Multi Billion Dollar

Another Trump presidency could be a boon for the dollar — but some expect a bumpy ride

President-elect Donald Trump’s victory in the November U.S. presidential election has helped revive Wall Street’s faith in “king dollar.”

Business - MarketWatch - November 12

Inside Goldman Sachs’ years-long power struggle over its China venture

A deal with a prominent Chinese banker gave the US group market access, but securing full control cost a lot more than it expected

Business - Financial Times - November 14

China borrows almost as cheaply as US in return to dollar bond market

Investors place nearly $40bn of orders to buy $2bn of bonds issued by China’s finance ministry

Business - Financial Times - November 14

A surging U.S. dollar is hammering emerging-market stocks and metals. Watch out.

The U.S. dollar remains an unabashed beneficiary of Donald Trump’s presidential election win — and it’s relentless rise is causing significant pain for some emerging-market assets and commodities.

Business - MarketWatch - November 15

The Dollar Still Has Its Mojo. X, Not So Much.

Ruining a network is hard, but Elon Musk shows it’s possible.

Top stories - The New York Times - 5 days ago

Magritte, Master of Surrealism, Joins the $100 Million Dollar Club

Move over, Picasso, van Gogh and Warhol. With an inscrutable painting, the Belgian painter breaks a nine-figure threshold at Christie’s fall auction.

Top stories - The New York Times - 4 days ago

Euro-dollar parity is back in focus as Trump win sparks trade jitters

The euro last traded at $1 and below in 2022, but fresh developments have put parity back on the agenda.

Business - CNBC - 3 days ago

Walmart thrives and Target struggles as shoppers prioritize basics and bargains

Big retailers’ fortunes are diverging ahead of the holiday shopping season, with consumers proving to be choosy spenders in the run-up to Black Friday and Cyber Monday.

Is China a 'Developing' Country? That's the Trillion-Dollar Question at U.N. Climate Talks

Officials from developed and developing countries agree that more than $1 trillion a year is needed to finance poorer nations’ response to climate change—but not on who should pay up.

World - The Wall Street Journal - 2 days ago

Supreme Court allows multibillion-dollar class action to proceed against Meta

The Supreme Court is allowing a multibillion-dollar class action investors’ lawsuit to proceed against Facebook parent Meta stemming from the privacy scandal involving the Cambridge Analytica ...

Tech - ABC News - Yesterday

Strong dollar set to hit emerging market bonds, warn investors

EM debt funds suffer outflows as hopes of rate cuts by developing nations fade

World - Financial Times - Yesterday

MicroStrategy buys $2 billion in bitcoin in 10 days. Is there $42 billion to go?

Shares of MicroStrategy Inc. entered record territory Monday for the first time in 24 years, as the self-proclaimed largest corporate holder of bitcoin continued to ride the postelection frenzy in ...

Business - MarketWatch - November 11

Billions of levelling-up cash in limbo

Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

Waymo Raises $5.6 Billion From Outside Investors

Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.

Business - The New York Times - October 28

Biden announces $3 billion investment in U.S. ports

President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.

Alphabet Revenue Jumps 15% to $88.3 Billion

The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.

Tech - The New York Times - October 29

UEFA pledges $1 billion to grow women's soccer

UEFA pledged Wednesday to steer €1 billion ($1.08 billion) toward all levels of women's soccer over the next six years as part of a comprehensive strategy to grow the game in Europe.

Sports - ESPN - October 30

Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion

The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.

Tech - The New York Times - October 30

Siemens to Buy Altair in $10.6 Billion Equity Deal

The German industrial giant is acquiring software and technology company Altair, a deal that will increase Siemens’s digital business revenue.

Business - The Wall Street Journal - October 30

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.

Business - The New York Times - October 31

Kroger Finalizes $1.37 Billion Opioid Crisis Settlement

Kroger finalized a $1.37 billion settlement in connection with the grocery chain’s role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said.

Business - The Wall Street Journal - November 4

U.K. government cuts NatWest stake by £1 billion

The British government on Monday said it further trimmed its crisis-era investment in U.K. bank NatWest.