Elon Musk's AI company has restricted Grok's controversial AI image-generation feature to only paying subscribers on X, after the tool invited heated criticism from across the world for letting users generate sexualized images of women and children.
Elon Musk's AI company has restricted Grok's controversial AI image-generation feature to only paying subscribers on X, after the tool invited heated criticism from across the world for letting users generate sexualized images of women and children.
US job growth fell below expectations in December, with nonfarm payrolls increasing by 50,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. The unemployment rate fell to 4.4%. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
US job growth fell below expectations in December, with nonfarm payrolls increasing by 50,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. The unemployment rate fell to 4.4%. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers. Meta struck agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multi...
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers. Meta struck agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in New Albany, Ohio. Meta announced Prometheus, which will be a 1-gigawatt cluster spanning across multiple data center buildings, in July.
Baillie Gifford & Co. pushed back against an attack by activist investor Boaz Weinstein , who’s demanded the Scottish fund house explain why one of its trusts sold down a stake in SpaceX . London-listed Edinburgh Worldwide Investment Trust didn’t reduce its holding in Elon Musk ’s space company to “facilitate a merger” with another Baillie Gifford trust, the money manager said in an emailed statem...
Baillie Gifford & Co. pushed back against an attack by activist investor Boaz Weinstein , who’s demanded the Scottish fund house explain why one of its trusts sold down a stake in SpaceX . London-listed Edinburgh Worldwide Investment Trust didn’t reduce its holding in Elon Musk ’s space company to “facilitate a merger” with another Baillie Gifford trust, the money manager said in an emailed statement Friday. The decision was made in May on “portfolio management grounds including the desire to return capital to shareholders,” the firm said. It added the transaction was executed at the “earliest liquidity opportunity” set by SpaceX, which was October 2025. Weinstein’s Saba Capital Management asked earlier this week whether facilitating a merger of EWIT with Baillie Gifford US Growth Trust played a role in the decision to reduce the stake. The hedge fund said Baillie Gifford sold a substantial portion of EWIT’s and the US Growth Trust’s stakes in Space Exploration Technologies Corp. in October at a valuation that appears to have been materially below a revaluation in December. In that month, Bloomberg News reported that SpaceX was targeting a $1.5 trillion valuation for its upcoming initial public offering. Saba has estimated that the sale already cost shareholders £37 million ($49.7 million). The pushback by Edinburgh-based Baillie Gifford is the latest episode in a saga that’s involved a high-profile campaign by Weinstein’s firm to take control of seven UK trusts trading at a discount. Though those attempts failed, Saba renewed its push against EWIT in November and has sought the ouster of its board. The outcome of a vote is set to be revealed on Jan. 20. Read More: Boaz Weinstein Ready to Plow Billions More Into UK Trust Fight In its statement Friday, Baillie Gifford stressed that SpaceX remained a significant holding of EWIT following the partial sale at 8.4%. After SpaceX’s revaluation in December, the holding size now stands at 15.9%, it said.
Onex Corp. collected $1.6 billion for a deal that will let it hold on to three assets for longer as the firm prepares for its next round of fundraising. Neuberger Berman , Apollo Global Management ’s S3, Singapore’s GIC Pte and StepStone Group are backing the so-called continuation fund, according to people with knowledge of the matter. The deal shifts education technology company PowerSchool , in...
Onex Corp. collected $1.6 billion for a deal that will let it hold on to three assets for longer as the firm prepares for its next round of fundraising. Neuberger Berman , Apollo Global Management ’s S3, Singapore’s GIC Pte and StepStone Group are backing the so-called continuation fund, according to people with knowledge of the matter. The deal shifts education technology company PowerSchool , insurance claims administrator Sedgwick and Fidelity Building Services Group out of older Onex funds and into the new vehicle, said the people, who asked not to be identified discussing private details. Onex received approvals from limited partners for the maneuver, the people said. Jefferies Financial Group Inc. advised on the deal, they said. Onex, StepStone and GIC didn’t respond to requests for comment. Neuberger Berman, Apollo and Jefferies declined to comment. Toronto-based Onex is undergoing a period of change under the leadership of Chief Executive Officer Bobby Le Blanc after founder Gerry Schwartz stepped down from the top spot in 2023. Onex is refocusing on its core areas of expertise — aerospace, insurance and business services — after its attempts to expand into other industries weighed on performance, the people said. The firm halted plans to raise $8 billion for its sixth flagship fund in 2023. Under private equity head Tawfiq Popatia , Onex is preparing to re-launch its sixth flagship fund this year and plans to collect $3 billion for the vehicle, the people added. Onex has paid out more than $3 billion in distributions to investors in the last 12 months, the people said. Onex has used a continuation fund in the past. In 2023, it moved tax services and software firm Ryan LLC to a single-asset continuation vehicle and gathered about $600 million to back it. Onex CEO Sees Potential for More Insurance Deals After AIG Win Onex Expects WestJet IPO in Two Years After Scoring Big Gains AIG to Buy Stakes in Convex, Onex for More Than $2.7 Billion
At Holdings Channel, we have reviewed the latest batch of the 38 most recent 13F filings for the 12/31/2025 reporting period, and noticed that iShares Trust - Core S&P 500 Exchange Traded Fund (Symbol: IVV) was held by 29 of these funds. When hedge fund managers appear to be
At Holdings Channel, we have reviewed the latest batch of the 38 most recent 13F filings for the 12/31/2025 reporting period, and noticed that iShares Trust - Core S&P 500 Exchange Traded Fund (Symbol: IVV) was held by 29 of these funds. When hedge fund managers appear to be
Key PointsSince October 2024, quantum computing pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have skyrocketed by up 3,290%!
Key PointsSince October 2024, quantum computing pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have skyrocketed by up 3,290%!
(RTTNews) - After closing mixed for two consecutive sessions, stocks are likely to move to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.
(RTTNews) - After closing mixed for two consecutive sessions, stocks are likely to move to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.