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The Latest Breaking News on Hedge Funds

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

These 2 Meme Stocks Make Great Long-Term Picks

Meme stocks gained immense popularity last year thanks to retail traders’ bets on them to compel hedge funds to cover their short positions and benefit from the resultant short squeeze rally. While the meme-stock frenzy faded earlier this year, many meme stocks are back in the limelight. We think investing…

StockNews.com

Failed Tory leadership hopefuls raked in £135,000 in donations for doomed campaigns

Donors to their unsuccessful campaigns included hedge funders, Tory bigwigs and a firm run by a prominent climate sceptic

Daily Mirror

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Donald Trump And 5 Other Business Bosses Who Invoked Their Fifth Amendment Rights

A day after the Federal Bureau of Investigation raided his residence in Mar-a-Lago, FL, Former President Donald Trump invoked his Fifth Amendment rights during a scheduled deposition by New York Attorney General lawyers on Wednesday.

Benzinga

Jim Cramer Sides With The Apes, Says AMC Entertainment Stock Is A 'Terrible Short': 5 Other Short Squeeze Candidates On His Radar

Jim Cramer doesn't hold anything back when he engages with retail investors on Twitter. He has often been critical of some of the most popular stocks among the retail crowd, but he seemed to side with the "apes" this time around.

Benzinga

Chances Of Another 0.75% Interest Rate Hike Plummet Following Soft CPI Inflation Reading

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June and July in an attempt to get inflation under control. Investors wondering if the Fed will pull the trigger on a third 0.75% hike at its next meeting in September got some key inflation data on Wednesday…

Benzinga

U.S. probes firm linked with Abramovich over hedge fund investments - NYT

U.S. federal authorities are investigating investment advisory firm Concord Management, which oversaw hedge fund investments worth billions of dollars for Russian billionaire Roman Abramovich, the New York Times reported on Tuesday.

Reuters

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Meme-stock frenzy returns, baffling Wall Street’s ‘smart guys’

Retail traders who lurk in forums like Reddit’s WallStreetBets are back to betting against Wall Street pros and the Federal Reserve as rallies for meme stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. show shades of last year’s mania.

Tribune News Service

PayPal Analysts Increase Price Targets Following Earnings Report, Elliott Management's $2B Investment

Analysts are diving into the second quarter earnings report from PayPal Holdings (NASDAQ: PYPL) and evaluating what a $2 billion stake from Elliott Management could mean for the financial technology company's future.

Benzinga

Why George Soros is the GOP’s villain in the sale of a Spanish-language radio station

Following the announcement that a left-leaning group of investors is buying Radio Mambí, the longtime talk-radio station of choice for Miami’s exile community, conservative media and Republican politicians seem to agree: George Soros is trying to take over Cuban radio.

Miami Herald

Billionaire Ray Dalio Warns Of Stagflation, Calls Fed 'Naïve And Inconsistent' For Raising Interest Rates

Billionaire hedge fund manager Ray Dalio recently offered his take on whether rising interest rates could help improve the economy.

Benzinga

Carl Icahn documentary digs into life of billionaire, but don’t expect an exposé

In a new film, the man who informed Oliver Stone’s Gordon Gekko makes for a compelling central figure

The Guardian - US

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