Latest in Chips Act Funding
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Active mutual funds struggle to beat large-cap stock benchmarks — again
Professional stock pickers in the mutual-fund industry had a tough time in 2024 beating indexes that passively track U.S. large-cap equities, according to BofA Global Research.MarketWatch - Jan. 8 -
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
The Amazon-backed OpenAI rival was valued at $18 billion last year.The Wall Street Journal - Jan. 7 -
Johnson says no cuts to Social Security and Medicare to fund Trump's agenda
House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.ABC News - Jan. 7 -
Laken Riley Act gains steam — with Democrats
Some in the party's ranks are turning right alongside the electorate.Politico - Jan. 7 -
These Democrats flipped their votes on the Laken Riley Act
Seven House Democrats flipped their votes to "yes" on a GOP-led bill named after the slain Georgia student Laken Riley that would require detention of migrants arrested for theft. The Laken Riley ...The Hill - Jan. 7 -
Anthropic in talks to raise funding at $60 billion valuation
AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.CNBC - Jan. 7 -
Nvidia Founder Jensen Huang Unveils Next-Gen AI and Gaming Chips at CES 2025
The Blackwell-powered GeForce RTX 50 Series desktop and laptop graphics processors were a highlight of the massive tech trade show underway in Las Vegas.Inc. - Jan. 7 -
Hims & Hers donates $1 million to Trump's inauguration fund
OpenAI CEO Sam Altman and Meta both announced $1 million donations, and Amazon and Apple CEO Tim Cook have also reportedly contributed.CNBC - Jan. 7 -
Nvidia founder unveils next generation of AI and gaming chips at CES 2025
In a packed Las Vegas arena, Nvidia founder Jensen Huang stood on stage and marveled over the crisp real-time computer graphics displayed on the screen behind him.NBC News - Jan. 7 -
Nvidia releases gaming chips for PCs, tapping AI features from data center GPUs
At CES in Las Vegas, Nvidia showed that it's still focused on serving gamers even as the company's primary business is now in the data center.CNBC - Jan. 7 -
Nvidia’s stock rallies as AI chip trade reloads for fresh run higher
Nvidia Corp.’s stock continued its rally Monday, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.MarketWatch - Jan. 7 -
Trump backtracks from 'one big, beautiful bill' to fund his agenda
After nearly derailing a spending bill last month, Trump continues to shake up business on Capitol Hill, shifting positions on how Republicans should fund his policies.ABC News - Jan. 6 -
Nvidia, chip stocks pop after Foxconn reports record revenue
Global semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.CNBC - Jan. 6 -
Acer unveils Acer Swift Go and Aspire Vero 16 laptops with latest chips and up to 99 TOPS AI
Acer unveiled new models in its Acer Swift Go and Acer Aspire Vero laptop families with the latest components from Intel and AMD.VentureBeat - Jan. 6 -
AMD’s Ryzen 9 9950X3D — best processor for gamers and creators — is among many new chips coming
Lisa Su, CEO of AMD, said at CES 2025 that the AMD Ryzen 9 9950X3D is the best processor for gamers and creators.VentureBeat - Jan. 6 -
Qualcomm unveils AI chips for PCs, cars, smart homes and enterprises
Qualcomm unveiled AI technologies and collaborations for PCs, cars, smart homes and enterprises at CES 2025. At the big tech trade show in Las Vegas, Qualcomm Technologies showed how it’s using AI ...VentureBeat - Jan. 6 -
Biden signs Social Security Fairness Act into law
President Joe Biden signed the Social Security Fairness Act into law Sunday, marking what is expected to be one of the last major pieces of legislation of his presidency.ABC News - Jan. 6 -
Nicolas Sarkozy goes on trial accused of receiving illegal funding from Gaddafi
Former French president alleged to have received millions of euros from Libyan dictator’s regime to fund campaign. Nicolas Sarkozy has gone on trial over allegations he received millions of euros ...The Guardian - Jan. 6 -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - Jan. 6 -
A vision of sport in 2050: robot leagues, chips in brains and players in their 50s | Sean Ingle
Many experts’ predictions for the next 25 years may seem outlandish but so did much of what has happened since 1999. Back in 1997, artificial intelligence and robotics experts in Japan came up ...The Guardian - Jan. 6 -
Private equity to lobby Trump for access to savers’ retirement funds
Industry hopes incoming administration will open long-restricted private investments to individual investorsFinancial Times - Jan. 6 -
Biden signs Social Security Fairness Act
President Joe Biden signed the Social Security Fairness Act, which will increase the benefits of Social Security for millions of public workers.NBC News - Jan. 5 -
Terror act shatters the New Year in New Orleans
Just hours into the first day of 2025, a 42-year-old Texas man purposely drove a rented pickup through a dense crowd of revelers on New Orleans' Bourbon Street, then opened fire on police officers. ...CBS News - Jan. 5 -
Jimmy Carter's son, Chip Carter, honors his father
Chip Carter, son of former President Jimmy Carter, honored his father's legacy during the funeral ceremony at the Carter Center in Atlanta, Georgia, on Saturday. The late president died at the age ...CBS News - Jan. 4 -
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Streeting to unveil extra funding for English hospitals that cut waiting times fastest
Health secretary’s move intended to push NHS leaders to achieve government’s 18-week non-urgent treatment ‘milestone’Financial Times - Jan. 4 -
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Chip Roy bid for Rules chair emerges as key issue ahead of Speaker vote
Rep. Chip Roy’s (R-Texas) bid to be chair of the House Rules Committee is emerging as a key issue for those withholding support for Speaker Mike Johnson (R-La.) ahead of Friday afternoon’s Speaker ...The Hill - Jan. 3 -
Helping boomers spend their retirement funds is harder than it sounds
Worries about running out of money makes people frugal and wary of taking any big pension decisionsFinancial Times - Jan. 3 -
Investigators Said the New Orleans Attacker Acted Alone
Also, Speaker Johnson is trying to unite Republicans behind him. Here’s the latest at the end of Thursday.The New York Times - Jan. 2 -
Ken Griffin's flagship hedge fund at Citadel climbs 15.1% in 2024
The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy.CNBC - Jan. 2 -
New Orleans attack: FBI believes suspect acted alone in ‘act of terrorism’
Investigators had initially suggested others may have been involved in New Year’s Day attack that killed 14 people. New Orleans truck attack – latest updates The FBI said on Thursday that it ...The Guardian - Jan. 2 -
FBI says suspect in New Orleans acted alone in ‘act of terrorism’ – live
FBI says attack not linked to Las Vegas Cybertruck explosion and says New Orleans surveillance video shows suspect planting two explosive devices at the scene. Full story – FBI believes suspect ...The Guardian - Jan. 2 -
Hedge funds Citadel and Millennium gain 15% in 2024
Ken Griffin and Izzy Englander’s funds likely to have outperformed wider hedge fund industryFinancial Times - Jan. 2 -
New Orleans attacker acted alone, FBI says
FBI officials said they believe Shamsud-Din Jabbar acted alone in New Orleans in what they described as a terror attack inspired by ISIS. “Let me be very clear about this point, this was an act of ...The Hill - Jan. 2 -
US investors in China venture funds race to comply with new tech rules
Financial institutions rush to secure assurances their money is not being used to develop Chinese technologyFinancial Times - Jan. 1