Forbes Unveils The 2025 Midas List Europe, The Definitive Ranking Of Europe’s Top Venture Capital Investors

Applications for unemployment benefits surged last week, marking the most significant increase since 2020, following a period where claims had previously dropped to a three-year low. This fluctuation indicates ongoing volatility in the labor market, as recent trends suggest a complex interplay between job availability and economic conditions.

Elon Musk confirmed via a post on X that reports regarding SpaceX's plans for an initial public offering (IPO) next year are accurate, following recent discussions about the company's financial strategies and market positioning. This announcement comes shortly after media speculation about the IPO's potential scale and valuation.

Indonesia's wealth among its richest individuals has surpassed $300 billion in 2025, driven by a stock market surge, with half of the tycoons on the list experiencing increased fortunes compared to the previous year. Notably, data center billionaires have ascended into the top 10 rankings.

The U.S. has seized an oil tanker near Venezuela, a move that has led to a rise in oil futures by 56 cents to $58.93 per barrel. This action reflects escalating tensions between the U.S. and Venezuela, particularly in the context of U.S. military presence in the region and ongoing geopolitical conflicts.

Former President Donald Trump has seen a rise in his approval rating to 41%, coinciding with the launch of his 'Affordability Tour' aimed at addressing economic concerns among voters. This development was highlighted in a recent poll released by Forbes.

Ukraine's drone manufacturers are facing challenges as their production of affordable and effective drones is hindered by extensive politicization and complex bureaucracy, which could slow down output during a critical period for national defense and exports.

A new report suggests the establishment of a publicly owned and cooperative grocery infrastructure in New York City to address rising grocery prices and increasing food insecurity. This initiative aims to create a more equitable food system amidst the ongoing affordability crisis.

Elon Musk stated that his cryptocurrency initiative, DOGE, was ‘a little bit successful,’ but he would not pursue it again if given the chance to start over. This admission reflects on his past involvement with the digital currency, which gained significant attention during its peak.