Adam Neumann Offers Over $500 Million Bid to Reacquire WeWork, Report Says
Adam Neumann attempted to buy back WeWork, the office-sharing company he co-founded and once valued at $47 billion before filing for bankruptcy in November.
Investors
Former Cruise CEO Kyle Vogt Returns to Robotics Realm, Raises $150 Million for Household Robot Company
Kyle Vogt, the former founder and CEO of self-driving vehicle firm Cruise, has launched a new venture-backed robots business focusing on home tasks.
Hong Kong Cracks Down Fake Crypto Exchange Using Elon Musk Deepfakes to Trick Investors
The public has been cautioned by the Hong Kong Securities and Futures Commission (SFC) about Quantum AI, an organization that is suspected of carrying out fraudulent activities involving virtual asset..
Elon Musk's xAI Nears $18 Billion Valuation Following Major Funding Round Amid Rising Investor Interest
Elon Musk's xAI Corporation is approaching the end of a major investment round, with investors valuing the business at $18 billion...
FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims...
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) fo...
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in...
Latest News
Citigroup to Complete Sweeping Overhaul This Week After Laying Off 5,000 Employees
Citigroup has entered the final phase of an extensive overhaul to streamline its operations and enhance performance.
Tinder's Match Group Welcomes New Directors to Board Following Deal with Investor Elliott
Match Group, the parent company of Tinder and Hinge, adds two new directors after discussions with activist investor Elliott.
Trump's Social Media Company, Which Owns Truth Social, Set To Go Public; Ex-President Could Net $3 Billion Soon!
The DWAC voted in favor of merging with Trump Media & Technology Group, which owns the Truth Social platform.
Joe Lewis: British Billionaire Who Admitted to US Insider Trading Argues He Shouldn’t Go to Jail
British billionaire Joe Lewis pled guilty to insider trading and sought supervised release for three years and a $5 million punishment instead of jail time.
Citigroup Sells Most Non-US Consumer Businesses as Its Biggest Overhaul Progresses
Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China.
Singtel to Launch Next-Gen NVIDIA AI Chips for a Groundbreaking Computing Services in Southeast Asia
Singtel partners with NVIDIA for new AI Chips that launch GPU-as-a-Service (GPUaaS), offering on-demand access to AI-powered cloud computing with accelerated graphics processing units (GPUs).
South Korea Announces $313 Billion Funding for Projects to Fight Climate Change
South Korea has committed to providing 420 trillion won ($313.4 billion) in policy loans to finance projects that will help the country meet its climate goals.
Student Housing Pioneer Patrick Nelson Grapples with $115 Million Legal Debacle, Investor Outrage
Prominent student housing figure Patrick S. Nelson is facing a turbulent legal battle with debts reaching $115 million.
Reddit Set to Make Public Debut; Why This Might be a Good News for Investment Banks?
On Sunday, sources indicated Reddit's IPO is four to five times oversubscribed, making it more likely to reach its $6.5 billion valuation.
