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Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
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US SEC Gives Green Light for Options Listing for Spot Bitcoin ETFs to NYSE
The Securities and Exchange Commission (SEC) has granted "accelerated approval" to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the NYSE.
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US Billionaire Buys Largest Stegosaurus Skeleton For $44.6 Million, Shatters Auction Records
The towering, 11-foot-high behemoth, dubbed "Apex," was excavated just outside present-day Dinosaur, Colorado, in May 2022.
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US Billionaire Bill Ackman Accuses Uber Of "Ripping Off" Cab Driver, CEO Reacts
American billionaire hedge fund manager Bill Ackman recently accused Uber of "stealing tips" from its driver, before retracting his statement after getting clarification from the company.
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Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
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''Had The Best Sleep'': Crypto Founder Calls Time In Singapore Jail ''Enjoyable''
He claimed that he had the ''best sleep'' of his life while serving the sentence in a Singaporean prison, and added that everyone should look to spend time inside a cell.
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How Medical Resident's Blog Spurred 3rd Largest Bank Failure In US History
The best short call of 2023 wasn't made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.
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Billionaire Vows To Stop Donations To Columbia University Over Students' Protest Against Israel
Hedge fund billionaire Leon Cooperman has vowed to stop donating to Columbia University after students at the Ivy League school held protests critical of Israel during its ongoing war with Hamas operatives.
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Byju's Hid Rs 4,400 Crore In Fund Once Run From Pancake Shop In US, Allege Lenders: Report
Byju's, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash.
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Walmart Buys Out Tiger Global’s Stake in Flipkart for $1.4 Billion: Report
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.
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FTX Founder Sam Bankman-Fried Accused of Witness Tampering
US prosecutors have accused FTX founder Sam Bankman-Fried of witness tampering and asked a federal judge to issue an order that would bar the former billionaire and other parties from making public statements likely to interfere with a fair trial. The prosecutors wrote to US District Judge Lewis Kaplan on Thursday referencing a New York Times artic...
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Seoul Counters Court Order To Pay Elliott $53.6 Million In Samsung Feud
South Korea has filed a suit against an order to pay hedge fund Elliott more than $50 million in damages over the controversial 2015 merger of two Samsung affiliates, Seoul's justice ministry said Tuesday.
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BlackRock CEO Labels Bitcoin as International Asset as Firm Awaits Approval for BTC ETF Listing
Crypto assets will be used to digitise gold, Larry Fink, the CEO of BlackRock, said in his statement. In a suggestion to the US regulators, Fink said that ETF filings could democratise cryptocurrencies because investors will have an option to choose BTC, or other crypto assets could be used as a hedge against inflation.
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FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
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Sam Bankman-Fried Loses Bid for Dismissal of Criminal Charges Over FTX's Collapse
A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...
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Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
-
US SEC Gives Green Light for Options Listing for Spot Bitcoin ETFs to NYSE
The Securities and Exchange Commission (SEC) has granted "accelerated approval" to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the NYSE.
-
US Billionaire Buys Largest Stegosaurus Skeleton For $44.6 Million, Shatters Auction Records
The towering, 11-foot-high behemoth, dubbed "Apex," was excavated just outside present-day Dinosaur, Colorado, in May 2022.
-
US Billionaire Bill Ackman Accuses Uber Of "Ripping Off" Cab Driver, CEO Reacts
American billionaire hedge fund manager Bill Ackman recently accused Uber of "stealing tips" from its driver, before retracting his statement after getting clarification from the company.
-
Explained: Mystery Of Byju's 'Hidden' $533 Million Stuck In Offshore Trust
Edtech firm Byju's parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million and a Florida hedge fund.
-
''Had The Best Sleep'': Crypto Founder Calls Time In Singapore Jail ''Enjoyable''
He claimed that he had the ''best sleep'' of his life while serving the sentence in a Singaporean prison, and added that everyone should look to spend time inside a cell.
-
How Medical Resident's Blog Spurred 3rd Largest Bank Failure In US History
The best short call of 2023 wasn't made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.
-
Billionaire Vows To Stop Donations To Columbia University Over Students' Protest Against Israel
Hedge fund billionaire Leon Cooperman has vowed to stop donating to Columbia University after students at the Ivy League school held protests critical of Israel during its ongoing war with Hamas operatives.
-
Byju's Hid Rs 4,400 Crore In Fund Once Run From Pancake Shop In US, Allege Lenders: Report
Byju's, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash.
-
Walmart Buys Out Tiger Global’s Stake in Flipkart for $1.4 Billion: Report
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors.
-
FTX Founder Sam Bankman-Fried Accused of Witness Tampering
US prosecutors have accused FTX founder Sam Bankman-Fried of witness tampering and asked a federal judge to issue an order that would bar the former billionaire and other parties from making public statements likely to interfere with a fair trial. The prosecutors wrote to US District Judge Lewis Kaplan on Thursday referencing a New York Times artic...
-
Seoul Counters Court Order To Pay Elliott $53.6 Million In Samsung Feud
South Korea has filed a suit against an order to pay hedge fund Elliott more than $50 million in damages over the controversial 2015 merger of two Samsung affiliates, Seoul's justice ministry said Tuesday.
-
BlackRock CEO Labels Bitcoin as International Asset as Firm Awaits Approval for BTC ETF Listing
Crypto assets will be used to digitise gold, Larry Fink, the CEO of BlackRock, said in his statement. In a suggestion to the US regulators, Fink said that ETF filings could democratise cryptocurrencies because investors will have an option to choose BTC, or other crypto assets could be used as a hedge against inflation.
-
FTX Alleges Former Lawyer of Aiding Sam Bankman-Fried's Fraud, Silencing Whistleblowers
FTX filed a complaint on Tuesday in US Bankruptcy Court in Delaware, accusing one of its former top lawyers, of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. Daniel Friedberg, a former chief compliance officer at FTX and general counsel of its related crypto hedge fund Alameda...
-
Sam Bankman-Fried Loses Bid for Dismissal of Criminal Charges Over FTX's Collapse
A federal judge on Tuesday rejected Sam Bankman-Fried's request to dismiss most of the US government's criminal case accusing him of orchestrating a multibillion-dollar fraud. The decision paves the way for an October 2 trial of the FTX founder. Prosecutors accused Bankman-Fried of stealing billions of dollars in FTX customer funds to plug losses a...
