Latest in Welfare Spending Billions
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Trump administration says it's cutting $60 billion in USAID foreign aid contracts
The Trump administration said it is eliminating more than 90% of the U.S.NBC News - Feb. 27 -
Stripe's valuation climbs to $91.5 billion in secondary stock offer
Stripe announced a tender offer on Thursday that values the company at close to its peak valuation from 2021.CNBC - Feb. 27 -
Trump’s Tariff Threats Revive Interest in $44 Billion Alaska L.N.G. Project
As the president pressures countries to buy more American energy, Asian officials and investors are reconsidering a hugely expensive plan stalled for decades.The New York Times - Feb. 27 -
Dell forecasts $15 billion of AI server sales this year
Dell said that it sold about $10 billion of AI-optimized servers in its fiscal 2025, and expects to sell about $15 billion in AI system sales this year.CNBC - 6d -
Trump cuts nearly $60 billion in foreign aid grants and contracts
For 60 years, the United States has believed that foreign aid in the form of international grants to provide food, medical care and other humanitarian aid would stabilize the chaotic world. In a ...CBS News - 6d -
Microsoft pulling the plug on Skype after buying it for $8.5 billion
Microsoft will soon switch off Skype, a pioneering telecom and video call platform that emerged from the rubble of the dotcom era.CBS News - 5d -
Trump administration approves nearly $3 billion arms sale to Israel
The arms sale approval comes as the first phase of the ceasefire between Israel and Hamas is set to expire on Saturday.CBS News - 5d -
Trump administration approves nearly $3 billion arms sale to Israel
The Trump administration approved a nearly $3 billion arms sale to Israel on Friday, bypassing the normal congressional review by declaring the war against Hamas an "emergency." The State ...NBC News - 5d -
Dead Athletes. Empty Stands. Billions to Keep Horse Racing Alive.
Let the sport of kings stand on its own.The New York Times - 4d -
Rubio Bypasses Congress to Send Israel $4 Billion in Arms
Secretary of State Marco Rubio’s emergency declaration calls for sending 2,000-pound bombs and other weapons to Israel as the war in Gaza continues.The New York Times - 3d -
Struggling With Errors, DOGE Deletes Billions More From List of Savings
For the second time in a week, Elon Musk’s government overhaul effort updated its “wall of receipts” to remove mistakes that inflated its success.The New York Times - 3d -
Trump announces Taiwanese chip giant's $100 billion investment in U.S.
President Trump announced that a leading Taiwanese semiconductor chip company plans to invest $100 billion in new manufacturing plants in the U.S.CBS News - 2d -
A.I. Start-Up Anthropic Closes Deal That Values It at $61.5 Billion
The announcement follows new fund-raising efforts from rivals like OpenAI, which is set to close a deal that values the company at $300 billion, and Elon Musk’s xAI.The New York Times - 2d -
Anthropic Raises $3.5 Billion, Boosted by Its Latest Claude AI Model
Anthropic’s fundraising success shows how a well-timed product launch can dazzle investors.Inc. - 2d -
Walgreens’ breakup looms as $10 billion sale to go private is reportedly in the works
Drugstore chain Walgreens Boots Alliance Inc. is closing in on a roughly $10 billion deal to sell itself to Sycamore Partners, a private-equity firm, which would then take Walgreens private and ...MarketWatch - 2d -
EU president aims for €800 billion of defense funding. How it would work.
European Union President Ursula von der Leyen on Tuesday proposed a funding program that she says could mobilize close to €800 billion ($844 billion) of defense spending.MarketWatch - 2d -
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CoreWeave and Anthropic make opposite money-raising moves as AI attracts billions
Nvidia-backed Coreweave files to go public, while Amazon-backed Athropic announces a private-market valuation of $61.5 billion.MarketWatch - 2d -
Honeywell beefs up energy security offerings with $2 billion Sundyne deal
Conglomerate adds pump-maker business to its Energy and Sustainability Solutions (ESS) unit.MarketWatch - 1d -
Norway’s oil fund to allocate billions to long-short equity hedge funds
Norges Bank Investment Management to give $250mn mandates to external managersFinancial Times - 1d -
How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers
The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all traced back to an account on a free digital storage service.The New York Times - 8h -
Taiwan President Defends TSMC’s $100 Billion U.S. Chip Investment
The Taiwanese chip giant TSMC’s plan to invest $100 billion in the United States has been met with anxiety and criticism in its home country.The New York Times - 6h -
Taiwan President Defends TSMC’s $100 Billion U.S. Chip Investment
The Taiwanese chip giant TSMC’s plan to invest $100 billion in the United States has been met with anxiety and criticism in its home country.The New York Times - 6h -
Supreme Court rejects Trump's push to freeze billions in foreign aid
The Trump administration suffered a legal setback after the Supreme Court on Wednesday rejected its request to keep nearly $2 billion in foreign aid frozen. The ruling was 5-4, with conservative ...NBC News - 5h -
How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers
The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all traced back to an account on a free digital storage service.The New York Times - 3h -
Don’t mention the war: in Germany, politicians are hiding the truth about defence spending | Paul Taylor
By centring the discourse on immigration, MPs have handed support to the far right – and hidden a ticking economic timebomb from voters. The candidates to lead Germany’s next government are ...The Guardian - Feb. 20 -
‘No more excuses’: Europe under pressure on defence spending three years after Russian invasion
Continent is being told to take more responsibility for its own defence in light of US president’s overtures to Putin. A few days after Vladimir Putin sent Russia’s invading forces into Ukraine in ...The Guardian - Feb. 24 -
EU spends more on Russian oil and gas than financial aid to Ukraine – report
Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...The Guardian - Feb. 24 -
Starmer defends slashing aid budget to raise defence spending to 2.5% of GDP - UK politics live
Keir Starmer says now is the time to deepen European security, as he announces new defence budget by 2027. The rightwing historian Niall Ferguson is in the audience for Badenoch’s speech, ...The Guardian - Feb. 25 -
Cava’s sales forecast misses estimates, but fast-casual chain says diners are spending more
Shares of Cava Group Inc. fell after hours on Tuesday after the Mediterranean fast-casual chain forecast full-year same-store sales that were below analysts’ expectations, following what some ...MarketWatch - Feb. 26 -
Amazon bets savings from automation can help fuel AI spending boom
US tech giant expected to spend as much as $25bn on warehouse automation in broader efficiency driveFinancial Times - Feb. 26 -
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.CNBC - Feb. 26 -
2025 NFL free agency: Biggest needs for every AFC team this offseason; how will Patriots, Raiders spend money?
Breaking down the biggest needs in the AFCCBS Sports - Feb. 26 -
U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
The threat of tariffs has led shoppers to tighten their purse strings.Inc. - 5d -
International aid is as vital as defence spending – cutting either undermines British security | Emily Darlington
When funding to support vulnerable countries is withdrawn, the risk of war and global destabilisation increases. National defence and international development are two sides of the same coin. Our ...The Guardian - 4d -
Trump rips McMaster: ‘We should spend less time worrying about Putin’
President Trump slammed H.R. McMaster after his former national security adviser said he is "being played" by Russian President Vladimir Putin, with Trump adding he believes “we should spend less ...The Hill - 3d -
US may exclude government spending from GDP, obscuring effect of Doge cuts
Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economy. US politics live – latest updates Howard Lutnick, the US commerce secretary, said on ...The Guardian - 3d -
The top 10% of Americans are propping up the economy. Here’s what will happen if they stop spending.
The wealthy are spending, but many consumers are pulling back — and the stock market is fragile.MarketWatch - 2d -
10-, 30-year yields rise as traders eye a military-spending boom in Germany
U.S. government debt mostly sold off on Tuesday, pushing 10- and 30-year yields higher for the first time in three sessions, as traders appeared to look past a tit-for-tat trade war and focused on ...MarketWatch - 1d
