Category: billion
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Warren Buffett’s BofA stock-selling spree surpasses $10 billion
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Warren Buffett’s group added another zero to its portfolio from a months-long selling spree in Bank of America Corp shares. In its 14th round of disposals, Berkshire Hathaway surpassed $10 billion in gross proceeds from trimming its stake in the second-largest U.S. bank, a regulatory filing showed Monday. Buffett, 94,…
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Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say By Reuters
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(Reuters) – Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on Sunday. Starboard also reached out to Ian Read, former CEO of Pfizer, and Frank…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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DeFi TVL (Total Value Loacked) Hits $133 Billion In Sept 24
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September saw a notable upswing in the DeFi TVL space, with the total value locked (TVL) in decentralized finance ecosystems rising to $133 billion — a 10% increase from previous levels. This surge marks a significant boost for the cryptocurrency market, driven by substantial contributions from blockchains like Solana, Base,…
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DeFi TVL (Total Value Loacked) Hits $133 Billion In Sept 24
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September saw a notable upswing in the DeFi TVL space, with the total value locked (TVL) in decentralized finance ecosystems rising to $133 billion — a 10% increase from previous levels. This surge marks a significant boost for the cryptocurrency market, driven by substantial contributions from blockchains like Solana, Base,…
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OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia By Reuters
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By Crystal Ho (Reuters) – OpenAI announced on Wednesday that it has raised $6.6 billion from investors at a post-cash valuation of $157 billion, cementing the ChatGPT maker’s position as one of the world’s most valuable private companies. The funding has attracted returning venture capital investors including Thrive Capital and…
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Burberry brand value plunges nearly $2 billion amid luxury downturn
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Burberry’s brand value has declined in the past year as the company grapples with the dual challenges of a luxury economic downturn and a disastrous internal turnaround plan. Kantar’s annual BrandZ brand value ranking saw Burberry lose nearly $2 billion in brand value compared to 2023. The group was the…
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US Bitcoin ETFs Rake In $1.1 Billion In Biggest Week Since Mid-July
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Photo: BlueTrust The cryptocurrency market has been in a state of volatility in recent months, with investors closely monitoring the performance of various digital assets. One specific area that has received significant attention is the growth of Bitcoin exchange-traded funds (ETFs) in the United States. Spot Bitcoin ETFs this week…
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US Bitcoin ETFs Rake In $1.1 Billion In Biggest Week Since Mid-July
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Photo: BlueTrust The cryptocurrency market has been in a state of volatility in recent months, with investors closely monitoring the performance of various digital assets. One specific area that has received significant attention is the growth of Bitcoin exchange-traded funds (ETFs) in the United States. Spot Bitcoin ETFs this week…
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BlackRock Bitcoin Holdings Surge To Nearly $24 Billion After Latest Purchase
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The world of finance has witnessed a remarkable transformation in recent years, with digital assets such as Bitcoin emerging as a major investment opportunity for institutional players. At the forefront of this shift is BlackRock, the world’s largest asset manager, which has been steadily accumulating Bitcoin and Ethereum in its…
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Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say By Reuters
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Written by Milana Finn and David French (Reuters) – Buyout firm TPG has emerged as the front-runner to take a $2 billion minority stake in Creative Planning, in a deal that could value the wealth management company at more than $15 billion, people familiar with the matter said on Saturday.…
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Recent hurricanes have caused over $200 billion in damage
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Recent major hurricanes to hit the United States left hundreds dead and caused billions of dollars in damage. Hurricane Beryl – 2024 Hurricane Beryl was the first of the 2024 Atlantic hurricane season, according to National Oceanic and Atmospheric Administration. Exceptionally warm ocean temperatures caused it to strengthen into a…
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POPCAT, SUNDOG on way to billion cap as Jacky CTO readies to rise
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Memecoins like POPCAT and SUNDOG are attracting interest in the cryptocurrency space, but quirky newcomer JACKY is quickly becoming a notable contender. Memecoins are always an interesting point of…
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POPCAT, SUNDOG on way to billion cap as Jacky CTO readies to rise
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Memecoins like POPCAT and SUNDOG are attracting interest in the cryptocurrency space, but quirky newcomer JACKY is quickly becoming a notable contender. Memecoins are always an interesting point of…
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Tron Processes Nearly $100 Billion In Trading Volume Last Week, TRX Ready For New All-Time High?
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TRX, the native currency of the TRON network, is stable at press time and trending at all-time highs. After the blowout in Q3 204, the uptrend remains in place, and buyers are confident that there will be more gains in the coming days. Tron settles approximately $100 billion USD in…
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Citi joins hands with Apollo for $25 billion private credit program By Reuters
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(Reuters) – Citigroup Inc and Apollo Global have teamed up for a $25 billion private credit and direct lending program, illustrating a growing alliance of banks and non-banks looking to grab a share of the lucrative $2 trillion market. Abu Dhabi’s sovereign wealth fund Mubadala Investment Company and Apollo’s retirement…
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Insurance claims from floods rise to Sh5 billion
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Insurance claims from floods that hit Kenya between March and June rose by 62 percent to at least Sh5 billion, indicating the impact on insurers of the increasing severity and frequency of climate change-related risks. The rise in flood claims means insurers will have to pay more attention to the…