The Death Star of global finance is starting to have a good feeling about crypto…even if no one else does. Goldman Sachs plans to spend tens of millions buying or investing in crypto companies, Reuters reported Tuesday. The FTX implosion…
Always bet on Black…stone. On Thursday, investment firm Blackstone agreed to sell its minority stake in two Las Vegas hotels in a deal that values the properties at $5.5 billion, according to The Wall Street Journal. The transactions continue Blackstone’s…
British bank HSBC used to bill itself as “the world’s local bank,” but the emphasis is increasingly on local and less on the world part of the equation. On Tuesday, the gigantic financial institution agreed to sell its Canadian business…
It’s not exactly a victory parade on Red Square, but on Monday an electric scooter company announced it’s considering listing on the Moscow Exchange, which would make it the country’s first initial public offering since President Vladimir Putin launched his…
Turns out, the house of non-fungible cards that Sam Bankman-Fried built FTX on may just share a few load-bearing foundations with another major crypto player. BlockFi, a lender that forgoes credit checks and uses cryptocurrencies as collateral, has now become…
A bear market worthy of the Leonardo DeCaprio movie The Revenant is driving investors to drink, if not quite literally. “Fine and rare” single malt whiskies have exploded in price this year, according to a new report from Scottish investment…
Crypto’s biggest players are attempting to avoid a (block)chain reaction. After the epic collapse of crypto firm FTX last week, the rest of the industry’s key exchanges — Binance, Crypto.com, and the like — are rushing to ward off panic…
Is FTX CEO Sam Bankman-Fried the Elizabeth Holmes or Bill Hwang of crypto? After fellow exchange Binance wiggled out of a deal to acquire the firm earlier this week (and backstop its massive losses), FTX finds itself seriously short on…
Whether electoral maps turn red or stay blue Tuesday night, Wall Street greenbacks are making sure it stays friends with whichever side comes out on top. Private equity financiers have contributed a record nearly $150 million to this year’s midterm…
Environmentalists better stop hugging and start knocking on wood. On Tuesday, Oak Hill Advisors, a subsidiary of $54-billion-asset-managing T. Rowe Price, led a group of investors to acquire 1.7 million acres of forestry for $1.8 billion in a bid to…
With dealmaking showing few signs of life, America’s biggest bank is turning to a branch of science devoted to the discovery of living organisms. JP Morgan Chase launched a life sciences venture group Tuesday, the latest development in the bank’s…
