VENTURE CAPITAL POST

GoBankingRates provided several immediate impacts that would affect Wall Street and other financial institutions following US President Joe Biden’s decision to stand down from the race to the White House.

US President Joe Biden announced that he was standing down from the country’s presidential election this November, endorsing Vice President Kamala Harris on his stead.

Singapore becomes a major hub for international mergers and acquisitions this quarter, with deal values up 102% from last year to $23.8 billion.

Chinese Premier Li Qiang is in New Zealand for a three-day trip aimed at strengthening business and trade ties between the two countries.

India’s ruling Bharatiya Janata Party narrowly won the 2024 general elections, forcing it to form a coalition and negotiate some economic policies in the near future.

JPMorgan Asia Pacific CEO Sjoerd Leenart says China has a major role in driving the global economy, asserting that doing business in China is important.

South Africa faces a significant corporate exodus, raising economic concerns. Major departures like BNP Paribas and Shell highlight regulatory instability and threatening investment.

Middle managers are at risk of being laid off when companies resort to layoffs to save money.

McDonald's admits losing customers because lower-income Americans prefer to cook at home instead of dining out.

Bobby Kotick, former Activision CEO, seeks to acquire TikTok amid US government inquiry and concerns over data exchange between ByteDance and China.

He discusses AI, Blockchain, and navigating layoffs in the gaming sector.

The Third Plenum has not yet materialized, raising concerns about the country's ability to tackle economic challenges despite anticipated ambitious growth targets.

Boeing is in talks to repurchase Spirit AeroSystems, the manufacturer of fuselages for its 737 Max jets, as both companies address manufacturing flaws in the aircraft.

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.

Denver-based TRVE Brewing has announced the closure of its Acid Temple facility amid industry challenges post-COVID-19 pandemic.