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China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - 2 hours ago -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.Business - The New York Times - 6 hours ago -
Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.Business - CNBC - October 30 -
Kroger to pay nearly $1.4 billion to settle opioid lawsuit claims
Supermarket chain Kroger has finalized a nearly $1.4 billion agreement to settle the majority of the claims made by states, counties and Native American tribes that accused the company of helping ...Politics - The Hill - 3 days ago -
Inside AI’s $1 Trillion Cash Bonfire
Generative AI companies have spent a fortune still searching for a killer app.Business - Inc. - October 14 -
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Business - CNBC - October 18 -
Nvidia closes at record as AI chipmaker's market cap tops $3.4 trillion
Nvidia shares closed at an all-time high on Monday as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.Business - CNBC - October 14 -
At $1 trillion, Biden-Harris the most wasteful administration ever
The Biden-Harris administration has wasted more money than any other administration in modern history, with $1 trillion wasted on improper payments, and an additional $7.65 trillion in deficit ...Politics - The Hill - October 15 -
Trump Brags About His Math Skills and Economic Plans. Experts Say Both Are Shaky.
In a combative interview, the former president hinted at even higher tariffs as an economic magic bullet.Business - The New York Times - October 15 -
Chip industry faces talent shortage as revenues head to $1 trillion | Deloitte
Deloitte says the chip industry will hit $1T in 2030, but a huge talent shortage looms across the entire world.Tech - VentureBeat - October 15 -
The Quarter-Trillion-Dollar Rush to Get Money Out of China
Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.World - The Wall Street Journal - October 23 -
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Business - CNBC - October 23 -
Trump, Harris tax-break costs soar to more than $12 trillion
Vice President Kamala Harris and former President Donald Trump have been proposing a slew of new tax cuts and credits over the course of their campaigns, and are even adding to the list in the ...Business - MarketWatch - October 29 -
Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - 5 days ago -
War is but one path to the Iron Throne: Iconic 'Game of Thrones' chair sells for $1.4 million
An Iron Throne from 'Game of Thrones' sells at auction, along with hundreds of other items from the epic HBO series. The entire haul fetches $21 million.Entertainment - Los Angeles Times - October 14 -
NFL owners approve Jacksonville's $1.4 billion 'stadium of the future' set to open in 2028
NFL owners have unanimously approved Jacksonville’s $1_4 billion “stadium of the future."Sports - ABC News - October 15 -
The Economist announces support for Harris
The Economist announced Thursday that the outlet is backing Vice President Harris over former President Trump in the upcoming election, now less than a week away. “While some newspapers refused to ...Politics - The Hill - October 31 -
Biden's granddaughter announces pregnancy
President Biden’s granddaughter Naomi Biden announced on Election Day that she is expecting her first child. In an Instagram story on Tuesday, the president’s eldest grandchild posted a photo of ...Politics - The Hill - 2 days ago -
Junk-rated companies face record refinancing needs above $2 trillion through 2029, Moody’s says
Barring an economic slowdown, market conditions are still favorable, with interest rates expected to continue to come down and investors expected to be receptive to credit marketsBusiness - MarketWatch - October 14 -
Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.
The combined cost in new debt of former President Donald Trump’s and Vice President Kamala Harris’s tax and spending proposals would dwarf those put forward in previous election cycles, according ...Business - MarketWatch - October 18 -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
Tesla hits $1 trillion market cap as stock rallies after Trump win
Shares of Tesla climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker's market cap past $1 trillion for the first time.Business - CNBC - 8 minutes ago -
Conor McGregor's many retirement announcements
As he talks once more about not fighting again, fans have become accustomed to McGregor saying farewell.Sports - ESPN - October 29 -
William announces Earthshot Prize winners
Fifteen finalists, from countries including Kenya, Indonesia, the UK and Nepal, were competing for £1m funding for their environmental initiatives.Top stories - BBC News - Yesterday -
Biden announces $600 million for Florida hurricane relief
President Biden traveled to Florida on Sunday, where he announced more than $600 million in aid to help recovery efforts from hurricanes Helene and Milton. Mr. Biden has asked Congress to return ...Top stories - CBS News - October 13 -
Nobel economics prize is awarded for research into why countries succeed or fail
The Nobel memorial prize in economics has been awarded to three U.S.-based academics for research into why societies with poor rule of law and exploitative institutions do not generate sustainable ...World - ABC News - October 14 -
Inquiry announced after carers forced to repay benefits
Some carers had to pay back thousands of pounds to the government, pushing them into financial distress.Top stories - BBC News - October 16 -
FTC announces rule to make it easier to cancel subscriptions
The Federal Trade Commission is taking steps to make it easier for consumers to cancel digital subscriptions. The department will soon implement a "final click to cancel rule," it announced ...Politics - The Hill - October 16 -
Biden Announces $425 Million in Aid to Ukraine
President Biden spoke by telephone to President Volodymyr Zelensky of Ukraine about the security package, which includes munitions, armored vehicles and other weapons.Top stories - The New York Times - October 16 -
Taylor Swift Just Made an Announcement and It’s Sheer Genius
The Eras tour is finally ending. But Swift has one more project to delight her fans.Business - Inc. - October 17 -
Sam Fender announces UK and European tour
The singer-songwriter announces his People Watching tour, which hits the road in in December.Top stories - BBC News - October 18 -
Disney announces when it will replace CEO Bob Iger
Disney is clarifying its timeline for naming Bob Iger's successor, while also bringing in Morgan Stanley's ex-CEO as board chair.Top stories - CBS News - October 21 -
What Germany’s new naval base means for Baltic security
Also in this newsletter: the UK joins the EU in committing to the G7 loan to UkraineWorld - Financial Times - October 22 -
Badminton and hockey miss out as Commonwealth Games sports confirmed
The scaled-down games will feature 10 sports across four venues between 23 July and 2 August 2026.Top stories - BBC News - October 22