Latest in Funding Memo Reversal
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Google and Microsoft donate $1m each to Trump’s inaugural fund
Tech giants follow footsteps of other major companies, including Amazon, Meta, OpenAI and Uber. Google and Microsoft have donated $1m each to Donald Trump ’s inauguration fund, following in ...The Guardian - Jan. 9 -
NFL sends teams memo about 'importance of sportsmanship' before start of 2025 playoffs
There has been an uptick in fines for on-field acts this seasonCBS Sports - Jan. 9 -
How Elon Musk seized on baseless memo claim to fuel wave of misinformation
The X owner shared false claims that a Home Office memo urged police not to intervene in child grooming cases.BBC News - Jan. 9 -
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The Memo: Trump sparks political fight as Los Angeles wildfires rage
President-elect Trump has sparked a political battle over the wildfires ravaging Los Angeles even as those fires are still far from contained. Any suggestion that the disaster — which has already ...The Hill - Jan. 8 -
Anthropic in Talks for $2 Billion Funding Round
The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.The New York Times - Jan. 8 -
U.S. Funding Dispute With World Anti-Doping Agency Boils Over
After the Biden administration withheld funding to the agency, saying it had lost confidence in its ability to police elite athletes, WADA removed the United States from its board.The New York Times - Jan. 8 -
Taxpayer Advocate urges Congress to preserve IRS funding for service, technology
The National Taxpayer Advocate has urged Congress to preserve IRS funding for taxpayer service and technology amid Republican scrutiny.CNBC - Jan. 8 -
Reverse Power Rankings: January 8, 2025
The race is on for the bottom 5 teams to get the best odds to get the top pick in the 2025 NHL Entry Draft.Yahoo Sports - Jan. 8 -
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 -
Job openings reverse long decline, but the U.S. labor market is still not out of the woods
President-elect Donald Trump is inheriting low unemployment after several years of strong postpandemic hiring, but he’s also confronting a weakening labor market in which fewer jobs are available ...MarketWatch - 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 -
How Trump’s Mass Deportation Plans Could Reverse GDP Growth
Estimates of the effects of the president-elect’s plan to expel millions of undocumented workers are colored by politics, but detailed studies warn of major labor disruption, spiking business ...Inc. - Jan. 7 -
The Memo: Echoes of an earlier Jan. 6 reverberate as Trump’s win is certified by Congress
It was routine — and that was the point. Congress certified President-elect Trump’s election victory in a smooth and relatively brief ceremony Monday. The normalcy of the occasion was a ...The Hill - Jan. 6 -
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 -
Trump claims he will reverse Biden’s offshore drilling ban
President Biden bans new offshore drilling along most of the U.S. coastline as President-elect Trump plans to boost oil and gas productions during his second term. NBC News Senior White House ...NBC News - 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 -
In Reversal, Musk Trashes Farage, U.K.’s Anti-Immigrant Populist
Elon Musk, the billionaire backer of Donald J. Trump, had been promoting Nigel Farage. But on Sunday Mr. Musk said Mr. Farage “doesn’t have what it takes.”The New York Times - Jan. 5 -
Memo to Trump: US telecoms is vulnerable to hackers. Please hang up and try again | John Naughton
State-backed cyberspies are exploiting ageing infrastructure to penetrate every corner of the US government, it seems – even its phone-tapping systems. You know the drill. You’re logging into your ...The Guardian - Jan. 4 -
Republican Mike Johnson elected House speaker after dramatic vote reversals
President-elect Donald Trump congratulated Johnson, who eked out election as speaker of the House after a first ballot was kept open for more than an hour.CNBC - Jan. 4 -
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USC standout Emmanuel Pregnon reverses course and enters transfer portal
Emmanuel Pregnon, USC's top returning lineman, was supposed to be back with the Trojans in 2025, but he has decided to enter the transfer portal.Yahoo Sports - 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 -
Neil Young reverses decision on canceled Glastonbury performance
The 79-year-old rock legend said he'll perform at this year's Glastonbury festival after announcing earlier that he'd pulled out.Los Angeles Times - Jan. 3 -
Neil Young reverses his Glastonbury 'boycott'
The rock legend will now headline despite initially criticising what he called "corporate control".BBC News - Jan. 3 -
The Memo: New Orleans mass killing gets pulled into partisan political battle
It took less than 48 hours for the mass killing in New Orleans to be pulled into the partisan debates that are roiling the nation. In the process, some of the political rhetoric ran roughshod over ...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 decisionsFinancial 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
