Mark Zuckerberg’s bet on the metaverse initially looked like a colossal mistake, wiping more than $100 billion from his net worth. But now it’s paying off big-time. Source link Read more »
A Southwest Airlines plane takes off from Hollywood Burbank Airport as another Southwest plane taxis on July 25, 2024 in Burbank, California. Mario Tama | Getty Images DALLAS — Southwest Airlines raised... Read more »
Brazil has reported a significant current account deficit (CAD) of BRL 6.6 billion for August 2024, a sharp increase from the BRL 1 billion deficit recorded in the same month last year.... Read more »
In a major move, private equity firms Vista Equity Partners and Blackstone are set to acquire Smartsheet, a cloud-based software company, for approximately $8.4 billion in an all-cash transaction. Under the terms... Read more »
Samsung Display Co., a leading South Korean electronics manufacturer, plans to invest $1.8 billion in a new OLED display factory in northern Vietnam this year. The facility, located in the Yen Phong... Read more »
Revolut, Europe’s most valuable startup, has informed its staff of an upcoming sale of up to $500 million worth of existing shares. The sale, which values the company at $45 billion, will... Read more »
British investment firm Hargreaves Lansdown announced on Friday that it has agreed to a £5.4 billion ($6.9 billion) takeover offer from a consortium of investors led by private equity majors CVC Group... Read more »
Alecta’s $3.2 billion in losses and writedowns have highlighted governance shortcomings at Sweden’s biggest pension fund and the setup of a vital part of the country’s retirement savings system. The fund, which... Read more »
The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty Images State taxes can be hefty “None of these winners think about taxes until... Read more »
The growth of ‘lottery couriers’ U.S. lottery sales exceeded $113.3 billion in 2023, according to the North American Association of State and Provincial Lotteries. With varying state and provincial regulations, players have... Read more »
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to... Read more »
Capital One headquarters in McLean, Virginia on February 20, 2024. Brendan Smialowski | AFP | Getty Images Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if... Read more »
Mercedes-Benz Group AG plans to buy back as much as €3 billion ($3.2 billion) worth of stock, extending moves to reward shareholders after cash flow exceeded expectations. The German luxury-car maker said... Read more »
Jeff Bezos has unloaded another 12 million shares of Amazon.com Inc. valued at $2 billion, bringing the total sold in the past week to more than $6 billion. He sold the latest... Read more »
It took Gautam Adani one year to return to the elite club of people with fortunes above $100 billion. The Indian mogul has regained much of his wealth after a short-seller attack... Read more »
MacKenzie Scott unloaded 65.3 million shares in Amazon.com Inc. last year, or about a quarter of her stake in the company, according to a regulatory filing. Source link Read more »
JPMorgan Chase & Co. is in talks to clinch $2.5 billion to $3 billion of third-party commitments to grow its private credit strategy, according to people with knowledge of the matter. The... Read more »
1967 Porsche 910 Source: Bringatrailer.com Bring a Trailer, the popular online auction site for collectible cars, posted record sales in 2023, even as classic-car prices hit the skids. Bring a Trailer’s sales... Read more »
He may be headed to prison next year after pleading guilty to US criminal charges in November, yet 2023 held a silver lining for former Binance Holdings Ltd. Chief Executive Officer Changpeng... Read more »