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Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21
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Greenlight Capital’s clash with a former employee has captivated the hedge-fund world
James Fishback, 29, says he was employed as Head of Macro at Greenlight Capital. The New York hedge fund says that position never existed.MarketWatch - Business -
New York lawmakers push to block hedge funds’ sovereign bond litigation
Bill seeks to stop ‘vulture fund’ investors from winning high payouts through the state’s courtsFinancial Times - Business - New York -
Angel Reese named first investor for DC Power Women's Football Club
The USL Super League team will kickoff their inaugural season August 2024CBS Sports - Sports -
FirstFT: Investors pull money from Starwood $10bn property fund
Also in today’s newsletter, Shein switches IPO plans from New York to London and Pfizer hopes to settle thousands of lawsuitsFinancial Times - World -
Besiktas chief says club in talks with Mourinho
Besiktas are in talks to sign coach José Mourinho and Ángel Di María according to the Turkish club's vice-president Huseyin Yucel.ESPN - Sports -
Water investors have withdrawn billions, says research
A report suggests shareholders have taken billons but failed to invest as water bills look set to rise.BBC News - Top stories -
The White House says FDIC chairman to step down following report on agency's toxic workplace culture
The chairman of the Federal Deposit Insurance Corporation will step down from his post once a successor is appointedABC News - Top stories -
Earps says her Man Utd future is 'up to the club'
England goalkeeper Mary Earps says she is in talks with Manchester United over her future at the club.BBC News - Top stories -
WNBA says all teams will be flying charters to games by May 21 after rough program rollout
For W players still stuck flying commercial, May 21 can't come fast enough.Yahoo Sports - Sports -
The Starwood commercial-real-estate fund is scrambling to escape a looming cash crunch caused by the number of investors who want their money back.
The Starwood commercial-real-estate fund is scrambling to escape a looming cash crunch caused by the number of investors who want their money back.The Wall Street Journal - World
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Trump campaign starts taking cryptocurrency donations, vows to build a 'crypto army'
The Trump campaign framed its decision to accept crypto donations as a boycott of "socialistic government control" over the U.S. financial markets.CNBC - Business - Donald Trump -
McDonald's franchisee group says $5 value meal can't last without company investment
The $5 value meal will hit menu boards beginning June 25 and will last roughly a month.CNBC - Business -
One dead, 30 injured as Singapore Airlines flight encounters severe turbulence
One person has died aboard a Singapore Airlines flight which was diverted to Bangkok due to turbulence.CNBC - Business -
Biden to release 1 million barrels of gasoline to reduce prices at the pump ahead of July 4
The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices ahead of the July 4 holiday.CNBC - Business - Joe Biden -
Pixar is laying off 14% of its workforce as Disney scales back content
About 14% of the workforce at Disney's Pixar Animation Studios, or around 175 employees, are being laid off.CNBC - Business