Federal Mortgage Insurer to Lay Off About Half Its Workforce

Feb 18, 2025 | Markets

The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources familiar with the agency’s plans. Federal officials...

“2025”, Year for Transformation to Private from Public Market Began

Feb 18, 2025 | Markets, Private Markets, Recommended

2025 will be recorded in the history books as being the year for which the transformation from public to private growth investing began.  By the end of 2025 shareholders of select private startup and early-stage companies valued for less than $1.0 billion will begin...

Southwest to Cut 15% of Corporate Jobs in First-Ever Layoffs

Feb 18, 2025 | Markets

Reductions to affect about 1,750 roles beginning in April Carrier has been cutting costs in wake of activist battle Southwest Airlines Co. will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in the...

Vanguard Overtakes State Street as World’s Biggest ETF

Feb 18, 2025 | Markets

Vanguard’s VOO has raked in $23 billion so far this year It’s not the first time that SPY’s crown has slipped Vanguard has unseated State Street for the title of the world’s biggest exchange-traded fund, ushering in a new world order for the $11 trillion industry. The...

OpenAI Co-Founder Sutskever’s Startup Is Fundraising at $30 Billion-Plus Valuation

Feb 17, 2025 | Markets

SSI raising more than $1 billion, including from Greenoaks Former OpenAI chief scientist left the company last year OpenAI co-founder Ilya Sutskever is raising more than $1 billion for his startup at a valuation of over $30 billion, according to a person familiar with...

DC Firings Threaten to Ignite GOP Rebellion

Feb 17, 2025 | Markets

Good morning, and happy Presidents’ Day. US government layoffs expanded over the weekend while cuts to Medicaid threaten to divide Republicans. Traders are kept guessing on tariffs. And the BAFTAs offer a possible Oscars preview. Listen to the day’s top stories. US...