Billion Richer Since

Labour loses 40% of council seats defended since UK general election

Party sought to hold on to 58 seats but lost 24 in by-elections, a ‘drastic’ decline, analysis shows

World - Financial Times - Yesterday

Japan's nuclear watchdog disqualifies a reactor for the first time since Fukushima disaster

Japan’s nuclear watchdog has formally disqualified a reactor in the country’s north-central region from starting

Tech - ABC News - Yesterday

New inflation data shows increase, days after election

Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation.

X sees largest user exodus since Musk takeover

Users are exploring alternatives like Bluesky and Threads.

U.S. inflation shows signs of improvement as prices stabilize since 2022

As inflation nears the government's two percent target, food prices continue to rise while energy costs decline. Jill Schlesinger explains what these changes mean for consumers.

New report reveals global diabetes rates have doubled since 1990

A new report shows global diabetes rates have doubled, rising from 7% in 1990 to 14% in 2022, with the largest increase seen in low and middle-income countries. CBS News medical contributor Dr. ...

Here are our top 5 performing stocks since October's Monthly Meeting

Donald Trump's presidential election victory and the Fed's policy decisions have been front and center since our last monthly gathering.

Business - CNBC - 12 hours ago

Drug overdoses set to drop to lowest levels since 2020: CDC

U.S. drug overdose deaths are on pace to fall to the lowest levels since 2020, according to new provisional data from the Centers for Disease Control and Prevention (CDC), a hopeful milestone amid ...

Politics - The Hill - 10 hours ago

Feds warn against bed rails, citing 18 deaths since 2021

U.S. Consumer Product Safety Commission issues urgent safety alert after ninth recall of adult bed rails in three years.

George says England have 'evolved' since World Cup

Captain Jamie George says England have "evolved" from the side beaten by South Africa in the World Cup semi-finals last year.

Reeves Faces Cabinet Unease Over £40 Billion Hunt for Budget

World - Yahoo News - October 16

Hurricane Milton’s insured losses could reach $50 billion, says Verisk

Data and technology company Verisk Analytics Inc. VRSK said Wednesday it estimates the insured losses to onshore property from Hurricane Milton could range from $30 billion to $50 billion.

Business - MarketWatch - October 16

Indonesia's $30 Billion Free Lunch Plan Hinges on Big Tax Revamp

World - Yahoo News - October 16

Federal Government Approves $1.8 Billion in Hurricane Recovery Funds

After two major storms, the Biden administration has set nearly $2 billion in hurricane recovery funds.

Business - Inc. - October 16

Helene, Milton losses expected to surpass "truly historic" $50 billion each

Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.

Lucid stock tumbles following public offering to raise $1.67 billion

Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."

Business - CNBC - October 17

U.S. forgives $4.5 billion in student debt for 60,000 public employees

The Biden administration's latest round of relief should have borrowers learning of their canceled debt in coming weeks.

Treasury Department now using AI to save taxpayers billions

The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars.

Boeing Has a $15 Billion Plan to Weather Company Turbulence

The planemaker wants to sell shares and a convertible bond to shore up its shaky finances.

Business - Inc. - October 17

Treasury Department uses AI to recover $1 billion in fraud

The Treasury Department is taking advantage of artificial intelligence (AI) to prevent or recover check fraud and stopped more than $1 billion in fraudulent payments over the past year, the agency ...

Politics - The Hill - October 17

Trump's plan to deport millions of immigrants would cost billions

Former President Donald Trump is doubling down on his promise to carry out the largest mass deportation effort in American history.

Intel seeks billions for minority stake in Altera business, sources say

This move that would represent a sharp about-face from its earlier public messaging about the larger company's prospects.

Business - CNBC - October 18

Intrum seeks U.S. bankruptcy protection to restructure $4.7 billion net debt

Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company ...

Sports - Yahoo Sports - October 18

Biden administration announces $2 billion in funds to strengthen electric grid

The Biden administration on Friday announced $2 billion in funding for projects to strengthen the resilience of the U.S. grid against extreme weather, an increasing concern following two ...

Politics - The Hill - October 18

Perplexity AI Hopes to Double Its Valuation to $8 Billion

The Jeff Bezos-backed AI company is looking to raise around $500 million in its new funding round.

Business - Inc. - October 20

Perplexity AI seeks valuation of about $9 billion in new funding round

Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.

Business - CNBC - October 21

UK Employment Reforms to Cost Firms Up to £4.5 Billion a Year

World - Yahoo News - October 21

Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

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