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July 10, 2020
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New York Post

Billionaire John Paulson rips elite Spence school for ‘anti-white indoctrination’

NYPost
Billionaire hedge funder John Paulson protested against ultra-elite Manhattan school Spence for what he claims was an “alarming pattern” of “anti-white indoctrination” in its curriculum. Paulson, 64, who famously made millions betting against the American housing market prior to the 2008 financial crisis and was an economic adviser to President......
CNBC Business

Sears exploring sale of home improvement business, sources say

CNBC
CNBC – For more and to sign up click here Customers shop at a Sears store in Woodfield Mall in Schaumburg, Illinois. Scott Olson | Getty Images Sears is exploring a sale of its home improvement business following interest from potential suitors such as private equity firms, people familiar with......
CNBC - Real Estate

Why this investor is betting against commercial real estate in NYC

CNBC Real Estate
© 2020 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by CNBC – For more......
Reuters - Business

Exclusive: Mexico’s oil hedge to be pricier, but government likely doing it anyway

Reuters
NEW YORK/MEXICO CITY (Reuters) – Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said. FILE PHOTO: General view shows Mexican state oil firm......
Reuters - Business

After jolt, investors still see stocks as long-term bet

Reuters
NEW YORK (Reuters) – An interruption to a searing rally gave a jolt to equity investors who had been getting used to weeks of steadily rising U.S. stocks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due......
CNBC Business

Paul Tudor Jones says companies can no longer exist just to maximize profits

CNBC
CNBC – For more and to sign up click here Longtime hedge fund manager Paul Tudor Jones on Wednesday critiqued the long-held belief that companies should exist for the sole purpose of generating profits. Jones, whose remarks came during a JUST Capital event with CNBC’s Andrew Ross Sorkin, said it’s that......
CNBC Business

Paul Tudor Jones shares his economic, responsible investing views at JUST Capital event

CNBC
CNBC – For more and to sign up click here [The stream is slated to start at 5:00 pm ET. Please refresh the page if you do not see a player above at that time.]...
CNBC Business

In the age of coronavirus, activist shareholders are going after company bosses

CNBC
CNBC – For more and to sign up click here Activist investors (l-r): Nelson Peltz, Bill Ackman, David Einhorn, and Carl Icahn. CNBC Activist shareholders have increasingly focused on ousting top bosses since the coronavirus pandemic took hold of the global economy, according to a new report from investment bank......
CNBC Business

Stanley Druckenmiller said he’s been ‘humbled’ by market comeback, underestimated the Fed

CNBC
CNBC – For more and to sign up click here Stanley Druckenmiller Katie Kramer | CNBC This is breaking news. Please check back for updates. Longtime hedge fund manager Stanley Druckenmiller said the market’s strong performance over the last three weeks has “humbled” him and that he underestimated the power of......
CNBC Business

An occasional activist battles a struggling chemical company for control

CNBC
CNBC – For more and to sign up click here The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Company: Synalloy Corp. (SYNL) Business: A chemical manufacturing company operating through two segments:......
CNBC Business

Buyout firm Sycamore Partners in talks to buy JC Penney, sources say

CNBC
CNBC – For more and to sign up click here Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. J.C. Penney, which employs......
Reuters - Business

Bernard Madoff fails to win compassionate release from prison

Reuters
NEW YORK (Reuters) – A federal judge on Thursday rejected Bernard Madoff’s request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme. FILE PHOTO: Accused swindler Bernard Madoff exits the Manhattan federal......
Reuters - Business

BlackRock focuses on China credit, oil and travel in Asia

Reuters
The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid SINGAPORE (Reuters) – The world’s biggest asset manager, BlackRock Inc (BLK.N), called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on......
Reuters - Business

Twitter names ex Google CFO Pichette as chair, Kordestani to stay on

Reuters
(Reuters) – Twitter Inc TWTR.O on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network’s board chairman, marking the first time in Twitter’s history that an outsider will preside over the group. FILE PHOTO: A 3D-printed logo for Twitter is seen in this picture......
CNBC Business

GOP donor-run hedge fund has seat on Twitter board but can’t say anything about tech firm’s policies

CNBC
CNBC – For more and to sign up click here Powerful GOP donor Paul Singer is the founder and co-CEO of a hedge fund with a seat on Twitter’s board. But that doesn’t mean Singer can influence the social media giant’s policies to be more sympathetic to his party or......
Reuters - Business

U.S. Supreme Court rebuffs investors’ bid to block Madoff trustee lawsuits

Reuters
FILE PHOTO: Bernard Madoff exits the Manhattan federal court house in New York on January 14, 2009. REUTERS/Brendan McDermid/File Photo (Reuters) – The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money for victims......
Reuters - Business

Escalating China tensions could become an obstacle for U.S. stock rally

Reuters
NEW YORK/BOSTON (Reuters) – U.S. President Donald Trump’s directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S. tensions back in the headlines over the coming months, creating a new driver of volatility in global equity markets. FILE PHOTO: U.S. President......
CNBC Business

Activist Starboard pushes for change at a medical device company that could be a takeover candidate

CNBC
CNBC – For more and to sign up click here Jeffrey Smith, chief executive officer and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images A successful activist is gently pushing for change at a medical device company that could be a takeout candidate. ......
Reuters - Business

Home trading triggers bank ‘black hole’ surveillance alerts

Reuters
LONDON (Reuters) – Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug “black holes” in surveillance systems, industry officials say. FILE PHOTO: A nearly empty Oculus transportation hub in lower Manhattan is seen......
Reuters - Business

French billionaires raise stakes in defence of publisher Lagardere

Reuters
PARIS (Reuters) – France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital. FILE PHOTO: Bernard Arnault, Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton SE,......

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