Latest in Billion Investment Scams
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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 - 5d -
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 - 4d -
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 - 4d -
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 - 2d -
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 - 2d -
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 - 2d -
Does cutting welfare benefits work?
The government is to set out details of how it will save billions of pounds from the working welfare bill.BBC News - 1d -
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 - 1d -
Auto Legends adds $1M to its funding round in Coinbase Ventures deal
Auto Legends, a social drag racing Web3 game, has added $1 million in a strategic investment from Coinbase Ventures' Base Ecosystem Fund.VentureBeat - Mar. 6 -
Trish Costello is Harnessing the Financial Power of Women
Trish Costello is the founder and C.E.O. of Portfolia, a women-focused investment platform that is fueling health care innovations aimed at improving women’s lives.The New York Times - Mar. 7 -
Abrdn’s Rebrand Reversal and a History of Corporate Missteps
A British investment firm restored most of the vowels to its name after a widely ridiculed revamp that showed the pitfalls of trying to look cool in the digital age.The New York Times - Mar. 8 -
PGA Tour willing to 'integrate' aspects of LIV Golf without compromising 'exceptional' game, commissioner says
A deal between PGA Tour Enterprises and Saudi Arabia's Public Investment Fund appears closer than ever, though specifics remain outstandingCBS Sports - 4d -
Justin Thomas 'past the level of exhaustion' with PGA Tour-LIV Golf negotiations: 'I'm glad I don't know more'
PGA Tour commissioner Jay Monahan didn't have much of an update regarding the negotiations with Saudi Arabia's Public Investment Fund and Liv Golf on Tuesday.Yahoo Sports - 4d -
Man Utd CEO: New stadium poses 'risk' to team
Manchester United CEO Omar Berrada has admitted the club "risk" falling further behind their rivals while they invest in their new stadium.ESPN - 3d -
David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says
The White House memo revealed that AI and Crypto Czar David Sacks divested over $200 million in digital asset-related investments.CNBC - 1d -
The Rising Cost of Trump’s Chaos
Confusion over trade policy is a drag on the economy as businesses slow hiring and reduce investments. Four entrepreneurs explain exactly how they’re being hit.Inc. - 1d -
How Some Investors Are Protecting Their Money Amid Stock Market Woes
Some people are shifting their investment strategies as the stock market sours on President Trump, despite advice to maintain their savings and wait out the angst.The New York Times - 7h -
How Some Investors Are Protecting Their Money Amid Stock Market Woes
Some people are shifting their investment strategies as the stock market sours on President Trump, despite advice to maintain their savings and wait out the angst.The New York Times - 2h -
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 - 4d -
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 - 6d -
Trump’s Tariffs and the Backlash From Canada and Other Countries, Explained
After a fresh wave of tariffs from the United States, Canada and the European Union said they would impose billions in levies on U.S. goods.The New York Times - 3d -
iRobot’s Future in Doubt as Board Explores Options, Including a Potential Sale
A year after Amazon abandoned its plan to purchase iRobot for $1.4 billion, the Roomba-maker warns it may not be able to continue to operate.Inc. - 3d -
Rays not moving forward with new stadium plans
The Tampa Bay Rays will not proceed with the development of a $1.3 billion baseball stadium in St. Petersburg, Florida, principal owner Stuart Sternberg said.ESPN - 2d -
How climate change is threatening the maple syrup industry
Winter turning to spring marks the sweet season for maple syrup production. But climate change is threatening the $1.5 billion industry. David Schechter explains.CBS News - 2d -
Big Tech's big bet on nuclear power
Faced with increasing demand for energy to fuel artificial intelligence, and the need to cut down on carbon emissions, companies like Microsoft, Google and Amazon have announced major investments ...CBS News - Mar. 9 -
Big Tech's big bet on nuclear power to fuel artificial intelligence
Faced with the need to cut carbon emissions, and an increasing energy demand to power AI, companies like Microsoft, Google and Amazon are investing in nuclear, from restarting Three Mile Island, to ...CBS News - Mar. 9 -
Wall Street suffers ‘ugly’ sell-off amid US recession fears, as Musk’s Tesla falls 50% from all–time high – business live
Volatility soars and shares slide after Beijing imposes tariffs on imports of agricultural goods from America. Analysts at investment bank Jefferies remain optimistic about the prospects for the ...The Guardian - 5d -
Cracks are emerging in the idea of America's economic exceptionalism
The U.S. economy and equity markets may be underperforming this year due to a surge in policy uncertainty, a decline in consumer sentiments, a delay in business investment, and a gradual weakening ...The Hill - 5d -
Ubisoft Is "Horribly Managed," Investor Says, Report Claims EA And Microsoft Might Buy Franchises
Ubisoft is "horribly mismanaged" and has failed to inform the public about supposed conversations with Microsoft and EA regarding possible acquisition deals. That's according to the Ubisoft ...GameSpot - 4d -
Manchester United to meet Fenerbahce in June to work out a deal for Yusuf Akçiçek
Manchester United are very interested in Fenerbahce defender Yusuf Akçiçek and are expected to make an offer of around £10-15 million for the young centre-back in June.The Red Devils have invested ...Yahoo Sports - 1d -
In the battle for blockchain leadership, American innovation is the answer
China has been investing heavily in blockchain technology, but the U.S. has the capacity to outcompete them and should continue to develop responsible regulations for blockchain to maintain its ...The Hill - 1d -
Brad Biggs: ‘Unlimited money’? No, but Bears have division rivals’ attention with offseason roster rebuild.
CHICAGO — The Chicago Bears aren’t the only NFC North team that invested in the line of scrimmage during a whirlwind start to the NFL’s new year. They’re just the team that has done the most work ...Yahoo Sports - 7h -
Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation
Steve Bannon said the Department of Government Efficiency (DOGE) should adjust their goal of cutting trillions of dollars in federal waste and lower the proposed amount to the billion dollar ...The Hill - Mar. 8 -
Karl Rove: Trump claims of DOGE 'fraud' discoveries will backfire
Republican strategist Karl Rove said President Trump’s claims that the Department of Government Efficiency (DOGE) has discovered “hundreds of billions” in government “fraud” will backfire when ...The Hill - 5d -
Tesla’s stock has lost its ‘Trump bump.’ Here’s the latest bad news.
Tesla’s stock is sinking after another month of bad China sales. Elon Musk has now lost about $7 billion in his stake since the election.MarketWatch - 5d -
SpaceX rocket carrying NASA's newest space telescope launches from California
The $488 million Spherex mission aims to explain how galaxies formed and evolved over billions of years, and how the universe expanded so fast in its first moments.CBS News - 4d -
Trump, Musk fuel fears of Social Security cuts with 'fraud' talk
President Trump and his billionaire adviser Elon Musk are ratcheting up false rhetoric about Social Security, repeatedly claiming the program wastes hundreds of billions of dollars in fraudulent ...The Hill - 4d