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Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades
Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved out. Follow our Australia news live blog for latest updates Get our ...The Guardian - Mar. 11 -
From Maid to Mortgage Mogul: How Patty Arvielo Built a Billion-Dollar Lending Empire
Patty Arvielo built her company, New American Funding, to weather uncertainty and she still finds time to pay it forward.Inc. - Mar. 11 -
Canada hits U.S. with $21 billion of retaliatory tariffs as global trade war heats up
The first shots of President Donald Trump’s global trade war have been fired.NBC News - Mar. 12 -
Spotify says it paid $10 billion in royalties in 2024 — but only 4% of its artists make a living
The music-streaming giant has long been the target of criticism from artists about paltry payments, but said it doled out record royalties last year.MarketWatch - Mar. 12 -
LSU's legendary 2019 team tops half a billion in NFL earnings as Ja'Marr Chase, Derek Stingley Jr. cash in
LSU's former stars are raking it in thanks to Chase's blockbuster new dealCBS Sports - 4d -
Pepsi will pay $1.7 billion for a soft-drink company that got its start on ‘Shark Tank’
Pepsi looks to boost its healthy offerings with Poppi, a maker of prebiotic drinks.MarketWatch - 4d -
Google plans to buy cybersecurity company Wiz for $32 billion. Here’s why the startup is so valuable.
Wiz was founded only five years ago but offers an increasingly important cloud-security service as cyber risks grow.MarketWatch - 3d -
Ex-Roma CEO Guido Fienga recalls failed stadium project: “One billion euros up in smoke.”
Former Roma CEO Guido Fienga recalled the failed stadium project during James Pallotta’s ownership of the club.The current director of the Saudi fund PIF, spoke at the Festival of Law and Economics ...Yahoo Sports - 2d -
$100 billion Arizona chips project will break dependence on China, Taiwan's president says
Taiwan’s President hailed TSMC's massive investment in Arizona as the “best model” for efforts to build supply lines for chips that don’t rely on China.NBC News - 1d -
FirstFT: Nvidia to spend billions in US as it shifts chip supply chain from Asia
Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with MagaFinancial Times - 1d -
The blogger who was right about Nvidia is now panning a $25 billion AI company
Jeffrey Emanuel, known for turning Wall Street’s attention to the risk DeepSeek might pose to Nvidia, warns that CoreWeave’s IPO is way overvalued.MarketWatch - 1d -
European leaders push for even more defense spending — despite plans for $867 billion 'ReArm' package
"I think this is only the start," Lithuanian President Gitanas Nausėda told CNBC's Silvia Amaro on the EU's plans to boost defense spending.CNBC - 1d -
Glacier meltdown risks food and water supply of 2 billion people, says UN
Unesco report highlights ‘unprecedented’ glacier loss driven by climate crisis, threatening ecosystems, agriculture and water sources. Retreating glaciers threaten the food and water supply of 2 ...The Guardian - 1d -
Abu Dhabi's ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers
The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.CNBC - 17h -
Prison labor, an invisible workforce of the U.S. economy
Incarcerated workers produce $2 billion in goods and $9 billion in services every year. But not all of the incarcerated are paid for their labor, which can benefit people inside and outside a ...CBS News - Mar. 9 -
Hugging Face co-founder Thomas Wolf just challenged Anthropic CEO’s vision for AI’s future — and the $130 billion industry is taking notice
Hugging Face co-founder Thomas Wolf challenges Anthropic CEO Dario Amodei's "compressed 21st century" vision, arguing AI systems are building "yes-men on servers" rather than the revolutionary ...VentureBeat - Mar. 6 -
Alibaba’s new open source model QwQ-32B matches DeepSeek-R1 with way smaller compute requirements
While DeepSeek-R1 operates with 671 billion parameters, QwQ-32B achieves comparable performance with a much smaller footprint.VentureBeat - Mar. 5 -
Female founders in the U.S. VC ecosystem: the good and the bad | Pitchbook (updated)
Women founders and investors raised $38.8 billion in funding in the U.S. in 2024, up 27% from the year before, according to PitchBook.VentureBeat - Mar. 6 -
Trump Signs Order to Create a ‘Crypto Reserve’
The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.The New York Times - Mar. 9 -
Potential $7.4B Purdue Pharma opioid settlement frustrates some victims
Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.CBS News - Mar. 9 -
Cuts to Medicare, Medicaid Would Be ‘Catastrophic for Women’s Health,’ Says Chelsea Clinton
Republicans want to slash $880 billion from the agency overseeing Medicaid. There’s no way to do so without touching benefits.Inc. - Mar. 10 -
Social Security to increase overpayment withholdings to 100% from 10%
The clawback reversal would apply to new overpayments and will save $7 billion over 10 years.MarketWatch - Mar. 10 -
UN to rent Bangladesh property owned by former regime associate
Sobhan family under scrutiny amid efforts to claw back billions of dollars allegedly lost under Sheikh Hasina’s ruleFinancial Times - Mar. 11 -
Junior Bridgeman, NBA player-turned-billionaire businessman and Bucks minority owner, dies at 71
Bridgeman played more than a decade in the NBA before amassing a reported $1.4 billion in wealthCBS Sports - Mar. 12 -
Monopoly Go maker Scopely to acquire Niantic’s games business for $3.5B
Scopely has agreed to acquire Niantic's games business, which includes Pokémon Go, in a deal valued at $3.5 billion.VentureBeat - Mar. 12 -
Comcast expands partnership with Olympics, extends media rights through 2036
Comcast gained the rights to broadcast the Olympic Games through 2036 as part of a new $3 billion agreement with the International Olympic Committee.CNBC - Mar. 13 -
Taxpayers will suffer if Thames Water collapses, warns regulator
Ofwat says placing Thames under government control could end up costing taxpayers billions of pounds.BBC News - Mar. 13 -
NBC to broadcast Olympics in the U.S. through 2036
Comcast NBCUniversal signs deal with IOC for U.S. broadcast rights worth $3 billion.Yahoo Sports - Mar. 13 -
Trump and DOGE Create Anxiety but Opportunity for Federal Contractors
By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through government contracts.The New York Times - Mar. 14 -
Microsoft says ID@Xbox has paid $5B to date to indie game devs
Microsoft said that ID@Xbox indie gaming label has paid out $5 billion to date to independent game developers.VentureBeat - 3d -
Reeves to squeeze public spending further in Spring Statement
Billions of pounds of savings sought from Whitehall budgets to fill a hole in the public financesFinancial Times - 3d -
Why sportsbooks like FanDuel and DraftKings really need March Madness bettors to lose this year
March Madness numbers to know include $3.1 billion in wagers and nearly $5 million in earnings for one player.MarketWatch - 1d -
A Personal Finance Reporter Ponders His Own Climate Change Risk
A Times reporter co-wrote a guide to buying a home in an era of record heat, floods and billion-dollar disasters.The New York Times - 1d -
2025 Is Shaping Up to Be a Year of Self-Care. Call It the White Lotus Effect.
Wellness tourism has ballooned into a $259 billion industry just as consumers have more reason to check out.Inc. - 11h -
Secretive Future Fighter Jet Contract Goes to Boeing, Trump Says
The initial contract for the next-gen stealth fighter jet for the Air Force, known as NGAD, is worth around $20 billion.Inc. - 10h -
House votes to avoid government shutdown by passing temporary spending bill
The House of Representatives has passed a short-term funding bill to avert a government shutdown. The stopgap bill funds the government until Sept. 30. The measure increases defense spending by $6 ...CBS News - Mar. 11 -
Federal Grant Program Opens Door to Elon Musk’s Starlink
Under new rules from President Trump’s Commerce Department, a $42 billion high-speed internet effort will no longer favor fiber-optic cable.The New York Times - Mar. 6 -
Paramount says Trump's CBS '60 Minutes' lawsuit seeks to 'punish' network
Paramount on Thursday asked a federal judge in Texas to dismiss the $20-billion lawsuit. The media company separately has agreed to have a mediator look at the case.Los Angeles Times - Mar. 6 -
Figma in Talks With Bankers to Explore an I.P.O. This Year
The design tech company is exploring a public offering after regulators stymied its $20 billion sale to the software giant Adobe in 2023.The New York Times - Mar. 7 -
Claimant: Opioid victims not getting justice in proposed Purdue settlement
Here's why people alleging Purdue Pharma's opioids harmed them may not see much of the proposed $7.4 billion settlement in a bankruptcy case.CBS News - Mar. 9