Invesco seeks to manage China’s $400 billion-plus state-controlled pension funds, according to the Wall Street Journal. The company is capitalizing on its almost two-decade stay in China, managing ordinary citizen’s…
Hedge fund assets surged to $4.07 trillion by the end of March as assets under management topped $4 trillion in February. According to CNBC, the asset boom was aided by…
The U.S is targeting the U.K and other five countries in retaliatory digital-service taxes on American technology firms, according to the Wall Street Journal. The retaliatory levies will be put…
$270 billion valued fund management Guggenheim Partners seeks to invest in bitcoin, according to a SEC filing. The investment will be under a new fund, “Guggenheim Active Allocation Fund.” The…
Start-up Celonis hit a valuation of $11 billion after raising $1 billion in a funding round, according to CNBC. The company’s value is now more than four times its 2019…
The world’s leading meat producer, JBS SA, is working to restore global operations affected by the cyberattack, according to Bloomberg. The company is optimistic that a large number of its…
Dogecoin surged 22% on Wednesday after Coinbase said it would allow trading of the crypto asset on its platform, Wall Street Journal reports. The rise in dogecoin was also fueled…
Elon Musk’s tweet about the viral YouTube song “Baby Shark” fueled gains in the creator's second-largest shareholder, Samsung Publishing Co., Bloomberg reports. Shares climbed about 10% to hit the highest…
The SEC informed Tesla that CEO Elon Musk’s tweets breached a court decree policy on two occasions in 2020, according to the Wall Street Journal. The decree mandated Musk’s tweets…
Saudi Aramco prepares to raise $5 billion from global capital markets to fund its $75 billion dividends, according to Bloomberg. The company has picked about 15 banks to manage sales…
Mudrick Capital has sold its entire holdings in AMC Entertainment, calling the meme stock overvalued, according to Markets Insider. The sale happened the same day Mudrick had purchased $230.5 million…
Brent crude futures jumped by about 2.7% on Tuesday to trade at $71.17 a barrel after OPEC+ agreed on gradual easing of output cuts, CNBC reports. OPEC+ agreed to boost…