Tesla rakes in US$9 billion from carmakers failing to sell enough EVs
TESLA continues to cash in on other carmakers needing help to meet emissions standards, keeping up a lucrative business the ...
Tag: Billion
Bezos sells US$2 billion of Amazon shares in first major stock sale since 2021
JEFF Bezos unloaded 12 million shares of Amazon.com this week, the first time the billionaire has sold the company’s stock ...
Hyundai picks JPMorgan, Citi to accelerate US$3 billion India IPO: sources
HYUNDAI Motor has appointed investment bankers JPMorgan and Citi to advise on its at least US$3 billion India initial public ...
Nvidia chases US$30 billion custom chip market with new unit: sources
NVIDIA is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced ...
Unilever launches US$1.6 billion buyback as CEO demands improvements
UNILEVER launched a US$1.6 billion share buyback on Thursday (Feb 8) after volumes increased for the first time in 10 ...
SoftBank posts US$6.6 billion profit, first in five quarters
SOFTBANK Group on Thursday (Feb 8) posted a net profit of US$6.6 billion in the October-December quarter, ending a streak ...
Crypto ransom attack payments hit record US$1 billion in 2023: Chainalysis
PAYMENTS from crypto-related ransom attacks nearly doubled to a record US$1 billion in 2023, blockchain analytics firm Chainalysis said on ...
Alibaba misses revenue estimates; boosts buyback by US$25 billion
CHINA’S Alibaba Group Holding on Wednesday (Feb 7) missed analysts’ estimates for third-quarter revenue, hurt by softness in the retail ...
UBS offers US$1 billion AT1s in fast start to its funding plan
UBS Group is offering dollar-denominated Additional Tier 1 notes just a day after setting out plans to sell billions more ...
This Tech CEO Became $4.2 Billion Richer Overnight | Entrepreneur
Jensen Huang is having a really good week.On Wednesday, the CEO and co-founder of Nvidia surpassed all predictions with a ...
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