Russia seizes $100M from Google to fund war propaganda: report

Russia has reportedly seized more than $100 million from Google and used the money to fund a propaganda campaign supporting President Vladimir Putin’s war in Ukraine. Get Court Documents British newspaper The Telegraph According to the report, Google’s bank accounts in Russia were emptied shortly after the invasion two years ago and the tech giant’s […]

NY weighs charging oil firms billions of dollars to fuel new climate change fund

Governor Kathy Hawkle Decide now Whether to approve a controversial bill that would force oil, natural gas and coal companies to pay billions of dollars to the state for contributing to climate change. Supporters liken the plan — a proposed Climate Change Superfund — to the federal Superfund program that has sought to hold polluters […]

Hedge fund boss Ross Stevens sued over ‘unpaid bonuses’

The Wall Street hedge fund manager who recently rescinded a $100 million donation to the University of Pennsylvania on anti-Semitism grounds is now being sued over allegations that the company refused to pay a multimillion-dollar bonus owed to one of its former executives. Ross Stevens, who made headlines last December when he withdrew a huge […]

Bill Ackman’s hedge fund bets on Nike in first new investments in over a year

Billionaire investor William Ackman picked up new stakes in sportswear company Nike and investment management firm Brookfield in the second quarter, according to regulatory filings filed Wednesday. This marks Pershing Square’s first new investment, which manages about $17 billion in assets, since the firm pumped money into Google parent Alphabet in the first quarter of […]

NY pension fund bought $75M CrowdStrike stake before IT meltdown

A New York state pension fund is facing nearly $30 million in losses after buying CrowdStrike shares just before the tech company caused a global network outage and sent its stock price plummeting. The New York State Teachers Retirement System (NYSTRS) bought 197,462 shares of the Austin-based cybersecurity company in the second quarter of this […]

Teachers’ Minn. pension fund under Tim Walz ‘cooking the books’ by vastly underreporting fees: ‘Madoff miracle’ – New York Post

Minnesota Gov. Tim Walz’s public school teachers’ retirement system “falsified the books” by dramatically under-reporting the annual fees it paid to Wall Street investment managers, posting nearly impossible gains that rivaled the “Madoff miracle,” a top pension investigator said. The state Teachers Retirement Association has disclosed less than 10 percent of the estimated $2.9 billion […]