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The Latest Breaking News on Hedge Funds

Warren Buffett's company's bribery allegations against the Haslam family won't be decided in January

Warren Buffett's company decided not to move forward with an expedited trial on its bribery allegations against the billionaire Haslam family in January under the strict conditions a judge set

The Independent UK

Why would Elon Musk want to deliberately destroy X?

After an outburst this week, theories resurfaced about why he bought the platform. Is Musk just a narcissist who let his ego get in the way of sensible decisions?

The Guardian - US

Haslam family refutes allegation from Warren Buffett's company that it bribed truck stop chain execs

An attorney for the billionaire Haslam family has called the bribery allegations from Warren Buffett’s company a “wild invention."

The Independent UK

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Elon Musk's X antisemitism row explained: Why are advertisers leaving the platform?

The Tesla-owning billionaire tells departing advertisers where to go in the harshest possible terms

Evening Standard

Treasury Yields Tumble But S&P 500 Slips; Three Things To Know

Treasury yields are swooning across the board as the Fed moves toward rate cuts, but the S&P 500 is barely taking note. Here are some things to keep in mind.

Investors Business Daily

Buffett's Berkshire Hathaway says Haslams offered bribes to inflate Pilot truck stops earnings

Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake…

The Independent UK

Activist Investor Elliott Holds $1 Billion Stake In Phillips 66, Signals Board Shake-Up

Elliott Management wrote to the board calling for better performance Wednesday.

Investors Business Daily

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Charlie Munger of Berkshire Hathaway Has Died

Charlie Munger, vice chair of Berkshire Hathaway, died Tuesday, the company confirmed.

Kiplinger

Warren Buffett, 93, donates $866m of stock to charity but reassures public: ‘I feel good’

Legendary investor also says his three children ‘are executors of my current will’

The Independent UK

Crispin Odey faces driving ban just weeks after hedge fund collapsed amid sex assault claims

Odey was caught speeding through London in a Range Rover twice in the space of six weeks

Evening Standard

White House condemns Elon Musk’s ‘abhorrent’ promotion of antisemitism

Spokesperson for the White House said it was “unacceptable” for Elon Musk to promote the “hideous lie”

The Independent UK

Hedge Funds Caught On Wrong Side Of Treasury Market As Bond Rally Surprises

Record-high short positions on Treasuries backfire as smaller bond sales and weak job data ignite rally

Zenger

Harriett Baldwin: the fund manager turned Tory MP fighting sexism in the City

The fund manager turned politician is gunning for an industry that has not crawled out of the sexist dark ages. She may then turn her fire on Westminster

The Guardian - UK

Expert: Weisselberg could lose probation

An article accused the former Trump Organization CFO of perjury during fraud trial testimony

Salon

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The Independent UK

Protesters briefly disrupt Amy Coney Barrett event as Supreme Court justice calls for ethics rules

Ms Barrett said while she and other justices disagree on opinions, they have collegial work relationships

The Independent UK

Bill Ackman calls for Harvard grads to be blacklisted over letter holding Israel ‘responsible’ for attacks

A group of 33 student organisations at Harvard University signed a letter arguing that Israel’s ‘apartheid regime’ created the impetus for the war

Investors Business Daily

Don't Sweat A Hot CPI Inflation Report; Federal Reserve Rate-Hike Odds Dive

Policymakers aren't waiting for September's CPI inflation data to walk back hawkish guidance after the 10-year Treasury yield surged.

The Independent UK

X promises 'highest level' response on posts about Israel-Hamas war. Misinformation still flourishes

The social media platform X, formerly known as Twitter, says it is trying to take action on a flood of posts sharing graphic media, violent speech and hateful conduct about the latest war between Israel and Hamas

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The Guardian - US

The women who earn more than their partners: ‘I’m with someone who is threatened by me’

In Netflix’s Fair Play, a couple crumbles when the woman is promoted, an experience many can relate to as the gender pay gap tightens

The Independent UK

Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum

Investor Charlie Munger, Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum he has supported in the past

Zenger

What It’s Like To Date Elon Musk

‌Musk's biography, which was released this month, revealed a lot about the billionaire's somewhat quiet love life.

The Guardian - UK

Elon Musk by Walter Isaacson review – pillock, genius, or both?

The tech mogul is portrayed as a brutal visionary with father issues in this comprehensive biography

The Independent UK

Israel's Netanyahu to meet Elon Musk. Sit-down comes as company faces antisemitism controversy

Israeli Prime Minister Benjamin Netanyahu's office says he will meet billionaire businessman Elon Musk during a trip to the United States next week

Salon

AOC slams Justice Alito during hearing

An ethics expert told Rep. Ocasio-Cortez that Alito would have had to recuse himself if he served on a lower court

Investors Business Daily

Warren Buffett's Carbon-Cutting Play Just Made A 10-Year Deal With Amazon

Occidental Petroleum and Amazon announced an agreement Tuesday that could help the e-commerce giant go net-zero.

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