billion

Michael Bloombergs $1 billion Johns Hopkins gift in 2024 covered medical tuition for students from families earning under $300,000

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The 2024 gift builds on a $1.8 billion commitment Michael Bloomberg made in 2018 to expand undergraduate financial aid at Johns Hopkins. (AP Photo/Jordan Strauss)

In a July 8, 2024 letter to the Johns Hopkins University committee, President Ron Daniels wrote that Bloomberg Philanthropies had given the University a $1 billion donation to sponsor scholarships at its graduate schools. The burden of debt has long discouraged poor and middle-class students who want careers in medicine. The 2024 gift builds on … Read more

Elon Musk leads US midterm election donations with nearly $500 million as campaign spending hits record $11.9 billion

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Elon Musk leads billionaire donations as US midterm election spending is projected to hit a record $11.9 billion. (REUTERS)

US midterm election spending is expected to reach a record $11.9 billion in 2026. Rich individuals, political groups and campaign teams are spending billions of dollars to support candidates across the country. This will make the 2026 midterm elections the most expensive in US history. Elon Musk leads billionaire donations as US midterm election spending … Read more

Oracle to raise $20 billion through bond and share sales for AI expansion as shares fall nearly 6%

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Oracle plans a $20 billion fundraising to support its AI and cloud infrastructure expansion. (REUTERS)

Oracle plans to raise $20 billion from investors through a combination of bond and share sales, according to regulatory filings released on Monday. The software company plans to use the money to support its expensive artificial intelligence (AI) and cloud infrastructure expansion. Oracle plans a $20 billion fundraising to support its AI and cloud infrastructure … Read more

Marvell to acquire Lumentum for $115 billion in record AI connectivity deal as shares fall 3%

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Marvell Technology to acquire optical components maker Lumentum in a $115 billion AI connectivity deal. (REUTERS/Eduardo Munoz/File Photo) (REUTERS)

Marvell Technology shares fell more than 3% on Monday after the chipmaker announced a $115 billion deal to acquire optical components maker Lumentum. Lumentum shares also fell after the announcement. Marvell Technology to acquire optical components maker Lumentum in a $115 billion AI connectivity deal. (REUTERS/Eduardo Munoz/File Photo) (REUTERS) The $115 billion deal could become … Read more

Judge dismisses Trump's $20 billion defamation lawsuit against Wall Street Journal over Epstein birthday letter

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A federal judge dismisses Trump's $20 billion Wall Street Journal lawsuit over its Epstein birthday letter report. (Photo by Brendan SMIALOWSKI / AFP) (AFP)

A US federal judge has dismissed President Donald Trump‘s $20 billion defamation lawsuit against The Wall Street Journal for the second time. The case concerned the newspaper’s report about a sexually suggestive birthday letter allegedly bearing Trump’s name and addressed to convicted sex offender Jeffrey Epstein. A federal judge dismisses Trump’s $20 billion Wall Street … Read more

FBI blames North Korea for record $6.3 billion Binance hack; exchange replaces 90% of stolen funds

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The FBI blamed North Korea for the $6.3 billion Binance hack as the exchange replaced 90% of stolen funds. REUTERS/Dado Ruvic/Illustration (REUTERS)

The FBI has blamed North Korea for the theft of $6.3 billion in cryptocurrency from Binance, calling it the work of a state-backed hacking group known as TraderTraitor. The attack, described as the biggest crypto heist in history, took place on Thursday and affected the world’s largest cryptocurrency exchange. The FBI blamed North Korea for … Read more

Binance says it has covered 90% of losses after $6.3 billion crypto hack

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Binance says customer assets remain safe as new update says it uses SAFU reserves, insurance funds and corporate treasury after record cyberattack. REUTERS/Dado Ruvic/Illustration (REUTERS)

Binance said it has now covered 90% of the losses linked to the record-breaking cyberattack that struck the world’s largest cryptocurrency exchange. The has now moved closer to restoring normal operations. Binance says customer assets remain safe as new update says it uses SAFU reserves, insurance funds and corporate treasury after record cyberattack. REUTERS/Dado Ruvic/Illustration … Read more

Trump says US probing North Korea's possible role in $6.3 billion Binance crypto hack: 'We're looking at that'

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Trump says the US is investigating whether North Korean hackers were behind the $6.3 billion Binance crypto attack.. Photographer: Annabelle Gordon/UPI/Bloomberg (Bloomberg)

US President Donald Trump said his administration is examining whether North Korean hackers were responsible for the $6.3 billion cyberattack on Binance, the world’s largest cryptocurrency exchange. Trump says the US is investigating whether North Korean hackers were behind the $6.3 billion Binance crypto attack.. Photographer: Annabelle Gordon/UPI/Bloomberg (Bloomberg) Speaking to reporters in the Oval … Read more

Binance founder CZ tells Elon Musk to stop mocking $6.3 billion crypto hack: 'Bad time to troll'

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Elon Musk's jokes about Binance's $6.3 billion hack prompted Changpeng Zhao to ask him to stop trolling and show support. (Changpeng Zhao/Bloomberg-Elon Musk/Reuters)

Elon Musk has drawn criticism from Binance co-founder Changpeng Zhao after the Tesla making sarcastic comments about the cryptocurrency exchange’s $6.3 billion hack. Musk reacted to the incident with laughing and grimacing emojis on X, prompting Zhao to ask the billionaire to stop mocking the company and show some support. Elon Musk’s jokes about Binance’s … Read more

DoorDash to acquire Instacart in $17 billion deal to expand grocery delivery business

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DoorDash plans to acquire grocery delivery company Instacart in a $17 billion deal. (Unsplash)

DoorDash announced plans to acquire Instacart in a deal valued at $17 billion on Thursday morning. Instacart is a grocery delivery company that helps customers order groceries from local stores. DoorDash plans to acquire grocery delivery company Instacart in a $17 billion deal. (Unsplash) DoorDash is mainly known for delivering restaurant food. The acquisition will … Read more