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July 4, 2022

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$76B state budget would pour billions into struggling pension funds

Detriot News
Detroit News – For more and to sign up click here $76B state budget would pour billions into struggling pension funds News Sports Autos Business Michigan Life + Home Entertainment Opinion Obituaries Lansing — Michigan lawmakers on Thursday were advancing a nearly $76 billion budget plan that would forgo immediate tax relief......

DOJ says the U.S. and allies have frozen $30 billion of Russian elites’ assets, $300 billion of Moscow bank funds

CNBC
CNBC – For more and to sign up click here The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

China proposes rules to regulate private pension investment via mutual funds

Reuters
A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension......

Top Republican senators accuse the White House of dissembling on Covid aid amid pleas for more funds.

New York Times
The Republican senator who had been leading negotiations with the White House over new pandemic relief funding accused the Biden administration on Thursday of giving him “patently false” information when it said it was out of money to buy more coronavirus vaccines and treatments, in a tense exchange that appeared......

Investors have access to more actively managed exchange-traded funds. Here’s how they may help during market volatility

CNBC
CNBC – For more and to sign up click here Amid ongoing market volatility, actively managed exchange-traded funds may have a place in your portfolio. Most ETFs, which trade throughout the day like stocks, are passively managed — which means a fund’s performance generally mirrors the ups and downs of......

Sequoia raises $2.85 billion in India, Southeast Asia funds

Reuters
Gojek driver helmets are seen during Go-Food festival in Jakarta, Indonesia, October 27, 2018. REUTERS/Beawiharta Register now for FREE unlimited access to Reuters.com Register MUMBAI, June 14 (Reuters) – Sequoia Capital has raised $2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday, looking......

Goldman Sachs E.S.G. Funds Prompt Regulatory Investigation

@BreaknNews
The Securities and Exchange Commission is investigating Goldman Sachs over its E.S.G. investment funds — funds that invest in companies that say they are committed to environmental, social and governance principles, according to two people familiar with the matter. The agency is examining E.S.G. mutual funds overseen by the bank’s......

January 6 Attack Hearing, Private Funds For Immigration, Supreme Court Nears Term End : Up First

NPR
NPR The panel investigating the January 6 attack shares its findings in a televised primetime hearing. The US seeks private funds for immigration issues. And a fraught Supreme Court readies the most high-profile rulings of its term. NPR is doing its annual survey to better understand how listeners like you......

Aid Stalled, White House to Shift Testing Funds to Vaccines and Treatments

New York Times
WASHINGTON — White House officials said on Wednesday that they would have to repurpose federal Covid-19 funds meant for coronavirus tests and protective equipment in order to supply more antiviral pills and vaccines, after so far failing to persuade Congress to pass a new pandemic relief package. Roughly $10 billion......

Another record-high Social Security cost-of-living adjustment in 2023 could put more money in retirees’ wallets, impact program’s funds

CNBC
CNBC – For more and to sign up click here Westend61 / Josep Rovirosa | Getty Images Social Security beneficiaries saw the biggest cost-of-living adjustment in about 40 years in 2022, when they received a 5.9% boost to their monthly checks. Next year, that annual adjustment may even go as......

DeSantis Vetoes Funds for Rays After Team’s Tweets on Gun Violence, per Report

Sports Illustrated
http://www.si.com/.image/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200/MTg5OTQ0NTEwOTgwMDQwNDQ2/ron-desantis.jpg Madison Williams Editor’s note: This story contains details of a mass casualty event and gun violence. Florida governor Ron DeSantis vetoed $35 million in state funding to the Rays reportedly due to the team tweeting awareness about gun violence in America, CNN reported on Friday. The money was supposed to help fund......

Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%

CNBC
CNBC – For more and to sign up click here Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused......

The city must stop CUNY Law using taxpayer funds to target Jewish students

NYPost
Marc Edelman In the past year alone, CUNY Law’s Student Government Association passed a resolution to ban Hillel and other Jewish institutions from campus. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

Column: Recession risk keeps funds cautious on oil despite sanctions: Kemp

Reuters
An aerial view shows oil tank cars and railroad freight wagons in Omsk, Russia May 24, 2022. Picture taken with a drone. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register LONDON, May 30 (Reuters) – Portfolio investors turned cautious on oil again last week after a sharp......

SEC unveils rules to prevent misleading claims and enhance disclosures by ESG funds

CNBC
CNBC – For more and to sign up click here Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images The Securities and Exchange Commission on Wednesday proposed two rule changes that would prevent misleading or......

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