Michael Bloomberg

Cryptocurrency firms and their allies have emerged as the vanguard of political spending for the 2024 U.S. presidential election, spearheading a record-breaking $1.5 billion influx from top donors. What Happened: The shift in campaign finance signals a new era where digital asset companies are...

The Forbes 400 list of the richest people in America is out and has several people leaving the list and newcomers such as Michael Jordan making their first appearance. This year’s list includes 400 people from 40 states with 240 living in four states. California leads the way with 87 of...

At the age of 39, Michael Bloomberg faced a turning point when he was fired from his sole full-time position at Solomon Brothers' equities desk. Undeterred, he embarked on a new venture, founding his namesake company the very next day after losing his job. Sticking To His Guns: In a recent...

The White House declined to answer questions pertaining to $5.2 million in campaign donations made by Sam Bankman-Fried to U.S. President Joe Biden and if the money will be returned to the disgraced founder of crypto exchange FTX (CRYPTO: FTT). Attending a press briefing on Dec. 13,...

"The Office" was by far the most streamed TV show in 2021 according to Nielsen Holdings PLC (NYSE: NLSN). But did you realize one of the most famous and wealthiest investors in the world appeared on the show for a cameo? In season seven, episode 24, titled the “Search Committee,...

One of the largest SPACs seeking a target could be nearing a $20 billion deal to bring one of the largest privately-held biotechnology companies public. The SPAC Rumor: Bloomberg reports Ginkgo Bioworks is in talks with Soaring Eagle Acquisition Corp (NASDAQ: SRNGU), a SPAC led by Harry Sloan and...

Shares of Kensington Capital Acquisition Corp (NYSE: KCAC) are trading higher by over 30% Friday. The move comes the day after the company announced a date of Nov. 25 to vote on the pending merger with battery company QuantumScape. Why It’s Important: QuantumScape is backed by Bill Gates and...

QuantumScape, a solid-state battery maker backed by Bill Gates and Volkswagen AG (OTC: VWAGY), is going public via SPAC Kensington Capital Acquisition (NYSE: KCAC). About QuantumScape: QuantumScape is a 10-year-old battery maker, spun out from Stanford University. The lithium batteries are said to...

Warren Buffett-led Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) late Sunday announced it has purchased passive stakes in five of the largest Japanese trading companies. What Happened: The trading companies, referred to as “Sogo Shosha” in Japan, include Itochu Corporation (OTC:...

Michael Bloomberg dropped out of the 2020 race on Wednesday after a poor showing on Super Tuesday and issued a statement endorsing former Vice President Joe Biden. Bloomberg is the former mayor of New York and spent more than $500 million of his own money in the race to become the Democratic Party...

It’s March 3, a defining day in the nomination of the 2020 democratic candidate for president. The excitement on Super Tuesday sees Democratic candidates Bernie Sanders, Joe Biden, Elizabeth Warren, Mike Bloomberg and Tulsi Gabbard looking to make a splash in the pool of remaining pledged...

Democratic 2020 presidential hopefuls took head-to-head for the 10th time on Tuesday night in South Carolina debate ahead of the primary to be held on Saturday. Candidates Hound Each Other With things heating up in the last debate in Nevada, the candidates took it further up a notch, this time...

Twitter Inc. (NYSE: TWTR) banned at least 70 accounts promoting Democratic presidential candidate Michael Bloomberg's campaign starting Friday, the Los Angeles Times reported. What Happened "We have taken enforcement action on a group of accounts for violating our rules against platform...

As the battle for the Democratic win heats up, no one was spared criticism Wednesday night on the debate stage in Las Vegas. Here are the key takeaways from the debate. Things Are Heating Up The Democratic event in Nevada was the precursor to the next debate to be held in Charleston, S.C., on Feb...

Democratic presidential candidate Michael Bloomberg is paying people $2,500 per month to promote his campaign among their social media circles, the Wall Street Journal reported Wednesday. What Happened Bloomberg's campaign team is hiring 500 workers, referred to as "deputy digital...