Latest in Fund Managers
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Elon Musk’s xAI Raises $6 Billion in New Funding
“A lot of compute is needed,” Mr. Musk said in a post about the financing, in which BlackRock, Fidelity and Sequoia participated.The New York Times - 7h -
Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.MarketWatch - 7h -
‘I Don’t Digest Food Properly Now’: The Pressure of Managing a Soccer Team
Premier League managers have a hard time switching off. Some struggled to describe how they relax.The New York Times - 10h -
Portfolio manager names Chinese and European stocks promising 'strong returns' despite market uncertainty
Pella Funds has been targeting firms in China and Europe that have executed well despite the political and economic turmoil in their markets.CNBC - 16h -
The Juan Soto wealth effect: Soaring athlete salaries attract wealth management firms
Skyrocketing salaries for top athletes and lucrative deals for college players have touched off a new gold rush among wealth management firms.NBC News - 5h -
Lumps of coal for Wall Street money managers — again
Once again, you were better off buying the assets on Wall Street that were the most hated by the big-money crowd than the assets that were most loved.MarketWatch - 9h -
Defense fund established by supporters of suspected CEO killer nears $200K
Supporters of Luigi Mangione are raising tens of thousands of dollars for his defense fund.ABC News - 1d -
3 Troubling Workplace Trends Managers Need to Watch For in 2025
Shifts in technology, the labor market, and hiring trends will reverberate through workplaces next year, experts say. Here’s how you can prepare.Inc. - 1d