Paramount Skydance in talks with Apollo about a potential $60 billion bid for Warner Bros. Discovery, sources say
David Ellison, the head of Paramount Skydance, is reportedly negotiating with a significant private equity firm regarding a potential acquisition of Warner Bros. Discovery (WBD). This development suggests he might be seeking some financial backing for his move. Apollo Global Management is one of the potential investors interested in collaborating with WBD. Previously, they had […]
Investors such as Nvidia support Musk’s xAI in a $20 billion funding round, according to a report.
A recent report indicates that a collective of investors, including Nvidia, is backing Elon Musk’s xAI, which has raised $20 billion in its current funding round. This funding effort consists of both debt and equity sourced from special purpose vehicles that involve purchasing Nvidia chips and renting them to xAI, as noted by an insider […]
Jiuzi Holdings, Inc. Reveals Gradual Implementation of $1 Billion Cryptocurrency Acquisition Strategy; Initial Bitcoin Purchase Expected in Two Weeks
Jiuzi Holdings Announces $1 Billion Capital Plan Hangzhou, China, October 8, 2025 – Jiuzi Holdings, Inc. (NASDAQ: JZXN) has shared further details about its earlier announced capital plan, which involves raising $1 billion. The company plans to do this by engaging with market investors through a continuous purchasing program. Following the initial announcement, the company […]
Jamie Dimon states that JPMorgan invests $2 billion annually in AI and balances that cost with savings.
JPMorgan Chase’s AI Investments and Economic Outlook On Tuesday, Jamie Dimon, CEO of JPMorgan Chase, revealed that the bank spends around $2 billion each year on artificial intelligence, suggesting that the savings generated from this technology are offsetting the costs of the investment. This investment spans various sectors within JPMorgan, including risk assessment, marketing strategies, […]
Zohran Mamdani acknowledges he may require an alternative plan as it remains uncertain how he will finance the $10 billion agenda.
Mamdani Considers Funding Alternatives for His Ambitious Agenda Zohran Mamdani, the leading socialist candidate, has acknowledged that if he can’t secure tax breaks for the ultra-wealthy and corporations, he might have to consider different strategies to support his $10 billion proposal-laden agenda. At a campaign gathering focused on affordability held in Queens, he emphasized that […]
Shutdown costing the US economy approximately $15 billion each week
Warning on Economic Impact of Potential Government Shutdown Kevin Hassett, the Director of the National Economic Council (NEC), expressed concerns on Monday about the financial repercussions that a government shutdown might have on the U.S. economy, estimating a loss of approximately $15 billion per week. During a segment on CNBC’s “Squawk Box,” Hassett referenced an […]
Fifth Third acquires Comerica for close to $10 billion as regional banks seek to compete with JPMorgan.
Fifth Third Bancorp Acquires Comerica for $10.9 Billion Fifth Third Bancorp has announced its acquisition of Comerica in a stock deal valued at $10.9 billion, combining two prominent regional banks. This merger will give rise to the ninth largest bank in the US, with total assets reaching approximately $288 billion, according to a company statement […]
Trump administration halts $2.1 billion in Chicago transit funding to look into ‘race-based contracting’ during government shutdown
In a recent announcement, the Trump administration revealed a freeze on $2.1 billion designated for the Chicago Infrastructure Project. This move aims to ensure that funds are not allocated through contracts based on racial criteria, particularly in light of the ongoing government shutdown. Russ Vought, the Director of the Office of Management and Budget (OMB), […]
OpenAI’s $500 billion valuation positions it as the most valuable private company globally, according to a report.
OpenAI Reaches New Valuation Milestone OpenAI’s CFO, Sarah Friar, will join Morniss and Maria to discuss substantial investments from Nvidia, Softbank, and others. They’ll delve into the ongoing US-China AI competition and consider how AI might reshape employment, business dynamics, and the broader American economy. Recent stock transactions have catapulted OpenAI’s valuation to $500 billion, […]
OMB leader Russ Vought halts $2.1 billion in funding for Chicago transit.
Chicago Secures Federal Funding Amid Shutdown Chicago recently became the second major U.S. city to secure billions in federal funding for infrastructure projects, coinciding with a government shutdown. The Trump administration is navigating a challenging landscape as it pushes for a DEI (Diversity, Equity, and Inclusion) contract amid these circumstances. The federal government has allocated […]