Bobby Jain, a former Millennium Management top executive, has earned $1.8bn from his hedge fund since launching it in 2024, over roughly two years.

Fox News reports the U.S. House may vote today on a measure to avert a government shutdown and fund the government through Dec. 11.

South Korea will boost government spending to a record level to fund AI investment and divert semiconductor-related tax windfalls into a new contingency fund, the finance ministry said. The government proposed 2027 fiscal spending of 820.9 trillion won, a 12.8% increase from this year’s budget — the largest rise on record, exceeding 2009’s 10.6% and 2020’s 9.1%. Central to the plan is a new Futures Response Fund: 162.3 trillion won of tax revenue above the long-term trend, primarily driven by the semiconductor sector, will be allocated to the fund rather than fully flowing into annual spending.