Ex-hedge fund manager Scott Bessent confirmed as Trump’s Treasury secretary
Hedge fund manager Scott Bessent has pledged to crack down on federal off -rail spending and help Americans to avoid “$ 4 trillion tax raising” by the end of the year, but President Trump on Monday. It was confirmed as the Secretary of Finance. The Senate approved Bessent with 68-29 votes, set a 62-year-old, supervised […]
Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation | Bitcoinist.com – Bitcoinist
Sen. Craig Bowser, Republican of Kansas, invoice The aim is to allocate up to 10% of public servant retirement benefits to Bitcoin (BTC) exchange traded fund (ETF) products. Kansas senator proposes using Bitcoin as retirement fund The bill, titled “Senate Bill 34,” would authorize the Kansas Public Employees' Retirement System (KPERS) to invest up to […]
Trump may create fund to buy TikTok from ByteDance: sources
DAVOS, Switzerland — President Donald Trump is hell-bent on saving TikTok, and one solution he and his people are considering is a bid to buy the popular video-sharing app from the Chinese. Bank officials said it was the creation of a U.S. sovereign wealth fund, On the Money reported. I learned. The deal will involve […]
Hochul scrambles to fund NYPD’s $154M overnight subway staffing, as cops hit NYC trains after rash of violence
Gov. Cathy Hochul is still busy blocking funding for a $154 million raid on overnight subway trains by the New York City Police Department, even as the first wave of police stormed the tunnels this week. Only half of the cash needed for the six-month surge has been set aside, and Mr. Hochul asked for […]
Sam Altman claps back at Senate inquiry into Trump inaugural fund donation
OpenAI CEO and co-founder Sam Altman on Friday applauded two Democratic senators' investigation into a $1 million individual donation to President-elect Trump's inaugural fund, citing past donations to Democrats. quipped that they were not subject to the same scrutiny. ”[F]Hey, they never sent me these because of my contributions to the Democratic Party…'' Altman wrote […]
Auctioning Feds’ Assets Can Fund $1T of Trump Agenda
A populist proposal to auction off distressed federal assets, such as loans, to pay for infrastructure and other policy priorities for working-class Americans is likely to be the subject of former President Donald Trump's return to the White House next week. is attracting new interest. Going back to President Trump's first term, a bipartisan group […]
NYC Mayor Adams’ defense fund owes $735K as legal fees pile up — and donors disappear
Mayor Eric Adams has amassed hundreds of thousands of dollars in unpaid legal fees to fight the historic federal indictment, but contributions to his defense fund have all but dried up. Hizzoner's trust raised just $2,200 from just two donors in the past three months, according to a disclosure report filed late Wednesday. At the […]
Bill Ackman backs fellow hedge fund billionaire Whitney Tilson for NYC mayor
Billionaire investor Bill Ackman is flexing his political muscle again, this time by publicly promoting former hedge fund manager Whitney Tilson's candidacy for New York mayor. That's because “we don't want New York City to become San Francisco or, God forbid, Los Angeles.” Tilson, who founded Kase Capital Management in 1999 and was one of […]
Fund manager reveals how his little-known ETF gained 80% in 2024 – CNBC
Artificial intelligence will continue to be a growing investment theme in 2025 and beyond, according to a tech fund manager who posted an 80% return in 2024. Beck Lee, chief investment officer of Hong Kong-listed exchange-traded fund Pando CMS Innovation ETF, said the fund selects stocks based on independent research that combines macroeconomic factors and […]
California Dems Propose ‘Slush Fund’ To ‘Trump-Proof’ Illegal Migrants From Deportation Amid Deadly Wildfires
California Democratic lawmakers have earmarked $50 million in state funding to fund legal battles against the incoming Trump administration and protect illegal immigrants from deportation as the state battles one of the most costly wildfire disasters in history. reportedly proposed. The $50 million proposal comes as California Gov. Gavin Newsom's special legislative session began convening […]