November 16, 20240 Comments

Jeff Bezos’ Ex-Wife MacKenzie Scott Sells More Amazon Shares

Jeff Bezos’ Ex-Wife MacKenzie Scott Sells More Amazon Shares Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. MacKenzie Scott, the ex-wife of Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos, has recently sold 11% of her Amazon shares, valued at over $8 billion.  The Details: Scott received approximately 400 million Amazon shares as part of her divorce settlement with Bezos in 2019 and

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November 16, 20240 Comments

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Access to this page has been denied because we believe you are using automation tools to browse the website. This may happen as a result of the following: Javascript is disabled or blocked by an extension (ad blockers for example) Your browser does not support cookies Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading. Reference ID: #3801f5e0-a3fa-11ef-a120-5768e159d9a6

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November 16, 20240 Comments

Startup ServiceTitan Aims to File Next Week for 2024 IPO

(Bloomberg) — Home service software business ServiceTitan Inc. is planning to file as soon as next week for an initial public offering, according to people familiar with the matter. Most Read from Bloomberg The Glendale, California-based company is aiming to go public before the end of the year, the people said. The details and timing of the company’s plans could still change, said the people, who asked not to be

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November 16, 20240 Comments

Bitwise Seeks to Convert $1.3B Crypto Index to ETP

Bitwise Seeks to Convert $1.3B Crypto Index to ETP Bitwise Asset Management has announced that NYSE Arca has filed a Form 19b-4 to uplist the $1.3 billion Bitwise 10 Crypto Index Fund (BITW) as an ETP, joining a growing trend of crypto asset managers seeking to convert investment vehicles into exchange-traded structures. “Bitwise believes that ETPs are among the most efficient, convenient, and useful vehicles for providing crypto exposure,” Bitwise

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November 16, 20240 Comments

Archegos’ Bill Hwang deserves 21 years in prison, US says

By Jonathan Stempel NEW YORK (Reuters) -Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. In a late night court filing, prosecutors from the U.S. Attorney’s office in Manhattan also asked that Hwang be subjected to a $12.35 billion

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November 16, 20240 Comments

The stock market’s Trump honeymoon is turning sour

Brandon Bell/Getty Images; iStock; Rebecca Zisser/BI More than half of the stock market’s post-Trump-election rally has been erased. The turning point came Thursday, when Fed Chair Powell said the central bank will take its time cutting rates. That, plus a streak of strong economic data, has investors questioning whether a December cut is necessary. And just like that, half of the stock market’s euphoric post-Trump-election gain is gone. Major US

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November 16, 20240 Comments

Meta and Palantir Join Forces in Defense Tech Artificial Intelligence (AI). Which Stock Is the Better Buy?

It’s no secret that over the last couple of years investors have become increasingly curious about the prospects artificial intelligence (AI) presents. With that said, I’ve found a lot of the discussion around AI to be largely redundant. Software companies are touting how AI-powered services can yield higher productivity levels in the workplace, while hardware and infrastructure players essentially hold the keys to the AI car through the power of

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