Tag Archives: Billion

Fire at aluminum plant to hit Ford’s bottom line by up to $1 billion, analyst says  Reuters America’s top-selling vehicle faces production hit after fire at supplier facility, analyst says  Fox Business Fire at Oswego Novelis plant causes drop in Ford’s stock  WSYR Tesla, Ford, General Motors, and Stellantis: Why Auto Stocks Just Had A Bad Tuesday  Yahoo Finance Exclusive | A Devastating Fire …

Salesforce says it’s refusing to pay an extortion demand made by a crime syndicate that claims to have stolen roughly 1 billion records from dozens of Salesforce customers. The threat group making the demands began their campaign in May, when they made voice calls to organizations storing data on the Salesforce platform, Google-owned Mandiant said in June. The English-speaking callers …

President Donald Trump’s plan to use tariff revenue to bail out farmers could be stalled by the ongoing government shutdown. Trump said last month the administration would roll out subsidies for struggling farmers using revenue from his sweeping tariff policies. The White House will imminently announce a bailout plan that could put up to $15 billion in farmers’ pockets, Reuters …

Base Power, a Battery-Focused Power Company, Raises $1 Billion  The New York Times Base Power raises $1B to deploy home batteries everywhere  Yahoo Finance Austin startup raises $1 billion to keep Texans’ lights on  KXAN Austin Household-Battery Startup Raises $1 Billion From VCs to Expand  Bloomberg.com Base Power Raises $1 Billion Series C to Build the Future of American Power  Business Wire Source link

SoftBank to buy ABB’s robotics business in $5.4 billion deal  Reuters SoftBank to buy ABB robotics unit for $5.4 billion as it boosts its AI play  CNBC ABB to sell robots business to SoftBank in $5.38 billion deal  Yahoo Finance Sami Atiya to leave ABB  ABB Group SoftBank to pay $5.4 billion for robotics producer, one of four areas it’s investing to realize ‘artificial …

An ABB robot on a production line at the Sony UK Technology Centre in Pencoed, UK. Bloomberg | Bloomberg | Getty Images SoftBank Group on Monday said it had agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, as the Japanese giant looks to bolster its artificial intelligence plays. The deal, which is subject to …

Musk’s xAI Nears $20 Billion Capital Raise Tied to Nvidia Chips  Bloomberg.com Nvidia to Invest in Musk’s xAI as Part of $20 Billion Funding  Yahoo Finance Elon Musk’s xAI may be the next AI company to do a creative financing deal involving Nvidia  MarketWatch Elon Musk Gambles Billions in Memphis to Catch Up on AI  The Wall Street Journal Musk’s xAI nears $20 billion …

NYSE owner dives into prediction markets with $2 billion Polymarket investment  MarketWatch NYSE Owner to Invest Up to $2 Billion in Polymarket  The Wall Street Journal NYSE Owner to Invest $2 Billion in Betting Firm Polymarket  Yahoo Finance NYSE Parent To Invest $2 Billion In Polymarket, Bookies Slide  Investor’s Business Daily N.Y. Stock Exchange Parent to Buy Stake in Polymarket, as Prediction Markets Go …

Exclusive | NYSE Owner Near Deal for $2 Billion Stake in Polymarket  The Wall Street Journal NYSE-owner Intercontinental Exchange rises on report of $2 billion Polymarket stake  CNBC NYSE Owner to Invest $2 Billion in Betting Platform Polymarket  Bloomberg.com NYSE Owner ICE Stock Rises. It’s Taking a $2 Billion Stake in Polymarket.  Barron’s ICE Announces Strategic Investment in Polymarket  Yahoo Finance Source link

Traders work on the floor of the New York Stock Exchange. NYSE Shares of New York Stock Exchange parent, Intercontinental Exchange, rose more than 3% in the premarket after the company announced it took a $2 billion stake in prediction markets platform Polymarket. The deal values Polymarket at approximately $8 billion, both companies said in a release. “There are opportunities …