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Saylor’s Bitcoin Machine Is Misfiring on Every Cylinder
Michael Saylor built Strategy Inc. around a straightforward idea: raise money to buy Bitcoin, then never sell it. Over time, that simple bet has turned far more complicated. After years of raising money to buy more Bitcoin, Strategy now has three investor groups to...
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OPTrust Goes to Court to Recoup $80 Million From Westbank Tower
Ontario Public Service Employees’ Union Pension Plan put a new residential tower in Vancouver in receivership to recoup C$109 million ($80 million) from developer Westbank Holdings Ltd. It’s a fresh sign of distress in the once-effervescent Canadian real estate...
Goldman Sachs Private Credit Fund’s Share of Bad Loans Rises
A publicly-traded private credit fund managed by Goldman Sachs Group Inc. put two additional companies on non-accrual status in the first quarter, as the industry grapples with mounting concerns over exposure to businesses vulnerable to AI-driven disruption....
US Consumer Sentiment Falls to Record Low on Inflation Angst
US consumer sentiment fell in recent weeks to a fresh record low on concerns about the impact of inflation on personal finances and buying conditions. The preliminary May sentiment index decreased to 48.2 from 49.8 in April, according to the University of Michigan....
BlackRock South Korea ETF Sees Record Exodus as AI Stocks Soar
Investors pulled cash out of a BlackRock exchange-traded fund tracking South Korean equities at the fastest pace on record on Wednesday amid a broad-based rally that has taken the nation’s stock index to all-time highs. The $23 billion iShares MSCI South Korea ETF,...
UK Bond Rout Sends 30-Year Yield to Highest Since ‘98
UK long-term borrowing costs jumped to a 28-year high as worries intensified over local government elections and the impact of soaring energy prices on the economy. The yield on 30-year gilts surged as much as 13 basis points to 5.78%, the highest since 1998. The...
Surveillance Firm Hawkeye 360 Said to Raise $416 Million in IPO
Hawkeye 360 Inc., a provider of satellite-based signals intelligence for US government agencies, is raising $416 million in a US initial public offering priced at the top of a marketed range, according to people familiar with the matter. The Herndon, Virginia-based...
Stocks Rise to Record and Oil Falls as Truce Holds: Markets Wrap
Relative calm returned to global markets, with stocks rising and oil falling as signs that a US-Iran ceasefire is still in place reduced fears about a full-scale war that could hamper the economic outlook. The bounce in equities drove the S&P 500 to all-time highs...
Oil Holds Gain as Iran, US Exchange Fire in Middle East Flareup
Oil held the bulk of a sharp gain after fighting flared in the Middle East, with the US and Iran exchanging fire, renewed attacks on energy infrastructure, and vessels hit near the Strait of Hormuz. Brent traded near $114 a barrel, after surging 5.8% on Monday, while...
AI’s Hottest Private Companies Have Booming Crypto Shadow Market
The race to sell retail investors a piece of the AI boom has gone mainstream — closed-end funds, interval funds, special-purpose vehicles. Now, crypto platforms are offering trades tied to the most valuable private AI companies on earth — ones ordinary investors have...
Pretium’s Mullen Says Capital for Rental Homes Is ‘Drying Up’
Legislation that would ban large corporate landlords from acquiring more single-family rental homes is depriving the US housing market of much-needed investment, Pretium founder Don Mullen said in an interview with Bloomberg Television. The ban was included in a...
