Topic · 7 stories
Billion
Stories mentioning “Billion”, newest first, from the sources Pulse has followed since 21 October.
Thursday 22 October
Wednesday 21 October
21:42·Business
Billionaires fleeing California could turn a $30 billion tax windfall into a $39 billion loss, Stanford economists warn
A Stanford working paper estimates California's proposed billionaire wealth tax would raise only $30 billion—far less than proponents' $100 billion claim—and could trigger a long-term net loss of $39 billion due to billionaire departures.
Fortune
21:17·Business
Meta’s revenue surges to $64.6 billion, but billions in settlements and skyrocketing AI spending turn screws on profit, free cash flow
Meta beat revenue forecasts with $64.6bn in Q3 but saw operating profit halved by a $10bn youth safety settlement and negative free cash flow, as AI capex nearly doubled. Shares rose over 5% after hours on long-term AI optimism.
Fortune
18:45·Business
Meta ordered to pay $25 billion penalty in New Mexico Cambridge Analytica case
A New Mexico court has ordered Meta to pay a $25 billion penalty for data privacy violations in a case stemming from the Cambridge Analytica scandal.
CNBC
14:44·Business
United Airlines set to open its biggest airport lounge in $2.6 billion overhaul at Houston hub
United Airlines will open its largest lounge at Houston's Bush Intercontinental Airport as part of a $2.6 billion terminal upgrade, reflecting a broader industry trend of investing in premium facilities.
CNBC
14:27·Business
Jamie Dimon spent years warning about America’s reliance on China. A year in, JPMorgan has put $230 billion behind fixing it
JPMorgan Chase has financed or facilitated $230bn into critical minerals, defence, and frontier technology in the first year of its 10-year, $1.5tn Security and Resiliency Initiative, reflecting a push to reduce US reliance on China.
Fortune
13:41·Politics
GTA 6 launch could drain $1 billion from US economy — this is how
An economics professor estimates that the launch of GTA 6 could cost the US economy up to $1 billion, as 1.5 million workers are predicted to call in sick on release day.
The Hill
