• DAO gives $5M to YGG, breaching contract

    DAO gives $5M to YGG, breaching contract

    The Merit Circle DAO has voted to refund Yield Guild Games' investment capital. In the DAO's opinion, YGG did not provide enough value.
  • TRON’s assertions of USDD over-collateralization may contain hidden worms

    TRON’s assertions of USDD over-collateralization may contain hidden worms

    This means that TRON DAO's USDD stablecoin is now collateralized by more than 200%. However, a crypto researcher thinks that the allegations may be overblown.
  • Is Bitcoin a Massive Opportunity or a Massive Bubble?

    Is Bitcoin a Massive Opportunity or a Massive Bubble?

    It is imprudent to allow your emotions and politics dictate your investment choices.
  • George Soros claims he regrets investing in Palantir as stock surges

    George Soros claims he regrets investing in Palantir as stock surges

    George Soros claims he has buyer’s remorse about his investment in Palantir — even though he’s kept his lucrative stake through some of the secretive Silicon Valley firm’s biggest
  • TikTok owner reportedly eyes fundraising valuing it at $180B

    TikTok owner reportedly eyes fundraising valuing it at $180B

    TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion after the investment, according to two people familiar with the matter. The company is
  • Barry Diller’s IAC bets $1 billion on gambling giant MGM Resorts

    Barry Diller’s IAC bets $1 billion on gambling giant MGM Resorts

    IAC, the media conglomerate which operates Dotdash and Vimeo, has taken a 12 percent stake in Las Vegas hotel and casino giant, MGM Resorts, worth approximately $1 billion. IAC chairman and senior executive Barry Diller said his company was attracted to MGM, which owns resorts like The Mirage, The Excalibur and Luxor, for its online …
  • Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …
  • Sports team owners scoring on blank-check company craze

    Sports team owners scoring on blank-check company craze

    The coronavirus crisis is fueling a craze for blank-check companies, and the billionaire owners of pro sports teams are cashing in. On Monday, Buffalo Bills owner Terry Pegula said in a securities filing he’s aiming to raise $300 million by selling shares in East Resources Acquisition Co., a blank-check company that’s looking to scoop up …
  • Carlyle saved from losses by backing out of American Express deal: sources

    Carlyle saved from losses by backing out of American Express deal: sources

    Private equity firm Carlyle Group’s abrupt decision to pull out of a $450 million investment in American Express’ troubled travel agency business could help it save a foundering new investment strategy, The Post has learned. The $195 billion Washington, DC, firm last week said it would be bowing out of plans to buy a 20 …
  • Here’s how to invest in oil — if you want to take a big risk

    Here’s how to invest in oil — if you want to take a big risk

    The oil market may look like a dollar-store clearance rack — but that doesn’t mean investors should buy up barrels like they’re out-of-season Easter candy. Rock-bottom prices have piqued the interest of would-be oil barons who furiously googled tips this week on how to bet on crude. They could usually do that through exchange-traded funds …