Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, as the collapse of two regional US banks and the rescue deal for Credit Suisse raised concerns about the safety of bank deposits. More than… Read Full Article Here FT
(Reuters) – Billionaire hedge fund manager Bill Ackman has pledged $3.25 million to help buy more than a dozen ambulances for Ukraine as it defends itself against Russia’s invasion, according to a fellow investor who cited a conversation with him. Ackman’s donation will cover the purchase of 15 specially equipped Toyota 4×4 Land Cruiser ambulances […]
EDF, which is building Britain’s first nuclear power plant in 30 years, is fearful of a cash crunch as its Chinese partner may withhold extra funds from the project. EDF, the French-owned energy giant building Hinkley Point C in Somerset, has warned that the Beijing-controlled China General Nuclear (CGN) may not contribute to a fresh […]
An 82-year-old British Gas customer was forced to plunder his funeral savings in order to pay for a huge British Gas bill. The elderly widower saw his bill more than quadruple over winter, as wholesale gas and electricity prices skyrocketed following Russia‘s invasion of Ukraine. Barry Seckerson, 82, said that his energy bills left him […]
Millions of ordinary savers put their money and their faith into investment funds run by big-name asset managers that do not always live up to their billing. Many did worse than the wider market, including some huge funds that manage billions. While there is no shame in a year or two of poor performance, especially […]
Norway’s sovereign wealth fund Norges Bank Investment Management, one of the world’s largest, has divested its shares in Bharat Electronics Limited (Bel) for selling weapon systems to the Myanmar junta. The Indian government is studying the move made by the Fund as Norway is emerging as a key economic partner from northern Europe. The fund […]
PORT ANGELES — A crowdfunding effort to pay for advanced DNA testing of a severed foot that washed ashore in December 2021 raised $7,500 and the Clallam County Sheriff’s Office could hear back from the Texas-based forensics company in about a month, said Detective Sgt. Brian Knutson. Knutson said the company, Othram, will send the […]
Navigating a swirling torrent of scandals and calls for his resignation, embattled Republican Rep. George Santos pushed back Thursday on one of the most damning allegations against him: that he took thousands of dollars intended to fund a surgery for a veteran’s ailing dog. “The reports that I would let a dog die is shocking […]
Is white paint racist? Norway’s University of Bergen is exploring that question, asking how the aesthetic of white paint helped the nation contribute to white supremacy and helped “[make] the world whiter.” “Whiteness is not only a cultural and societal condition tied to skin color, privileges, and systematic exclusion, but materialize everywhere around us,” a rundown […]
While the era of NFT’s exchanging hands for expensive fees seems like a different time now, the NFT technology has always been attractive for more than one reason. NFTs are cryptographic assets that hold metadata and identification codes hosted on a blockchain. Unlike fungible tokens, NFTs cannot be exchanged or used for commercial transactions, and cannot […]