Category: billion
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Exclusive-Boeing agrees to buy Spirit Aero for $4.7 billion, sources say By Reuters
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Written by Mike Stone and Alison Lambert WASHINGTON (Reuters) – Boeing Co agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks on a deal that the U.S. planemaker hopes will help ease a mounting safety crisis.…
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The $4.7 billion ruling against the NFL could shift power between the league and teams
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The NFL has rarely been a loser on the field, but a crushing defeat in an antitrust lawsuit could change the way the world’s richest sports league generates billions of dollars in revenue each year. A Los Angeles jury on Thursday sided with fans who claimed the league conspired with…
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Nvidia stock buybacks could come from $270 billion ‘cash gusher’
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AI chip leader Nvidia will face an embarrassment of riches in the coming years, and shareholders will be rewarded, a technology analyst has predicted. Ben Raitzes, Managing Director and Head of Technology Research at Melius Research, He told CNBC on Wednesday Jensen Huang’s Nvidia has mastered the “full stack” approach…
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$9 Billion in Bitcoin: Mt. Gox to Start Repayments in July
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Defunct bitcoin exchange Mt.Gox said it will begin distributing assets stolen from customers in a 2014 hack starting in July, after years of delayed deadlines. JUST IN: Bankrupt Mt Gox will start with $9 billion #Bitcoin Payment of installments in July ? pic.twitter.com/Rph2AupnTY – Bitcoin Magazine (@BitcoinMagazine) June 24, 2024…
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$9 Billion in Bitcoin: Mt. Gox to Start Repayments in July
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Defunct bitcoin exchange Mt.Gox said it will begin distributing assets stolen from customers in a 2014 hack starting in July, after years of delayed deadlines. JUST IN: Bankrupt Mt Gox will start with $9 billion #Bitcoin Payment of installments in July ? pic.twitter.com/Rph2AupnTY – Bitcoin Magazine (@BitcoinMagazine) June 24, 2024…
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$10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?
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Meet Samuel Edem, nickname – HIM-buktu. Web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and an understanding of trends, he has written articles for numerous industry players, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the…
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$10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?
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Meet Samuel Edem, nickname – HIM-buktu. Web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and an understanding of trends, he has written articles for numerous industry players, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the…
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Solana’s Stablecoin Volume Plummets To $7 B From $100 Billion
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Solana, The blockchain platform heralded as a rising star in the decentralized finance (DeFi) space has found itself at the center of a stunning revelation. According to recent reports, the platform’s daily stablecoin trading volume, which was once estimated at $75-100 billion, has dropped by a staggering 93% to just…
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Solana’s Stablecoin Volume Plummets To $7 B From $100 Billion
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Solana, The blockchain platform heralded as a rising star in the decentralized finance (DeFi) space has found itself at the center of a stunning revelation. According to recent reports, the platform’s daily stablecoin trading volume, which was once estimated at $75-100 billion, has dropped by a staggering 93% to just…
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Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A federal judge said on Tuesday that Visa Inc and Mastercard Inc could likely afford a “significantly larger” settlement with merchants who said they overpaid for card swiping fees than the $30 billion deal she rejected this week. US District Judge Margo Brody…
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President Ruto directs Sh346 billion budget cut after Finance Bill rejection
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President William Ruto has directed the National Treasury to prepare a mini-budget for the financial year starting in July after rejecting the 2024 Finance Bill, which was expected to raise an additional Sh346 billion. President Ruto on Friday signed the 2024 Fiscal Appropriation Bill, which allows the national government and…
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Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React?
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Bitwise Investment Manager (CIO) Matt Hogan I recently discussed inflows into the United States Ethereum ETFs It can attract. Specifically, he mentioned the amount that could flow into these funds in the first 18 months of trading. Ethereum ETFs Record $15 Billion in First 18 Months of Trading Hogan mentioned…
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The Italian billionaire family behind Ferrari and Stellantis, bolster their stake in Philips to $4.19 billion
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The family of Italian billionaire Agnelli has increased its stake in Royal Philips NV, giving it a stake worth $4.19 billion, in a sign of increased confidence in the Dutch medical device manufacturer. Agnellis’ Exor NV now owns 17.51% of Philips, according to a U.S. regulatory filing late Tuesday. It…
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Traders have poured $5 billion into leveraged Nvidia ETFs. They’re up 425% even after the stock’s big wipeout.
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Stock market bullMoonset/Getty Images Leveraged ETFs tracking Nvidia’s performance have soared this year. The leveraged funds focused on the AI giant have attracted $5 billion from investors. This amount is leagues beyond other single-stock ETFs that track huge technology names. A new type of exchange-traded fund has been making waves…
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Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
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Shares of Rivian (RIVN) rose in the hours after the electric vehicle maker announced a joint venture deal with Volkswagen (VWAGY), bringing new capital into Rivian’s coffers. Shares of Irving, Calif.-based Rivian rose more than 40% in after-hours trading. Volkswagen has announced that it intends to work with Rivian to…
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How big businesses dodged Sh150 billion in taxes
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The Kenya Revenue Authority (KRA) has failed to collect more than Sh150 billion in taxes, as 3,674 taxpayers, most of them major companies, failed to report business transactions worth nearly half a trillion shillings, exposing the scams used by the companies. To evade taxes. The Auditor-General revealed that in the…
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Uber Faces £1 Billion VAT Showdown with HMRC
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Uber, the ride-hailing and food delivery giant, is bracing for a major tax dispute with HM Revenue & Customs (HMRC) over £1bn VAT payments. Since March 2022, Uber has been required to pay 20 per cent VAT on its fares and delivery sales, resulting in a total charge of £951…
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Prudential plans $2 billion share buyback By Reuters
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(Reuters) – Insurance group Prudential said in a statement on Sunday that it is planning a $2 billion share buyback program that will be completed no later than mid-2026. The life and health insurance company said in a separate statement that it will initiate the first $700 million tranche of…
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Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales?
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Shiba Inu whales are on the move again, sparking speculation about what to expect from the meme. One whale, in particular, caught the attention of the SHIB community after a major withdrawal from popular cryptocurrency and stock trading exchange Robinhood. Whale withdraws nearly $40 million from Robinhood The Shiba Inu…