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Bessent Could Tap $1 Trillion Cash Account to Control Bond Market
U.S. Treasury Secretary Scott Bessent is considering an unusually powerful tool to stabilize the Treasury market: the government’s enormous cash balance held at the...
Michael Burry Swaps Alibaba for JD.Com After $10 Billion AI Funding Plan
“Big Short” investor Michael Burry has moved his entire Alibaba position into rival Chinese e-commerce company JD.com, saying Alibaba’s latest share sale has made...
Anthropic Targets a $100 Billion IPO at a $2 Trillion Valuation
Anthropic is emerging as one of the most consequential companies in the artificial intelligence industry, with reports indicating that the Claude developer could seek...
Coinbase CEO Brian Armstrong Calls on Senate to Pass CLARITY Act as U.S. Remains...
Coinbase CEO Brian Armstrong has renewed calls for the U.S. Senate to pass the CLARITY Act, arguing that the United States risks falling behind...
Alibaba Launches $10.2 Billion Share Sale to Fund AI Expansion
Alibaba is raising HK$80 billion ($10.2 billion) through a share placement to accelerate investment in artificial intelligence, giving the Chinese technology giant one of...