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The price ofBitcoin(CCC:BTC-USD) slipped to below $39,000 on Thursday after the World Bank refused E

In 1999, Benson Tam decided to help out his buddy Joe Tsai and orchestrated a $500,000 investment for his then-untested startup. That company turned out to beAlibaba Group Holding Ltd., which revolutionized online shopping in China and debuted 15 years later with the world’s largest initial public offering, yielding a 200-fold return for Tam and his partners.Now, his Beijing-based Venturous Group has raised $131 million from financial institutions including Fidelity as well as billionaire famili

WASHINGTON, June 16 (Reuters) - The United States is pursuing every avenue to ensure that countries

Transocean’s 75% share rally spurs $400 million equity sale Company was at risk of bankruptcy last y

Cruise, a majority-owned subsidiary of General Motors, has secured a new $5 billion line of credit as it prepares for commercialization of an autonomous ride-hailing business.The new credit is being provided by GM's automotive financing arm to use for the purchase of Cruise's self-driving Origin shuttles.This past month, GM began assembly of 100 pre-production Cruise Origin vehicles that will be built this summer for validation testing.Cruise, a majority-owned subsidiary ofGeneral Motors, has se

Perhaps it's prudent to ease up on the throttle.

Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis

SummaryMarqeta has filed terms for its $1 billion IPO.The firm provides credit card issuing products and related services to businesses worldwide.MQ is growing rapidly, producing copious free cash flow, and the IPO appears reasonably valued, so is worth a close look.Quick Take. The company provides customized credit card issuing and related services to businesses worldwide.MQ is growing top-line revenue impressively, is generating strong free cash flow, has a credible path to operating breakeven