Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court. FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims. The amount for distribution includes assets under the...
Estimates. Firmer numbers are usually on Monday.TOP 5 DOMESTIC BOX OFFICE1. THE FALL GUY ($28.5M)2. STAR WARS: THE PHANTOM MENACE ($8M)3. CHALLENGERS ($7.6M)4. TAROT ($6.5M)5. GxK ($4.5M)The summer season is still in deep freeze--down 53% versus last year. APES will be looking to flip that narrative next weekend.— Exhibitor Relations Co. (@ERCboxoffice) May 5, 2024Welcome to Summer Movie Season!And despite The Fall Guy opening pretty well, comparitively, we're down 53%, as last year Mario was...
Allianz SE saw an increase in quarterly gains in the first quarter of its fiscal 2024, with its revenues increasing by 5.3% to €48.4 billion. The net income attributable to Allianz shareholders
NEW DELHI, (IANS) – The popular food and snacks chain Haldiram is up for grabs as a global group of investors has reportedly submitted a non-binding bid to acquire a controlling stake worth $8.5 billion in the company that was founded in Bikaner, Rajasthan in […]
Spending on Artificial Intelligence (AI) in the country may triple to $5 billion by 2027, an Intel-IDC report released on Tuesday said. According to the report, entities in India spent $1,703.8 million on AI in 2023. AI spending in India is expected to increase to $5 billion with CAGR (compound annual growth rate) of 31.5 per cent between 2023 to 2027. By 2027 AI will be everywhere, Sharath Srinivasamurthy, Associate Vice President, IDC said. He said that in 2023, major spending of $209...
Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world's most influential and powerful non-governmental organizations."After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation," Melinda French Gates wrote in a...