Business
OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors
OpenAI is close to finalizing a new funding round that is meant to be a bridge to its 2027 IPO, sources familiar with the matter tell CNBC.
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Entertainment
Judge Orders Donald Trump to Testify Under Oath in $10 Billion BBC Defamation Case
President Donald Trump must sit for a deposition in his defamation lawsuit filed against the BBC, the judge overseeing the case ruled. “Engaging in discovery is burdensome, but is a burden we undertake, especially if we file a lawsuit,” U.S. Magistrate Judge Enjoliqué Aytch Lett said at a hearing in the case Thursday, as reported […]
World
Meta fined $25 billion in New Mexico over Cambridge Analytica scandal
A New Mexico judge ordered Meta to pay $25 billion after a jury found the company deceived users in a case linked to the Cambridge Analytica scandal, media reported Wednesday. The ruling follows an $18 billion settlement with 48 other states over similar claims. Meta called the penalty “a tax on speech".
Politics
Meta ordered to pay $25 billion in Cambridge Analytica case
A New Mexico judge ordered Facebook's parent company, Meta, to pay $25 billion for misleading users over the Cambridge Analytica breach, which took place during Donald Trump's first presidential campaign.
Business
Meta ordered to pay $25 billion penalty in New Mexico Cambridge Analytica case
Meta to pay $25 billion in penalties related to Cambridge Analytica scandal in New Mexico.
Business
Salesforce announces $5.66 billion deal for Braze, sending BRZE stock soaring 51%
The company's latest acquisition is expected to close in fiscal 2028, and will see Braze shareholders receive $47.50 in cash per share.
Business
Why Trump and the GOP's billion-dollar midterm blitz isn’t working
Trump-aligned groups and Elon Musk have poured hundreds of millions into the midterm election, but the GOP spending surge has barely moved polls or the map.
Business
Certares Bets $2.3 Billion on High-Speed Rail in Europe, Founder Says
Rail has been such a tough sell for Americans traveling to Europe. Perhaps high-speed rail, climate sensibilities, marketing and competition can change that.
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Entertainment
Fox’s $22 Billion Roku Deal Approved by Shareholders of Both Companies
In an expected development, shareholders for both Fox Corp. and Roku voted to approve Fox’s $22 billion acquisition of the streaming-video platform company. At separate special meetings of shareholders Wednesday to vote on the deal, the majority of shares owned by Fox Corp. and Roku investors were in favor the deal. The proposed Roku deal […]
Business
Bank of America fined $1.2 billion over money-laundering violations
The action by the Treasury Department was announced less than a day before Bank of America reports quarterly earnings.
Science
Scientists uncover the 2.3-billion-year-old secret that helped keep Earth habitable
Scientists may have solved a 2.3-billion-year-old mystery about how Earth maintained enough oxygen to support life. Ancient rocks reveal that phosphorus recycling in the oceans created a self-sustaining cycle that helped keep oxygen levels high, even as the planet underwent dramatic environmental changes. The discovery challenges assumptions about Earth's early atmosphere and raises new questions about why complex life took so long to emerge.
World
How has the European Union’s major recovery plan benefited the 27 member states?
The 27 member states of the European Union agreed in July 2020 on a €750 billion post-Covid recovery plan called NextGenerationEU. Its main instrument is the Recovery and Resilience Facility, through which the European Commission has already disbursed €450 billion. The programme is due to come to an end in a few months, and countries must claim and account for the remaining funds.
World
US detains man accused in multi-billion Venezuelan money laundering scheme
US officials had been offering a reward of $10m (£7.5m) for information leading to Álvaro Pulido's arrest.
Sports
Women's billion-dollar boom leaves players behind, says Fifpro
Women's football is on course to become a billion-dollar industry, but many professional players are still earning low wages, working on insecure contracts and experiencing rising psychological stress, a Fifpro survey indicates.
Science
A 9-billion-year-old signal could help explain dark energy
A Canadian radio telescope has detected the faint glow of hydrogen from billions of years ago using only its own observations, proving a long-awaited way to map the distant universe can actually work. CHIME can use this hydrogen signal to trace how matter is spread across space and measure how the universe has expanded over time, offering a powerful new way to investigate dark energy.
Business
IMF reaches tentative $1.21 billion bailout deal with Pakistan
Pakistan's dependence on Gulf energy imports, remittances and regional financing has left the economy exposed to the fallout from the Middle East conflict.
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Entertainment
RedBird Ponied Up $4 Billion to Fund Paramount’s Warner Bros. Discovery Takeover
RedBird Capital Partners, led by Gerry Cardinale, invested $4 billion into Paramount’s deal to merge with Warner Bros. Discovery, the biggest Hollywood M&A deal in history, a source familiar with the deal confirmed to Variety. RedBird had already invested $2 billion in David Ellison’s Skydance Media for its takeover of Paramount Global, a deal that […]
Business
Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year
That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.
Business
Anduril lands $2.9 billion Navy submarine shipyard contract days after Luckey joins Pentagon weapons group
Defense tech leaders are gaining sway in Washington in President Donald Trump's military reindustrialization push
Business
Nvidia's $20 billion Groq deal faces lawsuit alleging startup's stockholders were shortchanged
The case alleges that the licensing deal "squeezed out" stockholders by giving them a "lowball price."