Latest in Wealth Fund Announces
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Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform
At least 50% of the capital will be allocated to investments in the kingdom and to expanding international companies' presence in the local market.Business - CNBC - 7 hours ago -
Reeves cuts National Wealth Fund budget despite UK investment drive
Chancellor’s decision comes as government seeks to work with private sector to decarbonise economyBusiness - Financial Times - October 14 -
Saudi Arabia’s wealth fund pivots from international investments
Public Investment Fund will focus more of its financial firepower on domestic projectsBusiness - Financial Times - Yesterday -
Chancellor sets out new funding for extra NHS appointments
The government says it will invest £1.57bn in new equipment and buildings, in a bid to increase appointments.Top stories - BBC News - Yesterday -
World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).Business - CNBC - October 22 -
How a U.S. sovereign wealth fund could help Americans and challenge China’s global influence
Direct investment in long-term international development projects could boost Americans’ well-being for generationsBusiness - MarketWatch - 4 days ago -
Biden administration announces $2 billion in funds to strengthen electric grid
The Biden administration on Friday announced $2 billion in funding for projects to strengthen the resilience of the U.S. grid against extreme weather, an increasing concern following two ...Politics - The Hill - October 18 -
The Day Before Dev's Kickstarter Canceled After Minimal Funding, Announces New Project
Fntastic, the developer behind the troubled game The Day Before , has canceled its Kickstarter campaign for Escape Factory due to a lack of interest. The game, which aimed to deliver a ...Tech - GameSpot - October 23 -
Switzerland’s wealth managers bank on a future in Asia
Hong Kong and Singapore are the world’s rising wealth centresWorld - Financial Times - October 16 -
The great wealth transfer is underway. Here's how to prepare
The great wealth transfer is underway with an estimated $84 trillion projected to change hands by 2045. Here's how families can prepare.Business - CNBC - 6 days ago -
Why America’s polarized politics can be hazardous to your investment returns
Which would you rather have: more profit or political beliefs that are never challenged?Business - MarketWatch - 4 days ago -
StanChart to double investment in wealth management as profits rise
Wealth business had record quarter as revenues rose 32%Business - Financial Times - 10 hours ago -
Trio of professors win Nobel economics prize for work on post-colonial wealth
British-born Simon Johnson and James A Robinson and Turkish-American Daron Acemoğlu share £810,000 prize . Three US-based professors, including two UK-born academics, have been awarded this year’s ...World - The Guardian - October 14 -
Trio of economists wins Nobel Prize for work on wealth of nations
Daron Acemoglu, Simon Johnson and James Robinson commended for advancing understanding of inequalityBusiness - Financial Times - October 14 -
Dozen Labour MPs join call for 'extreme wealth' tax
The MPs want Rachel Reeves to bring in a 2% tax on assets over £10m, which they claim could raise £24bn per year.Top stories - BBC News - October 22 -
Reeves to promise ‘wealth and opportunity for all’ in major tax-raising budget
Having announced minimum wage boost, chancellor to say she can spare working people from tax rises. Autumn budget live: latest news updates The UK’s national minimum wage is to rise by a ...World - The Guardian - 23 hours ago -
Games VC funding is stabilizing, but growth-stage funding is up | Konvoy
Konvoy has published its latest report on venture capital funding in the gaming industry, which shows signs of normalizing.Tech - VentureBeat - October 16 -
Public Investment Fund’s desert mirage
Plus, why Topgolf is parting with its owner and HSBC‘s boss says it isn’t splitting upWorld - Financial Times - 16 hours ago -
Conor McGregor's many retirement announcements
As he talks once more about not fighting again, fans have become accustomed to McGregor saying farewell.Sports - ESPN - Yesterday -
Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.Business - CNBC - October 16 -
A lot of your personal wealth is tied up in your employer. How to spread out the risk.
Direct indexing and individualized portfolios can help an investor avoid overexposure to an employer’s stockBusiness - MarketWatch - October 19 -
Britain’s wealth gap is growing, its malign effects seep into all aspects of life. It’s a national disaster | Will Hutton
Wealth distribution reeks of unfairness and poses as big a threat to the country’s wellbeing as climate change. Britain is a wealthy country, but the gap between our richest and poorest 10% is now, ...World - The Guardian - October 20 -
Tom Brady brings a wealth of football acumen, aura to Raiders franchise after joining ownership group
Raiders owner Mark Davis will lean on the GOAT for QB advice and much moreSports - CBS Sports - October 20 -
Ex-Abercrombie CEO used power, wealth and influence to traffic vulnerable men, prosecutors say
Prosecutors in the US said the men used force, fraud and coercion to engage in "violent and exploitive" sexual acts.Top stories - BBC News - October 23 -
Elon Musk’s wealth sees record two-day swell as Tesla’s stock surges
The EV giant’s stock is seeing the biggest two-day price gain in its history, adding $38 billion to Musk’s wallet.Business - MarketWatch - 4 days ago -
Our perverse respect for immense wealth allows Musk and Zuckerberg to run riot | John Naughton
The megalomaniacs who control X and Facebook are only able to pollute the public sphere and undermine democracy because of our deference to money. There are two kinds of aphrodisiac. The first is ...World - The Guardian - 4 days ago -
Vista's Robert Smith: How to prevent AI from further widening the racial wealth gap
. If current trends hold, the new wealth created by generative AI alone will increase the racial wealth gap by $43 billion annually, according to McKinsey.Business - CNBC - Yesterday -
SBA disaster loan fund running low
Welcome to The Hill's Business & Economy newsletter {beacon} View Online Business & Economy Business & Economy The Big Story SBA disaster loan fund running low Congress is facing more pressure ...Politics - The Hill - October 14 -
SBA Depletes Disaster Loan Funds After Helene and Milton, Biden Says
Federal officials urged people to keep applying for the loans, which they said they would continue to process while awaiting more funding from Congress, which is not set to reconvene until Nov. 12.Top stories - The New York Times - October 15 -
Small Business Administration out of disaster relief funds
The Small Business Administration, a key federal program that provides disaster loans, said it has run out of funds for new emergency loans following hurricanes Helene and Milton.Top stories - CBS News - October 15 -
US unveils sanctions targeting Hezbollah funding
The Biden administration announced new sanctions Wednesday against three individuals and four companies with alleged ties to revenue streams for the Lebanese militant group Hezbollah. A press ...Politics - The Hill - October 16 -
GOP senators push for more FEMA funding
A group of GOP senators announced legislation Wednesday to replenish a critical disaster relief fund as members on both sides have sounded alarm over its finances amid back-to-back hurricanes. The ...Politics - The Hill - October 16 -
Unequal school funding hobbles the American dream
The next administration must act on disparities in education resources and teaching quality that choke social mobilityWorld - Financial Times - October 17