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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 -
Paxlovid Improved Long Covid Symptoms in Some Patients, Researchers Report
But the report, on the experiences of 13 patients, found that the drug had no benefit for some people and that some who benefited said the improvement didn’t last.The New York Times - Jan. 6 -
ArcelorMittal's South Africa Business to Wind Down Long-Steel Production
Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the company.The Wall Street Journal - 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 GadhafiABC 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 investorsFinancial Times - Jan. 6 -
Long Before Jeju Air Crash, South Korea Rose to Be a Model of Safety
After overcoming pariah status at the end of the last century, South Korea must learn what caused the catastrophe on Dec. 29 and what lessons to draw from it.The New York Times - Jan. 6 -
Tech trends at CES 2025 favor growth, so long as trade war doesn’t start | CTA
The tech market in the U.S. is expected to grow a few percent in 2025 to $537 billion, so long as there isn't a trade war.VentureBeat - Jan. 6 -
Hong Kong’s Cabbies, Long Scorned and Frustrated, Face the End of an Era
A government push to modernize taxi services comes up against the habits of drivers known for driving fast and accepting only cash.The New York Times - Jan. 5 -
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 -
Days-long funeral procession for Jimmy Carter begins in south Georgia
Motorcade with flag-draped casket heads to boyhood home in Plains before moving to Atlanta, then Washington. Jimmy Carter’s long public goodbye began on Saturday in south Georgia, where the 39th US ...The Guardian - 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 -
Why Notre Dame’s Sugar Bowl Victory Was a Long Time Coming
There’s no doubt the Irish are meeting the goals of head coach Marcus Freeman, a columnist for The Athletic writes.The New York Times - 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 -
Surgeon general's suggestion to put a cancer warning on alcohol is long overdue, doctors say
After the Surgeon General suggested that labels on alcoholic drinks should warn about cancer risk, here’s what doctors say you should know about drinking and cancer.NBC 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 -
5 ways seniors can lower their long-term care insurance costs in 2025
With these strategies, you can save on long-term care insurance costs while maintaining the coverage you need.CBS News - 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 -
Biden Plans to Block U.S. Steel Sale to Nippon Steel After Long Fight
The embattled $14.9 billion bid will likely be scrapped if the President declines to approve Nippon Steel’s merger plan, administration officials said.Inc. - Jan. 3 -
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Streeting defends 2028 timescale for long-term social care plans
The first steps to creating a National Care Service are announced - but critics say the pace of the plan "feels far too long".BBC News - 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 -
A Long Fight to Keep a Closer Eye on Madrasas Unravels in Pakistan
In a deal with Islamist parties, Pakistan is abandoning a requirement that religious seminaries, long seen by Western officials as a potential threat, register with the government.The New York 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 -
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 -
How a German Proverb Explains a Golf Star’s Long-Awaited Breakthrough
From the onset of Xander Schauffele’s relationship with golf, motivational allegories and philosophical adages were fed into his psyche.The New York Times - Jan. 2 -
Broncos insist they don't care who sits out for Chiefs as Denver seeks to end a long playoff drought
If the Denver Broncos are embracing the opportunity to face Carson Wentz instead of Patrick Mahomes on Sunday, they're not saying so publiclyABC News - Jan. 2 -
Scandinavians came to Britain long before Vikings and Anglo-Saxons, finds study
Genetic analysis of Roman soldier or gladiator buried in York reveals 25% of his ancestry came from Scandinavia. People with Scandinavian ancestry were in Britain long before the Anglo-Saxons or ...The Guardian - Jan. 1 -
New details on long gun recovered at scene of New Orleans truck attack
At least 10 people were killed early on New Year's Day when a truck plowed into a crowd on New Orleans' Bourbon Street. CBS News Homeland Security and Justice reporter Nicole Sganga has new ...CBS News - Jan. 1 -
Americans keep flocking to Florida—3 young people share what it's like living there: 'My money goes a long way'
Florida's population has continued to boom despite costs going up and hurricanes intensifying.CNBC - Jan. 1 -
The 17 Best EVs Coming in 2025
After Jaguar’s chaotic relaunch and the pomp and theater of Tesla’s Cybercab reveal party, it’s hard to imagine the coming year will top 2024—until you see our picks for the best EVs of 2025.Wired - Jan. 1 -
365 Best Inspirational Quotes for 2025
“Whatever you do, don’t wake up at 65 years old and think about what you should have done with your life.”Inc. - 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
