An electric warehouse forklift uses Plug Power’s fuel cell system. Plug Power Plug Power, which supplies fuel cells for electric forklifts used by Amazon and other companies, said the retail gia...
Tag: Billion
Micron Seeks Tax Breaks for $160 Billion Chip Plant Near Austin
(Bloomberg) — Micron Technology Inc. is considering a plan to spend as much as $160 billion on a new semiconductor factory in central Texas. Most Read from Bloomberg The company filed applicatio...
IRS refunding $1.2 billion in late-filing fees for nearly 1.6 million
Ekaterina Goncharova | Moment | Getty Images The IRS on Wednesday announced it will waive penalties for many Americans who late-filed tax returns during the pandemic. Nearly 1.6 million filers will au...
Shiba Inu Surge As Mysterious Whale Buys 52 Billion SHIB in One Transaction, Now Holds 657B Shib
– Advertisement – Shiba Inu (SHIB) surges 9% as the mysterious whale bought 52.47 billion Shiba Inu in one significant transaction. Etherscan.io data reports that the Mysterious Whale has ...
Lift From Peloton Deal With Amazon Wiped Out As Quarterly Loss Climbs To $1.2 Billion
Peloton items are now available on Amazon. (Photo Illustration by Rafael Henrique/SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Peloton stock jumped ye...
Student Loan Forgiveness Plan Won’t Make Inflation Worse—Even If It Adds $400 Billion To Deficit, Goldman Says
Topline President Joe Biden’s historic plan to forgive up to $20,000 in student loans for millions of borrowers quickly drew criticism for potentially threatening to tack on to inflation that...
Peloton stock is a ‘buy’ despite over $1.0 billion loss in Q4: Cramer
Peloton Interactive Inc (NASDAQ: PTON) is down 20% on Thursday after the fitness equipment company disappointed investors not just in terms of its Q4 results but the future guidance as well. Should yo...
Tesla Split Will Struggle to Feed $280 Billion Rally: Tech Watch
(Bloomberg) — After a $280 billion rally since late May, Tesla Inc. is using a trusted method for fueling further gains. It may not pan out like that. Most Read from Bloomberg The electric vehic...
Semiconductor market expected to surpass $600 billion by end of 2022
The semiconductor industry, which makes key components for most of the technologies we depend on, has been in the headlines in recent years. These headlines focused on the chip shortages leading to bo...
Singtel To Sell $1.6 Billion Shares In India’s Airtel To JV Firm Backed By Billionaire Partner Sunil Mittal
A Bharti Airtel store in Mumbai, India, on August 3, 2022. Dhiraj Singh/Bloomberg Singapore Telecommunications said Thursday it has agreed to sell 3.3% of Indian mobile carrier Airtel to Bharti Teleco...
Texas Consumers On Hook For $10 Billion In Debt Incurred During Winter Storm Uri
A resident of Fort Worth, Texas pulls a sled on February 17, 2021, after Winter Storm Uri hit the … [+] state. Texas ratepayers are now on the hook for some $10 billion in debt incurred by utili...
CRM Stock Falls As Revenue Outlook Slashed Amid $10 Billion Buyback
Salesforce (CRM) on Wednesday reported July-quarter earnings that fell from a year earlier but topped Wall Street targets. The company lowered its fiscal 2023 revenue outlook while announcing its firs...
Nvidia sales forecast falls about $1 billion short of expectations, stock falls
Nvidia Corp. executives on late Wednesday forecast another revenue shortfall in the current quarter, after confirming an earlier warning by showing a sharp reduction in profit, while the chip maker as...
Nvidia earnings fall short, Q3 forecast misses by $1 billion
Nvidia (NVDA) announced its fiscal Q2 earnings after the bell on Wednesday, missing on earnings per share and falling short on Q3 forecasts amid a slowdown in PC and gaming sales following the explosi...
$ 6 billion class action for Sony PlayStation
In the United Kingdom, Sony PlayStation is facing a class action lawsuit with a $6 billion damages claim for abusing its position by imposing “excessive and unfair” prices on its games. Sony PlayStat...
Intel Doubles Down On Chips, Enters $30 Billion Deal To Build New Factory
Intel is not done yet. The company’s plan to become a big player in the semiconductor business is even more ambitious than we thought. Today’s news arrives via the WSJ, “Intel Corp. has struck an unus...
Liquidators hunting $3 billion can now delve into 3AC financial records
Liquidators will now be able to access Singapore-held financial records belonging to collapsed hedge fund Three Arrows Capital after the country’s high court granted a petition by advisory firm Teneo ...
Forgiving $10,000 in student loan debt would cost the U.S. $300 billion, according to new analysis
If the Biden administration forgives $10,000 in federal student loan debt for borrowers within a certain income cap, it would cost approximately $300 billion, according to a new analysis. No details o...
Biden Reportedly Plans $3 Billion Ukraine Arms Package As War Reaches Six-Month Mark
Topline The Biden Administration is planning to unveil a $3 billion military aid package for Ukraine this week, U.S. officials told the Associated Press on Tuesday, offering another round of assistanc...
As Arte Moreno Explores The Sale Of LA Angels, Here’s How It Could Exceed $2.5 Billion
LA Angels owner Arte Moreno has announced that he is exploring the sale of the club. (Photo by … [+] Kiyoshi Mio/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images In a bombshell...
Utah Jazz Minority Sale Values NBA Team Near $2.25 Billion, 29% More Than A Year Ago
When Jordan Clarkson goes up, he must come down. Not so for valuations of his team, the Utah Jazz. Kevin C. Cox/Getty Images Even small pieces of NBA teams are going for big dollars. Latest example: B...
Intel Scores $30 Billion Deal With Brookfield to Fund Chip Factories
Text size Intel’s deal with Brookfield will give it majority ownership of two new chip factories. Courtesy Intel Corporation Intel is turning to financial engineering to fund its chip-making amb...
Venezuela Ordered to Pay ConocoPhillips $8.7 Billion Over Asset Seizures
(Bloomberg) — A judge in Washington, D.C., ordered Venezuela to pay about $8.7 billion to ConocoPhillips as compensation for seizing the energy company’s interests in oil projects. Most Read fro...
A Risky $3.3 Billion Bet on the Fall of Tesla and Elon Musk
Elon Musk does not like investors and financiers to bet on Tesla’s stock-market collapse. Last May, the richest man in the world attacked Bill Gates, who formerly was the richest man in the wo...
One Billion Wallets Required for BTC to Be Considered as Inflation-Hedge, Says Scaramucci
SkyBridge Capital’s Anthony Scaramucci said that Bitcoin’s immaturity as a technical asset precludes it from being considered an inflation hedge. Speaking on CNBC’s Squawk Box, Scaramucci said the “wa...
Hidden Cost of Free Trading? $34 Billion a Year, Study Says
(Bloomberg) — Last year, five US professors opened two brokerage accounts and placed identical orders to test an algorithm. The next day, one was down by $150. The other was up $12. Most Read fr...
FTX Posted $1 Billion in Revenue Last Year Amid Crypto Rally: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on th...
Whales Drop 409.5 Billion SHIB Just Now as Price Goes Down 3%
Yuri Molchan Over past two hours, Ethereum whales have dumped more than 409.5 billion SHIB tokens on market Top Ethereum whales continue to buy and sell SHIB, while its price is fluctuating. Per a rec...
S&P 500: These 16 Investors Collect $2.7 Billion A Year In Dividends Alone
Investors gained a new appreciation for S&P 500 dividend stocks this year. But few investors love dividends as much as people who haul in billions a year from them. X Sixteen individuals who are t...