Cryptocurrency Trader Loses $70 Million in 6 Hours in So-called ‘Address Poisoning’ Scam
A cryptocurrency trader lost nearly $70 million in Wrapped Bitcoin (WBTC) after moving the enormous reserve to a suspicious wallet address.
Investors
UPS Picks Goldman Sachs to Oversee Its $43.4 Billion Pension Funds
UPS has picked banking giant Goldman Sachs to handle its $43.4 billion pension fund assets in the United States and Canada.
Billionaire Frank McCourt Launches Bid to Acquire TikTok, Aiming to Forge an Alternative Internet
Billionaire Frank McCourt is organizing a group to acquire TikTok's US businesses, joining a growing list of investors seeking chances under a new legal order to sell the platform's Chinese parent com..
Berkshire Hathaway Reveals $7 Billion Investment to Swiss Insurer Chubb
Warren Buffet’s company Berkshire Hathaway divulged that it has recently made a $7 billion investment in Swiss insurer Chubb...
Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase...
Taylor Swift-Approved Bag Brand Aupen Receives Investment Interest From Major Fashion Conglomerates
Celebrated Singapore-based bag brand Aupen, endorsed by celebrities li...
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 Cru...
Latest News
Oracle's AI Infrastructure Chosen By Billionaire Investors Over Nvidia
Billionaire Investors Steven Cohen and Israel Englander shifted their focus from Nvidia to Oracle, citing Oracle's potential in the AI sector and its consistent revenue growth in cloud infrastructure.
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.
Apple Surprises Market with Record $110 Billion Buyback Amid Higher-Than-Expected Q2 Results
Apple Inc. unveiled an unprecedented $110 billion buyback initiative, marking its largest buyback program to date.
Solar Philippines Founder Leandro Leviste Acquires 8.5% Stake in ABS-CBN Worth P76.5M
Renewable energy entrepreneur Leandro Leviste expands into media, acquiring an 8.5% stake in ABS-CBN Corp., with personal ties to former anchor Loren Legarda.
Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering.
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.
Donald Trump Secures Another $1.6 Billion Worth of Shares in Trump Media
Former President Donald Trump has received another $1.6 billion worth of shares in Trump Media & Technology Group.
Microsoft's Investment in OpenAI Was Sparked by Fears of Google's AI Dominance: Report
Microsoft's decision to invest in OpenAI stemmed from concerns about lagging behind Google in AI capabilities
Microsoft Urges to Invest $1.7 Billion to Develop AI, Cloud Infrastructure in Indonesia
Microsoft announced Tuesday that it will invest $1.7 billion in Indonesia over the next four years to construct new cloud and AI infrastructure.
