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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 -
Meta Follows Elon Musk’s Lead, Moves Staffers to Billionaire-Friendly Texas
According to Mark Zuckerberg, Meta trust and safety workers will be relocated to Texas to prevent them from “censoring” users. Experts point to other advantages.Wired - Jan. 7 -
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 -
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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 -
Minneapolis agrees to police reform deal following George Floyd probe
The city of Minneapolis has agreed to a series of police reforms after a probe from the Justice Department in the aftermath of the murder of George Floyd. A court-enforceable agreement known as a ...The Hill - Jan. 7 -
Will Trump be able to block the release of Jack Smith’s report
President-elect Donald Trump is looking to block the release of a final report by special counsel Jack Smith in the Florida classified documents case. NBC News’ Vaughn Hillyard and Danny Cevallos ...NBC News - 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 -
Biden blocks new offshore drilling in vast areas
Click for the latest from The Hill {beacon} Energy & Environment Energy & Environment The Big Story Biden blocks new offshore drilling in vast areas President Biden has blocked new offshore ...The Hill - 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 -
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 -
Legal Issues Will Follow Trump Into Office, With New York Sentencing Set
Donald Trump may not face a penalty for his conviction in the hush-money case, but he could still be the first felon to be president — and civil proceedings against him continue.The New York Times - Jan. 6 -
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Evolution: Kevin Love pokes fun following Jimmy Butler's trade frenzy
The Heat forward channeled his inner R&B following Butler's comments of not having joy in a Heat jersey.ESPN - 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 -
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - Jan. 3 -
Biden blocks US Steel sale
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Biden blocks US Steel sale President Biden has announced he will block the sale ...The Hill - Jan. 3 -
Long Island authorities remind people to follow drone rules
Officials cited drones approaching restricted airspace as a reason for the warning.The Hill - Jan. 3 -
Elon Musk stays on brand following Tesla Cybertruck explosion
Elon Musk used his X account to defend the durability of Tesla's Cybertruck after the New Year's Las Vegas explosion.The Hill - Jan. 3 -
US Steel acquisition by Japan’s Nippon blocked
Domestic steel production is essential to U.S. security, Biden said.ABC News - Jan. 3 -
Biden to travel to New Orleans to meet with families following terror attack
President Joe Biden and first lady Jill Biden will head to New Orleans on Monday, the site of a New Year's Day terror attack that killed 14 people and wounded dozens more, the White House announced ...NBC News - Jan. 3 -
Cold comfort: The latest attacks on America follow a familiar playbook
Vehicle ramming attacks are not a new phenomenon.The Hill - Jan. 3 -
Cold Snap to Grip Much of the U.S., Followed by Winter Storms
The Arctic air arrives this weekend and could linger into mid-January.The New York Times - 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 -
Biden expected to block $15bn takeover of US Steel
President set to kill Nippon Steel’s bid in one of his final acts in officeFinancial Times - Jan. 3 -
Germany’s Hensoldt urges EU to follow US on local arms procurement
Radar maker says bloc can use existing laws to bypass free trade rules and boost region’s defence infrastructureFinancial Times - Jan. 3 -
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 industryFinancial Times - Jan. 2 -
In New Orleans, Celebration Is Followed by Terror in the French Quarter
The attack that left 15 dead and about three dozen injured followed a distressingly familiar pattern of assailants turning vehicles into weapons.The New York Times - Jan. 2 -
Mikaela Shiffrin aiming to be back 'in the next week or so' following November crash
Mikaela Shiffrin is back in the gym and says she's aiming to be on snow “in the next week or so.”ABC News - Jan. 2 -
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Rizzi: All members of Saints safe following attack
Saints interim coach Darren Rizzi said all members of the organization are safe following a "senseless" attack early Wednesday in the French Quarter.ESPN - Jan. 1 -
Sugar Bowl postponed one day following deadly New Orleans attack
The Sugar Bowl will be postponed until Thursday in the wake of the attack on Bourbon Street in New Orleans, where the college football game will take place.CNBC - Jan. 1 -
Taylor Hall Was Visibly Upset Following Blackhawks Winter Classic Loss
The Chicago Blackhawks were beaten badly at the Winter Classic and Taylor Hall didn't take it well.Yahoo Sports - Jan. 1 -
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
