(Opalesque) Lone Star Funds raised about $5.3 billion with the final closing for its 12th opportunity fund, Lone Star Fund XII. The Fund will continue its strategy of investing in distressed assets in real estate, corporate equity, credit, and other […]

(CNBC) U.S. stock futures traded near the flatline Tuesday night after the S&P 500 closed above 5,500 for the first time. Futures tied to the S&P 500 inched down 0.1%. Dow Jones Industrial Average futures and Nasdaq 100 futures were marginally lower. To read this article:

(Hedgeweek) Bridgewater Associates, the hedge fund major led by CEO Nir Bar Dea, has launched a new strategy that uses machine learning as the primary basis for its investment decision making process, according to a report by Bloomberg. To read […]

(CNBC) David Ellison’s Skydance has reached a preliminary deal with Shari Redstone’s National Amusements to merge with Paramount, according to two people familiar with the matter, resurrecting a deal which failed just weeks earlier. Controlling shareholder National Amusements has referred the deal to the Paramount special […]

(CNBC) Bitcoin has not reached the top of its current appreciation cycle and is likely to go past its all-time high this year, according to a research report released by CCData on Tuesday. Bitcoin hit an all-time high of above $73,700 […]

(CNBC) Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting interest rates. “We’ve made quite a bit of […]

(CNBC) For customers, fintech promised the best of both worlds: The innovation, ease of use and fun of the newest apps combined with the safety of government-backed accounts held at real banks. The startups prominently displayed protections afforded by the Federal Deposit […]

(CNBC) U.S. stock futures are little changed Monday night after the major averages closed higher to start the second half of 2024, as tech stocks outperformed. Dow Jones Industrial Average futures fell 43 points, or 0.1%. S&P 500 futures slipped 0.1%, and Nasdaq 100 […]

(CNBC) Salesforce investors voted against the company’s compensation plan for top executives, after shareholder advisory groups raised concerns about equity awards granted to CEO Marc Benioff. According to a regulatory filing on Monday, the resolution to approve the compensation received 339.3 million votes in […]

(CNBC) Ken Griffin, founder and CEO of Citadel, said he remains skeptical that artificial intelligence could soon make human jobs obsolete as he sees flaws in machine learning models applied in certain scenarios. “We are at what is widely viewed […]

(CNBC) A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and it has investors worried. In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will […]

(CNBC) The presumptive Republican presidential nominee promised to loosen the regulation of cryptocurrencies if he is elected in November, and to “get out of the way of innovation,” a person who was in the room told CNBC. When he was […]