Exaggerated Says Fund

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

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

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

This fund manager forecast a 20% S&P 500 gain last year. Now he says cash is king.

Dan Niles, founder of Niles Investment Management, says the S&P could swing much higher or lower in 2025, and investors need to protect themselves.

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

Target-date funds — the most popular 401(k) plan investment — don't work for everyone

Target-date funds are poised to capture about two-thirds of all 401(k) contributions by 2027. While they benefit many investors, others may see drawbacks.

CNBC - 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 problem

Financial Times - Jan. 6

France's former President Sarkozy standing trial over alleged campaign funding by Libya's Gadhafi

France’s former President Nicolas Sarkozy goes on trial Monday over alleged illegal financing of his 2007 presidential campaign by the government of late Libyan leader Moammar Gadhafi

ABC News - 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 investors

Financial Times - Jan. 6

ATF head warns that the Trump administration's funding cut plans could risk lives

Steve Dettelbach, the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, warned that President-elect Donald Trump's plans to reduce funding for the agency could risk lives. Scott ...

CBS News - Jan. 4

The return of the 'old Man City'? 'Absolutely not' says Guardiola

Has Saturday's 4-1 demolition of West Ham marked the return of the old Manchester City? 'Absolutely not' according to boss Pep Guardiola.

BBC News - Jan. 4

100% stocks for retirement? A new study says dump the 60/40 portfolio and target-date funds.

An all-equity portfolio, with a focus on international stocks, could be the key to maximizing retirement wealth, research suggests.

MarketWatch - Jan. 4

Do stock holdings reflect individual risk preferences or the growing use of target-date funds?

I suspected most financial assets were in 401(k) plans and most 401(k) holdings were directed by target-date funds, but the data told a somewhat different story.

MarketWatch - Jan. 4

Baerbock: EU will not fund the Islamization of Syria

Yahoo News - Jan. 4

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

Musk misinformed on grooming gangs, says minister

The Conservatives have also criticised the billionaire for "sharing things that are factually inaccurate".

BBC News - Jan. 3

Thune says preserving the Senate filibuster will be a top priority

Sen. John Thune (R-S.D.) in his first prepared address as Senate majority leader says “preserving” the filibuster will be one of his top priorities, making an early move to quash any talk of major ...

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 decisions

Financial Times - Jan. 3

These tips for investing in mutual funds and ETFs can make 2025 a happy new year

Don’t miss these top money and investing features.

MarketWatch - Jan. 3

Ukraine's Zelensky says Trump 'capable of stopping Putin'

Ukrainian President Volodymyr Zelensky said in an interview that President-elect Trump is "capable of stopping" Russian President Vladimir Putin and that he will be a key factor in the outcome of ...

The Hill - Jan. 3

Trump says he'll attend Jimmy Carter's funeral

President-elect Donald Trump says he will attend former President Jimmy Carter's funeral next week at Washington National Cathedral. CBS News correspondent Skyler Henry has more from outside the ...

CBS News - Jan. 2

What economists say about the UK’s outlook for 2025

Below are full responses to the FT’s annual survey about the British economy

Financial 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

Hedge funds Citadel and Millennium gain 15% in 2024

Ken Griffin and Izzy Englander’s funds likely to have outperformed wider hedge fund industry

Financial 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

Kojima Says OD And Physint Were Impacted By Strike

Game designer Hideo Kojima provided an update on his in-development games, including Death Stranding 2: On the Beach, OD, and Physint. Starting with the latter two, both were impacted by the ...

GameSpot - Jan. 2

House prices rose by 4.7% in 2024, says Nationwide

Housing market activity remained "remarkably resilient" despite affordability challenges, the lender says.

BBC News - Jan. 2

A Staunch Ally in Africa Says French Forces Will Withdraw

The troops are expected to leave Ivory Coast this month as France, a former colonial power in West Africa, fast loses influence there.

The New York Times - Jan. 2

'Unguardable' SGA is MVP, Wolves' Edwards says

After Shai Gilgeous-Alexander scored 40 points in a 113-105 win over the Wolves, Anthony Edwards described the Thunder star as "unguardable" and called him "the MVP of the NBA."

ESPN - Jan. 1

Passengers Say Turkish Airlines Flights Have Bedbugs

Passengers on several of the carrier’s flights said the biting pests were on seats, blankets and in overhead bins and that the airline did not take action.

The New York Times - Jan. 1

FBI says it thwarted apparent plot against AIPAC

The FBI thwarted an apparent plot to harm employees at a Florida office of the American Israel Public Affairs Committee (AIPAC), according to court documents filed Monday. Law enforcement arrested ...

The Hill - Jan. 1

Trump says he'll attend Carter's funeral

President-elect Trump is planning to attend the funeral of former President Carter, he said Tuesday. Asked by The Associated Press as he walked into a New Year's Eve party at his Mar-a-Lago club in ...