Breaking News: Investing
He turned down $1.2 billion from Stripe. Now his company is worth $8 billion
In 2018, Stripe offered to buy fintech company Airwallex for $1.2 billion. They said no. Seven years later, the company is worth $8 billion and serves over 200,000 customers globally. Jack Zhang, co-founder and CEO of Airwallex, helped build one of the world’s fastest-growing fintech companies, now valued at $8 billion and generating more than […]
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Market volatility trap? Why this income-first strategy may ‘leave a lot on the table’
ETF Edge Market volatility trap? Why this income-first strategy may ‘leave a lot on the table’ Published Sat, Feb 21 202611:00 AM EST Blair Bao WATCH LIVE Source
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Illiquid loans, investor demands: Blue Owl’s software lending triggers another quake in private credit
Blue Owl BDC’s CEO Craig Packer speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 19, 2025. Brendan McDermid | Reuters The latest tremor in the private credit world involved a deal that should’ve been reassuring to markets. Blue Owl, a direct […]
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Traders brace for Trump’s new tariff plan, possible Iran attack and Nvidia earnings
Wall Street next week is bracing for President Donald Trump’s new tariff plan following Friday’s Supreme Court ruling, at the same time as traders scan for escalating tensions with Iran and look ahead to Nvidia ‘s latest financial results. Stocks swung between gains and losses on Friday after the high court ruled that Trump wrongfully […]
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The ‘boomcession’: Why Americans feel left behind by a growing economy
Fotostorm | E+ | Getty Images Welcome to the “boomcession.” The term is a portmanteau of the words “boom” and “recession.” It highlights how the average American doesn’t feel like they’re reaping the benefits of an economy that is — on paper — humming along, according to creator Matt Stoller. Economic output and the stock […]
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Berkshire Hathaway trims Apple stake, buys NYTimes stock in Buffett’s last moves as CEO
Key Points The Omaha-based conglomerate disclosed that it pared its position in the iPhone maker by 4.3% to $61.96 billion, per data from InsiderScore. Even with the cut, Apple remains by far Berkshire’s largest equity holding. Source
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Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought
Baupost Group’s Seth Klarman picked up Amazon in the fourth quarter, a bet that has yet to work out for the value investor this year as tech stocks take a hammering. The Boston-based hedge fund manager took a new position in Amazon amounting to $489.7 million, making the online retailer the firm’s second-largest holding, according […]
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How Jenny Johnson beat family‑name ‘bias’ to lead $1.5 trillion asset manager Franklin Templeton
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Shaped by family legacy, grit and a deep sense of responsibility, Jenny Johnson reflects on the pivotal decisions that took her from “the founder’s granddaughter” to the CEO of Franklin Templeton. Source
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Hyatt Chairman Pritzker leaves board over Epstein ties
Thomas Pritzker, executive chairman of Hyatt Hotels Corp., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 2, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. […]
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He quit banking to sell bubble tea — now it’s a global empire that makes over $500 million a year
Martin Berry turned Gong Cha from a small Taiwanese tea franchise into a global bubble tea brand with more than 2,000 stores. Martin Berry, founder and chairman of Gong Cha Global, helped turn a small Taiwanese tea franchise into one of the world’s largest bubble tea chains, now with more than 2,000 locations in 30 countries. Gong […]
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