Latest in Pension Funds Swell
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76ers' Joel Embiid out 7 to 10 more days after increased swelling in left knee
Between injuries and suspensions, Embiid has played in just 13 games this season.Yahoo Sports - 8h -
Bond funds are offering a ‘double whammy’ for investors
Many of these funds are trading at deep discounts and may have tempting distribution yieldsMarketWatch - 5h -
Joel Embiid injury update: Sixers star out at least another week due to swelling in left knee
Philadelphia's schedule is getting tough, and Embiid will not be with the team on its upcoming road tripCBS Sports - 7h -
Crypto in your pension? It’s not going to help.
U.S. state and local pension funds are looking at speculating on cryptocurrencies to solve their funding crisis.MarketWatch - 8h -
Embiid to miss road trip as knee swelling returns
Joel Embiid will miss the Sixers' road trip with a recurrence of swelling in his left knee. The team said Embiid will be evaluated again in 7-10 days.ESPN - 8h -
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Is SLB an AI play? Oil company’s CEO makes the case as power demand swells.
The stock of SLB, the oil-services company formerly known as Schlumberger Ltd., rose 3% early Friday after the company posted better-than-expected earnings for the fourth quarter, driven by ...MarketWatch - 10h -
Sharia pension funds swell amid returns boost
Funds outperform their default peers over the past decadeFinancial Times - 11h -
‘I am afraid to push the system for an answer’: I’m a firefighter, 57, from Oklahoma. If I die, will my husband be denied my pension?
“As you can probably guess, firefighters in same-sex relationships are not that common in Oklahoma.”MarketWatch - 12h -
UK councils say government ‘can’t have it both ways’ on pension reform
Town halls in England and Wales warn that requirement to take ‘principal advice’ from pools could create conflict of interestFinancial Times - 1d -
U.S. budget deficit swells to record $711 billion in first quarter of fiscal year
The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39%, the Treasury ...MarketWatch - 3d -
New French PM opens door to rolling back Macron’s pensions reform
François Bayrou’s offer to review law comes as he seeks allies to help pass deficit-cutting budgetFinancial Times - 3d -
Pension managers urge UK to ditch ‘megafund’ scale test
Ministers say consolidation of retirement schemes would cut costs and boost investmentFinancial Times - 4d -
Your new year pension tidy up could drag on until spring
Why is it so difficult to transfer your retirement savings to a new provider?Financial Times - Jan. 10 -
Michael Sheen to fund new national theatre for Wales
The actor says he is putting everything behind starting Welsh National Theatre.BBC News - Jan. 10 -
Microsoft contributes $1 million to Trump's inauguration fund
Microsoft would like President-elect Donald Trump to make sure that U.S. artificial intelligence policy in the next four years will support its goals.CNBC - Jan. 9 -
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 -
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 -
'I can't get divorced as I can't get my pension valued'
Divorcing teachers say they are living in limbo waiting for pension valuations to be calculated.BBC News - 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 -
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 -
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 -
Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners
President Joe Biden on Sunday signed the Social Security Fairness Act into law, clearing the way for nearly 3 million public workers including teachers, firefighters and police to see an increase ...NBC News - Jan. 6 -
Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners. Here's what that means for retirees
Two provisions have been eliminated that reduced Social Security benefits for public workers who receive pensions. Here's what that means for retirees.CNBC - 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 -
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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 -
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 -
Labour’s pension reforms are based on flawed analysis
What exactly do savers get out of investing in the UK, other than a patriotic glow?Financial 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 -
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