The Wealthiest American Families: Surpassing Elon Musk’s Fortune
Forbes’ latest ranking reveals that 45 American families boast a net worth exceeding $10 billion, with the wealthiest among them surpassing even Elon Musk in wealth. Dominance of the Walton Family Topping the list are the heirs of Walmart founder Sam Walton, who collectively own approximately 45% of the retail
Anticipated Tech IPOs to Monitor in 2024
The tech IPO landscape is poised for potential upheaval in 2024, following a year of subdued activity despite initial expectations. While 2023 witnessed several startups returning to the stock market, their lackluster debuts tempered the anticipated IPO boom. However, industry experts speculate that 2024 could offer a more conducive environment
FM Announces Construction of 2 Crore Houses Under PMAY(G)
In a significant announcement, Finance Minister Nirmala Sitharaman declared that the construction of two crore additional houses will be undertaken under the Pradhan Mantri Awas Yojana (Gramin) in the coming five years. This announcement was made during the presentation of a vote on account or interim budget for 2024-25 in
Chinese Banks Cut Ties with Russian Clients Amid Sanctions Pressure
Two Chinese state-owned banks are reportedly cutting off relations with Russian clients to comply with sanctions imposed by Western nations in response to the conflict in Ukraine, according to a report by Bloomberg. Compliance with Western Sanctions Sources, who chose to remain anonymous, informed Bloomberg that the banks initiated a
Startup Failures: A $27 Billion Loss in 2023
Startups faced significant challenges in 2023, with over 3,200 companies shutting down and leaving behind a staggering $27 billion in lost venture funding, according to data from startup tracker PitchBook. Scale of Losses The reported $27.2 billion in failed startup funding represents a substantial portion of the venture capital raised
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