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Private equity firms are reportedly rethinking exit strategies as initial public offerings (IPOs) remain scarce.
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In a report Sunday (June 8) following the industry’s annual European conference, the Financial Times (FT) said private equity (PE) executives were prioritizing other methods for exiting their investments, including breaking up businesses to sell them off in...
Apple is reportedly floundering in its attempt to upgrade its artificial intelligence (AI) voice assistant.
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The tech giant is holding its annual event this week, though investors are pessimistic about the chances of a major AI announcement, the Financial Times (FT) reported Sunday (June 8).
Recently departed employees told FT that Apple has been hit by challenges with...
A string of kidnappings involving cryptocurrency executives has prompted some unique new security measures.
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As CNBC reported Saturday (June 7), among those taking extra precautions is Didi Taihuttu, head of the so-called “Bitcoin Family.” He told the network he overhauled the family’s entire security setup following a string of threats.
According to the report, the...
Walmart is reportedly focusing on new and younger shoppers to offset the impact of tariffs.
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As CNBC reported late Friday (June 8), the retail giant has rolled out a new ad campaign, a clothing brand for tweens, and expanded drone deliveries to woo these consumers at a time when Americans are curbing their spending.
The report coincided with Walmart’s Associates Week...
American consumers likely saw somewhat faster inflation last month, especially for merchandise.
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That’s according to a report Sunday (June 8) by Bloomberg News, citing a survey of economists. That survey projected a 0.3% uptick in the price of goods and services — excluding volatile food and energy costs — in May, the biggest increase in four months.
According to the...
Meta is reportedly weighing a multibillion-dollar investment in artificial intelligence (AI) startup Scale AI.
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The tech giant is in talks with Scale AI about an investment that could exceed $10 billion, Bloomberg News reported Sunday (June 8), citing sources familiar with the matter.
Scale AI, which counts Microsoft and OpenAI among its clients, offers data labeling...
If you thought the future of eCommerce delivery was all about electric vans and AI-powered routing, think again. The sky — quite literally — is the new frontier for last-mile logistics. Drones, once the stuff of sci-fi and military operations, are now delivering everything from chicken sandwiches to prescription drugs, and the global market is soaring. For senior executives across banking and...
Cryptocurrency platform Gemini said Friday (June 6) that it confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) for an initial public offering.
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The company said in a press release that it has not yet determined the number of shares to be offered or the price range for the proposed offering.
“The initial public...
The paydowns earlier this year were temporary. And as the latest consumer credit data from the Federal Reserve on Friday (June 6) indicated, consumers turned to credit as a way to pay for goods and services, in an April rush that indicates they sped up purchases as tariffs took effect that same month.
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The G19 report from the Fed indicated that the aggregate tally of...
Deutsche Bank is reportedly considering expanding its efforts in the digital asset industry as countries adopt regulations for the sector.
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The bank is looking at stablecoins, including issuing its own or joining an industrywide project, and at a tokenized deposit solution that it would develop itself, Bloomberg reported Friday (June 6), citing its interview with Sabih...