Y Combinator’s Sam Altman teams up with Michael Klein to launch SPAC looking to...
Y Combinator’s Sam Altman is joining forces with veteran Wall Street dealmaker Michael Klein to launch a blank-check firm that is seeking to raise up to $1 billion, according...
Take Five: Week of the central banks
1/ TIME TO PUSH BACK?
After a stunning selloff in U.S. Treasuries took benchmark 10-year yields above 1.6%, the highest in a year, the March 16-17...
Dollar at one-week lows after benign inflation data
The dollar languished near one-week lows on Thursday after benign data on U.S. consumer prices and a decline in Treasury yields led some investors to trim bets on a...
Analysis: With $1,400 stimulus checks set to hit bank balances, stocks could benefit
A chunk of President Joe Biden’s coronavirus relief package is poised to end up in the stock market and could provide a boost for GameStop and other stocks embraced...
SoftBank-backed Coupang boosts IPO price, aims for $58 billion valuation
South Korea’s Coupang Inc, which is backed by SoftBank Group Corp, is seeking a valuation of more than $58 billion in its U.S. stock market debut, after the e-commerce...
Global equity funds continue to see money inflows on growth hopes
Global equity funds continued to witness inflows in the week ended March 3, buoyed by hopes of a faster economic recovery from the pandemic, also supported by the recent...
World stocks gain as bond yields steady
Shares from Asia to Europe gained on Wednesday, as a retreat in U.S. Treasury yields fuelled demand for riskier assets from oil to bitcoin and kept the dollar pinned...
Switzerland’s GAM closes fund linked to Greensill Capital
Swiss asset manager GAM Holding is to wind down a fund linked to Softbank-backed financing group Greensill Capital, a day after Credit Suisse closed its funds linked to the...
AstraZeneca sold out of vaccine maker Moderna last year
AstraZeneca sold a stake it held in rival COVID-19 vaccine maker Moderna over the course of last year, the Anglo-Swedish drugmaker’s latest annual report shows.
London-listed...
Bitcoin steams to new record and nears $1 trillion market cap
Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnings that it is an “economic...
