The Federal Reserve has approved a proposal to allow banks to invest their own capital in venture capital funds. Since 2014, banks have been prohibited from taking stakes in VC funds as part of the Volcker Rule, a federal regulation crafted in the aftermath of the 2008 financial crisis. The policy also limited banks ability to invest in hedge funds and private equity funds. Intended to protect...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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