Monthly Archives: March 2024

(CNBC) Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted late Friday to a Delaware court. […]

(CNBC) Adam Neumann’s financing was not immediately clear, although people familiar with the matter told CNBC that Dan Loeb’s Third Point was not involved in the offer. Neumann’s counsel had previously said that Loeb’s investment firm was backing the WeWork […]

(CNBC) The shares, which debuted at $34 on Thursday, closed at $59.80. Reddit and existing investors raised roughly $750 million combined in the offering. Reddit shares soared 48% on their first day of trading on New York Stock Exchange. A […]

(Hedgeweek) Digital asset investment products saw record weekly outflows totalling $942m, following a record seven-week run of inflows totalling $12.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article”

(CNBC) Stock futures were slightly lower Sunday evening ahead of March’s last—and shortened—trading week. Futures tied to the Dow Jones Industrial Average edged lower by 37 points, or 0.1%. S&P futures and Nasdaq 100 futures lost nearly 0.1%. The market […]

(CNBC) Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what it calls challenging market conditions. Stellantis on Friday said the layoffs would affect […]

(CNBC) The Bitcoin Commons is, at once, many things. By day, it functions as an open plan, fluorescent-lit co-working space for the more corporate-minded bitcoin operators, but at night, it moonlights as a safe space for underground meet-ups of the […]

(CNBC) China has rolled out new guidelines that will phase out U.S. processors in government computers and servers, effectively blocking chips from Intel and AMD.,The procurement guidelines, unveiled on Dec. 26, are now being enforced and will also impact Microsofts […]

(Hedgeweek) Short seller Russell Clark, who made money for much of the past decade or so by shorting stocks, is considering a comeback two years after shuttering his hedge fund on the back of the longest running bull market in […]

(Hedgeweek) Goldman Sachs Group’s asset management arm has raised over $700m in capital commitments for Union Bridge Partners I, a new opportunistic co-investment strategy that will focus on making investments alongside hedge funds and private credit firms. To read this […]

(Hedgeweek) Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research […]