Irs Will Lose Up to $214 Billion in Debt Ceiling Deal
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Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.
Blackstone struck a deal to acquire restaurant franchiser Tropical Smoothie Cafe from Levine Leichtman Capital for nearly $2 billion, including debt.The Wall Street Journal - World -
Canary Wharf offices lose £900mn of value
Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuationsFinancial Times - Business -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - World -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - Business -
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.CNBC - Business -
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.CNBC - Business -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Biden to tout $6 billion deal with semiconductor manufacturer Micron during Syracuse trip
The Biden administration announced Thursday that it reached a preliminary agreement with Idaho-based semiconductor manufacturer Micron, the latest in a series of investments through the bipartisan CHIPS and Science Act. President Biden will ...The Hill - Politics - Joe Biden -
Why now is a great time to consider debt relief
A debt relief service may be able to help you deal with mounting debt. Here's why now is a great time to sign up.CBS News - Top stories -
Paris's Moulin Rouge loses windmill sails overnight
The cause of the sails' collapse from the roof of the world famous cabaret club is not yet clear.BBC News - Top stories -
In Supreme Court Immunity Case, Trump Can Lose in Ways That Amount to a Win
After the justices hear arguments on Thursday, how they decide may be just as important as what they decide.The New York Times - Top stories - Donald Trump -
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom
The world’s second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.The Wall Street Journal - Tech -
Anne Heche's 'insolvent' estate cannot settle debts, actor's son claims in legal docs
Homer Laffoon, Anne Heche's son and the executor of her estate, said in legal documents that his mother's estate is "not in a condition to be closed."Los Angeles Times - Entertainment -
Red Sox lose yet another starting pitcher to injury as Brayan Bello lands on IL with lat tightness
Bello joins Lucas Giolito, Nick Pivetta and Garrett Whitlock on Boston's ILCBS Sports - Sports - MLB -
Korean chip maker SK Hynix returns to net profit after five-quarter losing streak
SK Hynix returned to a net profit in the first quarter after a five-quarter losing streak, continuing to ride the artificial-intelligence boom that boosts demand for more advanced and high-end memory chips.MarketWatch - Business -
Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.CNBC - Business -
Micron Will Receive $6.1 Billion to Build Semiconductor Plants
The grant to the memory chipmaker is the latest federal award aimed at boosting U.S. chip manufacturing.The New York Times - Tech -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
Ukrainian ambassador discusses $61 billion aid package
After months of negotiations, debate and Capitol Hill visits from foreign leaders, a much-anticipated foreign aid bill finally became law Wednesday with President Biden's signature. Oksana Markarova, Ukrainian ambassador to the U.S., joins CBS ...CBS News - Top stories - Ukraine -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Business -
Bears request more than $2 billion in public money to fund $4.6 billion stadium project
The numbers for the Bears' proposed stadium project are astounding.Yahoo Sports - Sports -
What Is TikTok Worth? Guesses Range From $20 Billion to Over $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
Best pre-Memorial Day deals on barbecue grills
Barbecue season is finally here, so if you're shopping for a new grill, here's your chance to save some cash.CBS News - Top stories -
Lions to ink St. Brown, Sewell to $100M+ deals
The Lions and wide receiver Amon-Ra St. Brown have agreed to a four-year, $120 million extension that includes $77 million guaranteed, sources told ESPN.ESPN - Sports -
How did Reggie Bush lose his Heisman Trophy? Answering key questions with ex-USC star back among award winners
Bush was the only Heisman Trophy winner to ever have his trophy strippedCBS Sports - Sports -
Biden speaks after signing $95 billion foreign aid package into law
President Biden spoke from the White House Wednesday after signing into law a $95 billion foreign aid package that will send money to Israel, Ukraine and Taiwan. The president had been pushing Congress on the legislation for months. CBS News chief ...CBS News - Top stories - Joe Biden -
How NASA Repaired Voyager 1 From 15 Billion Miles Away
The far-traveled space probe is once again transmitting usable data, after a glitch caused months of gibberish.Wired - Tech - NASA -
Israel Calls Alliance With U.S. ‘Ironclad’ After Receiving Billions in Aid
The money from Washington, which includes $5 billion to replenish Israel’s defenses and $1 billion for Gazan civilians, comes as Israel readies to invade Rafah.The New York Times - World - Israel -
Israel Calls Alliance With U.S. ‘Ironclad’ After Receiving Billions in Aid
The money from Washington, which includes $5 billion to replenish Israel’s defenses and $1 billion for Gazan civilians, comes as Israel readies to invade Rafah.The New York Times - Top stories - Israel -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
Mercer Raises $3.9 Billion for Multi-Asset Private Capital Fund
Private Investment Partners VII is designed to provide broad private markets exposure to investors that lack the internal resources to identify the best managers.The Wall Street Journal - World -
Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American
The deal would create one of the largest copper miners at a time when demand is soaring for the metal used in many green technologies.The New York Times - Business -
BHP makes $39 billion bid for Anglo American in mining mega play
Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion).CNBC - Business -
Micron Gets $6.1 Billion to Build Three New Facilities
The government grant will fuel up to $125 billion in investment by Micron in New York and Idaho over the next 20 years, U.S. officials said.The Wall Street Journal - Tech -
BHP Seeks Mining Megadeal With $39 Billion Anglo American Bid
The mining giant has offered to buy its longtime rival in a deal that could reshape the global industry.The Wall Street Journal - World -
Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants
The $6.1 billion for Micron, to shore up the domestic supply of semiconductors, comes after a key union endorsement and passage of an aid bill central to the president’s foreign policy agenda.The New York Times - Top stories - Joe Biden -
BlackRock-Temasek Venture Amasses $1.4 Billion for Clean-Energy Wagers
The firms’ Decarbonization Partners raised its first fund to support emissions-reducing technologies.The Wall Street Journal - World -
Tensions ratchet up between China and the west
Also in this newsletter: new weapons for Ukraine, German recovery, the value of loyaltyFinancial Times - World - China -
Bengals pick up option on WR Chase for '25
The Bengals have picked up the fifth-year option on Ja'Marr Chase's rookie deal that will be worth an estimated $21.8 million for the 2025 season.ESPN - Sports - NFL -
Now It's Up to Europe to Take the Lead in Ukraine
Continental security can no longer be outsourced to the U.S., which may soon have other wars to fight.The Wall Street Journal - World - Ukraine