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'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund

Nicolai Tangen said European companies aren't innovating as quickly as American ones, as he spoke o…

Matthew Loh   


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1 min read

The world's largest sovereign wealth fund generated returns of $111 billion in the first half of 2021 as the stock market hit record highs

The Oslo-based $1.4 trillion sovereign wealth fund saw a 13.7% return on equities and a 2.0% slide …

Isabelle Lee   


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The Fed and other central banks could deliver a 'Santa Pause' rally for global stocks this year as they dial back the size of rate hikes, Schwab says

The Fed, the Bank of England, and Brazil's central bank are among those signaling less aggressive r…

Carla Mozée   


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Norway, the world's most cashless country, is testing a central bank digital currency after 4 years of research

After four years of research, the central bank will proceed with technical testing of a CBDC, which…

Isabelle Lee   


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Norway's Central Bank Just Approved These Crazy Modern Art Bank Notes

In the end, however, the bank chose designs from two professional design agencies. One side of the …

Jim Edwards   


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3 mins read

Trump and Biden agree: The US should finally start a sovereign wealth fund

Momentum on both sides of the aisle is picking up to establish an American sovereign wealth fund th…

Lakshmi Varanasi,Katie Balevic   


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Norway's trillion-dollar sovereign wealth fund to vote against Musk's $56 billion Tesla pay package

Norway's sovereign wealth fund will vote against Elon Musk's $56 billion paycheck at Tesla's annual…

Cameron Manley   


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Elon Musk says he didn't ask for Biden's tariff on electric vehicles from China

Elon Musk said he was surprised when President Joe Biden announced a 100% tariff on Chinese electri…

Grace Kay   


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Tech stocks helped drive a record $213 billion gain at the world's biggest sovereign wealth fund in 2023

Norway's sovereign wealth fund saw a big boost from tech last year, its CEO said. The fund notched …

Yuheng Zhan   


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Spotify CEO Daniel Ek is worth billions — but says he still feels 'inadequate every day'

Daniel Ek told the "In Good Company" podcast he tries to overcome feeling inadequate by surrounding…

Jyoti Mann   


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Ousted Tesla cofounder says a canceled $25,000 car could give China 'a chance to really spread'

Tesla cofounder Martin Eberhard said China would likely benefit if Tesla scrapped its $25,000 car.

Grace Kay   


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Satya Nadella says Google should've been the 'default winner' of the AI race

Satya Nadella said Google has the resources that should've made it the Big Tech AI leader. Instead,…

Jyoti Mann   


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CEOs bet up to $10 million to prove Elon Musk's AI prediction wrong

Startup founder Gary Marcus started a bet against Elon Musk over his AI predictions. It's since gro…

Ana Altchek   


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3 mins read

Elon Musk says AI will be smarter than humans in 2 years

Tech billionaire Elon Musk believes AI will outsmart humans by 2026. But data scarcity and a chip s…

Aaron Mok   


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Tesla electric vehicles entry into India will be "natural progression", says Elon Musk

In a significant development for India's electric vehicle (EV) industry, EV maker Tesla has lately …

ANI   


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4 mins read

Jensen Huang's 14-hour days and workaholic lifestyle helped him turn Nvidia into a $3 trillion company

Eating with staff in the cafeteria, no 1:1 meetings, and being the "custodian of the culture" are s…

Jyoti Mann   


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Read the memo Satya Nadella sent to employees announcing Google DeepMind cofounder's move to Microsoft

Mustafa Suleyman is leaving his Inflection AI startup to lead Microsoft's AI efforts.

Jyoti Mann   


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2 mins read

How one of the biggest investors in the world uses AI to move slower, trade less, and make more money

Norges Bank Investment Management manages more than $1 trillion. A top portfolio manager there just…

Matt Turner   


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Sam Altman thinks Silicon Valley has lost its culture of innovation

"Before OpenAI, what was the last really great scientific breakthrough that came out of a Silicon V…

Kai Xiang Teo   


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Inside JPMorgan's handling of Jeffrey Epstein

JPMorgan has avoided many of the issues that have plagued banks this year, but its previous relatio…

Dan DeFrancesco