Latest in Million Federal Funding
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The U.S. Economy Is Stuck in a Showdown Between Trump and the Federal Reserve
The president-elect wants lower interest rates but Jerome Powell sees them staying high.Inc. - 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 -
Trump allies' lawyer under consideration for top federal prosecutor in D.C.
John Irving, a former federal prosecutor who now represents several Trump-world figures, is under consideration to be named the U.S. attorney in Washington, D.C.CBS 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 -
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 -
New federal rule will remove medical debt from credit reports
A new rule on medical debt could affect millions of Americans' credit scores.ABC News - Jan. 7 -
Biden announces more federal resources for New Orleans after deadly attack
As President Biden met with families of victims of the New Orleans pickup truck attack, the White House announced more federal resources to protect the city as it looks forward to the Super Bowl ...NBC News - 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 -
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 -
California Police Department Agrees to Reforms After Federal Inquiry
The Antioch Police Department was under investigation by the Justice Department after racist text messages between its officers were released in 2023.The New York Times - Jan. 5 -
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Why is George Santos asking for a sentencing delay in federal fraud case?
George Santos is currently scheduled to be sentenced next month on Long Island after pleading guilty to federal fraud, campaign finance and embezzlement charges.ABC News - Jan. 3 -
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 -
House Republicans Pledge Drilling and Make It Easier to Shed Federal Land
The newly elected Speaker said the party would make it a priority to “restore America’s energy dominance.”The New York Times - Jan. 3 -
Federal court decision won't change California net neutrality law
The 6th Circuit Court of Appeals blasted the FCC's attempts to regulate broadband internet, but state laws in California and New York remain intact.Los Angeles Times - Jan. 3 -
Federal agencies warn of copycat attacks after Bourbon Street rampage
Federal agencies including the FBI warned of the potential for copycat vehicle ramming attacks after the deadly rampage on Bourbon Street in New Orleans.CBS News - Jan. 3 -
Net neutrality rules about internet speeds blocked by federal appeals court
A federal appeals court has ruled that the FCC overstepped its authority by reinstating "net neutrality" rules governing internet service providers.CBS 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 -
Biden Expected to Permanently Ban Oil Drilling in Some Federal Waters
The move, expected as early as Monday, relies on a 70-year-old law that could make it difficult for the Trump administration to reverse it.The New York Times - Jan. 2 -
Federal Court Strikes a Final Blow to FCC's Net-Neutrality Rules
Appeals-court decision ends effort to regulate internet providers like utilities, citing Supreme Court decision restraining federal agencies’ powers.The Wall Street Journal - Jan. 2 -
FCC’s Net Neutrality Rules Struck Down by Federal Appeals Court
After nearly two decades of fighting, the battle over regulations that treat broadband providers as utilities came to an end on Thursday.The New York Times - Jan. 2 -
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 -
Federal appeals court strikes down Biden net neutrality rules
A federal appeals court ruled this week the Federal Communications Commission (FCC) lacked the authority to restore certain net neutrality rules last year, handing a blow to FCC Democrats and Biden ...The Hill - Jan. 2 -
Federal Judge Keeps Poland Spring’s Water Origin Lawsuit on Docket
A class action suit filed in 2017 that claims ‘not one drop’ of the popular bottled water brand comes from a natural spring will proceed, though some claims were dismissed.Inc. - 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 -
Federal Agents Search Home of Former NYPD Chief Jeffrey Maddrey
Jeffrey Maddrey, who had been chief of department, resigned on Dec. 20 after a lieutenant accused him of coercing her into sex.The New York Times - Jan. 2 -
Evidence Against Drinking Has Grown. Will Federal Advice Change?
Officials in other countries are warning about the health hazards of alcohol in any amount. Americans are still told that moderate drinking is safe. What gives?The New York Times - Jan. 2 -
Federal authorities on heightened terror alert despite no known threat
The FBI confirmed that an ISIS flag was on the vehicle used in the deadly New Orleans truck ramming attack that killed at least 15 people and injured dozens of others. It comes as the FBI says the ...NBC News - Jan. 2 -
Biden briefed on New Orleans attack, spoke to mayor about federal support
NBC News' Gabe Gutierrez reports that President Biden has been briefed after a car drove into a crowd in New Orleans and has spoken to the mayor of the city to offer support as the investigation ...NBC News - 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
