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.


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...


Latest News

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.
Snowflake CEO Frank Slootman Steps Down, Causing 18% Plunge in the Company's Stock Price
Snowflake CEO Frank Slootman's decision to step down caused an 18% decline in the company's stock price.
IOTA Foundation's $10 Million Investment Drive: Fueling Digital Trade and Tokenization
The IOTA foundation is investing $10 million in early-stage startups focusing on digital trade and tokenization of real-world assets, fostering innovation within the IOTA ecosystem.
Oprah Winfrey's Departure From WeightWatchers Board Causes Shares to Fall by 29%
Oprah Winfrey's announcement that she was leaving WeightWatchers International, Inc.'s board has made the company's shares tumbling.
South Korea Exploring Potential Sanctions for Businesses That Fail to Meet Shareholder Return Goals
South Korea's market watchdog warned that corporations may be fined for failing to boost shareholder returns over time.
Donald Trump Warns About the Biggest Stock Market Crash in US History if He Loses to Joe Biden and Investors Just Laugh
Former President Donald Trump has once again claimed that the US stock market will crash if he does not win in the upcoming presidential election.
Donald Trump Appeals $454 Million Civil Fraud Verdict as Penalty Increases to $112,000 Per Day
Former President Donald Trump is appealing a New York judge's ruling that he must pay $454 million in penalties and interest in a civil fraud case.
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