Category: billion
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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…
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AI Tokens Market Cap Rebounds By Nearly 80% To $32 Billion
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The cryptocurrency market has been volatile in recent months, with the overall market cap of Bitcoin and other cryptocurrencies seeing significant fluctuations. Amidst this turbulent landscape, there has been a surprising recovery in the AI and Big Data tokens sector. According to the latest data from coinmarketcap, the market cap…
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PM says Ukraine needs extra $15 billion to cover 2025 budget gap By Reuters
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KIEV (Reuters) – Ukraine needs an additional $15 billion to cover its budget deficit in 2025, Prime Minister Denys Shmyhal said on Tuesday. He said Ukraine estimates the total budget deficit for next year at about $35 billion, with plans to cover $20 billion. The Ukrainian government estimates the deficit…
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PDD’s $55 billion stock crash sends warning on Chinese economy
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(Bloomberg) — One of the last remaining bright spots in Chinese consumption is fading fast, as the country’s economic malaise saps demand for even the most accessible goods. Most Read from Bloomberg In the latest warning to global markets about the health of China’s economy, Temu owner PDD Holdings (PDD)…
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Trintech’s owners explore $2 billion sale of financial software maker, sources say By Reuters
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Milan city win (Reuters) – Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of financial software company Trintech, which could value the company at about $2 billion including debt, people familiar with the matter said. Trintech’s owners are working with investment bankers at Deutsche…
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Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
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The three Hong Kong-based bitcoin ETFs have over HK$2 billion (about US$272 million) in assets under management since their launch earlier this year. New: ?? Hong Kong #Bitcoin ETF assets exceeded HK$2 billion in assets under management. China is getting ready ? pic.twitter.com/GQZC1Z5UFC — Bitcoin Magazine (@BitcoinMagazine) August 26, 2024…