Billionaires' wealth skyrocketing, anti-poverty group says ahead of Davos
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AI is the hot topic at Davos this year — here's what the top CEOs are saying
At the World Economic Forum's annual gathering in Davos, AI is the word that's been on every major corporate leader's lips. Here's what they're saying.CNBC - 1h -
Space stocks skyrocket after Trump vows to ‘pursue our manifest destiny into the stars’
Trump thrust a spotlight on the future of American space exploration during his inauguration speech Monday.MarketWatch - 8h -
Hamas Official Says Group Is Ready for ‘Dialogue With America’
In a rare move hours after the cease-fire took effect, one senior Hamas official said the group wants to engage the new Trump administration.The New York Times - 1d -
Trump Will Take Office as a Crypto Billionaire
The Trump family’s new crypto tokens, which went on sale over the weekend, have soared in value — along with crypto markets in general.The New York Times - 1d -
Big Banks Quit Climate Change Groups Ahead of Trump’s Term
Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure.The New York Times - 1d -
There’s little to keep the stock market down as retiring boomers share their wealth
Market strategist Ed Yardeni: Expect the S&P 500 to hit 7,000 this year and 8,000 in 2026MarketWatch - 15h -
Saudi wealth fund ramps up efforts to tap ETF investors
Public Investment Fund stumps up $200mn as seed investor in SSGA’s Europe-listed bond fund in support of Vision 2030Financial Times - 1d -
State Dept staff shakeup accelerated ahead of Trump's inauguration, 2 sources say
At least 20 State Department officials were told to resign from leadership roles before Trump took office, two sources said.CBS News - 1d -
Tech billionaires attend inauguration church service
Top tech billionaires including some who were critics of Trump during his first term flock to his inaugural celebrations.BBC News - 1d -
China says it brokered a ceasefire between Myanmar army and an ethnic rebel group
China says it has brokered a ceasefire between Myanmar’s military government and a major ethnic rebel group in the country’s northeastABC News - 1d -
Bannon says tech billionaires have 'surrendered' to Trump
Former Trump chief strategist Steve Bannon said tech billionaires attendance at Trump's inauguration is a sign of their "official surrender" to Trump.ABC News - 1d -
The Assist That Made Magic Johnson a Billionaire
He might even be a better entrepreneur than he was a basketball player, if that’s possible.Inc. - 1d -
Wealth of world’s billionaires grew by $2tn in 2024, report finds
Rate of wealth growth last year was three times faster than 2023, Oxfam inequality research reveals. The wealth of the world’s billionaires grew by $2tn (£1.64tn) in 2024, three times faster than ...The Guardian - 1d -
World could soon see its first trillionaires, Oxfam says, as billionaire wealth surges
Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.NBC News - 2d -
Myanmar airstrike on detention camp kills dozens, armed opposition group says
Those killed in attack on camp for relatives of junta soldiers in Rakhine state were women and children, Arakan Army says. A Myanmar junta airstrike has killed 28 people, including children, and ...The Guardian - 2d -
Anti-poverty group says billionaires' wealth soared in 2024 as the elites prepare for another Davos
Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990ABC News - 2d -
Davos is appealing for ‘collaboration in the intelligent age’. Good luck with that
The annual gathering of the globally minded is looking forlorn in the light of Trump 2.0 and trade rows. This year’s week-long gabfest in the Alpine resort of Davos, which kicks off on Monday, will ...The Guardian - 2d -
A Vibe Shift at Davos
For years, C.E.O.s have used the annual gathering at the World Economic Forum to emphasize commitments to D.E.I., E.S.G. and globalization. Now the politics have changed.The New York Times - 3d -
Billionaires and their cash head to Washington for Trump’s inauguration
CEOs are lining up for a swearing-in ceremony that is expected to smash fundraising recordsFinancial Times - 3d -
World Economic Forum: Behind the Scenes at Davos
Planning and managing the World Economic Forum’s annual meeting is a huge task, and the work for next year’s event will begin as soon as this one ends.The New York Times - 4d -
Florida hotel discriminated against Arab American group, DOJ says
The Florida hotel canceled a summit held by the Arab America Foundation almost a month after the Hamas attack on Israel on Oct. 7, 2023.CBS News - 4d -
The Guardian view on Biden’s warning of oligarchy: Trump and the malefactors of wealth | Editorial
The outgoing president was right, in his farewell address, to warn of the dangers posed by the billionaires around the table. . Aristocrats are “the most difficult Animals to manage, of anything in ...The Guardian - 5d -
At Davos, Trump will face a less friendly brand of billionaire – but their dominance is waning | Larry Elliott
These high priests of globalisation are facing the fact that Trump’s tariffs are part of a global shift to protectionism. Hollywood would struggle to come up with a better plot. On Monday, as ...The Guardian - 5d -
Women held keys to land and wealth in Celtic Britain
DNA analysis suggests Iron Age societies in Britain were built around women rather than men.BBC News - 6d -
Biden says "I have given my heart and my soul to our nation" ahead of farewell address
President Biden is addressing the nation from the Oval Office at 8 p.m.CBS News - 6d -
Billionaire Issa brothers’ EG Group readies $13bn US IPO
Private equity-backed petrol station business expected to list as early as this yearFinancial Times - Jan. 12 -
Jamie Dimon on the economy, billionaires, and income inequality
The chairman and CEO of JPMorgan Chase explains why he's referred to cryptocurrencies like Bitcoin as a Ponzi scheme; his bank's efforts to improve the lives of lower-income Americans; and his ...CBS News - Jan. 12 -
Myanmar army airstrike in Rakhine state kills about 40 people, says opposition group
Hundreds of homes were burned in Kyauk Ni Maw village in the aerial attack on Rakhine state, says Arakan Army says. An airstrike by Myanmar’s army on a village under the control of an armed ethnic ...The Guardian - Jan. 10 -
Billionaire Frank McCourt's Project Liberty bids for TikTok ahead of Supreme Court arguments
The internet advocacy group's proposed purchase would bring TikTok under American ownership and prevent it from being banned in the U.S.CNBC - Jan. 9 -
Fubo’s stock skyrockets as Disney Hulu + Live TV deal creates YouTube TV rival
Shares of FuboTV Inc. skyrocketed Monday after the company announced a deal to combine Walt Disney Co.’s Hulu + Live TV service with Fubo.MarketWatch - Jan. 7 -
Chewy is entering ‘beast mode,’ with more than 50% upside ahead, says analyst
Chewy Inc. is well-positioned for a strong 2025, according to Mizuho Securities, which has upgraded the online retailer of pet products to outperform.MarketWatch - Jan. 6 -
Maga vs the billionaires
Trump’s fragile coalition is already splintering over immigrationFinancial Times - Jan. 6 -
This money bias is 'the biggest barrier to building wealth,' says financial psychologist
Putting off some key financial moves because they seem too complex? You could be costing yourself over the long run.CNBC - Jan. 5 -
Polish wealth managers warn against tax changes for family foundations
Structure was set up in 2023 to encourage money to stay in the countryFinancial Times - Jan. 5 -
Tech groups to pay premium for energy for Malaysia data centres, says minister
Investment in ‘oil of the 21st century’ will support country’s development of renewable powerFinancial Times - Jan. 5 -
The Year Ahead
There’s an empty calendar spread out before us. What meaning will we give to it?The New York Times - Jan. 4 -
Sen. John Thune says House Speaker Mike Johnson has a 'really tough job' ahead
Sen. John Thune, R-S.D., the incoming Senate majority leader, said Friday that House Speaker Mike Johnson, R-La., will have a "really tough job," navigating a narrow majority.NBC News - Jan. 3 -
Trump says he’s been in touch with GOP holdouts ahead of Speaker vote
President-elect Trump said he has been in touch with Republican holdouts ahead of Friday afternoon's Speaker vote, as uncertainty swirls about whether Speaker Mike Johnson (R-La.) has enough ...The Hill - Jan. 3 -
FBI says it foiled possible attack against pro-Israel group Aipac
Man accused of traveling to offices in Florida with intention of ‘killing, injuring, harassing and intimidating’. FBI agents say they have foiled a possible attack on a US pro-Israel group ...The Guardian - Jan. 1
More from CBS News
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Drug traffickers nabbed by photo of French Bulldog must pay $1.4 million
Investigators used an intercepted photo of Bob the French Bulldog to track down an organized crime group.CBS News - 5h -
4 arrested in correction with burglary at Joe Burrow's home
An old LSU shirt and a Bengals hat believed to have been stolen from Joe Burrow's home were found after police pulled four men over.CBS News - 6h -
What Trump's executive orders mean for the fight against climate change
On his first day in office, President Trump signed a slew of executive orders promoting fossil fuels and ending many of the Biden administration's efforts to combat climate change. CBS News ...CBS News - 6h -
Trump's return to power looming over World Economic Forum
Leaders from around the globe are currently gathering in Davos, Switzerland, for the World Economic Forum's annual multi-day meeting as newly-inaugurated President Trump is beginning his second ...CBS News - 6h -
Trump pardons Silk Road founder Ross Ulbricht
Libertarian activists, who generally oppose criminal drug policies, argued the government overreached in building its case against Ross Ulbricht and the dark web marketplace Silk Road.CBS News - 6h
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Police officer shot inside home they were responding to for help
A police officer has been seriously injured after a suspect opened fire at authorities from inside a home, officials said.ABC News - 6m -
Surprise as UK December borrowing hits four-year high
Borrowing - the difference between spending and tax revenue- was £17.8bn last month.BBC News - 12m -
Teen arrested after boy, 12, dies in stabbing
A 14-year-old boy is arrested on suspicion of murder after the stabbing on Tuesday afternoon.BBC News - 28m -
Tensions over when to make Southport details public
Questions continue over why UK authorities did not publish key details about Axel Rudakubana earlier than they did.BBC News - 28m -
HMRC denies running 'deliberately poor' phone service
Thousands on hold to HMRC's helpline say they were cut off after waiting for 70 minutes.BBC News - 45m