On Sunday, sources indicated Reddit's IPO is four to five times oversubscribed, making it more likely to reach its $6.5 billion valuation.
Investors
Trump's Social Media Company, Which Owns Truth Social, Set To Go Public; Ex-President Could Net $3 Billion Soon!
The DWAC voted in favor of merging with Trump Media & Technology Group, which owns the Truth Social platform.
Joe Lewis: British Billionaire Who Admitted to US Insider Trading Argues He Shouldn’t Go to Jail
British billionaire Joe Lewis pled guilty to insider trading and sought supervised release for three years and a $5 million punishment instead of jail time.
Citigroup Sells Most Non-US Consumer Businesses as Its Biggest Overhaul Progresses
Citigroup has sold its non-US consumer business operations in nine out of 14 regions and "substantially wound down" three more in Korea, Russia, and China.
NVIDIA AI Chips to Power Singtel's Advanced Computing Services in Southeast Asia
Singtel partners with NVIDIA for new AI Chips that launch GPU-as-a-Service (GPUaaS), offering on-demand access to AI-powered cloud computing with accelerated graphics processing units (GPUs).
Latest News
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead.
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.
China's central bank withdrawal indicates cautious economic growth, disappointing stimulus hopes, and limited policy options amid yuan decline and global rate disparities.
Swedish global investment company EQT will return 20% of Ottobock's investment to its significant shareholders.
JPMorgan Chase CEO Jamie Dimon is urging the US Federal Reserve to exercise patience and refrain from cutting interest rates until after June.
The U.S. Commerce Secretary announced that the Philippines is expected to receive $1 billion from U.S. firms.
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 segment in the United Kingdom for exchange-traded notes (ETNs) backed by cryptocurrency.
Steven Mnuchin, the US Treasury Secretary under former president Donald Trump, has invested in a troubled regional US bank.
Bitcoin reaches $64,000, thanks to the spot BTC ETF approval. This is its highest record since 2021.
