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The Latest Breaking News on Hedge Funds

Accused Wall Street banker fired during #MeToo alleges former firm told his family he cheated on dying wife

Investment banker Jess Ravich was fired by global asset management firm TCW after a string of sexual harassment allegations which he insists were untrue

The Independent UK

Honeywell Is the Best Dow Jones Stock After Elliott Discloses a Stake

A breakup of Honeywell's businesses could result in major upside for the blue chip stock over the next two years, the activist investor says.

Kiplinger

Why Is Warren Buffett Selling So Much Stock?

Berkshire Hathaway is dumping equities, hoarding cash and making market participants nervous.

Kiplinger

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Republican David Mccormick Wins Pennsylvania Senate Seat

Republican David McCormick wins Pennsylvania Senate race, shifting political landscape and adding to GOP Senate majority.

Top News

City watchdog warns Crispin Odey it will punish him for his ‘lack of integrity’

FCA says financier showed reckless disregard for rules over inquiry into alleged sexual misconduct

The Guardian - UK

Financial watchdog warns it will ‘take action’ against Crispin Odey

The FCA said Mr Odey’s response to allegations of sexual misconduct breached its rules and ‘lacked integrity’.

Evening Standard

Judge Lets Elon Musk Skip Hearing on Voter Lottery Despite Order to Appear: 'He's Not Going to Get in a Rocket Ship and Land On the Building'

A lawsuit filed against billionaire Elon Musk as a result of his $1-million-a-day voter prizes is pending a decision in federal court as of Thursday, after the world's richest man failed to attend a hearing he was ordered to appear at.

Latin Times

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Elon Musk, Harsh Critic Of Migrants, Worked In The US Illegally: Report

The South Africa-born billionaire has been called the 'biggest promoter of anti-immigrant conspiracies' on his social media website X.

International Business Times

Elliott, Southwest Airlines Close To Reaching Settlement To Avert Board Battle: Report

The parties are currently negotiating terms that would provide Elliott with a number of board seats, though less than the majority, to ensure that control remains with the airline, according to a report.

International Business Times

Twitter brain drain: Elon Musk’s takeover caused academic exodus, study shows

‘Twitter has been an important platform for academic communication and networking, especially among social scientists,’ researchers say

The Independent UK

How much will Southwest Airlines change to boost profits? Some details are emerging

Southwest Airlines leaders say they will provide more details about their plan to change the airline and increase profits

The Independent UK

Warren Buffett Entrusts His Children With 'Not So Easy' Task To Donate His $143 Billion Wealth; Eldest Son To Become Next Berkshire Hathaway Chairman

Berkshire Hathaway chairman Warren Buffett, 94, entrusted his children with the responsibility of donating his entire wealth upon his passing to charities of their choice. His new estate plans will also stop funding the Gates Foundation upon his death.

International Business Times UK

What now for the Spectator under Paul Marshall’s ownership? The signs are pointing further right

Look for clues at the hedge fund manager’s GB News, where militant agitation trumps ratings and integrity, says Guardian columnist Zoe Williams

The Guardian - UK

The new owner of the Spectator didn’t cough up £100m just for the fun of it

Print media do face challenges but the influence they offer – especially on the right – is considerable

The Guardian - UK

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The Guardian - UK

Todd Boehly wants Chelsea resolution as Clearlake relationship breaks down

Todd Boehly has lost faith in his working relationship with Clearlake Capital and wants to find a resolution that would prevent civil war breaking out at Chelsea

Kiplinger

Southwest Gears Up for Proxy Fight With Elliott Investment

Elliott Investment is seeking major changes at Southwest Airlines, including several board seats. Here's what a proxy battle could mean.

The Independent UK

Blackstone boss Stephen Schwarzman hits newt trouble amid £80m Wiltshire estate revamp

Stephen Schwarzman has been complaining to chancellor Rachel Reeves about the problems he’s been having with the UK’s planning process

StockNews.com

3 Mid-Cap Stocks With Strong Upside Potential

With the market hitting near-record highs and some experts warning about potential downturns, now might be the time to consider adding mid-caps to your investment mix. Thus, one could invest in fundamentally sound stocks like Acuity Brands (AYI), PVH Corp. (PVH), and NewMarket Corp. (NEU), which have strong upside potential.…

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news in one place.

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The Guardian - UK

Dame Jennifer Roberts obituary

High court judge who heard high-profile divorce cases and allowed the press to report on them

The Independent UK

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

Investor Warren Buffett has announced another $5.3 billion in charitable gifts Friday

The Guardian - UK

BA to hire 350 staff at Heathrow to avoid summer chaos – as it happened

Airline expects this summer to be its busiest since the pandemic and will hire people in customer services and ground handling

Axios

Feds accuse investor of $4 billion "pump and dump" scheme

Trillium Capital never really planned to buy Getty Images.

Axios

Trump talks accelerate Musk’s political power surge

Musk and Trump's rhetorical alignment has moved beyond mutual distaste for President Biden's policies.

Kiplinger

Stock Market Today: Stocks Rise as Fed Speakers Speak and Nvidia Awaits

Markets eked out gains in a low-volume session that was more focused on upcoming earnings from NVDA.

The Independent UK

Investor who inspired infamous ‘Wall Street’ Gordon Gecko character dies at age 87

“Greed is all right, by the way. I want you to know that. I think greed is healthy,” Boesky once famously said

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