July 1, 2025

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Funds

Carolina lawmaker privately asks Trump aides to free Mercedes EV funds

Hannah Natanson and Jeff Stein  |  Washington Post U.S. Rep. Nancy Mace (R-South Carolina) privately asked the Trump administration last week to release funding for a Mercedes-Benz plant to convert to the production of electric vehicles, according to a letter obtained by The Washington Post. In a two-page letter to Energy Secretary Chris Wright, Mace

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Seattle man makes stop in KY during bike ride across America, raising funds for ALS

HAZARD, Ky. (WYMT) – A Seattle, Washington man is riding his bike on the trans-American trail, in an effort to raise awareness and funds for ALS research. ALS is a neurodegenerative disease that can cause the loss of motion. Timm Fenton with Pedals vs. ALS started his journey on May 1 with his rear wheel

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After vetoes, Gov. DeSantis signs $115B state budget in Florida

One day before the start of the fiscal year, Gov. Ron DeSantis signed a roughly $115 billion budget into law, after vetoing nearly $600 million in spending. The spending plan is about $3 billion less than the current year, and comes after a protracted negotiation between the House and Senate over tax cuts that delayed

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Hedge Funds Abandon Energy Stocks Amid Oil Price Slump

Hedge funds last week sold off stocks of energy companies at the quickest pace in 10 months as oil prices slumped following the announcement of a ceasefire in the 12-day Iran-Israel war.   The selling was seen across the board in energy stocks in every region, Goldman Sachs analysts wrote in a note to clients carried

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Hedge funds lured by private credit boom

Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let me

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Hedge funds seek to expand into private credit

Big hedge funds are pushing into private credit as they seek to establish themselves as diversified financial institutions, with Millennium Management, Point72 and Third Point all looking to launch new funds and strategies. Third Point, a $20bn firm with a history as an activist investor, plans to launch a publicly traded private credit fund next

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San Rafael approves funds for affordable housing initiatives

San Rafael has approved $600,000 in allocations to three nonprofits in support of their affordable housing projects in the city. The total outlay from the city’s affordable housing trust fund is $100,000 more than what staff initially recommended. The City Council agreed to kick in the extra money after hearing moving testimony from the applicants.

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Grants help Portsmouth market itself as tourism destination

PORTSMOUTH — With a casino hotel on the way in Portsmouth, city leaders are using grant funding to help market the city as a destination stay in hopes of boosting tourism-related revenue. Portsmouth received two state grants totaling $42,500 to help broaden marketing efforts to areas across North Carolina and Virginia. The grants will help

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19th Broome County Parks Triathlon raises funds for new park equipment

WHITNEY POINT, N.Y. (WBNG) — Over 100 racers descended on Dorchester Park for the 19th annual Broome County Parks triathlon. The race was comprised of a half-mile swim, followed by a 12-mile bike ride and finished with a 5K run. “You have to put time in, you can’t just go out there and do all

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Veto Cleveland Browns stadium funds

Gov. DeWine explains why child care is a budget priority Gov. Mike DeWine held a news conference Monday to unveil his budget recommendations. He opened his conference speaking about how the state can fund child care. Ohio Attorney General Dave Yost urged Gov. Mike DeWine to veto a provision in the state budget that would

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