Browsing: billion
James Murdoch may have reaped as much as $7.5 billion from his pre-IPO investment in Elon Musk’s SpaceX | Fortune
James Murdoch appears poised to reap a fortune from his investments in SpaceX that could far exceed what he gained…
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts | Fortune
Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026…
SK Hynix: $29 billion stock offering going live this week will test investors’ appetite for AI stocks | Fortune
South Korean chipmaker SK Hynix isn’t one of the Magnificent 7 stocks but is in a class of its own…
‘Big Tech is desperate’: Amazon engineers are calling out the tech giant for its $200 billion in data center spending after slashing 30,000 workers | Fortune
A group of Amazon engineers spoke out against unfettered data center construction, calling out their own employer for pouring money…
Labor union participation is on the rise even as U.S. companies spend more than $1.7 billion annually to halt union formation | Fortune
On Tuesday, members of the newly formed App Drivers Union rallied victoriously outside the Massachusetts State House, celebrating the certification…
Ex-Google engineer turned $7.2 billion AI CEO gets thousands of job applications a day but still can’t find candidates with a strong work ethic | Fortune
Millions of Gen Z graduates are convinced they’ve drawn the short straw of the labor market: ghosting is rife in…
The deficit just grew by $955 billion in 7 months. It’s time for a constitutional fix to control the budget | Fortune
The U.S. government is technically insolvent, with its liabilities far exceeding its assets, and its financial condition is deteriorating with each…
Reed Hastings’s planned exit from $455 billion Netflix ‘had nothing to do with’ the failed deal for Warner Bros., says Ted Sarandos | Fortune
The 65-year-old cofounder and former CEO of the world’s largest streaming service announced on Thursday that he won’t stand for…
Why Trump is paying a French energy giant almost $1 billion to abandon U.S. offshore wind projects in favor of natural gas | Fortune
Big Oil giant TotalEnergies will eliminate nearly $1 billion in offshore wind projects planned along the U.S. East Coast under…
Supermicro’s co-founder was just accused of smuggling $2.5 billion in GPUs to China | Fortune
Federal agents on Thursday arrested Yih-Shyan “Wally” Liaw, a prominent Silicon Valley executive deep in the AI ecosystem who co-founded…