Tesla is new pick for Daniel Loeb’s Third Point, as hedge fund ditches Uber

Out with Uber, in with Tesla for Daniel Loeb’s Third Point.

Business - MarketWatch - 6 hours ago

Dan Loeb’s Third Point says a Trump win would boost markets, drive up infrastructure spending

Third Point said it believes the Republicans will take control of both the White House and the Senate, leading to deregulation, an increase in U.S. manufacturing, and higher infrastructure spending

Business - MarketWatch - October 18

Surprising No One, Democrats Ditch Tesla

It’s never a good sign when your customers are embarrassed to be associated with you.

Top stories - The New York Times - November 1

Southwest Strikes a Truce With the Activist Hedge Fund Elliott

The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.

Business - The New York Times - October 25

How Thames Water became a battleground for hedge funds

Rival groups of bondholders are vying to extend loans to the troubled UK utility

Business - Financial Times - 4 days ago

This Hedge Fund CEO Extols the Virtues of Challenging Conversations in the Workplace

Robyn Grew, the first woman and openly gay CEO of Man Group, says its diversity is an advantage.

Business - Inc. - October 28

Labour hedge fund donor’s profits drop 76% after restructure

Quadrature made largest single donation to party after UK election called in May

Business - Financial Times - November 5

New York semiconductor site picked for $825 million in funding

U.S. Sen. Chuck Schumer says a semiconductor research facility in upstate New York will be getting $825 million in funding as one of three national technology centers

Tech - ABC News - October 31

Uber reports third-quarter results that beat Wall Street's revenue expectations

Uber reported third-quarter results Thursday that beat analysts' expectations for revenue.

Business - CNBC - October 31

Hong Kong cracks down on how banks and hedge funds discuss block trades

Regulator brings in new measures after launching criminal insider dealing case against Segantii Capital Management

Business - Financial Times - October 31

Trump victory hands hedge funds $1.2bn win from bet against renewables

Clean energy shares have tumbled on fears Republican president-elect will scrap subsidies and tax breaks

World - Financial Times - November 8

Hedge funds performed better under Democratic presidents than Republican ones, history shows

Hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR.

Business - CNBC - 2 days ago

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - October 24

FirstFT: Partner pay at US law firms hits record levels

Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programme

World - Financial Times - October 25

Why Georgia’s EU future is on the ballot in historic parliament vote

Also in this newsletter: Russian migrant-smuggling ring busted

World - Financial Times - October 25

Sources: Signs point to Daniels playing vs. Bears

Signs point to Commanders rookie QB Jayden Daniels playing Sunday against the visiting Bears, sources told ESPN.

Sports - ESPN - October 27

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

Business - CNBC - October 24

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - October 24

Tesla shares jump in third-quarter earnings even as expected revenue is lower

After two slow quarters, Elon Musk’s electric-vehicle maker reports higher-than-expected earnings per share. Tesla shares saw a 12% jump after the company reported its third-quarter earnings on ...

World - The Guardian - October 23

GM and Tesla Face New Recalls

About 2,400 Cybertrucks face Tesla’s sixth recall of the year, while transmission troubles are affecting 461,000 GM vehicles.

Business - Inc. - Yesterday

New York woman charged with pepper-spraying Muslim Uber driver as he prayed

A New York woman has been charged with assault as a hate crime after she allegedly pepper-sprayed her Muslim Uber driver as he praying at a red light, prosecutors said Thursday.

NHS will not fund new drug to slow Alzheimer’s

A new drug that slows the pace of Alzheimer's disease is too expensive for too little benefit to be used on the NHS, the watchdog says.

Chancellor sets out new funding for extra NHS appointments

The government says it will invest £1.57bn in new equipment and buildings, in a bid to increase appointments.

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).

Business - CNBC - October 22

Fund entrepreneur Peter Hargreaves: ‘I can never see the point of spending money for the sake of it’

The Hargreaves Lansdown co-founder on building one of the UK’s most valuable companies, his take on the Neil Woodford scandal — and why he regrets buying a private jet

Business - Financial Times - 6 days ago

Volkswagen, BMW top Tesla for new electric vehicles in Germany

World - Yahoo News - 6 days ago

Dyson Daniels scores career-high 28 points, Jalen Johnson has triple-double as Hawks beat Celtics

Onyeka Okongwu tipped in a missed shot with 6.1 seconds left as the Atlanta Hawks overcame a 15-point, second-half deficit to beat the Boston Celtics 117-116 in their NBA Cup opener

Sports - ABC News - 2 days ago

Breaking: Red Wings Trade Defenseman to Utah for Third Round Pick

The Detroit Red Wings have acquired a third round pick from the Utah Hockey Club in return for defenseman Olli Maatta

Sports - Yahoo Sports - October 30

Node.vc raises $77.3M for new fund backed by 70 Nordic entrepreneurs

Node.vc has raised $77.3 million, or €71 million, for a new fund that is backed by 70 Nordic entrepreneurs.

Tech - VentureBeat - October 16

New calls for Congress to return from recess for hurricane relief funding

There is a new wave of calls for Congress to come back from recess and approve a new round of hurricane relief funding with the Small Business Administration out of money for new disaster relief ...

Perplexity AI seeks valuation of about $9 billion in new funding round

Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.

Business - CNBC - October 21

Long-term asset funds: a new route to private markets?

UK catches up with the US retail market, but investors need to be aware of liquidity constraints

World - Financial Times - October 25

Millennium considers launching first new fund in more than three decades

Fund would invest in less liquid assets including private credit

Business - Financial Times - October 25

Latest in Tesla is new pick for Daniel Loeb’s Third Point, as hedge fund ditches Uber