Elon Musk has a lot of money. He also owns a couple of companies that have a lot of money. One of those companies, X, is using some of its money to fund yet another lawsuit. The lawsuit was filed by Chloe Happe against her former employer Block — yes, the Block that was founded … Read more
The fate of the U.N. agency dedicated to Palestinian refugees hangs in the balance as U.S. lawmakers prepare to vote on a batch of spending bills that, if passed, would suspend direct funding to the agency for at least a year. The U.N. agency, known by its shorthand UNRWA, was first established in 1949 to … Read more
(WASHINGTON) — The Pentagon will rush about $300 million in weapons to Ukraine after finding some cost savings in its contracts, even though the military remains deeply overdrawn and needs at least $10 billion to replenish all the weapons it has pulled from its stocks to help Kyiv in its desperate fight against Russia, the … Read more
Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and U.S.-based subsidiary of Byju’s, thereby refuting allegations that the Indian firm used the wealth manager’s services to misappropriate money. In the court filings, Camshaft said … Read more
TOKYO — Japan’s beleaguered prime minister was set to stand before a political ethics committee Thursday at Parliament in a bid to showcase his leadership. Fumio Kishida has fought against plummeting support ratings since his governing party’s corruption scandal rocked the government. The scandal, considered the biggest in decades, centers on political funds raised through … Read more
Students at a San Francisco Bay-area elementary school — where officials hired a for-profit company called “Woke Kindergarten” to train teachers — are continuing to struggle with some of the lowest math and reading scores in the state, according to a report. The school spent $250,000 in federal funds provided by a program meant to … Read more
RAFAH, Gaza Strip — Hamas has begun deploying police forces and making partial salary payments to some of its civil servants in Gaza City in recent days, resurfacing in areas from which Israel had withdrawn the bulk of its troops a month ago, four residents and a senior official in the militant group said Saturday. … Read more
Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading funds made $67 billion in investor profits in 2023, up from the $65 billion … Read more
Last week, my colleague Aria Alamalhodaei wrote an exclusive on defense and space tech venture firm Countdown Capital’s plan to shut down. Jai Malik, the founder of Countdown, said in a letter to his LPs that due to how competitive the industrial tech sector has become, he is no longer confident about smaller venture firms’ ability … Read more
Anthony Scaramucci, founder and CEO of SkyBridge Capital, said Thursday that the U.S. Securities and Exchange Commission’s approval of the first spot bitcoin exchange traded funds should be viewed as a watershed moment for bitcoin. Speaking to CNBC’s Arjun Kharpal in the Swiss ski town of St. Moritz, Scaramucci said his New York-based hedge fund unexpectedly … Read more