Mitch McConnell Wonders Why Jon Stewart Is ‘All Bent Out of Shape’ Over 9/11 Victim Compensation Fund

After comedian Jon Stewart raked him over the coals for dragging his feet (once again) on extending the 9/11 Victim Compensation Fund, Senate Majority Leader Mitch McConnell complained Monday morning that Stewart was just looking for some way to be offended.

And the senator added that he didn’t get why he was “all bent out of shape.”

Following his emotional House testimony on behalf of 9/11 first responders in which he excoriated Congress for seemingly not caring about the plight of the victims, Stewart appeared on Fox News Sunday and shamed McConnell for not prioritizing the bill.

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Hedge fund urges Madame Tussauds operator to go private

A large investor in the operator of Madame Tussauds is waxing nostalgic about the company’s days as a private entity. Activist hedge fund ValueAct is urging the company behind the maker of Meghan Markle and Arianna Grande wax figurines to pursue a deal to take itself private, saying a going-private transaction would result in a…
Business | New York Post

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‘Toxic cocktail’ brewing for U.S. asset managers: hedge fund investor Kass

Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be “the next group to feel…


Reuters: Wealth

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T.I. Honors Late Sister Precious Chapman With New Scholarship Fund

Sister 2 Sister Ladies Night

Source: Thaddaeus McAdams / Getty

Earlier this year T.I.‘s sister Antoinette “Precious” Harris Chapman passed away and now the rapper is honoring her legacy with a new scholarship program. Partnering with VH1 and the United Negro College Fund, T.I. announced the Precious Chapman Scholarship Fund during the annual Dear Mama: A Love Letter To Mama ceremony.

“My sister Precious was a single mother, who worked to make life better for her children and everyone she encountered,” he said, according to the Atlanta Journal Constitution. “In the spirit of that, we are awarding a deserving student a scholarship in my sister’s name.” The site reports that this year’s $ 25,000 prize went to Tierani Scott, who is a single mother and junior at Philander Smith College in Little Rock, Arkansas.

May Precious rest in peace.

Photo: Getty

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Hedge fund Vor Capital secures investment from Borealis Strategic: sources

Borealis Strategic Capital Partners, which invests in new hedge funds, has written its first check to commit capital to Europe-oriented stock fund Vor Capital, two people familiar with the matter…


Reuters: Wealth

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Hedge fund slammed over $6.8B in unpaid taxes seeks deal with IRS: report

In a move that could severely ding investors, secretive hedge fund Renaissance Technologies is in talks to settle a dispute with the Internal Revenue Service over billions in unpaid taxes. RenTech’s flagship Medallion fund was determined to have avoided up to $ 6.8 billion in taxes over a 15-year period by the Senate’s Permanent Subcommittee on…
Business | New York Post

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Fund managers skittish over Levi’s long-term growth prospects

Levi Strauss & Co’s is betting it can convince investors there is still plenty of global growth left for the 165-year old company, but fund managers fret the iconic blue jeans maker’s stock may be too pricey to generate a decent return.


Reuters: Arts

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Photo Coverage: The Original [title of show] Gang Reunites to Benefit Actors Fund!

A-D-D-D-D-F-A were the first notes of the show last night as the Actors Fund brought back the beloved fan favorite and critically acclaimed musical title of show in a reunion concertat The Broadhurst Theatre. This one-night only reunionstarred original cast members Hunter Bell, Susan Blackwell, Heidi Blickenstaff and Jeff Bowen along with musical director Larry Pressgrove. All proceeds will benefit The Actors Fund.
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Showtime’s ‘Billions’ ripped off hedge fund performance coach: suit

The tagline for season four of “Billions,” out March 17, is, “Leave them with nothing.” Mission accomplished, says Denise Shull. “They’ve left me with nothing and then went out of their way to make me look bad for telling the truth,” said Shull, a NYC-based performance coach for hedge funds. In a copyright-infringement lawsuit she…
Entertainment | New York Post

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Jon Stewart Demands Congress Fund 9/11 Victim Program ‘Properly’ | NBC News

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Billionaire Ken Griffin’s Citadel hires female hedge fund founder

Billionaire Ken Griffin just snagged an ex-Paulson & Co. trader for his $ 28 billion hedge fund, The Post has learned. Griffin, who has been grabbing talent from Goldman Sachs, D.E. Shaw and Point 72 Capital in recent months, hired Samantha Greenberg away from Margate Capital, the $ 215 million hedge fund she launched three years ago,…
Business | New York Post

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RPT-Wall St Week Ahead-U.S. fund managers brace for consumer slowdown

With expectations for slowing growth
escalating, U.S. fund managers are selectively avoiding stocks
in consumer companies as lofty valuations, concerns about
declining earnings estimates, and consumer confidence keep them
on guard.


Reuters: Company News

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YOUR MONEY, YOUR LIFE: EPISODE 6 – “Ways To Finance Your Emergency Fund”

Establishing and maintaining a cash emergency fund, with an amount equal to six months up to a year’s worth your annual living expenses, is a foundational principle of financial wellness. Author, speaker, and financial coach Tarra “Madam Money” Jackson answers the question of where to get the money to finance your emergency fund



The new personal finance podcast, Your Money, Your Life is sponsored by Prudential and hosted by Black Enterprise’s own Alfred Edmond Jr. This special series features a lineup of great guests, including The Breakfast Club’s Angela Yee; DeForest B. Soaries Jr., founder of the dfree Financial Freedom Movement; Tiffany “The Budgetnista” Aliche; and Jacquette M. Timmons, president & CEO of Sterling Investment Management. The show will cover money topics ranging from how to control your debt to our psychological relationship with our finance. A can’t miss!

The post YOUR MONEY, YOUR LIFE: EPISODE 6 – “Ways To Finance Your Emergency Fund” appeared first on Black Enterprise.

Money | Black Enterprise

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Trump could take billions from disaster areas to fund border wall

Under the proposal, Trump could dip into money set aside to fund civil works projects all over the country including storm-damaged areas of Puerto Rico.
Economy

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As FAANG stocks falter, fund managers make bets on survivors

A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for the next big growth companies that can lead the overall market higher.


Reuters: Technology News

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Hedge fund Elliott raises pressure on Mitek after takeover bid rejected

Hedge fund Elliott Management on Tuesday asked Mitek Systems Inc to scrap a so-called “poison pill” to let it buy more stock and said it may press for board changes after the software company took…


Reuters: Wealth

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‘We need to trust the decision-making’ of OPEC: Russian sovereign wealth fund

"I think we need to trust the decision-making of the joint body because they're not interested in artificially high oil prices," says the CEO of Russian Direct Investment Fund, Kirill Dmitriev.
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Eddie Lampert’s hedge fund claims no ‘windfall’ from Sears demise

Think billionaire Eddie Lampert made a bundle off Sears’ demise? “Nothing could be further from reality.” That’s according to testily written court papers filed on Friday by Lampert’s hedge fund ESL Investments, which fired back at accusations that its deals to siphon off Sears assets over the past decade — from department stores to the…
Business | New York Post

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Kerby Jean-Raymond of Pyer Moss Wins the 2018 CFDA/’Vogue’ Fashion Fund

On Monday night, the 10 talented, hopeful finalists for the 2018 CFDA/Vogue Fashion Fund convened at the Brooklyn Navy Yard to celebrate the 15th anniversary of the program with a crowd of industry bigwigs, celebrities and style stars. After months of competition in the form of design-based …

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