World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now
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Power demand from AI, EVs and Big Tech is now the energy sector’s No. 1 concern
If power systems fail, it’s lights out for the entire economy.MarketWatch - Business -
BlackRock funds are ‘crushing shareholder rights,' says activist Boaz Weinstein
Boaz Weinstein is fighting for control or reform at 10 BlackRock closed-end funds, which trade at a steep discount to their net asset value.CNBC - Business -
Donald Trump’s Wealth Now Hinges on Trump Media
Mr. Trump has treated Trump Media, which runs his social network Truth Social, as a low-cost sideshow. Now a big portion of his wealth hinges on its success.The New York Times - Business - Donald Trump -
Gold rally leaves wealth managers wondering if price is still right
Gain of 25% since October has been driven by Russia and China seeking to loosen dependence on US dollarFinancial Times - World -
How can a child in care cost £281,000 a year? Ask the wealth funds that have councils over a barrel | George Monbiot
Children crying out for stability are paying the highest price for Britain’s chaotic and exploitative residential care. I’m a patron of a small local charity that helps struggling children to rebuild trust and connection. It’s called Sirona ...The Guardian - World -
Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Any moves to shorten the Federal Reserve’s asset holdings could potentially trigger a backlash in markets.MarketWatch - Business -
Elon Musk launches Starlink satellite internet service in Indonesia, world's largest archipelago
The billionaire arrived by private jet on the idyllic “island of the gods.”ABC News - Tech - Elon Musk -
America's largest LGBTQ rights group plans $15 million swing state blitz to re-elect Biden
The Human Rights Campaign, the LGBTQ rights group, is launching a $15 million commitment to help President Joe Biden defeat Donald Trump in the 2024 elections.NBC News - Top stories - Joe Biden -
The Best PS5 SSD Deals At Amazon Right Now
Outfitting your PS5 with a larger NVMe SSD for more storage space is a worthwhile upgrade. Unfortunately, NVMe SSD prices are higher than they were last year due to production costs and general shortages, so it isn't always easy to justify the ...GameSpot - Tech -
It Was a Rising Star of the Far Right. Now It's a Scandal Magnet.
Accused of extremism, corruption and infiltration by Chinese spies and Russian propagandists, Germany’s AfD has been hemorrhaging support.The Wall Street Journal - World -
Greenlight Capital’s clash with a former employee has captivated the hedge-fund world
James Fishback, 29, says he was employed as Head of Macro at Greenlight Capital. The New York hedge fund says that position never existed.MarketWatch - Business -
Productivity soars in sectors of global economy most exposed to AI, says report
Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills. The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and ...The Guardian - World -
Grayscale CEO Michael Sonnenshein stepped down after a decadelong career helping to build the company into the world's largest crypto asset manager.
Grayscale CEO Michael Sonnenshein stepped down after a decadelong career helping to build the company into the world’s largest crypto asset manager.The Wall Street Journal - World -
U.K.’s largest property developer says office tap-ins up 18%
Higher interest rates knocked £625 million off the value of Landsec’s office portfolioMarketWatch - Business -
The 35 Best Shows on Max (aka HBO Max) Right Now
Hacks, The Jinx, and Conan O’Brien Must Go are just a few of the shows you need to be watching on Max this month.Wired - Tech -
The 43 Best Movies on Netflix Right Now (May 2024)
City Hunter, Suzume, and Spaceman are just a few of the movies you should watch on Netflix this month.Wired - Tech - Netflix -
The 46 Best Shows on Netflix Right Now (May 2024)
Dead Boy Detectives, Chicken Nugget, and Ripley are just a few of the shows you need to watch on Netflix this month.Wired - Tech - Netflix -
Best Memorial Day bedding deals you can get right now
Your favorite sleep retailers are having major Memorial Day bedding sales right now. Save at these places today.CBS News - Top stories -
I toured Warren Buffett's hometown: Despite huge wealth, 'it's all very understated,' says 'Buffettology' author
I took a tour of Omaha, Nebraska, with "Buffettology" author David Clark to learn more about Warren Buffett's lifestyle and hometown.CNBC - Business -
Steelers RB Najee Harris motivated to 'prove a lot of people wrong' in 2024, trainer says
Harris has made several changes this offseasonCBS Sports - Sports -
Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'
JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon's comments dinged the stock.CNBC - Business -
Odey Asset Management closed in a crisis. Two of its former funds are now top performers.
The two funds managed by James Hanbury were transferred to Lancaster Investment Management after Odey Asset Management closed, on the back of sexual assault allegations against its founder, in 2023MarketWatch - Business -
World is ill-prepared for breakthroughs in AI, say experts
Governments have made insufficient regulatory progress, ‘godfathers’ of the technology say before summit. The world is ill-prepared for breakthroughs in artificial intelligence, according to a group of senior experts including two “godfathers” of ...The Guardian - World -
Reroute funding to boost local NHS services, says opinion poll
Public priorities at odds with government spending programme for community healthcare, data showFinancial Times - World -
House Democrat says cutting federal funds for Harvard 'needs to be on the table'
Rep. Jake Auchincloss (D-Mass.) on Sunday said cutting federal funds for Harvard University and other schools should be an option "on the table" over their handling of campus antisemitism. Auchincloss, who is an alum of Harvard, visited the Ivy ...The Hill - Politics -
Final Fantasy Trading Card Game Decks And Booster Boxes Are Pretty Cheap Right Now
Several official Final Fantasy trading card game starter decks, booster boxes, and anniversary collections are discounted on Amazon right now. While these discounts are great for anyone looking to get into the Final Fantasy TCG or expand their ...GameSpot - Tech -
Trump Trial Judge Clashes With Defense Witness: 'Are You Staring Me Down Right Now?'
Prosecutors rested their case in Trump’s hush-money trial after four days of testimony by Michael Cohen, onetime fixer to the former president.The Wall Street Journal - World - Donald Trump -
Our adviser put 50% of our holdings in individual stocks, but now we fear a big tax hit by switching to index funds
Changing investment strategies midstream can lead to significant capital gains when you sell.MarketWatch - Business -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
Top CEOs are now making more than ever, report says
Paid compensation for chief executives of several Fortune 500 companies has risen dramatically over the last five years, according to a new report from The Wall Street Journal. WSJ writer Theo Francis joins to discuss why it's partly linked to a ...CBS News - Top stories -
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Market Froth Is Getting Extreme. Just Look at Meme Stocks.
When there’s a lot of money sloshing around the economy, it’s easy for new ideas to attract speculative money—and some of those ideas are just dumbThe Wall Street Journal - World -
In 1 Sentence, Google CEO Sundar Pichai Just Summed Up What Every Company CEO Should Be Doing Right Now
Has big tech learned its lesson for how to responsibly engage its workforce?Inc. - Business - Google -
American IT Scammer Helped North Korea Fund Nuclear Weapons Program, U.S. Says
The Justice Department alleges an Arizona woman and others helped foreign workers with North Korean connections get freelance gigs at U.S. companies.The Wall Street Journal - World - North Korea -
Iain Armitage was 9 when 'Young Sheldon' began. Now, he's saying goodbye to his biggest role yet
Iain Armitage, 16, talks about the end of "Young Sheldon," which aired its finale Thursday on CBS, and what's next for him.Los Angeles Times - Entertainment -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Productivity Surging in AI-Intensive Sectors
A report from PwC says information technology, professional and financial services and in information technology are more than four times more productive than other sectors because of their AI use.Inc. - Business -
An Islamist group used child soldiers in Mozambique attacks, says Human Rights Watch
Human Rights Watch says an Islamist group operating in Mozambique’s northern Cabo Delgado province used boys as young as 13 in attacks on a town last weekABC News - World -
Disability rights advocate says state senator with violent history shoved him at New York Capitol
A disability rights advocate made a complaint to New York State Police saying was shoved twice by state Senator Kevin ParkerABC News - Top stories - New York -
Larry Hogan says he's 'pro-choice' and supports enshrining abortion rights in federal law
Former Maryland Gov. Larry Hogan, a Republican, is casting himself as "pro choice," a significant shift from his earlier position on abortion.NBC News - Top stories - Abortion