TikTok’s Chinese parent ByteDance has finalized a long-anticipated deal to place the app’s US operations into a new, majority American-owned joint venture, securing US user data and averting a potential nationwide ban. The agreement marks a major milestone after nearly five years of political, legal, and regulatory battles over national security concerns surrounding the short-form […]
Capital One Financial Corp. has agreed to acquire fintech startup Brex in a deal valued at $5.15 billion, the transaction was disclosed on Thursday. Under the terms of the agreement, Capital One will pay 50% in cash and 50% in stock. Brex was previously valued at $12.3 billion, highlighting the valuation reset that has swept […]
Asian markets advanced on Friday after the Bank of Japan kept interest rates unchanged, while a weaker US dollar pushed gold and silver to fresh records. The session unfolded against a backdrop of major geopolitical and corporate developments, including a landmark US deal for TikTok, political uncertainty in Japan after a snap election call, and […]
It seems as if there is no stopping the ongoing rally in precious metals prices. Gold and silver hit fresh record highs on Friday as bets on an interest rate cut by the US Federal Reserve increased amid geopolitical uncertainties. Lower interest rates increase the appeal of precious metals as they are non-yielding assets, unlike […]
Prague-based defence firm Czechoslovak Group (CSG) is set to begin trading in Amsterdam on Friday, in a deal that is expected to become the biggest defence IPO on record by funds raised. The listing values the Czech-owned group at 25 billion euros ($29.30 billion), placing it among Europe’s most significant market debuts in recent years. […]
The closely-watched BitGo IPO concluded on Thursday, with the stock rising by 2% and its market capitalization moving to over $2.1 billion. Now, Ledger has hired banks as it explores going public in New York. Ledger hires banks to go public Ledger, a French company that sells devices that help clients to store their cryptocurrencies, […]
Chaos engulfing northeastern Syria has sparked fresh security fears after Syria’s new governing authorities moved against U.S.-backed Kurdish forces, forcing the U.S. military to rush ISIS detainees out of Syria and into Iraq. The U.S. military launched an operation Wednesday to relocate ISIS detainees amid fears that instability could trigger mass prison breaks. So far, […]
The Republican National Committee (RNC) is taking a big step toward holding its first-ever midterm convention. The RNC on Friday approved a change to the party’s rules that would allow Chair Joe Gruters to convene a convention during a midterm election year. National political conventions, where party delegates from around the country formally nominate their […]
The Senate is canceling its scheduled Monday night vote as the District of Columbia braces for a winter storm that will dump snow and ice on a significant swath of the country — with just days left for the chamber to avert a partial government shutdown. Senate Majority Leader John Thune’s office announced the scheduling […]
Air Force One experiencing a minor mechanical issues as President Donald Trump began his trip to Davos, Switzerland, Tuesday evening proved his point that the U.S. needs to update its presidential plane, the White House told Fox News Digital. ‘The minor mechanical issue proves that President Trump was right again,’ White House spokeswoman Anna Kelly […]