Billionaires Business Interests

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 - 5 hours ago

Billionaire founder of Raising Cane's Chicken Fingers: One 'stupid' strategy nearly cost me my business

"My dream almost just went away," recalls Raising Cane's Chicken Fingers founder Todd Graves, after he made this financial mistake while getting started.

Business - CNBC - October 12

Elon Musk’s Big Business and Conflicts of Interest With the U.S. Government

Mr. Musk, who holds billions in federal contracts, wants to be in charge of the regulators that oversee him if Donald Trump wins.

Tech - The New York Times - October 21

Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live

Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...

World - The Guardian - October 15

Odds of November interest rate cut jump as UK inflation drops to 1.7% – business live

UK inflation drops below 2% target in September , weakening pound and raising chances of an interest rate cut in November. Today’s report shows that prices in the UK are rising a little slower than ...

World - The Guardian - October 16

ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – business live

Rolling coverage of the latest economic and financial news. Newsflash: Inflation across the eurozone fell by more than initially thought last month, which may cement the chances of interest rate ...

World - The Guardian - October 17

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...

World - The Guardian - October 21

Steve Ballmer on becoming one of the world's richest billionaires

LA Clippers owner and former Microsoft CEO Steve Ballmer, has seen his net worth soar north of $120 billion.

China loses third of its billionaires as economy falters

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

World - Financial Times - 2 days ago

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 - Yesterday

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 - 5 hours ago

Where interest rates are heading

The neutral ‘R-star’ level will be higher but the more notable change will be a steepening of the bond yield curve

World - Financial Times - October 14

Elon Musk battles Indian billionaires over satellite internet spectrum

Starlink head in spat with owners of Reliance Jio and Bharti Airtel mobile networks who call for space bandwidth auctions

World - Financial Times - October 16

Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million

Gores is buying in at an enterprise value of $4 billion, more than a 30% discount to the team's value of $5.83 billion, according to CNBC's 2024 rankings.

Business - CNBC - October 17

Billionaire investor says market is 'very convinced' of Trump victory

Billionaire investor Stanley Druckenmiller said Wednesday that the market is “very convinced” of an election victory for former President Trump. “I must say, in the last 12 days, the market and the ...

Politics - The Hill - October 17

Battle of the billionaires: Harris deploys Mark Cuban as Elon Musk stumps for Trump

As Elon Musk steps up his work on behalf of former President Donald Trump, Kamala Harris is calling in her own billionaire, Mark Cuban.

Politics - NBC News - October 17

How Silicon Valley Billionaires Became Trump’s Biggest Donors

Elon Musk and a group of Silicon Valley allies have built a shadow campaign to put Donald Trump back in office.

Top stories - The New York Times - October 18

Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers

David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing.

Business - The New York Times - October 22

Legal concerns over billionaire Elon Musk PAC giveaway to support Trump

A campaign tactic by Donald Trump ally Elon Musk is raising new legal concerns. The billionaire is offering a big cash prize to battleground state voters who sign a petition for his Trump super ...

Another billionaire investor positions for a Trump win. He’s placing ‘inflation trades.’

Legendary investor Paul Tudor Jones said Tuesday he’s moved his portfolio in the direction of a victory by Donald Trump in the Nov. 5 presidential election, but warned of a potential reckoning over ...

Business - MarketWatch - October 23

Musk v Ambani: Billionaires battle over India's satellite internet

Musk's Starlink and Mukesh Ambani are preparing to face off in India’s satellite broadband market.

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 - 6 days ago

‘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 - 5 days ago

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 - 4 days ago

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 - 4 days ago

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 - Yesterday

Business takes centre stage

Plus, earnings season peaks, Nike’s new boss begins, Tokyo Metro IPO pricing unveiled and Labour woos UK investment

World - Financial Times - October 13

Western business, the Kremlin and the war

This collection of articles explores the fallout of the war in Ukraine on Western companies operating in Russia

World - Financial Times - October 15

American interest rates need to rise

Lessons for the US from the Brazilian canary in the coal mine