Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset. Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities…
Barings LLC has raised $950 million for a new private-equity and infrastructure fund, underscoring growing investor appetite for mid-market and niche strategies amid a turbulent global investment environment. The Charlotte-based investment manager, which oversees $442 billion in assets, said the…
Qatar, a nation roughly the size of Connecticut with a population smaller than Brooklyn’s, has leveraged its immense natural gas wealth to secure outsize influence in Washington and across the American academic and defense establishment. Over the past two decades,…
Democrats are sounding the alarm and demanding answers on potential conflicts of interest in the Trump family’s business dealings with a pardon-seeking former cryptocurrency CEO. Trump’s trip to the Middle East has highlighted the various foreign investments Trump and his family…
In March, after a steep decline in Tesla’s share price, Elon Musk told employees, “Hang on to your stock.” The chair of Tesla’s board, Robyn Denholm, has not heeded his advice. Ms. Denholm has made $198 million in the past…
For weeks, wealthy individuals have been scooping up the Trump family’s cryptocurrency in hopes of amassing enough to qualify for one of 220 seats at a dinner with President Donald Trump himself. In the words of Trump’s own website: “The…
SYDNEY — Macquarie Group Ltd. is hitting pause on major divestments from its renewable energy portfolio as global market volatility continues to cloud valuations and temper investor appetite. The Australian financial giant, one of the world’s largest infrastructure investors, signaled…
NEW YORK — A new player has entered the alternative investment scene. Renown Capital Partners, a freshly launched private equity firm spun out of hedge fund heavyweight Moore Capital Management, is aiming to raise $500 million for its debut fund,…
TaskUs, Inc. (NASDAQ: TASK), a global provider of outsourced digital services and customer experience support, announced Monday that it will be taken private in an all-cash transaction led by its co-founders and an affiliate of private equity giant Blackstone. The…
A Standard Chartered analyst who predicted bitcoin hitting $120,000 by the second quarter now says his price call is “too low.” “I apologise that my USD120k Q2 target may be too low,” Geoffrey Kendrick, head of digital assets at Standard Chartered, said in a…
The NewYorkBudgets is an independently operated digital news outlet focused on business, finance, and wealth rejuvenation. This platform is currently run as a sole proprietorship and is not yet registered as a formal company. All content is authored and published by independent journalists, with a commitment to honest reporting and reader-first journalism. Revenue may be generated through advertising and reader-supported contributions. A formal business registration will follow as the platform grows.
The New York Budgets is an independently operated digital news outlet focused on business, finance, and wealth rejuvenation. This platform is currently run as a sole proprietorship and is not yet registered as a formal company. All content is authored and published by independent journalists, with a commitment to honest reporting and reader-first journalism. Revenue may be generated through advertising and reader-supported contributions. A formal business registration will follow as the platform grows.
