Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as early as June 13, just days after U.S. regulators sued Binance and its CEO Changpeng Zhao.
Money managers in China are struggling to lure retail investors, with fundraising by mutual funds in the first five months of the year hitting the lowest in four years and few betting on a near-term rebound, amid diminishing returns and economic challenges.
Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry.
U.S. stocks have defied fears of a recession, a banking crisis and soaring Treasury yields to rise 20% from their October lows - one definition of a bull market.
Lab-grown meat producer Uncommon said on Friday it had raised $30 million from investors including OpenAI chief executive Sam Altman.
Binance.US on Thursday said the company is suspending USD deposits while notifying customers that their banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13.
By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl
Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, said on Thursday it had raised $270 million in a funding round from investors including Nvidia, Oracle and Salesforce Ventures.
British hedge fund manager Crispin Odey said "not a single investor" has approached him to withdraw money since the Financial Times and Tortoise Media published allegations of sexual misconduct.
Asset manager Energy Income Partners LLC, one of the top shareholders in Magellan Midstream Partners , said on Thursday that it intends to vote against pipeline operator ONEOK Inc's deal to buy Magellan.
The U.S. Supreme Court on Thursday handed a major victory to Black voters who challenged a Republican-drawn electoral map in Alabama, finding the state violated a landmark law prohibiting racial discrimination in voting and paving the way for a second congressional district with a Black majority or close to it. Zachary Goelman produced this report.
Former U.S. President Donald Trump faces a new legal challenge - this time from the government he used to lead - with charges for illegally retaining classified documents and other crimes expected to be filed next week in federal court in Miami.