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☆ Banks scramble to repair the damage caused by Crowdstrike IT outage
▼ + stars: | 2024-07-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewMajor banks worldwide are scrambling to fix issues resulting from a global IT outage caused by a CrowdStrike software update. British banks Santander and Metro Bank said they were impacted by Friday's outage, which affected their ATM services. "Along with many other organizations, we have been affected by the reported global IT outage," Metro Bank told Business Insider. According to the New Zealand Herald, some banking services in New Zealand were also disrupted, as was South Africa's Capitec, per Bloomberg. Some social media users posted about being unable to access banking services, which they said highlighted the importance of cash.

Persons: —, Gina Glaros, CrowdStrike, James Bore Organizations: Service, Santander, Metro Bank, Business, Bank, Commercial Bank of Qatar, New Zealand Herald, Bloomberg, NBC, BI, Windows, Linux, Santander didn't Locations: New Zealand, Norway's

☆ How one IT update gone wrong has sparked chaos around the world
▼ + stars: | 2024-07-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewIf the world needed a wake-up call on just how fragile its IT systems are, it just got one: a small update gone wrong appears to be the culprit for a total global meltdown. CEO George Kurtz said on X the issue was caused by a "defect found in a single content update for Windows" with a fix now deployed. CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. AdvertisementBug checkAccording to Microsoft's Azure status page , it's a particular issue with Crowdstrike's "Falcon agent" that was affecting systems. In other words, the agent meant to detect bugs is getting checked to see if it's a bug itself — and causing problems as a result.

Persons: —, Morgan, George Kurtz, — George Kurtz, Crowdstrike, Dan Coatsworth, AJ Bell, Omer Grossman, Grossman, Brody Nisbet Organizations: Service, Business, Bloomberg, Computers, Woolworths, Microsoft, CrowdStrike, Windows, Linux, Democratic National Committee, Sony Pictures Locations: Japan, Australia, Switzerland, Singapore, Britain, Austin

☆ DNB CFO says bank's customers have become more optimistic
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDNB CFO says bank's customers have become more optimisticIda Lerner, CFO of Norway's largest bank DNB, comments on the firm's half-year results.

Persons: Ida Lerner

☆ How airpower experts think Ukraine could pull off bursts of air superiority to get F-16s into the fight and score breakthroughs
▼ + stars: | 2024-07-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

An Air Force F-22 Raptor flies alongside two Polish F-16s in formation during the NATO Air Shielding media day at Lask Air Base, Poland. Air Force Staff Sgt. The air force could support these operations using HARM missiles. This sets up Ukraine's air force to gain air superiority over specific areas, allowing their pilots to strike Russian units, logistics, and transportation networks and deny movements of reinforcements. An F-16 aircraft is pictured after the first delivery of Norway's old F-16 fighter aircraft to Romania at Rygge Air Force Base, Norway.

Persons: —, David Deptula, Christopher Bowie, nonresident, Danielle Sukhlall, Volodymyr Zelensky, Alexander De Croo, Ludivine Dedonder, Didier Lebrun, Photonews, Bowie, SAMs, That's, it's Organizations: Service, Business, US Air Force, Mitchell Institute, Center for Strategic, An Air Force, NATO Air, Lask, Base, Air Force Staff, Defence, Ukrainian Air Force, Getty, Russia's, Rygge Air Force Base, OLE BERG, NATO, Fighting Falcons Locations: Ukraine, Poland, Russia, Avdiivka, Ukrainian, Zaporizhzhia, Russian, Romania, Norway, AFP

☆ André Drege: Norwegian cyclist dies after crashing in race at age 25
▼ + stars: | 2024-07-06 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Norwegian cyclist André Drege has died aged 25 following a crash at the Tour of Austria, his team Coop-Repsol announced on Saturday. “Our thoughts and prayers are with André’s family and loved ones during this incredibly difficult time,” the team posted on X, formerly known as Twitter. Cyclists (L-R) Italy's Samuele Zoccarato, Austria's Michael Gogl, Norway's André Drege, the Netherlands' Oscar Riesebeek and Germany's Jonas Rapp ride in a partly snow-covered mountain area on Saturday. After news of his death broke, the cycling world paid tribute to Drege with several teams offering their condolences. Drege’s death comes just over a year after another professional cyclist in his 20s – Gino Mäder – died in a crash during a stage of the Tour de Suisse.

Persons: André Drege, Coop, “, Drege, Johann Alpendorf, Austria's Michael Gogl, Oscar Riesebeek, Germany's Jonas Rapp, Johann Groder, PostNL, Wanty, ”, –, Gino Mäder – Organizations: CNN, of Austria, Repsol, European Cycling Union, Tour of Austria, AFP, of Rhodes, South, UCI –, Tour de Suisse Locations: Norwegian, Austrian, St, Netherlands, Stranda, Norway, Lillehammer, ”

☆ Elon Musk gives a hint at just how much his AI chatbot cost to develop
▼ + stars: | 2024-07-01 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk just hinted at how much it cost to make his AI chatbot Grok. Knowing how many H100 GPUs Musk is getting allows us to do some napkin math to figure out a rough estimate of the cost. Mark Zuckerberg said in January that Meta will have purchased about 350,000 Nvidia H100 GPUs by the end of 2024. Aravind Srinivas, founder and CEO of AI startup Perplexity, talked about getting turned down by a Meta AI researcher he was trying to poach in part because of Zuckerberg's huge collection of AI chips. 'Come back to me when you have 10,000 H100 GPUs,'" Srinivas said.

Persons: —, Elon, chatbot, Hopper, Musk, Nicolai Tangen, xAI, Mark Zuckerberg, Meta, Aravind Srinivas, Srinivas Organizations: Service, Business, Nvidia, Twitter, Meta Locations: Silicon Valley

☆ Oslo could become a top travel destination after an unconventional but hilarious tourism ad goes viral
▼ + stars: | 2024-06-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

The video follows a 31-year-old resident named Halfdan, played by Bendik Aunan, who doesn't understand why anyone would want to visit Oslo. "Oslo has in recent years emerged as a truly exciting destination but is probably still a well-kept secret for many," she said. The ad suggested so when Halfdan compares Oslo to Paris, Istanbul, and New York City. Karaburun said that if Oslo continues to attract travelers with unique ads, the city could emerge as a coveted destination. "If they keep on doing these very creative destination marketing ads, I think they're on the right path to being well known like Istanbul, Paris, and New York."

Persons: —, VisitOSLO, Halfdan, Bendik Aunan, Kenyeres, Anne, Signe Fagereng, Richie Karaburun, Karaburun Organizations: Service, Business, NYU's, of Hospitality and Tourism, Oslo Opera House, Getty Locations: Oslo, That's, Norway, Europe, Paris, Istanbul, New York City, New York

☆ I went on my first cruise with 3 generations of my family, and it was one of the most rewarding experiences of my life
▼ + stars: | 2024-06-23 | by ( Adam England | ) www.businessinsider.com time to read: +4 min

I recently went on my first cruise with my parents, sister, and grandmother. I'd never been on a cruise before and was surprised that there were things for all of us to enjoy. Neither had my parents or my sister, but my grandmother — my nan — often travels by cruise ship, so we decided to join her on a cruise. We decided on a trip to the Norwegian fjords, which we all wanted to see, and traveled on the 5,206-capacity Iona — the UK's largest cruise ship until 2022. Courtesy Adam EnglandThe environment took some adjustingThe cruise took us a couple of days to get used to.

Persons: I'd, —, Iona —, Adam England, I'm, she's Organizations: Service, Business Locations: Norwegian, Madrid, Loen, Stavanger, Norway's

☆ CNBC Daily Open: Musk threatens Apple ban
▼ + stars: | 2024-06-11 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Technology stocks Nvidia, Meta and Microsoft boosted the indexes. Apple ban threatElon Musk threatened to ban Apple devices from his companies after Apple announced a partnership with OpenAI. Ailman suggested Musk should focus on one of his ventures and let professional managers handle Tesla's daily operations. The Taiwan Weighted index hit a record high, before paring back gains, as technology and utility stocks rose.

Persons: Elon Musk, Tesla, Goldman Sachs, Musk, Elon Musk's, Chris Ailman, CNBC's, Ailman, CalSTRS, Elliott, paring, Seng, Kospi, Morgan Stanley Organizations: New York Times DealBook, CNBC, Nasdaq, Technology, Nvidia, Meta, Microsoft, Dow Jones, Apple, OpenAI, California State Teachers, Elliott, Southwest, Elliott Management, Southwest Airlines, Boeing, CSI, Nikkei Locations: New York City, U.S, Asia, Taiwan, Pacific

☆ CNBC Daily Open: Apple upgrades Siri with AI
▼ + stars: | 2024-06-11 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple IntelligenceShares of Apple fell 1.9% after the iPhone maker delivered its long-awaited AI strategy. Siri will get an upgrade with Apple Intelligence and access to OpenAI's ChatGPT. Investors are concerned Apple had fallen behind its rivals, Microsoft and Google, in the race to deliver AI services and tools.

Persons: Goldman Sachs, Siri, Apple, Elon Musk's, Chris Ailman, CNBC's, Ailman, CalSTRS, Elliott, Moderna, Tesla, Elon, Bernstein Organizations: CNBC, Nasdaq, Technology, Nvidia, Meta, Microsoft, Dow Jones, Apple Intelligence, Apple, Investors, Google, California State Teachers, Elliott, Southwest, Elliott Management, Southwest Airlines, Boeing, Pfizer, Novavax Locations: U.S

☆ Norway discovers Europe's largest deposit of rare earth metals
▼ + stars: | 2024-06-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Mining firm Rare Earths Norway says it has discovered Europe's largest proven deposit of highly prized rare earth elements, potentially reflecting a watershed moment for both the Nordic country and the broader region. One of the few deposits not owned or controlled by China, the discovery of continental Europe's largest rare earths deposit is considered a welcome boost in Europe's bid to break China's rare earths dominance. Alf Reistad, CEO of Rare Earths Norway, told CNBC that the discovery at Fen represents a "great milestone" for the company. "It is important to state that there is absolutely no extraction of rare earth elements in Europe today," Reistad said via videoconference on Monday. Rare Earths Norway said the rare earths deposit in Telemark, roughly 210 kilometers (130 miles) southwest of Oslo, is likely to underscore Norway's position as an integral part of Europe's rare earth and critical raw material value chain.

Persons: Alf Reistad, Reistad Organizations: Tech Co, Mining, Nordic, Rare, Norway, CNBC Locations: Mongolia, Baotou, Inner Mongolia, China, Norway, Sweden, Europe, videoconference, Telemark, Oslo

☆ CNBC Daily Open: Far-right makes gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package. Despite a recent 2% drop in Aramco's stock and pressures on global oil prices, the offering attracted strong international demand.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Prince Mohammed bin, Aramco's, Morgan Stanley, there's Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Saudi, Nvidia Locations: Europe, freefall, Saudi Arabia, Aramco, Saudi

☆ CNBC Daily Open: Far right gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advanceFrench President Emmanuel Macron said he will dissolve parliament and call for a new legislative vote after his Renaissance party suffered a major defeat at the EU elections. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Korea's Kospi, Macron Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Nikkei, Markets, Nvidia, Apple Locations: Europe, freefall, Japan, Asia, Australia, Hong Kong, China

☆ California pension fund opposes 'ridiculous' Elon Musk pay package at Tesla
▼ + stars: | 2024-06-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

This pay package is ridiculous," Ailman said on " Squawk on the Street ." The vote this week is to effectively reinstate a 2018 pay package that was struck down by a judge in January. California State Teachers' Retirement System Chief Investment Officer Chris Ailman said the fund opposed the pay package previously and will do so again. The head of a massive California pension fund told CNBC on Monday that he is voting against the revised pay package for Tesla CEO Elon Musk. The billionaire has indicated that he might focus more on his other projects if the Tesla pay package is rejected.

Persons: Elon Musk, Tesla, Porte, Ailman, Chris Ailman, CalSTRS, Musk Organizations: Viva Technology, Porte de, California State Teachers, CNBC, Tesla, SpaceX Locations: Paris, France, California, Tesla, Texas

☆ Norway's trillion-dollar sovereign wealth fund to vote against Musk's $56 billion Tesla pay package
▼ + stars: | 2024-06-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Norway's sovereign wealth fund will oppose Elon Musk's $56 billion pay package at Tesla. Tesla shareholders will vote on the deal on Thursday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNorway's sovereign wealth fund, operated by Norges Bank Investment Management, has said it will vote against Tesla CEO Elon Musk's $56 billion pay package at Tesla's annual meeting on Thursday.

Persons: Elon Musk's, — Organizations: Service, Norges Bank Investment Management, Tesla

☆ Norway wealth fund to vote against Musk's $56 billion Tesla pay package
▼ + stars: | 2024-06-08 | by ( ) www.cnbc.com time to read: +1 min

Norway's $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund said it appreciated "the significant value generated under Mr. Musk's leadership since the grant date in 2018". In 2018, the fund had voted against the package. The fund, which holds a 0.98% stake worth $7.7 billion according to fund data, has been critical of excessive CEO pay. Last year it voted against more than half of U.S. CEO pay packages above $20 million, warning they did not align with long-term value creation for shareholders.

Persons: Elon Musk, Tesla, Elon Musk's, NBIM Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Tesla, Norges Bank Investment Management Locations: Beverly Hills , California, Delaware, America

☆ Ukraine's pilots are flying high-risk 'wild weasel' missions first developed in the Vietnam War by the USAF, says defense analyst
▼ + stars: | 2024-05-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +8 min

Eastern Ukraine, a Ukrainian Air Force MiG-29 Wild Weasel fires off an AGM-88 HARM towards a Russian radar. (Summer ‘22) pic.twitter.com/IOeu7hzUxW — OSINTtechnical (@Osinttechnical) February 8, 2024The US Air Force pioneered SEAD tactics in the Vietnam War. The term "wild weasel" originated from Project Wild Weasel. This US Air Force anti-SAM strategy used direct attacks to suppress enemy air defenses, according to the National Museum of the US Air Force. But, he added Ukraine's tactics "go far beyond the classic wild weasel missions of Anti-Radiation Missile equipped aircraft."

Persons: —, UkrAF Su, McDonnell Douglas, Stuart Lutz, Gado, Seaman Anthony N, Frederik Mertens, Mertens, William LaPlante, Justin Bronk, Bronk, Russian SAMs, James Hecker, Kajsa Ollongren, Putin Organizations: Service, Ukraine's, US Air Force, Radiation, Business, Ukrainian Air Force, Air, National Museum of, US Navy, US, U.S . Navy, Communication, Hague, Strategic Studies, Radiation Missile, Defense, Washington DC, Wild, Technology, Royal United Services Institute, Russian SAM, United States Air Forces, Air Force, Space, Rygge Air Force Base, OLE BERG, Getty, Dutch Defense Locations: Ukraine's Soviet, Eastern Ukraine, Russian, Ukraine, Ukrainian, treetop, Vietnam, Libya, Iraq, Yugoslavia, London, Europe, Romania, Norway, AFP, Netherlands, Vilnius, Denmark, Crimea, Kerch

☆ Work Culture in Norway: Strict Working Hours and No Online Shopping
▼ + stars: | 2024-05-10 | by ( Megan Carnegie | ) www.businessinsider.com time to read: +7 min

There's a mentality that you should strive to have a life outside work by working set hours and having boundaries. Deep work is the defaultAt work, Norwegians are working, and deep work is expected of everyone. I've set up my notification systems so that only important things come through outside work hours. Talking of work outside work is not taboo, but you don't want to be the guy who can't shut up about work. You get used to this dynamic where time is precious and hate it when someone's late outside work.

Persons: —, Sondre Kvam, Norway that's, they're, there's, I've, she's Organizations: Service, VR, Companies Locations: Norway, Norwegian, Oslo, Sweden

☆ World’s largest sovereign wealth fund says green backlash is a chance for it to 'phase in' — not out
▼ + stars: | 2024-04-29 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Norway's $1.6 trillion wealth fund added to its bets in the biggest technology companies last year after interest in artificial intelligence drove a surge in the sector. Norway's $1.6 trillion sovereign wealth fund says it will continue to advocate for investments based on environmental, social and governance (ESG) factors, brushing off the impact of a green political backlash. Analysts expect the outcome of this year's U.S. presidential election to determine whether the pushback against ESG investment strategies will have a deep and lasting effect. Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), told CNBC that the country's wealth fund continued to advocate for the ESG agenda. So that's important," Tangen told CNBC's "Squawk Box Europe" on April 23.

Persons: Nicolai Tangen, Tangen, CNBC's Organizations: Norges Bank Investment Management, Republican, Democratic, CNBC Locations: Oslo, Norway, United States, U.S

☆ F-16s headed to Ukraine this summer will face their most dangerous battlefield ever
▼ + stars: | 2024-04-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Ukraine is slated to receive its much-anticipated fleet of F-16 fighter jets this summer. AdvertisementThe long-awaited delivery of F-16s to Ukraine is on the horizon, and these advanced American-made fighter jets can't come soon enough for its forces. The fighter jets are expected to arrive at some point this summer, reportedly as early as June. Romanian air force F-16 fighter planes fly above the Baza 86 military air base, outside Fetesti, Romania, Monday, Nov. 13, 2023. US Air Force F-16's stand ready with bombs loaded to take off during the first daylight attack to liberate Kuwait in 1991.

Persons: —, Falcon, SAMs, Alexandru, Egypt —, John Baum, Russia —, Baum, KIRILL KUDRYAVTSEV Russia's, Tannehill, Volodymyr Zelenskyy, Mark Rutte, Peter Dejong Organizations: Service, Russia's, Rygge Air Force Base, OLE BERG, Getty, NATO, Kyiv, Israeli Air Force, AP, US Air Force, Operation, Allied Force, Yugoslavia, Air Force, Defense Technical Information, Reuters, Storm, Russia, Mitchell Institute for Aerospace Studies, US Navy, SA, Russian, AIM, INA Locations: Ukraine, Balkans, Kyiv, Romania, Norway, AFP, — Belgium, Denmark, Netherlands, Europe, Lebanon's, Israel, Yom, Romanian, Fetesti, Storm, Iraq, Pakistan, Turkey, Egypt, Afghanistan, Islamic, Kuwait, Russian, Zhukovsky, Moscow, Bekaa, East, Syria, Russia, Ukrainian, Eindhoven, Rzeszow, Jasionka, Poland, Crimean

☆ 'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund
▼ + stars: | 2024-04-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The CEO of Norges Bank told the FT that he thinks Americans work much harder than Europeans. AdvertisementEuropeans are less ambitious and don't work as hard as Americans, said Nicolai Tangen, the CEO of Norway's $1.6 trillion oil fund. In Europe, you're dead," Tangen told The Financial Times in an interview published on Wednesday. "I should be careful about talking about work-life balance, but the Americans just work harder." It's true that Americans, on average, work longer hours than their European counterparts, according to data collected from 2019 to 2022 by the Organisation for Economic Co-operation and Development.

Persons: Nicolai Tangen, —, Tangen, That's, they've Organizations: Norges Bank, Service, Financial Times, Norges, Apple . Norges Bank, Organisation for Economic Co, Development, European Union, OECD Locations: America, Europe, European

☆ America's Plastic Catastrophe: Most Waste Can't Be Recycled
▼ + stars: | 2024-04-24 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +14 min

It's an urgent question — what do we do with the 40 million tons of plastic waste we produce annually? One year of plastic waste is roughly enough to smother the entirety of Manhattan a meter deep, and it has to go somewhere. For decades, America sent its plastic waste to countries like China and Indonesia. Unlike aluminum or glass, the plastic that can be recycled rarely results in replacing one recycled water bottle with another. By downcycling a tiny portion of plastic waste, companies can genuinely reuse a relatively small share of plastic, while convincing consumers that the industry has created a circular economy of infinitely recycled plastic.

Persons: Kartik Byma, they're, Tim Miller, Susan Freinkel, Nestlé, Lea Suzuki, Larry Thomas, what's, Taylor Dorrell, Biden, that's, Taylor, Miller, Kelley Sayre, Vicky Abou, it's, Mike Bloomberg, Bloomberg, Espen Barth Eide, Norway's, Abou, It's Organizations: Getty, America, Chevron, Exxon, Paper Stock, Plastics Industry Association, Organization for Economic Co, San Francisco, NPR, International Energy Agency, ExxonMobil, Alterra Energy, National Renewable Energy Laboratory, Royal Paper Stock, Akron, Buckeye Environmental, Business, Eastman Chemical Co, American Chemistry Council, New, Beyond Plastics, UN, Buckeye Environmental Network Locations: America, Manhattan, China, Thailand, Malaysia, Indonesia, AFP, Ohio, American, San Francisco, Akron, Taylor Dorrell Akron , Ohio, United States, Oregon, New York City

☆ World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now
▼ + stars: | 2024-04-23 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector, suggesting that whether there is too much of it could depend on this week's tech earnings bonanza. U.S. tech behemoths including Tesla , Meta , Microsoft and Google parent Alphabet are all scheduled to release results in the coming days. "If I look at what we can read out of the current market, I would say that there is clearly a lot of froth within the technology sector. The world's largest sovereign wealth fund, which was valued at 17.7 trillion kroner ($1.6 trillion) at the end of March, was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector. To date, the fund has put money in more than 8,800 companies in over 70 countries around the world, making it one of the largest investors across the globe.

Persons: Nicolai Tangen, CNBC's, NBIM Organizations: Meta, Microsoft, Google, Elon Musk's EV, Tesla, Nasdaq, Nvidia, Norges Bank Investment Management, Government Pension Fund Locations: U.S

☆ Here's how Capula spinoff West Basin, one of this year's biggest hedge-fund launches with $3.5 billion, was pitched to investors
▼ + stars: | 2024-04-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAt $3.5 billion, Nat Dean's new macro fund, West Basin, is set to be one of the biggest hedge fund launches of the year. Marketing documents viewed by Business Insider from London-based Capula describe the macro fund's performance, trading focuses, and projections. AdvertisementThe Capula Tactical Macro fund became a stand-alone in late 2020 after operating within the larger multi-strategy offering. According to the marketing materials, Dean's ideas are generated from three different sub-categories: thematic macro, macro relative value, and semi-systematic.

Persons: —, Nat, Dean, Capula, Dean — Organizations: Service, The, Bloomberg, Business Locations: West Basin, The New York, London, Ukraine

We'll show you everything you need to know about tuning in for the competition, like where to watch the Monte Carlo Masters final live stream. Where to watch Monte Carlo Masters in the USThe Tennis Channel will show the the final Monte Carlo Masters match in the US, in addition to many future stops on the ATP Tour. For cord-cutters, this means using a live TV package with the Tennis Channel, like Sling TV or Hulu + Live TV. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. Shop at HuluWhere to watch Monte Carlo Masters in AustraliaThe Monte Carlo Masters final will be shown via beIN Sports in Australia.

Persons: Monte, Monte Carlo Masters, Casper Ruud, Stefanos, Greece's Tsitsipas, Norway's Ruud, Djokovic, we've, Hulu's, you'll, ExpressVPN Organizations: Business, Monte Carlo, Monte Carlo Masters, Tennis, ATP, Hulu, ESPN, Disney Plus, Sports, ATP Tour, WTA Locations: Hulu, Australia

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