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Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
President Donald Trump hosts a Greek Independence Day celebration at the East room of the White House in Washington
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Around midday on March 23, the news that a once vaunted hedge fund would close started rippling through New York's hedge fund community. Eton Park Capital Management, a $7 billion hedge fund run by former Goldman Sachs wunderkind Eric Mindich, announced it would shutter.
In several ways, Eton Park's rise and closure symbolize a broader journey for the hedge fund industry. With some of the biggest hedge funds around closing, Business Insider took a look at what it takes to launch one today.
Elsewhere in finance news, an increasing number of Americans have stopped paying their car loans, and Wall Street is starting to worry. And Goldman Sachs just named a new head of technology in EMEA.
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President Trump is making huge changes to his economic plans after the "Trumpcare" defeat.
The Trump rally's "great unwind" might just be getting started, according to David Rosenberg at Gluskin Sheff. And here's where America wants Trump to focus his efforts, according to Legg Mason.
In more positive news, aUS consumer confidence exploded to the highest level since 2000.
Elsewhere, GM is jumping as it faces off with David Einhorn over a plan to split its stock in to two classes. American Airlines is buying a $200 million chunk of China's largest airline. And the former CEO of Valeant is suing the embattled drug company for not paying him more than 3 million shares.
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In deal news, tech startup Yext priced its IPO at $8 to $10 a share. Chinese tech giant Tencent has taken a 5% stake in Tesla. And ais in talks to buy a controlling stake in Forbes
In media news, Wall Street Journal staffers signed a letter criticizing the control white men have over the newsroom.
Lastly, you could soon own a 104-metre-long private mega-yacht complete with a helipad, glass elevator, cinema, and beach club — but it'll cost you £160 million ($200 million).
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How one analyst thinks Apple could hit $200 - UBS analyst Steven Milunovich believes Apple might be able to hit a $200 stock price if everything goes right for the company over the next few years.
A top Goldman Sachs dealmaker says she learned a major career lesson eating in a cafeteria in Milan - treated differently in the workplace
EMIRATES PRESIDENT: We don't know if the US laptop ban will hurt business — but here's how things went this weekend - Emirates Airline won't be able to gauge the financial effects of the US government's ban on laptops on flights from the Middle East until May, but the rollout of the policy last weekend was relatively smooth, its president, Sir Tim Clark, said in an interview with Business Insider.
Johnson & Johnson just launched a $100,000 burnout prevention bootcamp for CEOs - the Harvard Business Review
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22 clothing items every man should own before he turns 30 - When a man turns 30, he turns around and looks back at his life.
Fashion mogul Chris Burch built a five-star resort on a remote Indonesian island — and it's officially the best in the world - After founding or cofounding several internationally known retail brands — C. Wonder and Tory Burch — and investing in several others, Chris Burch is taking his entrepreneurial eye to a new industry: hospitality.
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