Category: billion
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Insight Partners closes in on new $10 billion fund, FT reports By Reuters
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(Reuters) – Private equity firm Insight Partners is close to closing a new fund worth more than $10 billion, roughly half the amount originally targeted, the Financial Times reported on Sunday, citing five people familiar with the firm’s plans. The report said Insight will not officially close its 13th fund…
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Exclusive-OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say By Reuters
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Written by Crystal Ho and Kenrick Kay OpenAI’s new funding round is expected to come in the form of convertible notes, according to people familiar with the matter, who said its $150 billion valuation will depend on whether the ChatGPT maker is able to flip its corporate structure and remove…
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MicroStrategy Buys Additional $1.11 Billion Worth of Bitcoin
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MicroStrategy announced that it Purchased Bitcoin purchased 18,300 bitcoins for $1.11 billion, bringing its total holdings to 244,800 bitcoins purchased for $9.45 billion. The business intelligence firm, led by Bitcoin specialist Michael Saylor, has been steadily accumulating Bitcoin as part of its corporate strategy since 2020. MicroStrategy’s latest $1 billion…
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MicroStrategy Buys Additional $1.11 Billion Worth of Bitcoin
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MicroStrategy announced that it Purchased Bitcoin purchased 18,300 bitcoins for $1.11 billion, bringing its total holdings to 244,800 bitcoins purchased for $9.45 billion. The business intelligence firm, led by Bitcoin specialist Michael Saylor, has been steadily accumulating Bitcoin as part of its corporate strategy since 2020. MicroStrategy’s latest $1 billion…
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Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
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Occidental Petroleum shares have fallen 29% since mid-April, weighing on Warren Buffett’s stake in the company. This decline is in line with a 23% drop in crude oil prices due to concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, according to…
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Angel Studios to go public via $1.6 billion SPAC deal By Reuters
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(Reuters) – Angel Studios Inc said on Wednesday it will go public in the United States through a merger with Southport Acquisition Corp in a deal valued at $1.6 billion. The company, whose film “The Sound of Freedom” was among the top 10 grossing films in the United States last…
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Britain’s Rightmove rejects $7.3 billion takeover offer from Murdoch’s REA Group By Reuters
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By Scott Murdoch and Aditya Govindrao SYDNEY (Reuters) – Britain’s biggest property portal Rightmove has rejected its offer to buy the Australian property listings company for 5.6 billion pounds ($7.32 billion) in cash and shares, the Australian property listings company Ria Group said on Wednesday. REA, in which Rupert Murdoch’s…
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SEC Fines Hit $4.68 Billion In Aggressive Regulatory Push
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The US Securities and Exchange Commission is making headlines after a report revealed that it has carried out an unprecedented crackdown on the cryptocurrency industry: Fines it imposed on cryptocurrency companies jumped to a record $4.68 billion in 2024, up 3,018% from the previous year. Much of the rise comes…
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China records ¥649.34 billion trade surplus in August
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Couche-Tard approaches Seven & i again after $38.5 billion offer rejection By Reuters
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Written by Urvi Dugar Canadian retailer Alimentation Couche-Tard said Sunday it is willing to enter into confidential discussions with Japanese retail giant Seven & I Holdings Inc. about a $38.5 billion takeover offer and remains keen to pursue the purchase. Shares of Seven & I rose 3% in early trading…
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Nvidia’s $50 Billion Buyback Is Not a Reason to Buy the Stock Hand Over Fist. Here’s What I’m Concerned About.
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On August 28, Wall Street held its breath as the world’s most important artificial intelligence company reported second-quarter earnings. And I’m talking about Nvidia (NASDAQ: NVDA)Of course. While each member of the “The Great Seven“It is seen as an indicator of the direction of all things AI, and Nvidia has…
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US regulator approves BlackRock’s $12.5 billion deal for Global Infrastructure Partners By Reuters
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(Reuters) – The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock Inc.’s $12.5 billion deal to buy Global Infrastructure Partners. Under the deal announced earlier this year, BlackRock said it would pay $3 billion in cash and about 12 million BlackRock shares to acquire the asset management giant. BlackRock…
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China creates $230 billion brokerage powerhouse as consolidation gathers pace By Reuters
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HONG KONG (Reuters) – A merger of two state-backed brokerages in China to create a sector leader with $230 billion in assets is part of Beijing’s drive to consolidate the $1.7 trillion industry amid tough markets and is set to gain momentum, analysts said. Shanghai-based Guotai Juan Securities will acquire…
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Johnson & Johnson adds $1.1 billion to proposed talc settlement By Reuters
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By Mike Spector and Dietrich Knuth (Reuters) – Johnson & Johnson plans to pay an additional $1.1 billion to settle tens of thousands of lawsuits alleging that the company’s baby powder and other talc products cause cancer, two people familiar with the matter said. Johnson & Johnson said Wednesday it…
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US international trade balance for July $-78.8 billion versus – $-79.0 billion estimate
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Previous month -$73.1 billion revised to -$73.0 billion Goods trade balance -$102.84 billion vs -$96.56 billion Services surplus $24.3 billion vs. $24.2 billion last month Other details: Exports +0.5% vs. +1.7% last month. Imports rose by +2.1% compared to +0.6% in the previous month. Total exports amounted to $266.6 billion…
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US international trade balance for July $-78.8 billion versus – $-79.0 billion estimate
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Previous month -$73.1 billion revised to -$73.0 billion Goods trade balance -$102.84 billion vs -$96.56 billion Services surplus $24.3 billion vs. $24.2 billion last month Other details: Exports +0.5% vs. +1.7% last month. Imports rose by +2.1% compared to +0.6% in the previous month. Total exports amounted to $266.6 billion…
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Nvidia suffers record $279 billion loss in market value as Wall St drops By Reuters
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By Noel Randwick and Susan McGee (Reuters) – Shares of artificial intelligence giant Nvidia Corp (NASDAQ:NVD) plunged 9.5 percent on Tuesday, the deepest one-day drop ever in the market value of a U.S. company, as investors tempered their optimism about artificial intelligence in a broad market sell-off following tepid economic…
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Bitcoin ETFs take $50 billion baby steps toward big time By Reuters
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By Susan McGee (Reuters) – Bitcoin exchange-traded funds (ETFs) are expected to attract $55 billion in assets in the first five years, Matthew Hogan told an industry panel in October. By late August of this year, about eight months after their debut, the 10 new funds approved by U.S. regulators…