Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out
Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco…
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Banco BPM says UniCredit’s ‘unusual’ $10.5 billion takeover offer does not reflect its profitability
A Banco BPM SpA bank branch in Milan, Italy, on Friday, Nov. 15, 2024. Bloomberg | Bloomberg | Getty ImagesItalian lender…
Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion
Warren BuffettDavid A. Grogan | CNBCWarren Buffett, who has amassed a $150 billion personal fortune, made a case against creating…
Bitcoin vs. gold: State Street worries the crypto rally’s allure is distracting precious metal investors
The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy…
Visa and Mastercard execs grilled by senators on ‘duopoly,’ high swipe fees
The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both…
Top 10 S&P 500 stock winners since Election Day
Stock traders on the floor of the New York Stock Exchange.Michael M. Santiago | Getty Images News | Getty ImagesMany…
The founder of the biggest gold ETF is still bullish 20 years later
The founder of the first gold-tracking ETF is still bullish on the commodity two decades later.“Things are looking good for…
Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism
Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event…
Baidu posts 3% drop in third-quarter revenues, beating market expectations
Baidu on Nov. 12, 2024, unveiled a pair of glasses with a built-in AI assistant, putting up a Chinese rival…
U.S. ‘industrial renaissance’ is fueling a rebound in fundraising, Apollo CEO Marc Rowan says
Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O’Hanley, chief executive officer of State Street…
Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen
Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty ImagesLISBON, Portugal — Financial technology unicorns aren’t in…
Women prefer to play mobile games. China’s Tencent sees an opportunity
Tencent’s Honor of Kings mobile game drew a record 33,000 fans to watch a final competition in Beijing on Nov.…
Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary
Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024…
How to protect your portfolio against risks tied to President-elect Trump’s tariff agenda
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda.Davi said he worries the new…
China retail sales beat forecasts in October while real estate slump worsens
Pictured here is a Shanghai development under construction on Nov. 4, 2024.Cfoto | Future Publishing | Getty ImagesBEIJING — China…
Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in…
Watch Fed Chair Powell speak live to business leaders in the Dallas area
[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a…
Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill…
Chinese AI startup takes aim at OpenAI’s Sora with image-to-video tool launch
Pictured here is an AI-generated clip from Vidu’s website. The tool can create videos from text or image prompts.Evelyn Cheng…
Hedge funds performed better under Democratic presidents than Republican ones, history shows
Traders work on the floor of the New York Stock Exchange. NYSEThere’s been a rush of enthusiasm on Wall Street regarding…
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