The Business & Technology Network
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Billionaire Citadel CEO Ken Griffin just poured a massive amount of money into big bets on the future of technology and artificial intelligence. For starters, Citadel’s latest 13F filing shows Griffin ramped up stakes in six Magnificent Seven stocks during Q3 2025, adding over $4.2 billion in value based on September 30th closing prices. He doubled Citadel’s Microsoft (MSFT) position with 1.99...
Three members of the Brazil, Russia, India, China and South Africa (BRICS) economic bloc dumped US debt worth billions of dollars in the most recent reported period, according to the U.S. Treasury Department. The latest data from the Treasury International Capital System shows Brazil, China and India collectively dumped US treasuries valued at $28.8 billion in October. India led the pack,...
A US city is preparing to hand out a pile of cash in a new guaranteed income program for disadvantaged residents. The New York City Council says it is allocating $1.5 million in the 2026 budget for a guaranteed income initiative known as the “Cash with Care” program, targeting residents facing housing insecurity. “The goal of the guaranteed income program is to support young people along their...
A US healthcare firm has agreed to pay out millions of dollars to settle a class action lawsuit filed over a data breach. According to the settlement administrator’s portal, Alabama Cardiology Group will pay $2.225 million to settle the lawsuit accusing it of negligence in the handling of patients’ data. Under the settlement, individuals who provide documentation proving they suffered out-of-...
The U.S. Department of Justice says a bank manager drained hundreds of thousands of dollars in cash from an American lender. The DOJ says a jury has convicted 35-year-old Arizona resident Brooke McDonough of one count of embezzlement by a bank employee, six counts of transactional money laundering and five counts of structuring transactions to evade reporting requirements. McDonough served as a...
A widely followed crypto analyst believes that Bitcoin (BTC) is printing a similar 2020 bullish pattern. In a new thread, pseudonymous crypto trader Kaleo tells his 728,400 followers on X that Bitcoin may increase by more than 60% its current value next year. “I still believe the market is in a similar place to where it was in the fall of 2020. In both scenarios, BTC lost a key support line it...
Billionaire Stanley Druckenmiller is pouring millions of dollars into a growth stock listed as a “buy” by some of America’s biggest banks and investment firms. A new 13F filing from Druckenmiller’s Duquesne Family Office reveals the firm bought 4,619 shares of MercadoLibre (MELI) in Q3 2025. The purchase amounts to about $11.09 million and continues a buying spree that began in Q2 2024 amounting...
The central bank of Russia is gearing up to enable both qualified and retail investors to purchase crypto assets. In a statement, the Bank of Russia says it has prepared a framework for regulating cryptocurrency.  The move will greenlight the trading of digital currencies and stablecoins but still prohibit using these assets to pay within the country. “The Bank of Russia still considers...
The founder and CEO of investment firm Professional Capital Management says titans from different segments of the financial world are pushing to create the “everything exchange.” In a new interview with CNBC, Anthony Pompliano says that the US-based crypto exchange Coinbase wants to offer services beyond digital assets.  “One of the things that’s really interesting is they’re going after this ‘...
The CEO of the digital asset treasury company Strategy (MSTR) remains optimistic despite the firm’s massive losses after Bitcoin (BTC) plunged below $87,000. Strategy invests heavily in BTC and is currently the world’s largest corporate holder of the crypto king. The company’s shares dropped by 8.5% amid the dip in the crypto market. In a new interview, Phong Le explains why he thinks Bitcoin...