At present, ByteDance, a private Chinese company, owns TikTok. On Wednesday, 13 March 2024, the US House of Representatives approved a bilateral bill to cancel the international app if the company does not divest its stake. In a CNBC Squawk Box interview, Mnuchin, who is currently at the helm of Liberty Strategic Capital, said: I…
Read more
Founder Michael Saylor posted on X that the firm made this purchase “using proceeds from convertible notes & excess cash.” He said more institutional investors are considering owning BTC as it gets incorporated into ETFs. Saylor also believes that the halving process to be carried out in April this year will keep demand for the…
Read more
The data comes from the Janus Henderson Global Dividend Index (JHGDI) report, which is released on a quarterly basis. It confirmed that Microsoft (MSFT) paid the most significant dividend in 2023. Apple (APPL) and Exxon Mobil (XOM) followed the tech giant on the list. Ben Lofthouse, the head of global equity income at Janus Henderson,…
Read more
Reportedly, concerns at the forefront include the plunging commercial real estate market (CRE). During the pandemic, many offices were vacated by staff, and businesses established remote work practices. Since then, the market never fully recovered. Based on Reuters information, the 20,000 attendees include property giants such as LaSalle, Greystar, AEW, Patrizia and Federated Hermes (FHI.N).…
Read more
According to its latest report, Chery sold more than 1.8 million units in 2023, establishing a 52.6% year-on-year increase. For the same period, the carmaker exported over 937,000 vehicles to take China’s top spot as its most prominent passenger vehicle exporter for 21 consecutive years. In a Reuters exclusive, sources close to the matter indicated…
Read more
Reddit, a news aggregation site and forum network with over 73 million users, has never made a profit to date, but is regarded as one of the world’s biggest and most widely read websites. It has now revealed that its IPO will involve 22 million shares that will be sold for between $31 and $34…
Read more
This investment manager, which currently has the world’s largest Bitcoin ETF, is seemingly initiating this fund to offset its losses against more cost-effective competitors. Although the Grayscale Bitcoin Mini Trust will have lower fees, it will not spark capital gains tax for Grayscale Bitcoin Trust (GBTC) investors. Grayscale indicated that its current GBTC would seed…
Read more
For its financial quarter ending 2024, the company reported total remaining performance obligations of $80bn instead of the predicted $59bn. This 29% all-time high increase strengthens Oracle’s global competitiveness. In its press statement, chief executive officer Safra Catz noted: We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our…
Read more
The fund is supported by CDP Venture Capital, which operates under Cassa Depositi e Prestiti (CDP), Italy's state-backed financial institution known for its investment in innovative and strategic sectors for the country's economic growth. During a conference on AI held in Rome, which brought together experts, policymakers, and industry leaders to discuss the future of…
Read more
The offer of 220p per VMUK share represents 38% added to the company’s price on the open market on the day of the offer. It has also been suggested that a 2p dividend per share will be added to that figure. The expanded firm will be the second-largest mortgage provider in the UK, and also…
Read more