Latest in Billion Amid
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G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.The New York Times - Dec. 4 -
Johnson rejects Biden request for $24 billion on new Ukraine aid
House Speaker Mike Johnson on Wednesday rejected a White House request to pass $24 billion in additional aid for Ukraine by the end of the year, saying any further assistance for Kyiv would be ...The Hill - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
Ocasio-Cortez eyes Oversight bid amid Trump's return
Rep. Alexandria Ocasio-Cortez (D-N.Y.) is strongly considering a bid to become the top Democrat on the powerful Oversight and Accountability Committee, a pivotal seat that will play a prominent ...The Hill - Dec. 4 -
Global investigation exposes alleged billion-dollar Russian money-laundering network
UK and foreign law enforcement agencies say networks laundered cash and cryptocurrencies for organised crime gangs across the west. Operatives said to be behind a billion-dollar Russian ...The Guardian - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
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Writers Silenced by Stalin Get New Life Amid War in Ukraine
The Soviet regime killed a generation of literary artists in the 1930s. Their legacy is being reclaimed as Ukraine fights to preserve its cultural heritage.The New York Times - Dec. 4 -
Billion dollar squirrel: Trump effect fuels crypto’s ‘memecoin’ boom
Tokens based on online viral moments outpace bitcoin over past month but critics say they reflect market frothFinancial Times - Dec. 4 -
Kospi heavyweight stocks fall in volatile trade amid political chaos
South Korean heavyweight stocks fell in a volatile trading session Wednesday amid market jitters triggered by a political upheaval.CNBC - Dec. 4 -
North Carolina residents struggle with Hurricane Helene recovery amid cold weather
Several North Carolina counties opened warming shelters for people without heat access or who were displaced by Hurricane Helene last September. Some are enduring the cold while living in tents as ...CBS News - Dec. 3 -
Billion-dollar future: Dodgers deferred pay at $1B
New contracts for Blake Snell and Tommy Edman increased the Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028-46.ESPN - Dec. 3 -
Some Republican senators appear tepid on Hegseth amid new misconduct claims
Pete Hegseth, President-elect Donald Trump's pick for defense secretary, met with Republican senators Tuesday for the second day in a row amid news that GOP insiders pushed to remove him as the ...CBS News - Dec. 3 -
Gregg Wallace faces fresh allegations of inappropriate behaviour amid furore
It comes after two hour-long MasterChef Christmas specials were pulled from the BBC’s festive schedule.Yahoo Sports - Dec. 3 -
Amid Pro-Palestinian Protests, Turner Prize Goes to Jasleen Kaur
The artist, who has supported the protests against the Tate group of museums, won the prestigious British award for an installation that includes a car covered by a giant doily.The New York Times - Dec. 3 -
L.A. rethinking LeBron's 82-game goal amid slump
LeBron James' recent struggles have the Lakers rethinking the initial goal to have him play in all 82 regular-season games.ESPN - Dec. 3 -
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Amid Syria’s Rebel Offensive, a Geopolitical Cauldron Simmers
Iran and Russia, both stretched by conflicts of their own, have experienced setbacks in Syria after a rebel offensive in the northwest of the country.The New York Times - Dec. 3 -
Hegseth passing on meetings with moderate senators and Democrats amid misconduct allegations
President-elect Donald Trump's Cabinet choices have been making the rounds on Capitol Hill to meet with the senators who will vote for their confirmation, but defense secretary pick Pete Hegseth ...CBS News - Dec. 3 -
Why Israel and Hezbollah Are Still Firing Amid a Lebanon Cease-Fire
Some violations of the truce, and some amount of violence, are to be expected, analysts say, and do not necessarily mean the deal will collapse and war will resume anytime soon.The New York Times - Dec. 3 -
AT&T plans to plow $20 billion into buybacks in signal of business turnaround
AT&T’s stock is rising as the company will bring back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.MarketWatch - Dec. 3 -
Tuberville praises defense secretary pick Pete Hegseth amid misconduct allegations
Following his meeting Monday with Secretary of Defense nominee Pete Hegseth, Sen. Tommy Tuberville told reporters Hegseth would be "great" for the position.ABC News - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
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Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.CBS News - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
ServiceTitan’s planned IPO could come with a more than $5 billion valuation
The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.MarketWatch - Dec. 3 -
Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.
Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to ...The Wall Street Journal - Dec. 3 -
Real estate tycoon must pay $9 billion to avoid execution in Vietnam
A court in Vietnam upheld a death sentence for real estate tycoon Truong My Lan, rejecting her appeal in a $12 billion embezzlement and bribery case.NBC News - Dec. 3 -
Vietnamese tycoon faces scramble to raise billions to avoid death sentence
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country. The Vietnamese property tycoon Truong My Lan has lost her appeal against the death ...The Guardian - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
White House defends pardon of Hunter Biden amid backlash
Republicans and some Democrats have accused Joe Biden of damaging trust in the justice department.BBC News - Dec. 2 -
Global arms trade soars in 2023 amid deadly conflicts
The top 100 global arms producers increased weapons and military-related sales by 4.3 percent last year, according to new research, as nations react to a more volatile and dangerous geopolitical ...The Hill - Dec. 2 -
Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2
