Billionaires Benefit

How billionaires could benefit from Trump's second term

Billionaires backed President-elect Donald Trump's bid to get back in the White House, but now that the deal is done, what could they get in return? CBS News investigative reporter Dan Klaidman ...

Billionaires see the stakes of election

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Billionaires with business interests riding on election For billionaires who have ...

Politics - The Hill - October 31

Pope highlights benefits of migration

World - Yahoo News - October 28

China loses third of its billionaires as economy falters

ByteDance chief Zhang Yiming leads country’s ‘rich list’ with $49bn fortune

World - Financial Times - October 29

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - October 30

An excess of billionaires is destabilising politics – just as academics predicted

Politicians have always courted the wealthy, but Elon Musk and co represent a new kind of donor, and an unprecedented danger to democracy. The concept of “elite overproduction” was developed by ...

World - The Guardian - October 31

Billionaires have business interests hinging on election outcome

Billionaires who have funneled tens of millions of dollars into the 2024 election or who have made key decisions affecting the race have a lot riding on the outcome. Two of the biggest names to get ...

Politics - The Hill - October 31

Gautam Adani charged in US over alleged $250mn bribery scheme

Prosecutors accuse tycoon and others of lying to investors and offering millions in bribes to land lucrative contracts

World - Financial Times - 21 hours ago

US charges Indian billionaire Adani over alleged $250m bribery scheme

The Adani Group has denied the allegations of bribery and fraud, calling them "baseless".

The Unexpected Benefits of Procrastination: A Deeper Dive

The conventional wisdom is that procrastination is something that should be avoided at all costs. I disagree.

Business - Inc. - October 27

Child benefit reform plans scrapped

A planned move to a system where claims are based on household income, rather than an individual's, will not go ahead.

United Way and Paramount to air benefit for hurricane relief

United Way Worldwide and Paramount Global have announced they will host a benefit to raise funds for those impacted by Hurricanes Helene and Milton

Entertainment - ABC News - October 30

United Way and Paramount to Air Hurricane Relief Benefit

The program will air on CBS Television and CMT at 8 p.m. ET.

Business - Inc. - October 30

Housing benefit payments to be frozen next year

Labour has confirmed rates will stay the same next year, after several freezes over the past decade.

4 Affordable Benefits That Move the Needle for Employees

Offering good benefits doesn’t need to break the bank.

Business - Inc. - November 1

Mothers challenge government over child benefit cap

A charity supporting the women say the Universal Credit policy is "discriminatory and irrational".

Trump’s victory will benefit Elon Musk and xAI

Now that Musk helped propel Trump to a victory, expect xAI to join in the list of federally approved AI vendors and possibly even preferred AI vendors.

Tech - VentureBeat - November 6

These are the job benefits American workers really want

A few years ago, U.S. workers were spoiled with perks in the office, particularly if they worked in tech or for a big bank. From dedicated coffee areas to fully-catered meals for breakfast, lunch ...

Politics - The Hill - 6 days ago

Social Security bill to expand benefits is in the hands of the Senate

The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out.

Democrats rip Musk as billionaire takes leading role in Trump campaign

Billionaire tech magnate Elon Musk is drawing attacks from top Democrats and concern from election watchdogs as he barnstorms for former President Trump in a crucial swing state. Over the past ...

Politics - The Hill - October 25

‘Anticipatory obedience’: newspapers’ refusal to endorse shines light on billionaire owners’ motives

The Los Angeles Times and the Washington Post both declined to endorse a candidate – a sign of political media capture. When two American billionaires blocked the newspapers they own from endorsing ...

World - The Guardian - October 26

Battle of the billionaires: the mega rich spending to swing the US election

A small number of big spenders are having an outsize effect on fundraising in the 2024 presidential vote

World - Financial Times - October 27

Who is Bidzina Ivanishvili, the shadowy billionaire behind Georgia’s pivot to Russia?

Country’s wealthiest and most influential figure has guided shift away from the west while cultivating an air of mystery. In the winding streets of ancient Tbilisi, one is ever under his watchful ...

World - The Guardian - October 27

The Washington Post is a reminder of the dangers of billionaire ownership | Siva Vaidhyanathan

In blocking the newspaper from endorsing Kamala Harris, Jeff Bezos is not acting cowardly so much as slyly. Last week the Washington Post refrained from endorsing a candidate in the presidential ...

World - The Guardian - October 29

Steve Ballmer: the tech billionaire asking if voters want ‘just the facts’

Former Microsoft boss seeks to build better democracy with data

World - Financial Times - November 2

Revealed: billionaires are ‘ultimate beneficiaries’ linked to €3bn of EU farming subsidies

Thousands of small farms have closed according to analysis of official but opaque data from EU member states. ‘We didn’t realise how hard it is’: small farmers in Europe struggle to get by The ...

World - The Guardian - November 3

Australian billionaire Ellison to leave miner over ‘profoundly disappointing’ conduct

Mineral Resources shares fall 10% after board concludes founder used company resources for personal benefit

World - Financial Times - November 4

A Russian reprieve for JPMorgan?

Trump victory puts a twist in the tale of Moscow vs America’s biggest bank

World - Financial Times - November 7

Was the Polymarket Trump whale smart or lucky?

Know thy neighbour, not thy trader

World - Financial Times - November 7

For billionaire Mark Cuban, luxury real estate in a prime location trumps politics

Though the ‘Shark Tank’ star and entrepreneur has been a vocal critic of Donald Trump, he still hangs on to his lux N.Y. condo in the Trump tower.

Business - MarketWatch - November 11

Olav Thon, billionaire Norwegian real estate developer, dead at 101

Olav Thon, a billionaire entrepreneur recognizable for his bright red cap who went from selling leather and fox hides in his youth to build one of Norway’s biggest real estate empires, has died

World - ABC News - 5 days ago

Be brave and impose minimum tax on world’s billionaires, urges Spanish minister

Carlos Cuerpo calls on G20 leaders to act and says election results show citizens want redistribution of wealth. Spain’s economy minister has urged the world’s richest countries to “be brave” and ...

World - The Guardian - 3 days ago

Gautam Adani takes on plan to redevelop Mumbai’s biggest slum

Locals and opposition parties denounce tycoon’s bid to rehouse 1mn people in crowded part of India’s financial capital

World - Financial Times - Yesterday

Billionaire Poonawallas buy £42mn Mayfair property despite non-dom fears

Purchase of block on upmarket Grosvenor Square comes ahead of tax changes for wealthy international investors

Business - Financial Times - Yesterday

Walmart hits new highs and Target dives after earnings as rivals diverge even more

Both discounters are contending with price-conscious shoppers, but Walmart reported improving trends with discretionary merchandise.

Business - CNBC - Yesterday

Comcast's cable network spinoff may be a signal to the media industry for necessary change

Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary.