World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally
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What’s shielding Big Tech stocks like Nvidia in this market, according to the world’s biggest wealth fund
Managers of Norway’s Government Pension Global Fund are resigned to living with tech’s high concentration risk but say stocks like Nvidia have some bubble protection due to this one factor.MarketWatch - 23h -
Boeing reports $11.8bn annual loss – its largest since 2020
Planemaker grapples with problems at commercial and defense units and fallout from west coast workers’ strike. Boeing reported an annual loss of $11.83bn, its largest since 2020, as it grappled ...The Guardian - 2d -
MLB reports record $12.1 billion in revenues for 2024 season
The league is incredibly healthy right now and revenues have gone up more than 33% in the last 10 yearsCBS Sports - 2d -
World's biggest sovereign wealth fund warns markets at risk from tariff-fueled inflation
"If you look at the risk to financial markets, I think inflation is for sure one, all driven by tariffs."CNBC - Jan. 21 -
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 - Jan. 20 -
Pakistan's premier welcomes World Bank's 10-year funding plan of $20 billion
Pakistan’s prime minister has welcomed the first-of-its-kind agreement with the World Bank under which his country will receive $20 billion in the next decade to invest in renewable energy, ...ABC News - Jan. 15 -
World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales
The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.MarketWatch - Jan. 10 -
'Largest recorded UK catfish' caught in Essex lake
Shaun Ing and friends used a body bag left over from Halloween to help lift the giant fish.BBC News - Jan. 8 -
Annual ‘winners’ for most egregious US healthcare profiteering announced
Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...The Guardian - Jan. 7
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No survivors in American Airlines collision with Army helicopter, officials say
An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.CNBC - 1h -
Trump lashes out at Biden, DEI efforts after D.C. plane crash
President Donald Trump blasted former President Joe Biden and Democratic diversity measures after a midair collision above Washington, D.C.CNBC - 22m -
Pending home sales drop sharply in December, as mortgage rates surge back over 7%
Pending home sales in the U.S. fell in December as mortgage rates climbed again.CNBC - 1h -
UPS shares tank 17% after weak guidance, plan to slash Amazon deliveries by more than half
UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.CNBC - 26m -
Apple reports first-quarter earnings after the bell
Analysts are concerned about how Apple will signal the March quarter is shaking out.CNBC - 28m
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ECB warns of ‘headwinds’ to Eurozone economy as it cuts rate to 2.75%
Move comes after Fed keeps borrowing costs on holdFinancial Times - 11m -
Selling your house? Here’s how long you’ll have to wait for a buyer.
High mortgage rates have stalled the housing market.MarketWatch - 12m -
SoftBank in Talks to Invest Up to $25 Billion in OpenAI
A new investment from the Japanese conglomerate would be separate from the $100 billion tied to a project announced at the White House last week.The New York Times - 15m -
IBM rallies 13%, heads for best day since 2000 on strong earnings
CEO Arvind Krishna said that the company posted $5 billion in bookings for its generative AI segment.CNBC - 19m -
Trump lashes out at Biden, DEI efforts after D.C. plane crash
President Donald Trump blasted former President Joe Biden and Democratic diversity measures after a midair collision above Washington, D.C.CNBC - 22m