Sierra Raises Funding

Leveraged hedge funds magnified August market sell-off, Fed says

US central bank report pins blame for trading volatility partly on investors that had taken on too much debt

World - Financial Times - Yesterday

Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

The founder of Key Square Group was deemed a strong favorite to lead the Treasury Department, along with several other contenders.

Business - CNBC - Yesterday

Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial markets. Trump’s administration and White House staffing picks and likely contenders – so far ...

World - The Guardian - Yesterday

Trump picks hedge fund manager Scott Bessent to serve as treasury secretary

President-elect Donald Trump on Friday announced he had asked Scott Bessent, a hedge fund executive and top fundraiser to his campaign, to serve as secretary of the Treasury Department.

Trump picks hedge fund exec Scott Bessent as treasury secretary

President-elect Trump announced a barrage of new picks for key roles in his administration, including hedge fund manager Scott Bessent to be his treasury secretary. NBC’s Aaron Gilchrist reports ...

Politics - NBC News - 22 hours ago

Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round

The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.

Tech - The Wall Street Journal - 3 days ago

Alleged Al Fayed victims raise concerns over Harrods settlement process

Four women have decided to discontinue claims through the London department store’s scheme

Business - Financial Times - October 25

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.

Business - The New York Times - October 25

Chancellor set to hike employers' National Insurance to raise £20bn

Rachel Reeves is also expected to lower the threshold for when employers start paying the tax, in next week's Budget.

England's defensive woes in loss to Germany raise alarm about Euros readiness

The Lionesses conceded four goals in a loss that forces England's coach to answer questions.

Sports - ESPN - October 27

Rachel Reeves aims to raise up to £20bn from national insurance rise

Employers’ contributions set to increase by 2 percentage points in next week’s Budget

Business - Financial Times - October 26

North Korea's foray into Ukraine riles US, raises global risks

This week’s revelations that North Korean troops could within days join Russia’s war in Ukraine have raised the prospect of the U.S. and its allies getting more involved in the conflict. The Biden ...

Politics - The Hill - October 26

Israel strikes military targets in Iran in reprisal that raises risk of regional war

Air attack completed on Saturday morning hit missile and drone manufacturing sites, says IDF. Israel strikes Iran – follow the latest IDF strikes military sites in Iran: what we know so far ...

World - The Guardian - October 26

RFK Jr.'s presence on Michigan, Wisconsin ballots raises concerns for Trump

Robert F. Kennedy Jr.’s presence on the ballot in the swing states of Michigan and Wisconsin is raising concerns that he could inadvertently draw crucial votes from former President Trump. Kennedy, ...