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Nikola EV maker, once valued at $30 billion, files for bankruptcy
Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.CBS News - 1d -
Denmark to spend billions on defence, citing fears over Russian rearmament
Mette Frederiksen says situation is ‘most dangerous’ in many years as she increases defence budget to 3% of GDP. Mette Frederiksen admitted that Denmark and other countries made a mistake by ...The Guardian - 1d -
Got waste? Let's eliminate billions in corporate farm subsidies.
Brooke Rollins, the new secretary of Agriculture, has pledged to reform the department and create effective and efficient nutrition programs. She can tackle inefficient subsidies and food waste, ...The Hill - 23h -
DOGE team's "wall of receipts" shows errors in tallying billions in savings
The initial accounting by DOGE of its estimated savings was overstated by billions of dollars, a review by CBS News found.CBS News - 1d -
DOGE team's "wall of receipts" shows errors in tallying billions in savings
The initial accounting by DOGE of its estimated savings was overstated by billions of dollars, a review by CBS News found.CBS News - 1d -
DOGE claims $55 billion in cuts so far -- but the figure is hard to verify
DOGE claims that so far its cuts have saved the public $55 billion in federal funds -- but that's not yet possible to verify based on the records that DOGE has disclosed.ABC News - 21h -
UK energy network owners made billions in excess returns, says watchdog
Citizen’s Advice says ‘policy failure’ by regulator means companies secured a windfall of almost £4bnFinancial Times - 19h -
Trump’s talking about auditing Fort Knox. It might be a $750 billion maneuver.
Talking to reporters on Air Force One, President Trump on Wednesday night mentioned going to Fort Knox. Repeatedly.MarketWatch - 6h -
Strategy raises another $2 billion with proceeds earmarked for bitcoin purchases
The crypto play formerly known as MicroStrategy is offering zero-coupon convertible bonds in its latest move to boost its bitcoin holdings.MarketWatch - 5h -
LinkedIn Made $2 Billion in Subscriptions Last Year. How’s Hiring Going for You?
Something smells fishy.Inc. - Feb. 7 -
Bill Ackman reveals he's been building a more than $2 billion stake in Uber
The hedge fund manager said his fund began buying Uber shares in early January and has amassed 30.3 million shares, worth $2.3 billion.CNBC - Feb. 7 -
A.I. Military Start-Up Anduril Close to Deal That Would Value It at $28 Billion
The Southern California start-up, which builds flying drones and missiles, is set to raise up to $2.5 billion.The New York Times - Feb. 8 -
This HR Company Valued at $12 Billion Just Announced Plans to IPO. Here’s Why Other Companies Are Watching Closely
Human Resources startup Deel recently hit an annual revenue run rate of $800 million.Inc. - Feb. 8 -
Looming $2.7 billion Pell Grant shortfall poses a new threat for college aid
The Congressional Budget Office last month released Pell Grant program projections, which now estimate a $2.7 billion funding shortfall later this year.CNBC - Feb. 8 -
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.CNBC - Feb. 8 -
Taylor Swift has made the NFL almost $1 billion since she started dating Travis Kelce
Going into the Super Bowl, the “Taylor Swift effect” on the NFL looks even stronger than it did at this time last year. Here’s why.MarketWatch - Feb. 9 -
France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S.
Macron announced the mammoth investment sum ahead of France's AI Action Summit, where world leaders and tech bosses are gathering in Paris this week.CNBC - Feb. 10 -
Collins, Britt raise concerns about NIH move to slash billions in research costs
Two Republican senators, including a reliable ally of President Trump, have raised concerns about the National Institutes of Health's (NIH) decision to cut billions of dollars of “indirect” costs ...The Hill - Feb. 10 -
EU says AI race 'far from over' as bloc pledges 50-billion-euro investment boost
European Commission President Ursula von der Leyen said Tuesday that the race for AI leadership had not yet been won by China or the U.S.CNBC - Feb. 11 -
Travelers expects $1.7 billion insured loss from the California wildfires. Analysts still expect a profit.
Travelers’ CFO said the outbreak of wildfires were “a big event” for the insurance industry.MarketWatch - Feb. 11 -
As Musk cuts federal spending, his own firms have received billions in contracts
As Elon Musk has led an effort to slash government spending, his own companies have, over the last few years, received billions of dollars in government contracts.ABC News - Feb. 11 -
Super Micro 'confident' it will meet SEC deadline and reach $40 billion next fiscal year
Super Micro expressed confidence it will meet a key SEC deadline this month and hit $40 billion in revenue in fiscal 2026.CNBC - Feb. 11 -
SoftBank posts surprise loss of $2.4 billion in third quarter as Vision Fund investments go into red
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company's revenue also missed analysts' estimates.CNBC - Feb. 12 -
How the federal government spent billions rebuilding New Orleans after Hurricane Katrina
The U.S. has spent billions rebuilding New Orleans in the aftermath of Hurricane Katrina. Some of the interventions have, at times, had unintended consequences.CNBC - Feb. 12 -
Can Super Micro really do $40 billion in revenue next year? Some analysts are skeptical.
Super Micro’s stock is surging following a robust revenue outlook for next fiscal year. But analysts worry about stiffer competition in the market, among other issues.MarketWatch - Feb. 12 -
Olipop Just Landed a $1.85-Billion Valuation After Raising $50 Million. Here’s How It Plans to Spend the Cash
The prebiotic soda brand and two-time Inc. 5000 honoree was previously valued at $200 million in 2021.Inc. - Feb. 13 -
Bitcoin could see $23 billion inflow if these 18 states pass bills to establish crypto reserves
If all 20 bills introduced in 18 states to establish state-level bitcoin reserves are enacted, it could potentially lead to the buying of more than $23 billion worth of bitcoin — or some 247,000 ...MarketWatch - 6d -
Americans expect to spend a record $14.6 billion on their significant others for Valentine’s Day, report finds
The uncertainty of the future and the broader economy may be leading people to splurge on holidays, expert says.CNBC - 6d -
Dell shares pop on report of $5 billion deal for AI servers for Elon Musk's xAI
Elon Musk's high-valued artificial intelligence startup relies on Nvidia chips, and is reportedly buying a hefty amount from Dell.CNBC - 5d -
Goldman says AI could be a $200 billion game changer for China markets. But here’s why investors shouldn’t rush in.
China stocks are starting to feel the benefits of AI, but Goldman Sachs says there are reasons not to rush in.MarketWatch - 3d -
What drove this Vanguard fund to just top the U.S.’s oldest and largest ETF by $1.5 billion
The oldest exchange-traded fund listed in the U.S. has just been surpassed in assets under management by a Vanguard ETF that more cheaply tracks the S&P 500 index.MarketWatch - 1d -
HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts' estimates.CNBC - 1d -
One of the Japanese trading houses that Buffett owns agrees a $5.3 billion investment in an untapped iron-ore project
One of the Japanese trading houses that Warren Buffett’s Berkshire Hathaway holds has agreed to invest $5.3 billion in an untapped iron-ore project in Western Australia.MarketWatch - 1d -
How the world's largest asset manager is using nearly $28 billion of acquisitions to reinvent itself
Over the past year, BlackRock has cut deals to buy infrastructure investment firm GIP, private credit manager HPS and data provider Preqin.CNBC - 1d -
AI health-care startup OpenEvidence raises funding from Sequoia at $1 billion valuation
The new $75 million cash injection values OpenEvidence at $1 billion, the two companies told CNBC.CNBC - 1d -
Pokemon Go Developer In Talks To Sell Games Division To Saudi Arabia's Savvy For $3.5 Billion - Report
Pokemon Go developer Niantic is reportedly in discussions to sell its games division to Saudi Arabia-owned Scopely Inc for roughly $3.5 billion. Scopely was acquired by Saudi Arabia owned Savvy ...GameSpot - 1d -
U.S. fund KKR makes £4 billion management-buyout bid for UK's Thames Water
Private equity fund KKR is offering £4 billion to take control of struggling utility Thames Water in the UK, according to a person familiar with the matter.CNBC - 1d -
San Francisco 49ers explore 10% minority stake sale at about $9 billion valuation
The San Francisco 49ers are the latest NFL team to consider a minority stake sale to private equity or other investors.CNBC - 23h -
AI hiring startup Mercor now valued at $2 billion after strong recent growth
The new round of capital will allow Mercor to further develop the company's AI technologies that vet candidates and improve predictions.CNBC - 5h