investments
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Tech
ChatGPT owner OpenAI valued at whopping $157B
Sam Altman’s OpenAI raised $6.6 billion in a new fundraising round that nearly doubled its valuation to $157 billion –…
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Business
Harvard’s endowment among Ivy League’s worst-performing funds after years of overpaying managers: report
Harvard University’s endowment ranks second-to-last among Ivy League schools in annualized returns over the last 20 years — hurt partially…
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Business
Why ‘capital preservation’ could be your riskiest — and worst — strategy for retirement
World peace. Calorie-free cheesecake. Sensible politicians with your interests at heart. Like all these pipe dreams, investment strategies promising both growth and capital preservation…
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Stories
State finance bigs rip Brad Lander for pushing retailers to sell abortion pill
The top financial officers of 14 conservative states ripped city Comptroller Brad Lander Monday for pressuring major US retailers to…
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Business
Goldman Sachs will reportedly fire more than 1,300 employees
David Solomon is sharpening the axe again. The Goldman Sachs CEO will slash more than 1,300 jobs as part of…
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Business
BlackRock support for ESG shareholder resolutions hits fresh low
BlackRock, the world’s biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a…
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Business
Bill Ackman’s hedge fund bets on Nike in first new investments in over a year
Billionaire investor William Ackman built new stakes in sportswear company Nike and investment management company Brookfield during the second quarter, according to…
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Business
Jamie Dimon’s JPMorgan deputy sees power base eroded by boss
JPMorgan Chase CEO Jamie Dimon elevated executives at the banking giant who are seen as loyal to him — at…
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Tech
Silicon Valley cheers JD Vance, more tech billionaires back Trump
Donald Trump’s selection of Sen. JD Vance as his 2024 running mate is seen as a potential windfall for Silicon…
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Business
Rivian soars as Volkswagen plows $5B into EV maker: ‘Game changer’
Electric car maker Rivian’s shares soared 28% Wednesday after Volkswagen revealed it would invest up to $5 billion to jumpstart…
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