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The 60/40 portfolio 'may no longer fully represent true diversification,' BlackRock CEO Larry Fink says
When it comes to investing, a 50/30/20 allocation to stocks, bonds and private assets may become the "future standard portfolio," BlackRock's Larry Fink says.CNBC - 9h -
UK cladding fund fix would enable 90,000 affordable homes, councils say
Letter to ministers points out that schemes to reimburse dangerous material removal exclude social housingFinancial Times - 3d -
OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
If OpenAI doesn't restructure into an independent for-profit company by Dec. 31, its mega-financing round could be slashed by $10 billion.CNBC - 2d -
This bond fund manager dropped out of a Ph.D program to find her passion in finance
Federated Hermes' Kathryn Glass wasn't always set on a career in finance.CNBC - 2d -
Harvard says it will work with federal antisemitism task force amid threat of funding loss
Harvard President Alan Garber says his university will work with the federal antisemitism task force after it launched a review of the school. On Monday, the task force announced it will be ...The Hill - 1d -
OpenAI closes $40 billion funding round, largest private tech deal on record
OpenAI on Monday announced the close of its $40 billion financing, the most money raised in a single round by a private tech company.CNBC - 1d -
How to Make Smart Financial Decisions When Expensive Funding Is Your Only Option
Understanding the implications of expensive capital and developing a strategy to manage it can mean the difference between survival and financial distress.Inc. - 1d -
Cliff Asness's AQR multi-strategy hedge fund returns 9% in the first quarter during tough conditions
The Apex strategy from Cliff Asness' firm, which combines stocks, macro and arbitrage trades with $3 billion in assets under management, gained 9% in Q1.CNBC - 1d -
US health secretary and agency sued by 23 states and DC over $11bn funding cut
Lawsuit alleges department’s ending of wide array of grants is ‘unlawful’ and poses ‘serious harm to public health’. Twenty-three states and the District of Columbia are suing the US Department of ...The Guardian - 2h -
Trump Administration Abruptly Cuts Billions From State Health Services
States have been told that they can no longer use grants that were funding infectious disease management and addiction services.The New York Times - 6d -
To Secure $40 Billion, OpenAI Must Complete For-Profit Transition by End-Year
SoftBank can reduce funding to $20 billion if OpenAI fails to fully transition by the deadline.Inc. - 4d -
In Hawaii, where 90% of food is imported, farmers who offset imbalance now face cuts
Since the Trump administration paused funds, local farmers say they're in survival mode.NBC News - 2d -
Google DeepMind’s drug discovery spin-off Isomorphic Labs raises $600mn
AI unit is boosted by first external funding round led by OpenAI-backer Thrive CapitalFinancial Times - 2d -
Trump Administration Has Begun a War on Science, Researchers Say
Nearly 2,000 scientists urged that Congress restore funding to federal agencies decimated by recent cuts.The New York Times - 2d -
Chef Robotics raises $20.6 million to continue building AI robot arms
Chef Robotics has raised $20.6 million in a Series A funding round led by Avataar Ventures, the company told CNBC.CNBC - 2d -
Trump's tariffs could mean big business for supply chain software startup LightSource
LightSource, a supply chain software startup, has raised $33 million in a funding round led by Bain Capital and Lightspeed.CNBC - 2d -
The rise of the trophy SWF
Everybody wants sovereignty. Everybody wants wealth. Yet a fund is not, sadly, a reliable route to their creationFinancial Times - 1h -
HTC’s Viverse Creator Program opens globally for 3D artists
HTC announced it's opening the Viverse Creator Program to all 3D creators around the globe seeking funding for their projects.VentureBeat - 1h -
Danish foreign minister scolds Trump administration for its criticism of Denmark and Greenland
The Danish foreign minister has scolded the Trump administration for its “tone” in criticizing Denmark and Greenland, saying his country is already investing more into Arctic security and remains ...ABC News - 4d -
Liverpool and PSG owners compete to buy Malaga
As reported by L’Équipe last week, Paris Saint-Germain’s Qatari Sports Investment (QSI) owners are in talks to purchase Liga 2 side Malaga, however, The Athletic understands that they may now...Yahoo Sports - 2d -
China's telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
Chinese telecoms gear giant Huawei says its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologiesABC News - 2d -
Feb 24: CBS News 24/7, 1pm ET
President Trump and French President Emmanuel Macron meet at the White House to discuss the war in Ukraine; Apple plans to invest $500 billion in the U.S. over the next four years.CBS News - 2d -
Approach of Porter aligns with Rodriguez, West Virginia
Larry Porter didn’t need much convincing when it came to working with Rich Rodriguez. The allure to West Virginia for Porter was largely due to the fact that Rodriguez has so much invested in the ...Yahoo Sports - 8h -
Protect Your Nintendo Switch 2 With These Official Carrying Cases
Nintendo has officially revealed the Switch 2 , which launches on June 5 and carries a $450 price tag. That makes it a fairly hefty investment--and if you plan to lug the handheld console around ...GameSpot - 7h -
Trump executive order targets the Smithsonian over 'divisive, race-centered ideology'
President Trump threatened to block funding for Smithsonian exhibitions that discuss racism and ordered the restoration of monuments taken down because of their celebration of racist figures.Los Angeles Times - 5d -
Decision day in court for Marine Le Pen's French presidential hopes
Accused of misusing EU funds, Monday's verdict could determine whether the far-right National Rally leader can run again.BBC News - 3d -
The history of Voice of America
The Congressionally funded broadcaster is both a global information source and an American foreign policy tool. Now, with an executive order, the Trump administration silenced VOA for the first ...CBS News - 2d -
France's Marine Le Pen barred from running for public office for 5 years after embezzlement conviction: Media
Marine Le Pen on Monday was found guilty of misappropriating EU funds in an historic trial that could halt her future presidential election hopes.CNBC - 2d -
Professors Pushed Harvard to Resist Trump. Now Billions Are on the Line.
Harvard, the wealthiest school in the world, sought compromise amid pressure to do more to combat antisemitism. The Trump administration is examining its funding anyway.The New York Times - 1d -
Justices divided over Medicaid 'right' to choose Planned Parenthood clinics
The battle over taxpayer funding for Planned Parenthood takes center stage at the Supreme Court in a South Carolina dispute over Medicaid providers.ABC News - 3h -
CFPB, the consumer watchdog agency, under fire by President Trump, DOGE | 60 Minutes
The Consumer Financial Protection Bureau, a watchdog agency created to protect consumers, is under fire by President Trump and DOGE. Its new head ordered work to stop and funding to end.CBS News - 3d -
‘We are thinking about it’: Euro giants’ club chief confirms interest in summer swoop for Man Utd star
INEOS are hoping to raise substantial transfer funds via player sales when the summer window opens.The likes of Jadon Sancho, whose loan deal includes a £20-25 million obligation to buy, will ...Yahoo Sports - 2d -
Myanmar earthquake: China and others step into aid gap left by Trump cuts
US president accused of blowing up country’s ability to respond to disasters by removing funding. As aid from China, Russia, India and the UK begins to flow into Myanmar, there is a conspicuous gap ...The Guardian - 2d -
Marine Le Pen attacks ban on French presidency run as a ‘political decision’
Far-right leader, who was found guilty of embezzlement of European funds, says conviction is a ‘denial of democracy’. The French far-right leader Marine Le Pen has railed against a Paris court’s ...The Guardian - 2d -
$40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear
In a move that surprised the tech industry Monday, OpenAI said it has secured a monumental $40 billion funding round led by SoftBank, catapulting its valuation to an unprecedented $300 billion -- ...VentureBeat - 2d -
Colleges watch nervously as Columbia scrambles to appease Trump
Universities could soon face two tough options: bow to the Trump administration or fight back. The federal government has yet to restore $400 million in frozen funding to Columbia even after the ...The Hill - 1d -
Supreme Court sympathetic to claim brought by Catholic charities over tax exemptions
The Supreme Court appeared sympathetic to a claim brought by Catholic-affiliated charitable groups that they were wrongly denied religious exemptions from a state tax that funds unemployment ...NBC News - 1d -
Trump administration suspends a host of federal grants to Princeton University
The Trump administration cut funding to a host of Princeton University research projects, the school said Tuesday, making it the latest Ivy League institution whose federal backing has been reduced ...NBC News - 1d -
Mar 28: CBS News 24/7, 4pm ET
Major law firm reaches deal with Trump administration, will fund causes in line with Trump priorities; California teen makes history by becoming the youngest person to pass the bar exam.CBS News - 1d
