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.
Investors
Taylor Swift-Approved Bag Brand Aupen Receives Investment Interest From Major Fashion Conglomerates
Celebrated Singapore-based bag brand Aupen, endorsed by celebrities like Taylor Swift, attracts investor interest from major European fashion conglomerates, H&M Group and Prada Group.
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 wi...
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...
Latest News
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead.
Warren Buffett-Led Berkshire Hathaway Raises Pay for the 93-Year-Old Billionaire's Successor Greg Abel to $20 Million
The Warren Buffett-led conglomerate Berkshire Hathaway has increased the pay of Greg Abel, the 93-year-old billionaire's designated successor, to $20 million.
Foreign Investors On Alert As China Unusually Withdraws Cash From Banks
China's central bank withdrawal indicates cautious economic growth, disappointing stimulus hopes, and limited policy options amid yuan decline and global rate disparities.
EQT Plans to Divest 20% Stake in Ottobock to Its Existing Major Shareholders
Swedish global investment company EQT will return 20% of Ottobock's investment to its significant shareholders.
JPMorgan Chase CEO Jamie Dimon Advises the US Fed to Wait Past June Before Cutting Rates
JPMorgan Chase CEO Jamie Dimon is urging the US Federal Reserve to exercise patience and refrain from cutting interest rates until after June.
Philippines Could Receive $1 Billion From US Firms! Where Will Investments Be Used For?
The U.S. Commerce Secretary announced that the Philippines is expected to receive $1 billion from U.S. firms.
Bitcoin Reaches New All-Time High, Surpassing $71,000!
The crypto exchange-traded products allowed entry to the UK market. Financial Conduct Authority (FCA) said it would not oppose solicitations from accredited investment platforms to establish a market
Investors Led by Ex-Trump Official Invest $1 Billion to Troubled US Bank
Steven Mnuchin, the US Treasury Secretary under former president Donald Trump, has invested in a troubled regional US bank.
Bitcoin Reaches $64K—Breaking Its Highest Record Since 2021, Thanks To Spot BTC ETF Approval
Bitcoin reaches $64,000, thanks to the spot BTC ETF approval. This is its highest record since 2021.
