Firstft Investors Pull Money from Starwood 10bn Property Fund
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Investors have never withdrawn from S&P 500 funds like they did last week
S&P 500 index funds saw the biggest outflows on record last week, according to data from Lipper’s global fund flows.MarketWatch - Business -
Labour’s manifesto: where will the money come from?
Plus, what might a Labour government mean for your personal finances?Financial Times - World -
The Money Habits I Learned From My Parents---for Better or Worse
We absorb our financial personalities from listening to, and watching, our parents. Sometimes they serve us well. Other times, not so much.The Wall Street Journal - World -
From dying mall brand to Wall Street winner: How Abercrombie & Fitch pulled off retail's biggest comeback
Abercrombie & Fitch nearly faded into irrelevance, but under the direction of CEO Fran Horowitz, it has transformed into one of Wall Street's biggest winners.CNBC - Business -
2024 U.S. Open prize money, purse: Payouts for every golfer from record $21.5 million pool at Pinehurst
The largest prize allotment in major-championship history is on the line this weekend at the 124th U.S. OpenCBS Sports - Sports - US Open -
Beatrice Advisors launches to serve millennial and Gen Z investors from diverse backgrounds
Beatrice aims to make education and accessibility paramount since many young inheritors will be new to managing wealth amid the 'great wealth transfer.'CNBC - Business -
What I learnt from your open-ended wisdom on closed-ended funds
My previous column on investment trusts filled my mailbag with expert responsesFinancial Times - Business -
Does it make more sense to buy or rent a property in the UK?
On average, buying a home with a capital and interest mortgage is 11 per cent more expensive than rentingFinancial Times - World -
The Hottest Investment for Hedge Funds Is Other Hedge Funds
Big firms like Millennium are so flush with cash they’re outsourcing it to other firms.The Wall Street Journal - World -
FirstFT: Musk talks of AI and humanoid robots after vote win
Also in today’s newsletter, Trump woos business leaders, and Wells Fargo workers fired for creating impression of ‘active work’Financial Times - World - Elon Musk -
Index funds are ruining the stock market
Passive investing is making market concentration worse, says new researchMarketWatch - Business -
Look Who the EPA Is Funding Now
Inflation Reduction Act money is paying groups that want to abolish ICE.The Wall Street Journal - World -
WNBA rookie tracker: Clark, Fever pull out win against the Dream
We're tracking every game for one of the most anticipated rookie classes in WNBA history.ESPN - Sports - WNBA -
Museum to pull famous paintings over Nazi looting fears
Five paintings, including one by Vincent van Gogh, will be removed while a Zurich museum investigates if they were stolen by Nazis.CBS News - Top stories -
Surprise, Tesla Investors Vote for a Higher Share Price
Right or wrong, Elon Musk and his investors are co-believers in a glorious if imprecise future.The Wall Street Journal - World - Tesla -
Could AI make you a better investor?
The technology is there, now regulators need to play their partFinancial Times - Business -
Hot Funds and the Curse of 'Self-Inflated Returns'
When billions of dollars gush into an ETF that just reported big gains, more gains can soon follow. The problem: The investors themselves are driving those gains—and will suffer when their impact fades.The Wall Street Journal - World -
Neil Jordan claims ex-taoiseach told him of money-for-endorsement agreement
Irish director says Garret FitzGerald said he was expecting payment from Warner Bros for endorsing Michael Collins biopic – which son refutes. When the Irish film director and screenwriter Neil Jordan’s biopic of Michael Collins was released in ...The Guardian - World -
One Of The Rarest Overwatch Skins Is Back, And The Money Goes To Charity
One of the rarest skins in Overwatch 2 is making its return and all of its sales are going to charity. The Pink Mercy skin has returned to Overwatch 2 for the first time since 2018, along with a new Rose Gold variant and the money from its sales ...GameSpot - Tech -
Scams against seniors are on the rise: ‘There’s no magic wand to get that money back’
How older adults can avoid cybercrimes and financial scamsMarketWatch - Business -
Michael Chandler responds after Conor McGregor pulls out of long-awaited UFC 303 fight
It's really hard to overstate just how badly agreeing to fight Conor McGregor has worked out for the 38-year-old Chandler.Yahoo Sports - Sports - UFC -
This fintech configures expense cards to block misuse — and investors just backed it with millions
Irish fintech CleverCards uses a digital platform linked to configurable expense cards to give companies control over how employees use their corporate cards.CNBC - Business -
Tesco boss says he is ‘well paid’ as investors vote on £10mn package
Shareholder vote on Ken Murphy’s pay comes as executive remuneration is in the spotlightFinancial Times - Business -
Investors Continue to Punish French Assets in Run-Up to Elections
French assets remain under pressure as the market prepares for snap elections at the end of the month, with the prospect of a win by Marine Le Pen’s far-right National Rally party.The Wall Street Journal - World -
What investors may be getting wrong about Apple’s AI strategy
With on-device computing and privacy features, Apple could have a whole new cachet and appeal for consumers.MarketWatch - Business -
Investors in recent Broadway shows could lose a staggering $200 million
Ahead of the Tony Awards on Sunday night, the industry has yet to regain its prepandemic form at the box office.MarketWatch - Business -
This ETF strategy may help investors skirt market concentration risk
A top exchange-traded fund provider is screening diversified value stocks for long-term gains.CNBC - Business -
Atalaya Capital Raises $1 Billion for Asset-Based Financing Fund
The New York-based alternative investment firm continues to expand its asset-based lending strategy.The Wall Street Journal - World -
Two-thirds of council-funded youth centres in England closed since 2010
Local government cuts have led to a ‘lost generation of young people’, warns UnisonFinancial Times - Business -
After Baillie Gifford, who is ‘clean’ enough to fund the arts?
The campaign against the asset manager has left festivals struggling to adapt to a new age of protestFinancial Times - Business -
Biden Team Set to Raise Record $28 Million at Hollywood Fund-Raiser
President Biden flew from a gathering of world leaders in Italy to Los Angeles to appear along with Barack Obama, George Clooney, Julia Roberts, Jimmy Kimmel and others.The New York Times - Top stories - Joe Biden -
Eyeing Trump presidency, conservatives want to delay funding fight
Bullish of former President Trump’s chances of winning back the White House in November, some conservatives are pitching a funding stopgap that would extend into next year rather than expire during a lame duck session when President Biden would ...The Hill - Politics - Donald Trump -
‘Stop sending me money’: Singapore keeper deluged after saves help China
Hassan Sunny denied Thailand to aid China in World CupSunny’s food stall receives business in person and onlineThe Singapore goalkeeper Hassan Sunny has urged Chinese football fans to stop sending him money after his saves in a 3-1 defeat by ...The Guardian - World - China -
WNBA Commissioner's Cup 2024: Scores, results, standings, schedule, format, prize money
The Liberty and Lynx will face off in the championship on June 25CBS Sports - Sports - WNBA -
Chinese soccer fans are pouring money into a food stall run by Singapore's goalkeeper. Here's why
Chinese soccer fans have poured their love — and money — into a Singaporean goalkeeper’s food stall after his performance in a game this week indirectly helped China advance to the third qualifying round for the World Cup in 2026ABC News - Sports -
Did You Buy a Disneyland ‘Dream Key’? Disney May Owe You Money.
Disney owes a total of $9.5 million to customers who bought a $1,400 Dream Key pass over the course of two months in 2021. The payments, about $67, are going out this month.The New York Times - Business -
Have you thought about the ‘squishy’ side of retirement? Retirement is about much more than money.
Financial advisers are trying to help clients with the nonfinancial aspects of retirementMarketWatch - Business -
‘People get wealthy in many different ways.’ Money you keep matters more than how much you make.
Save diligently and spend prudently — unless of course money is no object.MarketWatch - Business -
Investors continue to flee French stocks, shift toward German bonds on election nervousness
The spread between French and German 10-year government bonds continued to widen on Friday on nervousness that French parliamentary elections could yield a fractured body.MarketWatch - Business - Germany -
What Does $48 Billion Get Tesla Investors? A Return of the Old Elon Musk
The CEO filled shareholders’ heads with visions of robots and driverless cars, but they come with a cost beyond his pay package.The Wall Street Journal - World - Elon Musk