Latest in Destroyed Billion
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The state intervention that’s not destroying trade
Governments are experimenting with industrial policy but tariffs are staying lowFinancial Times - 1h -
Zalando to Bid $1.3 Billion for About You
Zalando plans to submit an offer to buy About You in a move to expand its offering in the European e-commerce fashion market.The Wall Street Journal - 22h -
Climate Change Is Destroying Monarch Butterflies’ Winter Habitat
During their passage through Mexico, monarch butterflies depend on the shelter of endangered trees—so this scientist is leading a huge experiment to build them a new winter habitat.Wired - 1d -
Malibu Fire Reminds Residents of the Perils of Living in Paradise
Flames threatened residential areas and forced thousands to flee, as firefighters fought to contain the Franklin fire.The New York Times - 5h -
Israel Says It Destroyed Syria’s Navy, Part of Wave of Post-Assad Attacks
Israel says it is striking Syrian military sites to keep them out of “the hands of extremists.” The rebels who toppled the Assad government began laying out their plans while rival groups fought ...The New York Times - 19h -
Dick Van Dyke and Cher among thousands fleeing Malibu wildfire
The Franklin wildfire has burned over 3,000 acres in the celebrity coastal enclave of Malibu.BBC News - 1d -
Fire blows up in Southern California, destroying homes and forcing thousands to evacuate
A wildfire fueled by strong Santa Ana winds blew up in Malibu in Southern California, damaging homes and forcing thousands of residents to evacuate. The fire also threatened Pepperdine University. ...NBC News - 1d -
Israel says it has carried out almost 500 airstrikes in Syria; HTS leader says world ‘has nothing to fear’ – Middle East crisis live
IDF says strikes were targeting weapons stockpiles and strategic infrastructure over past 48 hours; Ahmed al-Sharaa attempts to reassure foreign nations in TV interview. Share your reaction to ...The Guardian - 1d -
Without proof, top Trump adviser accuses January 6 committee of destroying evidence – live
Jason Miller accuses bipartisan January 6 committee of destroying evidence but does not present any evidence to support claim. Rightwing figures on social media are celebrating news that Daniel ...The Guardian - 2d -
Arthur J. Gallagher to Acquire AssuredPartners for $13.45 Billion
Arthur J. Gallagher said that buying the insurance broker would expand its retail middle-market property and casualty focus across the U.S.The Wall Street Journal - 2d -
Returns are an $890 billion problem for retailers
Holiday shopping is expected to reach record levels this year.NBC News - 3d -
Former national security adviser: 'Until Hamas is destroyed,' there can't be 'better life for the Palestinians'
Former national security adviser H.R. McMaster argued that the ongoing conflict in Gaza will continue and life for Palestinians cannot improve “until Hamas is destroyed.” McMaster joined “Fox News ...The Hill - 3d -
Explosion destroys apartments in Dutch city, killing at least 3 people
The cause of the disaster is unclear but police said a car drove away from the scene "at very high speed" shortly after.CBS News - 4d -
‘It brings back a sense of belonging’: Bakhmut was destroyed by Russia – but the town lives on through its newspaper
Vpered, saved from destruction by intrepid editor Svitlana Ovcharenko, still gives hope and voice to a community in Ukraine. Before Bakhmut became famous internationally as a battleground , it was ...The Guardian - 4d -
Retail returns: An $890 billion problem
As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.CNBC - 4d -
The A’s Near Agreement for $1.75 Billion Las Vegas Stadium
A groundbreaking on the new A’s stadium is likely by the 2028 season.Inc. - 6d -
He Was Going to Save Intel. He Destroyed $150 Billion of Value Instead.
Pat Gelsinger was one of the chip pioneer’s true believers. After his rescue strategy failed, the board lost confidence in him. How does this iconic American company survive?The Wall Street Journal - 6d -
South Korean President Yoon "destroyed his reputation," says international relations professor
South Korea's President Yoon Suk Yeol is under pressure to step down or face impeachment after briefly declaring martial law. The move drew protests and intense backlash. Robert Kelly, professor of ...CBS News - Dec. 4 -
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.The Wall Street Journal - Dec. 4 -
Major war could destroy army in six months, minister warns
The defence minister said Russia was suffering 1,500 casualties a day in its conflict with Ukraine.BBC News - Dec. 4 -
FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup
An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands.The New York Times - Dec. 4 -
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 -
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 -
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 -
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 -
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 -
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
