TikTok plans to shut US operations of its social media app used by 170 million Americans on Sunday, when a federal ban is set to take effect, barring a last-minute reprieve, according to people familiar with the matter. The Washington Post reported president-elect Donald Trump, whose term begins a day after a ban would start, … Read more
According to the US Bureau of Labor Statistics, the US Consumer Price Index (CPI) for all urban consumers increased by 0.4% in December 2024 compared to a 0.3% jump in November. Headline CPI rose 2.9% year-over-year in December, in alignment with projections from economists. Furthermore, core CPI, excluding the volatile food and energy index, rose … Read more
BlackRock’s timing couldn’t be better: It literally exited a weird, self-serving and futile environmental virtue signaling coalition of companies, sponsored by the unctuous bureaucrats at the United Nations no less, as Los Angeles was being burned to the ground because of woke climate policies. Corporate leaders are getting the memo, while progressives are left to … Read more
A recent US Securities and Exchange Commission (SEC) filing revealed that Elon Musk’s AI company, xAI, raised £4.78 billion ($6 billion) from 97 investors in exchange for equity. The funds will be used to expedite training its powerful AI model, Grok 3, alongside enhancing technology across SpaceX and Tesla. The Grok AI model will likely … Read more
BlackRock, the world’s biggest asset manager, cut its support for shareholder proposals linked to environmental and social issues to a fresh low of 4.1% in the most recent annual general meeting season, it said Wednesday. Despite the number of environmental and social-related proposals increasing year on year to 493 from 455, BlackRock said most had been rejected … Read more
According to the old cliché, opposites attract. And there may be no greater example of this than the odd, interesting, and for the country beneficial relationship between Larry Fink and Donald Trump. Yes, you read that right. Fink and Trump. A match made in heaven? No, to be more precise, made on Wall Street, with … Read more
This was in response to a supplementary question from Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang) who asked about the rationale behind the decision to choose GIP as part of the consortium in the exercise to privatise MAHB. Earlier on in reply to a question from Mohd Shahar Abdullah (BN-Paya Besar) who asked Anwar to … Read more
A new stock exchange in Dallas, Texas, is set to begin securities trading next year, with plans to start listing companies by 2026. The Texas Stock Exchange (TXSE) Group has secured $120 million in funding from over two dozen investors, including Larry Fink’s Blackrock and Kenneth Griffin’s Citadel, making it “the most well-capitalised exchange entrant … Read more
Yes, Larry Fink really stepped in it when he started messaging woke Environmental Social Governance as the savior of mankind. But this column has always sought to put his career into the context it deserves. Fink is one of the most knowledgeable financiers on the planet, and it’s worth paying attention to what he says … Read more
BlackRock Inc, Ark and several other prospective issuers of exchange-traded funds investing directly in Bitcoin in the US filed amended forms for their applications on Monday with the Securities and Exchange Commission. Fidelity, Invesco and Galaxy Digital and WisdomTree were among other firms that filed amended S-1 applications with the SEC. The regulator has until … Read more
