Latest in Unusual 10.5 Billion
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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 - 5 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 - 5 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. - 5 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 - 4 days ago -
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factoryTech - ABC News - 4 days ago -
Thanksgiving air travel peaks; Senate finds 5 U.S. airlines made billions from junk fees
Tuesday is expected to be the busiest day at the airports for those doing Thanksgiving travel this week. Meanwhile, on Capitol Hill, a newly released Senate report shows a number of U.S. airlines ...Top stories - CBS News - 4 days ago -
Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out
Databricks is raising at least $5 billion in cash — though it could raise as much as $8 billion — pegging its new valuation at $55 billion, sources say.Business - CNBC - 4 days ago -
County asks Tampa Bay Rays to commit to plans for $1.3 billion ballpark by Sunday
The Tampa Bay Rays should declare in writing whether they want to pursue an existing financing plan for a new $1.3 billion ballpark or walk away from the dealSports - ABC News - 4 days ago -
OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer
OpenAI on Tuesday introduced a new $1.5 billion tender offer, a continuation of its recent $6.6 billion funding round, led by SoftBank, CNBC has learned.Business - CNBC - 3 days ago -
In-N-Out turned a simple $4 burger into a cult favorite and now brings in $2 billion a year—here's how
Known for its fresh ingredients, straightforward menu, and passionate following, California-based In-N-Out Burger brings in $2 billion a year.Business - CNBC - 3 days ago -
Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer
Direct Line’s shares surged as investor’s hoped the rejection might pave the way for a second takeover bid from the U.K.’s largest insurance companyBusiness - MarketWatch - 2 days ago -
Oracle founder Larry Ellison’s billions helped shape the NIL deal that flipped a top football recruit to Michigan from LSU
Many universities are now handing out NIL deals worth millions of dollars to top athletes, but we rarely find out much about the source of those funds.Business - MarketWatch - Yesterday
