Private equity firms are increasingly offering sweeteners such as fee discounts to secure backing from deep-pocketed investors, in a sign that the industry is facing its toughest-ever fundraising environment. Blue-chip firms including CVC Capital Partners, Ardian, TPG and Cinven have all in recent months offered investors either a discount on management fees or other incentives
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Berkshire Hathaway’s cash and investments in short-term Treasuries surged to $147bn at the end of the second quarter, underscoring Warren Buffett’s faith in the backbone of global financial markets despite the rocky political climate in Washington. The sprawling conglomerate — which owns the BNSF railroad and Geico insurer — increased the holdings by nearly $17bn
The US and China are opening new lines of communication to tackle contentious issues, in one of the first signs of progress towards stabilising relations since secretary of state Antony Blinken visited Beijing in June. According to three people familiar with the situation, Washington and Beijing will create two working groups to focus on Asia-Pacific
Dangerous stuff — Frackers can use dangerous chemicals without disclosure due to Halliburton loophole Facking industry exempt from disclosure of 28 chemicals regulated by federal law. John Hurdle, Inside Climate News – Aug 4, 2023 1:45 pm UTC A fracking rig targets the Marcellus Shale.Wikimedia Commons reader comments 8 with For almost 20 years, US
South Korean Fintech CompanyU Fintech Hub Incannounced today that it has successfully raised $4 million in a recent capital funding round led by Forest Partners. What Happened?With this current funding round, U Fintech Hub has raised approximately $10 million in capital. U Fintech Hub operates the global remittance platform "Utransfer," specializing in B2B and C2C
Co-ownership — Trans-Atlantic joint venture aims to build new international space station Airbus replaces Lockheed Martin as habitat builder for the planned Starlab space station. Stephen Clark – Aug 4, 2023 12:00 am UTC Enlarge / Artist’s illustration of the planned Starlab space station.Voyager Space reader comments 76 with Voyager Space, one of several US
The trial in Dominion v. Fox News, which has already resulted in bombshell revelations about the right-wing media giant and the 2020 election, is scheduled to begin Tuesday. Unless a settlement is reached, a jury will determine whether Fox is financially liable for broadcasting and promoting false claims about Dominion Voting Systems voting machines rigging
Affirm Holdings, IncAFRM stock is trading lower afterPiper Sandleranalyst Kevin J. Barker downgraded the stock from Neutral to Underweight with aprice target of $11.00. Barker expects persistently higher rates to pressure operating margins as AFRM needs to hold more loans on the balance sheet. In addition, he expects tighter underwriting standards, increased pricing, and the
So far, 2023 has been a tough year for crypto, with a persistent down market and regulatory uncertainty that will likely send many blockchain ventures overseas for more favorable conditions. Yet the potential of blockchain to improve life for everyone remains with an increasing number of projects with practical use cases. A recent survey by
Share Tweet By Billy Hallowell Editor August 1, 2023 Grammy-winning singer Tori Kelly has reportedly been released from Cedars-Sinai Medical Center in Los Angeles, California, after battling blood clots around her lungs and legs. Entertainment news site TMZ reported the 30-year-old singer was discharged Monday, with sources telling the outlet she’s purportedly “on the road
US employers posted fewer jobs in June, a sign that thered-hot demand for workersthat has been a key feature of the post-pandemic economy is cooling a bit. Job openings dropped to 9.6 million in June, the Labor Department said Tuesday, down slightly from the previous month but much lower than the 10.3 million in April
developers developers developers — Hosting Ars, part three: CI/CD, or how I learned to stop worrying and love DevOps This time we discuss how we manage, update, and deploy the code that makes Ars work. Jason Marlin & Lee Hutchinson – Aug 2, 2023 1:00 pm UTC Enlarge / DevOps, DevOps, DevOps! ArtemisDiana / Getty
Crypto exchange Coinbase Global IncCOIN announcedon Wednesday the integration of a new messaging feature into its Wallet, aiming to enhance user interaction within the crypto community. To provide a seamless and secure user experience, Coinbase Wallet partnered with XMTP, an open protocol and network for secure Web3 messaging. The company stated thedevelopment was part of
China's regulatory authorities have allowed for the integration of Visa and Mastercard with two predominant mobile payment platforms, Alipay and WeChat Pay, to ease financial transactions for foreign visitors. These integrations come amidst a surge in Visa's stock prices, which has seen an over 14% increase this year and could potentially surpass its previous record.
Mastercard's stock price has reached unprecedented heights, surpassing its previous all-time high and breaking through the $400 psychological barrier. Since its public trading debut in May 2006, Mastercard's stock has seen a consistently bullish trajectory, climbing over 9000%. Mastercard Inc MA stock price advances to record-breaking levels, surpassing its previous all-time high. After a two-year
speaking the forbidden things — Researchers figure out how to make AI misbehave, serve up prohibited content Adversarial attack involves using text strings and may be unstoppable. Will Knight, wired.com – Aug 2, 2023 1:22 pm UTC EnlargeMirageC/Getty Images reader comments 25 with ChatGPT and its artificially intelligent siblings have been tweaked over and over
Get ready for a revolution. Crypto is on the verge of transforming finance, just like the internet revolutionized information. Theres a lot of good thats bound to come to the world once we break the walled gardens of finance, said Jason Yanowitz, the co-founder at Blockworks, the media brand thats driving forward the most important
Rocket agnostic — End of the line for Russia and Ukraines partnership in rocketry Northrop Grumman just can’t seem to settle on a rocket for its Cygnus supply ships. Stephen Clark – Jul 31, 2023 10:31 pm UTC Enlarge / Northrop Grumman’s Antares rocket rolls out of its hangar at Wallops Island, Virginia. Its two
Share Tweet By Tr Goins-Phillips Editor August 1, 2023 When it comes to transgender thought, even famed atheist Richard Dawkins has questions. The evolutionary biologist said on a recent episode of his podcast, “The Poetry of Reality,” that it’s “distinctly weird” and an “odd distortion of reality” to believe there are more than two sexes.
South Korean Fintech CompanyU Fintech Hub Incannounced today that it has successfully raised $4 million in a recent capital funding round led by Forest Partners. What Happened?With this current funding round, U Fintech Hub has raised approximately $10 million in capital. U Fintech Hub operates the global remittance platform "Utransfer," specializing in B2B and C2C