Tag Archives: billion

Biden Administration Will Begin Disbursing $350 Billion in State and Local Aid

Biden Administration Will Begin Disbursing $350 Billion in State and Local Aid

Biden Administration Will Begin Disbursing $350 Billion in State and Local Aid Biden Administration Will Begin Disbursing $350 Billion in State and Local Aid The Biden administration will begin sending $350 billion in aid to state and local governments this month, a significant step in its effort to shore up segments of the economy that have been hardest hit by …

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Verizon Sells AOL and Yahoo to Apollo for $5 Billion

Verizon Sells AOL and Yahoo to Apollo for $5 Billion

Verizon Sells AOL and Yahoo to Apollo for $5 Billion Verizon Sells AOL and Yahoo to Apollo for $5 Billion Yahoo and AOL, kings of the early internet, saw their fortunes decline as Silicon Valley raced ahead to create new digital platforms. Google replaced Yahoo. AOL was supplanted by cable giants. Now they will become the property of private equity. …

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Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners

Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners

Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners WASHINGTON — President Biden, in an effort to pay for his ambitious economic agenda, is expected to propose giving the Internal Revenue Service an extra $80 billion and more authority over the next 10 years to help crack …

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NASA Awards SpaceX $2.9 Billion to Build Moon Lander

NASA Awards SpaceX $2.9 Billion to Build Moon Lander

NASA Awards SpaceX $2.9 Billion to Build Moon Lander NASA Awards SpaceX $2.9 Billion to Build Moon Lander Elon Musk’s private space company is developing a giant rocket called Starship to one day take people to Mars. But first, it will drop off NASA astronauts at the moon. NASA announced on Friday that it had awarded a contract to SpaceX …

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Microsoft to Buy Artificial Intelligence Provider for $16 Billion

Microsoft to Buy Artificial Intelligence Provider for $16 Billion

Microsoft to Buy Artificial Intelligence Provider for $16 Billion Microsoft to Buy Artificial Intelligence Provider for $16 Billion Microsoft said on Monday that it would buy Nuance Communications, a provider of artificial-intelligence and speech-recognition software, for about $16 billion, as it pushes to expand its health care technology services. In acquiring Nuance, whose products include the transcription tool Dragon, Microsoft …

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Alibaba Faces $2.8 Billion Fine From Chinese Regulators

Alibaba Faces $2.8 Billion Fine From Chinese Regulators

Alibaba Faces $2.8 Billion Fine From Chinese Regulators Alibaba Faces $2.8 Billion Fine From Chinese Regulators China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely. Beijing’s market watchdog began investigating Alibaba …

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Music Venues Scramble for $16 Billion in Federal Pandemic Aid

Music Venues Scramble for $16 Billion in Federal Pandemic Aid

Music Venues Scramble for $16 Billion in Federal Pandemic Aid Music Venues Scramble for $16 Billion in Federal Pandemic Aid When the pandemic forced Crowbar, a music club in Tampa, Fla., to shut down last year, Tom DeGeorge, its primary owner, took out more than $200,000 in personal loans to keep the business afloat, including one using its liquor license …

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He Built a $10 Billion Investment Firm. It Fell Apart in Days.

He Built a $10 Billion Investment Firm. It Fell Apart in Days.

He Built a $10 Billion Investment Firm. It Fell Apart in Days. He Built a $10 Billion Investment Firm. It Fell Apart in Days. Until recently, Bill Hwang sat atop one of the biggest — and perhaps least known — fortunes on Wall Street. Then his luck ran out. Mr. Hwang, a 57-year-old veteran investor, managed $10 billion through his …

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That Spotty Wi-Fi? There’s $100 Billion to Fix It.

That Spotty Wi-Fi? There’s $100 Billion to Fix It.

That Spotty Wi-Fi? There’s $100 Billion to Fix It. That Spotty Wi-Fi? There’s $100 Billion to Fix It. WASHINGTON — Kimberly Vasquez, a high school senior in Baltimore, faced a tough problem when the pandemic began. She had no fast internet service in her home, but all her classes were online. Marigold Lewi, a sophomore at the same school, was …

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Intel to Spend $20 Billion on 2 New Chip Factories in Arizona.

Intel plans to spend $20 billion on two new chip factories in Arizona.

Intel to Spend $20 Billion on 2 New Chip Factories in Arizona. Intel to Spend $20 Billion on 2 New Chip Factories in Arizona. Intel’s new chief executive is doubling down on chip manufacturing in the United States and Europe, a surprise bet that could please government officials worried about component shortages and dependence on factories in Asia. Patrick Gelsinger, …

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