of pivotal union vote
Boeing reported losses topping $6 billion last quarter as voting kicks off Wednesday on a labor contract that could put an end to a weeks-long strike that has crippled the aviation giant. “It will ...Politics - The Hill - October 23 -
Boeing workers to vote on ending strike as company reports billions in quarterly losses
Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...Top stories - CBS News - October 23 -
Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss
The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.Business - Inc. - October 23 -
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 - 3 days ago -
Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.Business - CNBC - Yesterday -
Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever
The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.Tech - The New York Times - 8 hours ago -
Healthy Returns: Covering weight loss drugs could cost Medicare $35 billion through 2034
Medicare coverage of the drugs would up federal spending by $35 billion from 2026 to 2034. Meanwhile, CNBC tests Abbott's continuous glucose monitor Lingo.Business - CNBC - October 15 -
NFL stadiums could experience $11 billion in climate-related losses by 2050, a new report finds
As football stadiums are increasingly being used for concert venues, storm shelters and community events, the impact could be severe for the economy.Business - CNBC - October 17 -
NFL stadiums could experience $11 billion in climate-related losses by 2050, a new report finds
Hurricane Milton’s damage to Tropicana Field in Tampa, Florida, was so devastating it likely means the Tampa Bay Rays will be looking for another place to play ball for opening day next spring.Top stories - NBC News - October 18 -
New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion
Boeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.Business - CNBC - October 23 -
Boeing reveals $6 billion quarterly loss ahead of key vote by striking machinists
Boeing Co.’s third-quarter earnings showed better-than-expected revenue despite the impact of a strike by machinists, but the company’s loss was wider than expected.Business - MarketWatch - October 23 -
U.S. Tech Firms to Invest More Than $8 Billion in U.K. Data Centers Amid AI Frenzy
Surging AI demand has led to a combined investment of $8.23 billion in U.K. data centers from four American tech companies.Tech - The Wall Street Journal - October 14 -
Ingram Micro could be worth more than $5 billion in return to public markets
Ingram Micro has set terms for its initial public offering, as the profitable California-based information-technology company is returning to the public market with a valuation could be move than ...Business - MarketWatch - October 15 -
AI Startup Perplexity in Funding Talks to More Than Double Valuation to $8 Billion
The search-based chatbot is seeking to raise around $500 million in what would be its fourth funding round in a year.Tech - The Wall Street Journal - October 20 -
Boeing raises greater-than-expected $21 billion from new stock sales
Boeing said Tuesday that it will raise nearly $21 billion from a public offering of common stock and depositary shares — more than the roughly $19 billion that was initially mooted.Business - MarketWatch - 2 days ago -
MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin
The plan is to use the additional capital ‘to buy more bitcoin as a treasury reserve asset,’ the company says.Business - MarketWatch - Yesterday -
Flagstar, formerly NYCB, reports a wider-than-expected loss as charge-offs jump
The bank formerly known as NYCB reported another wider-than-expected quarterly loss and provided a downbeat outlook.Business - MarketWatch - 6 days ago -
Weight Loss Jabs for Jobs?
Health Secretary says jabs could be given to help people get back into work.Top stories - BBC News - October 15 -
Debt rule to change to fund major projects
Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.Top stories - BBC News - October 18 -
Billions of levelling-up cash in limbo
Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.Top stories - BBC News - 4 days ago -
Mass deportation could cost billions
Bankrolling mass deportation would be costly. It would also require a lot more manpower.Top stories - CBS News - 4 days ago -
Learning to Measure Time in Love and Loss
In this essay from 2013, a writer tries to appreciate the limits of his own life.Lifestyle - The New York Times - October 19 -
Steve and Connie Ballmer on Ballmer Group
In a 60 Minutes interview, former Microsoft CEO and LA Clippers owner Steve Ballmer and his wife Connie share their vision for philanthropy and address whether they'd ever be in the market for ...Top stories - CBS News - October 13 -
OpenAI’s Journey to $157 Billion Chronicled in Documents
OpenAI originally applied to be recognized as a tax-exempt charitable organization by the IRS in 2016.Business - Inc. - October 13