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Trump acknowledges ‘real problems' at reflecting pool after $14m makeover, blaming ‘vandalism' The GuardianAlgae, peeling blue material, conspiracy theories: Reflecting Pool takes national spotlight CNNTrump tries to blame Reflecting Poll woes on vandalism, without offering substantiation WRALThe blue paint is peeling off the Reflecting Pool The Washington PostTrump claims Reflec
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T. Rowe Price fund manager David Giroux says Big Tech isn't in a bubble, but there's value in healthcare and utilities.
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Australia confirms first case of H5N1 bird flu as virus reaches every continent BBCThousands of baby seals died on two remote sub-Antarctic islands. Scientists now think they know why CNNAustralia vows to rein in any H5N1 birdflu after confirming first case ReutersAustralia Detects H5 Bird Flu as Virus Reaches Every Continent Bloomberg.comWhy Australia's first H5 bird flu case is 'deeply concerning'
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Anti Fund, a venture and growth investment firm co-led by Geoffrey Woo and Jake Paul, has closed its oversubscribed $100m Anti Fund Growth I, a close which pushes the businesses' total assets under management beyond $180m. Growth I has already secured positions in a number of high-profile technology and infrastructure companies, including OpenAI, Anduril, SpaceX, […]
The post Anti Fund closes oversubscribed $100m growth fund appeared first on AltAssets Private Equity News.
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ChangXin Memory Technologies and Alibaba Group Holding have joined a coalition of domestic technology firms to launch a 3.91bn yuan ($577m) private equity fund focused on targeting China's hard tech sectors. According to South China Morning Post, the vehicle, registered last week under the name Changzhi Hanhai Private Investment Fund, is structured to provide patient […]
The post China's chip giants launch $577m deep-tech fund appeared first on AltAssets Private Equity News.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
SEE MORE 10 Electrifying EV Stocks Worth Watching
After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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