SoftBank Group Corp Chairman and CEO Masayoshi Son. Alessandro Di Ciommo/NurPhoto via Getty Images Japanese billionaire Masayoshi Son’s SoftBank Group reported earnings for the December quarter this w...
Tag: Billion
Ethereum Staking Protocol Rocket Pool Reached $1 Billion
On Feb 9, 2023, one of the leading cryptocurrencies, Ethereum’s decentralized staking protocol, Rocket Pool, gained $1 billion in total value locked (TVL) as per the DefiLlama report. The event occurr...
Polygon (MATIC) Forms Enormous 4.65 Billion Support at This Price Level
Arman Shirinyan In contrast to other digital assets, MATIC shows surprisingly high resilience and may continue its movement upward Polygon seems to have found a support level that has the potential to...
Ethereum staking service Rocket Pool reaches $1 billion in total value
On February 9, according to information provided by DefiLlama, the Ethereum staking service Rocket Pool surpassed a total value locked (TVL) of one billion dollars. This development takes place a litt...
Argentina Is Buckling Under Strain of $174 Billion Debt Mountain
(Bloomberg) — Cut off from global credit markets, Argentina’s government is selling ever more local currency bonds, amassing a debt load that already totals 33 trillion pesos ($174 billion) and ...
SEC Reportedly Probes Mormon Church Over $100 Billion Investment Portfolio Allegedly Saved For ‘Second Coming Of Christ’
Topline The Securities Exchange Commission is investigating the Mormon Church over allegations it failed to disclose investments in a secretive $100 billion portfolio, the Wall Street Journal reported...
More Than $2 Billion in USDC Redemptions in 30 Days – Altcoins Bitcoin News
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulatio...
Citi Dropped from Texas $3.4 Billion Muni Deal on Gun Policy
(Bloomberg) — Citigroup Inc. has been dropped from the group of banks poised to handle the biggest-ever municipal-bond transaction from Texas after the state’s attorney general’s office determin...
Adidas’s New CEO Has a $1.3 Billion Pile of Unsold Yeezy Gear
(Bloomberg) — Adidas AG shares slumped after the German shoemaker warned that it’s sitting on a €1.2 billion ($1.3 billion) pile of unsold merchandise after terminating its lucrative branding de...
$40 billion flees crypto market cap in a day as anxiety grows over SEC’s maneuvers
As concerns mount in the cryptocurrency industry over the recent actions of the United States Securities and Exchange Commission (SEC), its global market capitalization has recorded losses of over $40...
Redwood Wins $2 Billion Federal Loan To Scale Up Production Of Battery Materials For Electric Cars
Redwood Materials is starting to produce anode material for lithium-ion batteries in Carson City, Nevada. Redwood Materials Redwood Materials, the battery recycling and components maker created by Tes...
Redwood Materials nabs $2 billion loan for battery recycling in Nevada
JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday vi...
Billionaire Peltz Ends Disney Proxy Fight With Disney As Stake Swells To $1.1 Billion
Topline Billionaire Nelson Peltz’s proxy battle against Disney is over, the Trian hedge fund founder said Thursday morning on CNBC, giving his stamp of approval to the entertainment conglomerate’s unv...
Value locked in Rocketpool doubles in two months, rises to $1 billion
The value locked in Ethereum liquid staking protocol Rocketpool reached $1 billion, as it seeks to capture more of the liquid staking market. The majority of this value, $641 million, is in stak...
Wealthy clients pulled more than $100 billion from Credit Suisse in the fourth quarter
Beleaguered Swiss banking giant Credit Suisse on Thursday revealed that wealthy clients pulled 92.7 billion francs ($101 billion) out of the bank in the fourth quarter. Credit Suisse said two-thirds o...
StanChart Is Still in Play as Abu Dhabi’s FAB Explores $35 Billion Offer
(Bloomberg) — Most Read from Bloomberg First Abu Dhabi Bank PJSC is pressing ahead with a potential offer for Standard Chartered Plc, after a move to put earlier takeover plans on hold didn’t ha...
Disney to lay off 7,000 workers, cut $5.5 billion worth of costs in latest reshuffle
Disney (DIS) will lay off 7,000 workers as the company seeks to slash $5.5 billion in costs. As a result, the media giant plans to restructure the organization into three core business segments: Disne...
Big Short in Stocks Is Almost Over After $300 Billion Unwind
(Bloomberg) — Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warn...
Alphabet Stock Plunge Erases $100 Billion After New AI Chatbot Gives Wrong Answer In Ad
Topline Shares of Alphabet slipped on Wednesday after reports that promotional material for the Google parent’s new artificial intelligence chatbot contained inaccurate information—adding to con...
North Korea Stole Over $1 Billion in Crypto in 2022
According to an unclassified study from the United Nations, cybercriminals operating out of North Korea stole more digital assets in 2022 than in any previous year. According to Reuters, the UN report...
Alphabet Stock Loses $100 Billion After New AI Chatbot Gives Wrong Answer In Ad
Topline Shares of Alphabet slipped on Wednesday after reports that promotional material for the Google parent’s new artificial intelligence chatbot contained inaccurate information—adding to con...
$300 billion inflows global crypto market in 2023; Is the rally sustainable?
The cryptocurrency market has experienced a massive influx of capital in 2023, helping the sector take initial steps towards exiting last year’s bear market. At the moment, there is interest regarding...
CVS Health Bids $10.6 Billion For Oak Street Health, Countering Walgreens Doctor Clinic Push
Signage at a CVS Pharmacy store in San Francisco, California, U.S., on Monday, Aug. 2, 2021. … [+] Photographer: David Paul Morris/Bloomberg © 2021 Bloomberg Finance LP CVS Health’s plan to buy ...
Big 5 oil companies bank nearly $200 billion of profit in 2022, $22 million per hour
What is that saying about life not being fair? In a pill that is rather tough for a lot of people to swallow, big oil companies have announced stellar earnings for 2022, a year in which the world face...
New Leadership Team At Dufry Will Shape $6.7 Billion Merged Entity With Autogrill
Dufry has a new global executive committee. Dufry Dufry, the world’s biggest airport retailer, has shaken up its global executive committee (GEC), as the company prepares its growth strategy for the m...
Will $2 billion merger of Cresco and Columbia Care reach the finish line? Analysts see ‘market doubt’ for cannabis deal.
Cresco Labs Inc. and Columbia Care Inc. investors have signaled that a major merger in the cannabis space may be struggling to reach the finish line, analysts said. In March 2022, Cresco Labs CRLBF, +...
5 leading investment banks globally collected $27 billion in fees across 2022
Investment banking is a vital aspect of the financial world, offering various services, including underwriting, capital raising, and merger and acquisitions(M&A) advice. However, a few investment ...
Half A Billion XRP Moved Amid Price Drop
XRP News: After reaching a high of $0.41 over the weekend, XRP price fell briefly on Monday. One of the reasons could be the recent Whale activity into the token that has seen a rise this year. Recent...
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24%
Bed Bath & Beyond’s (BBBY) stock sank 24% after the embattled retailer announced it will raise as much as $1.025 billion through an equity offering. BBBY had gained 92% on Monday ahead of th...
Crypto Investors Lost $3.8 Billion in Last Year’s Crypto Hack
Last year was the biggest year ever for crypto hacking with $3.8 Billion stolen from DeFi Protocols. The North Korea-linked hackers almost exclusively used Tornado Cash to launder cryptocurrency stole...
Lyft stock sinks 30% after sales outlook falls short of $1 billion
Lyft Inc. posted record revenue for a second consecutive quarter Thursday, but the company’s worse-than-expected forecast tanked its stock in extended trading. Lyft LYFT, -3.16% expects first-quarter ...