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The Latest Breaking News on Hedge Funds

Elon Musk apologises after mocking disabled ex-Twitter employee

Twitter CEO had questioned former staffer about his work, disability and need for accommodations.

Al Jazeera

Elon Musk mocks laid-off Twitter employee with disability

If you’re not told you are fired, are you really fired

The Independent UK

Indie cafe in Brixton takes on hedge fund-backed coffee chain over name

Family-run Blank Coffee in south London launches legal challenge saying US Blank Street Coffee is trying to copy its ‘vibe’

The Guardian - UK

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Justin Fox: What you can learn from Warren Buffett’s mistakes

There was very little in the way of news in the annual letter to Berkshire Hathaway Inc. shareholders that Warren Buffett released Saturday morning. Buffett did mention that “Berkshire had a good year in 2022,” with operating earnings of $30.8 billion, and disclosed that subsidiary See’s Candies sold $400,309, or…

Tribune News Service

Elon Musk sacks loyal Twitter executive who slept at office as he axes 200 jobs

Twitter boss Elon Musk has sacked 200 employees at the social-networking giant including head of payments Esther Crawford, who introduced the controversial "blue tick" verification

Daily Mirror

Union Pacific will replace rail CEO amid hedge fund pressure

Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership

The Independent UK

American hedge fund giant 'enters' Manchester United takeover race

Elliott Investment Management's reported interest follows that of Sir Jim Ratcliffe and Qatari Banker Sheik Jassim bin Hamad Al Thani.

Manchester Evening News

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American billionaire hedge fund makes eleventh-hour Man Utd bid to hijack takeover

Elliott Investment Management, an American hedge fund, has put together a proposal to finance a Manchester United takeover bid as the Glazers look to sell the club

Daily Mirror

Soros says Russian defeat in Ukraine would trigger dissolution of 'Russian empire'

Billionaire financier George Soros said on Thursday that if Russia was defeated in the Ukraine war it would result in the dissolution of what he called the 'Russian empire,' something he said would be greeted by former Soviet republics.

Reuters

U.S. Hedge Fund Giant Citadel Tries to Tap Into China

CSRC has accepted Citadel subsidiary’s application for the Qualified Foreign Institutional Investor program

Caixin Global

‘Teflon’ Elon wins again as jury rejects fraud claim over tweets

Elon Musk proved once again that he’s difficult to beat in court.

Tribune News Service

Elon Musk surprise appearance as Tesla tweet trial wraps up

A high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened drew a surprise spectator for Friday’s final arguments — Elon Musk, the billionaire who is being accused of misleading investors with his usage of the Twitter service he now owns

The Independent UK

This Bearish Put Option On Coca-Cola Stock Could Really Pop

With low options prices and a steep stock valuation, a put option could be an attractive play.

Investors Business Daily

Jo Johnson resigns as director of firm linked to Adani allegations

Former UK PM’s brother quits board of Elara Capital days after it was accused of using funds to manipulate share prices

The Guardian - UK

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news in one place.

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Businessweek

How Stockpickers Finally Beat the Index Funds

With less riding on slumping tech stocks such as Amazon, Tesla and Microsoft, many active fund managers finally surpassed their benchmarks in 2022.

Investors Business Daily

Charles Schwab's Customer Care Powers It To No. 1 In IBD's Best Online Brokers Survey

Schwab beat Fidelity and its own subsidiary, TD Ameritrade, with the top score in 7 out of 18 key attributes.

Investors Business Daily

This Online Brokerage Will Pay You $3,500 Just To Open An Account

Online brokerages are battling each other to win your account. And some are willing to pay up for it.

Investors Business Daily

These Are The Best George Soros Stocks To Buy And Watch Now

George Soros is a legendary investor with a seemingly magic touch. Here are the best George Soros stocks to buy now or put on a watchlist.

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news in one place.

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Ballotpedia

Virginia governor expresses concerns about ESG investing

Virginia Gov. Glen Youngkin (R)—who worked for most of his career in financial services (private equity), where he eventually became co-CEO of the Carlyle Group— signaled last week that he, like many of his Republican colleagues, has some concerns about ESG:

Tribune News Service

Citadel’s $16 billion win tops Paulson’s greatest trade ever

Ken Griffin’s Citadel churned out a record $16 billion in profit for clients last year, outperforming the rest of the industry and eclipsing one of history’s most successful financial plays.

The Independent UK

George Santos linked to Trump donor with ties to sanctioned Russian oligarch, report finds

Newly revealed statements show congressman and Andrew Intrater developed business relationship in 2020

Tribune News Service

Musk says San Francisco jurors dislike him with ‘passion’

Elon Musk’s lawyers argued in their bid get his securities fraud trial moved out of San Francisco that 82% of all the prospective jurors who have an opinion of the billionaire view him negatively.

The Independent UK

Disgraced former McDonald’s CEO who had relationships with multiple employees is charged by SEC

The Securities and Exchange Commission is charging McDonald’s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019

The Independent UK

SEC charges former McDonald's CEO with misleading investors

Chicago Tribune

SEC charges former McDonald’s CEO with making false statements about termination

The Securities and Exchange Commission Monday charged former McDonald’s CEO Stephen Easterbrook with making “false and misleading statements” to investors for allegedly failing to disclose the extent of his romantic relationships with employees prior to his 2019 termination.

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