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Kalshi seeks $750 million from Sequoia, Wellington at $40 billion valuation
Kalshi is negotiating a $750 million fundraising round with Sequoia Capital and Wellington Management, which would value the prediction market platform at $40 billion. This funding aims to support its expansion in a gro…
Anthropic aims for $2 trillion valuation in upcoming IPO
Anthropic, the AI company behind the Claude chatbot, is projected to reach a $2 trillion valuation during its IPO, potentially making it one of the largest IPOs ever. This valuation reflects the growing demand for AI te…
Harvey Nichols bought by Sports Direct owner
Luxury department store Harvey Nichols has been bought by the owners of Sports Direct, who warn "significant restructuring" will be needed to ensure the 200-year-old business remains sustainable. Mike Ashley's Frasers …
The U.S. labor force participation rate fell to 62.3% in September 2023, down from 63.4% earlier this year, indicating fewer working-age Americans are employed…
Water companies have been given the green light to increase bills for customers by an extra £3.4bn in coming years to meet increased pressures on infrastructu…
The SEC will not take enforcement action against Franklin Templeton for investing in its tokenized money market fund, allowing traditional financial institutio…
Upstart, an AI-driven credit assessment company, is expected to see its stock double by 2027 following a record increase in loan approvals and revenue growth e…
Andre Cronje, founder of Flying Tulip, claims that traditional decentralized finance (DeFi) has evolved into "onchain finance," compromising its core principle…
Businesses could face costs of up to £2.9bn a year because of a crackdown on zero hours contracts, according to the government's own analysis. Labour's emplo…
Binance bStocks has overtaken Kraken's xStocks to become the second-largest tokenized stock issuer, issuing over $100 million in tokenized stocks within two mo…
A Singapore-flagged container ship crashed into the Hooghly River bank in India due to a steering failure, raising safety concerns in the busy waterways. This …
Brazil's largest bitcoin treasury firm, Hashdex, plans to launch an ETF that will allocate 95% of its assets to Strategy’s STRC, reflecting the country's advan…
Scott Steenbergh has achieved up to 75% returns on his investments in sober-living rental properties, combining his social work experience with real estate to …
European stocks rose 0.2% as easing oil prices and softer U.S. inflation data reduced concerns about interest rate hikes. However, the U.K. economy showed slow…
