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    The Department of Justice announced on Thursday that the Madoff Victim Fund began distributing $568 million in additional payouts to those affected by the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, marking the seventh distribution the MVF has made. The newest distribution will be sent to nearly 31,000 victims, with 2,600 receiving their first payment from the...
    BEIJING (AP) — Chinese health officials announced Thursday that more than 1 billion people have been fully vaccinated against COVID-19 in the world’s most populous country, or about 72% of its 1.4 billion people. Through Wednesday, 2.16 billion vaccine doses had been administered and 1.01 billion people had been fully vaccinated, National Health Commission spokesperson Mi Feng said at a...
    London (CNN Business)The United Arab Emirates will pour £10 billion ($13.8 billion) into the United Kingdom over the next five years, as the Gulf state seeks to diversify its economy beyond fossil fuels.The UK Office for Investment and UAE sovereign wealth fund Mubadala announced the investment in a statement on Thursday, saying that it would boost economic growth and job...
    Biden is suing Texas over its abortion ban. Whats next? Will the Supreme Court take it up? Covid booster jabs to be offered to over-50s * Rich nations under pressure to deliver unmet $100-billion pledge Load Error * More ambitious climate plans hinge on international funding * Eyes on U.S. to boost finance at U.N. gathering next week...
    BRUSSELS (AP) — The European Union said Thursday that it will fund its new heath preparedness and rapid response agency to the tune of 30 billion euros ($35 billion) over the next half dozen years, even pushing it higher if individual efforts from the member nations and private sector are taken into account. Caught off guard by the sudden...
    House Democrats are fighting hard to pass a multitrillion-dollar reconciliation package full of new spending and tax measures. While the exact scope and funding of the bill are not yet finalized, here are highlights of what Democrats have laid out in legislation at the committee level this week: SPENDING MEASURES Workplace leave Democrats hope to create...
    Japan’s exports rose 26% in August from a year earlier, preliminary data released Thursday showed, below analysts’ forecasts, as supply chain disruptions hit manufacturers. The 6.6 trillion yen ($60 billion) in exports compared with 5.2 trillion yen a year earlier, when the economy was just beginning to recover from the initial impact of the coronavirus pandemic. Analysts had...
    The U.S. has successfully prevented the Taliban terror group from accessing roughly $10 billion in reserves in Afghanistan’s central bank, the New York Post reported Tuesday. While assessing Afghanistan’s rapidly deteriorating economy following the Taliban’s takeover of the country last month, the Post cited a September 8 article by Bloomberg News detailing how the U.S. recently “halted $9.4 billion in...
    Emma Raducanu trademarked her name within hours of her US Open win in her first steps to becoming the ‘first billion-dollar sports woman’. UK-based lawyer Anthony Brierley applied to safeguard the words 'Emma Raducanu', 'Emma' and 'Raducanu' shortly after the 18-year-old's victory, reports The Sun. Emma, who has been heralded as a 'sponsor's dream', is on course to become the highest earning...
    Pushing back against conservative Democrats' attempts to shrink the Build Back Better Act's price tag, Sen. Bernie Sanders reiterated Tuesday night that anything less than $3.5 trillion is unacceptable. Asked by CNN's Anderson Cooper how the size of the reconciliation package will be decided, Sanders (I-Vt.) said, "It's gonna be $3.5 trillion." "That's the compromise that's already been made," said...
    The Prenetics Ltd. logo is displayed at the company's laboratory in Hong Kong on July 31, 2020.Roy Liu | Bloomberg | Getty Images Hong Kong biotech company Prenetics is going public through a merger with Artisan Acquisition — a special purpose acquisition company, or SPAC — in a deal that will value the combined entity at $1.7 billion, the companies...
    Senate Democrats highlighted an amnesty proposal in their $3.5 trillion reconciliation bill during their weekly Tuesday lunch that would give $105 billion to illegal immigrants in the U.S., a slideshow obtained by the Daily Caller shows. Democrats presented a slideshow during their lunch that explained what is in their package. One of the slides highlighted their effort to “provide permanent...
    CryptoPunks — one of the most popular non-fungible tokens — displayed in Times Square on May 12, 2021.Alexi Rosenfeld | Getty Images Rumors of insider trading at NFT marketplace OpenSea are true, according to a statement from the startup, which was recently valued at $1.5 billion. "Yesterday we learned that one of our employees purchased items that they knew were...
    Seattle Seahawks middle linebacker Bobby Wagner on the sideline before an NFL preseason football game against the Denver Broncos, Saturday, Aug. 21, 2021, in Seattle.Stephen Brashear | AP National Football League linebacker Bobby Wagner is now an equity holder in social investing platform Public.com, the parties told CNBC. The Seattle Seahawks star will also advise the firm's program geared to...
    U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021.Evelyn Hockstein | Pool | Reuters The Securities and Exchange Commission on Wednesday said the total amount of payouts it had made to whistleblowers had topped $1 billion after...
    ANTHONY JOSHUA hopes to be remembered as a one-in-a-billion athlete like Cristiano Ronaldo. The 36-year-old Portugal legend scored twice on his second Manchester United debut last weekend and is charged with resurrecting the once-great club in the autumn of his career. 3Joshua admires Ronaldo for returning to the Prem to win trophies with UnitedCredit: Instagram / @anthonyjoshua 3Ronaldo has made...
    Hospitalizing Americans who aren't vaccinated against the coronavirus is leading to billions of dollars in unnecessary health care costs, according to a new analysis.  Over a recent three-month period, the cost of treating unvaccinated COVID-19 patients around the U.S. amounted to $5.7 billion, the report from the Kaiser Family Foundation and Peterson Center on Healthcare concluded. Drawing on hospital admissions and...
    A creative director is suing Pinterest claiming she helped found the site and make it a multi-billion dollar success - only to receive no money in return.  Christine Martinez, 40, filed a lawsuit in Alameda County Superior Court on Monday accusing the site's owners Ben Silbermann, 39, and Paul Sciarra, 40, of breach of implied contract, idea theft, unjust enrichment and...
    DUBAI, United Arab Emirates (AP) — A Saudi company that owes billions of dollars will pay banks back $1.9 billion after an agreement was reached with creditors following more than decade of efforts, according to a news report on Wednesday. The website of the Abu Dhabi-based The National newspaper, quoting executives at business conglomerate Ahmad Hamad Algosaibi and Brothers,...
    Sasan Goodarzi, president and chief executive officer of Intuit Inc., Feb. 25, 2020.David Paul Morris | Bloomberg | Getty Images When Sasan Goodarzi took the helm at Intuit in January 2019, the tax software company had made just one billion-dollar acquisition in its 36-year history. Goodarzi has since completely rewritten the playbook. Intuit announced on Monday that it's buying...
    OMAHA, Neb. (AP) — The path is now clear for Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad to move forward after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from regulators at the federal Surface Transportation Board, which hasn’t approved any major railroad mergers since the 1990s, bus KCS...
    The European Union announced Wednesday the formation of a new agency designed to improve responses to future pandemics as a measure to avoid repeating mistakes that occurred throughout the COVID-19 outbreak. President of the European Commission Ursula von der Leyen pledged to donate 200 million COVID-19 doses to middle- and low-income countries by mid-2022, adding to the additional 250 million...
    The Minister of Mines and Energy, Sorana Mihajlovich, today said that the value of the projects of the new investment cycle is 17 billion euros, of which at least five billion will be for renewable energy sources. At the conference on Renewable Energy Sources (RES), Mihajlovich pointed out that decarbonization and green energy are...
    In this article GSBDDavid Zalik, founder and CEO of GreenSky.Chris Hamilton | GreenSkyGoldman Sachs is acquiring lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. The all-stock deal for GreenSky, called the biggest fintech platform for home improvement loans in a release announcing the deal, is expected to close by the first quarter of 2022,...
    Bidens racial justice agenda must be central to post-Ida disaster recovery Kabul fell — and this ambassador was thrust into the spotlight By Kate Abnett © Reuters/ALKIS KONSTANTINIDIS FILE PHOTO: Wind turbines are seen on a mountain near the town of Karystos, on the island of Evia STRASBOURG (Reuters) -The European Union on Wednesday pledged to increase financial support...
    (CNN)Six major climate provisions in congressional Democrats' massive budget bill could slash US greenhouse gas emissions by nearly 1 billion tons per year by 2030, a new analysis from the nonpartisan Rhodium Group found. It would be comparable to removing all passenger vehicles from the road, or the yearly greenhouse gas emissions of Texas and Florida combined, according to the...
    Top House Republicans criticized a Democratic proposal to spend $1 billion to fund the creation of a new privacy bureau at the Federal Trade Commission, saying it would serve a partisan agenda rather than improve the privacy needs of Americans. As part of their $3.5 trillion infrastructure and social welfare reconciliation spending package, House Democrats on the Energy and Commerce...
    U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, June 23, 2021.Greg Nash | Pool | Reuters The Treasury Department has determined that the nation's child care system is "unworkable," saying it is plagued by market failures that put quality...
    (CNN)European Commission President Ursula von der Leyen announced an additional €4 billion ($4.7 billion) in climate finance to transfer to developing nations on Wednesday, while calling on the US and the bloc's other allies to start paying their fair share.Developed countries agreed more than a decade ago, and reaffirmed in the 2015 Paris Agreement, to transfer $100 billion a year...
    BEIJING (AP) — One of China’s biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers of unfinished apartments. Evergrande Group appears likely to be unable to repay all of the 572 billion yuan ($89 billion) it owes banks and other bondholders, financial rating...
    Largest colleges push student vaccines with mandates, prizes Japan condemns North Korea’s ballistic missile launch as ‘outrageous’ and a ‘threat’ to the region The United Kingdom's finance minister, Chancellor of the Exchequer Rishi Sunak, has reportedly told colleagues who head other government departments he will pull in the belt in his budget on Oct 27. According to the Financial...
                      by Andrew Trunsky  House Democrats will consider nearly $3 trillion in tax hikes over the next decade in an attempt to pay for their $3.5 trillion budget that includes most of President Joe Biden’s domestic agenda and would overhaul the nation’s social safety net. The hikes are predominantly focused on...
    WASHINGTON (AP) — House Democrats began the serious work of trying to implement President Joe Biden’s expansive spending plan, but getting there will require remarkable legislative nimbleness, since Biden has said the revenue to pay for it must come only from Americans who earn more than $400,000 a year. Republicans, who have vowed lockstep opposition to the plan, turned their...
    Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019.Aly Song | Reuters BEIJING – Chinese telecommunications giant Huawei said it is expanding its team of scientists even as the company has lost revenue in the wake of U.S. sanctions. It's a bet that doubling down on research can help...
    The United Nations announced on Monday it has collected $1 billion in pledges for humanitarian relief in Afghanistan, a sum far greater than the $600 million it originally sought. The United States chipped in $64 million from the U.S. Agency for International Development (USAID).  The Taliban, meanwhile, continues to gleefully parade the $64 billion in military hardware it seized from...
    Brad Smith, President, Microsoft, on SaaS Monster stage during the opening day of Web Summit 2019 at the Altice Arena in Lisbon, Portugal.Harry Murphy | Sportsfile | Getty Images Microsoft said Tuesday its board approved the appointment of its president, Brad Smith, to the position of vice chair. The move comes months after Satya Nadella took on the role of...
    House Republicans are accusing Democrats on the transportation committee of "double dipping" by seeking to fund certain infrastructure provisions with their expansive budget reconciliation package in violation of President Joe Biden's promises. The Democratic-led House Transportation and Infrastructure Committee began marking up its $60 billion portion of the Build Back Better Act on Tuesday, considering spending billions on rail,...
    Potentially preventable COVID-19 hospitalizations have cost the U.S. billions of dollars, a new analysis finds. The Kaiser Family Foundation (KFF) looked at hospitalization costs for unvaccinated people across the country since June 2021. Researchers estimate that 287,000 hospitalizations have occurred over the past three months, including 187,000 in August alone. Each one of these hospitalizations costs an average of $20,000,...
    The House of Representatives just took a much-needed first step in preparing for the next pandemic. The Energy and Commerce Committee announced that the Build Back Better Act will include $15 billion for pandemic preparedness. This modest investment -- less than .5% of the Build Back Better package -- will massively pay off in helping us avoid another calamity like...
    Sen. Rand Paul, R-Ky., blasted the Biden administration on "The Story" Tuesday for leaving billions in military equipment behind in Afghanistan while conditionally agreeing to provide $10 billion in aid to the Taliban. RAND PAUL: If they [Taliban] stole $80 billion of military equipment, maybe we should deduct that from the $10 billion, then they still owe us $70 billion. The insult to all the...
    The Republican gubernatorial nominee has said he'd like to get rid of Virginia's income tax entirely. Virginia Republican gubernatorial nominee Glenn Youngkin has said in the past that he'd like to get rid of the state's income tax entirely. Now, a new analysis finds that doing so could "decimate health...
    The House Energy and Commerce Committee has approved the centerpiece climate change policy of Democrats’ infrastructure and social spending reconciliation package as part of an aggressive push to move the United States away from its dependence on fossil fuels. The committee voted 30-27 on a partisan basis Tuesday to advance the core energy portion of its Build Back Better Act,...
    (CNN)President Joe Biden will urge world leaders to collectively commit to vaccinating 70% of the world's population against Covid-19 within a year, an ambitious goal he is expected to unveil during a summit gathering to discuss the pandemic next week.Draft targets distributed by the United States to potential summit participants also list donating 1 billion additional vaccine doses and accelerating...
    The Denver Broncos are soon to be in need of a new owner and the franchise will reportedly command a whopping $4 billion when sold. But no sticker shock is high enough to frighten Jeff Bezos, the billionaire founder of Amazon. Stemming from the death of late Denver Broncos owner Pat Bowlen in 2019, his seven children and other...
    By Virginia Langmaid | CNN A new analysis published Tuesday estimates that preventable costs for treating hospitalized, unvaccinated Covid-19 patients reached $5.7 billion over the last three months. This most recent data takes into account the surge in hospitalizations seen in August, which study authors estimate accounted for $3.7 billion of preventable spending alone. The data analysis from the Kaiser...
    (CNN)A new analysis published Tuesday estimates that preventable costs for treating hospitalized, unvaccinated Covid-19 patients reached $5.7 billion over the last three months.This most recent data takes into account the surge in hospitalizations seen in August, which study authors estimate accounted for $3.7 billion of preventable spending alone.The data analysis from the Kaiser Family Foundation found, using data from the...
    In this article 9984.T-JPWeWork Executive Chairman Marcelo Claure during an interview with Andrew Ross Sorkin at WeWork headquarters in New York City on February 10, 2020.David A. Grogan | CNBCSoftBank Group is committing $3 billion to kickstart a second fund focused on investing in start-ups in Latin America, the Japanese tech conglomerate announced Tuesday. After a dismal stretch in 2019...
    CANBERRA, Australia (AP) — Australia is forecast to reap record farm revenues this year despite pandemic challenges, a mouse plague and a trade dispute with China. Australian farmers are expected to sell 73 billion Australian dollars ($54 billion) in produce in the current fiscal year that started in July thanks to favorable weather and grain prices inflated by drought in...
    New Delhi (CNN Business)Intuit is buying email newsletter platform Mailchimp for about $12 billion. The maker of tax return product TurboTax and other financial software announced the cash-and-stock deal Monday, saying that it hopes Mailchimp will help it "become the center of small business growth." As part of the agreement, Mailchimp will work with QuickBooks, Intuit's accounting software, to help...