Top Dem Senate candidate diverted millions from police during crime surge to fund mental health facility
First appeared on FOX: The leading Democratic candidate in this year’s Senate race has diverted millions of dollars from law enforcement to fund mental health facilities, even as crime is soaring. Prince George’s County Mayor Angela Alsobrooks, who is running to replace retiring Maryland Democratic Sen. Ben Cardin, announced in June 2020 that $20 million […]
Let the next Congress fund 2025
It took the Republican majority in the House of Representatives six months and two speakers to fully fund the government for fiscal 2024. Rather than repeat the same drama for 2025, Congress should pass a continuing resolution that fully funds the government until March. In doing so, Congress will give the public the opportunity to […]
Once Described As The Left’s ‘Rising Star,’ Mondaire Jones Calls Out ‘Trust Fund Socialists’ In His Party
Former Democratic New York Rep. Mondaire Jones slammed some progressives in his party, calling them “trust fund socialists,” in an interview with Politico published Monday. “I just have experienced a lot of things the way I was raised, unlike the trust-fund socialists in Williamsburg and other places who are suggesting I’m not progressive enough,” Jones […]
Major pension fund will vote against Elon Musk pay package
The head of a major pension fund said on Monday that he will vote against Elon Musk’s compensation proposal later this week. Christopher Eilman, chief investment officer at the California State Teachers Retirement System (CalSTRS), said in an interview with CNBC that the system opposes Musk’s compensation package, calling it “absurd.” As of June 2023, […]
California pension fund to oppose Elon Musk’s ‘ridiculous’ Tesla $56B payday
The California State Teachers’ Retirement System plans to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the pension fund’s chief investment officer said. He told CNBC on monday. “We’re paying him 140 times what the average worker makes. How’s that? I think that’s fair enough. This pay structure is ridiculous,” Chris Eilman said […]
PGA Tour reports ‘progress’ with Saudi Arabia Public Investment Fund that pays for LIV Golf
The PGA Tour provided progress updates, without providing details, on face-to-face talks between the tour’s negotiating committee and Saudi Arabia’s Public Investment Fund as they work to reach an agreement. “We want to do this right and are approaching these discussions with careful consideration of our players, fans, partners and the future of the game,” […]
Appeals court rejects SEC fee rule in win for private equity, hedge fund industry
A U.S. appeals court has struck down a Securities and Exchange Commission rule aimed at giving investors more transparency into private funds, handing a victory to an industry with nearly $27 trillion in assets. In a 3-0 decision on Wednesday, the New Orleans-based U.S. 5th Circuit Court of Appeals ruled in favor of six private […]
This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager – CNBC
European semiconductor stock ASML is in a “near-quasi-monopoly position” to drive the development of artificial intelligence over the next decade, according to fund manager Marcus Morris Ayton. ASML is a $380 billion Dutch company that is also listed in the U.S. and makes the machines needed to make the world’s most advanced semiconductors. Customers include […]
Standard Chartered: UK bank accused of helping to fund terrorists – BBC.com
38 minutes ago Image caption, Standard Chartered Bank is headquartered in the City of London. A British bank that avoided money laundering prosecution allegedly conducted billions of dollars of transactions for financiers of terrorist groups, according to US court documents. Standard Chartered, one of Britain’s largest banks, avoided prosecution by the US Department of Justice […]
Bill Ackman reportedly plans IPO for Pershing Square hedge fund
Billionaire hedge fund manager Bill Ackman plans to take his Pershing Square Capital Management firm public as soon as next year as his national profile grows. Ackman, who has become a vocal critic of anti-Semitism on college campuses following the Oct. 7 massacre by Hamas terrorists in Israel, sold his stake in the company ahead […]