Bitcoin coming to 401(k) plans through Fidelity digital asset accounts
Business intelligence solutions provider MicroStrategy plans to be the first employer to offer a digital assets account in their retirement plan later this year. Digital asset accounts will be available more broadly to employers mid-year.
Blackstone to buy PS Business Parks in $7.6B take-private deal
Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in the aftermath of the COVID-19 pandemic.
NFL Draft 2022: Ex-lineman's financial advice for rookies, remarks on Cowboys' crypto deal
The glitz and glamour comes with the financial responsibility young men are going to have to deal with when they sign rookie contracts.
Utah smart to reject S&P's imposition of state ESG metrics, now other states need to join them
Standard & Poors' plan to add inherently political "Environmental, Social, and Governance," (ESG) indicators to its S&P Global credit ratings for state and local governments threatens to distort ratings and compel political conformity in the markets.
Goldman Sachs forecasts 35% chance of a recession in next 2 years
The Federal Reserve may inadvertently trigger an economic recession next year as it moves to tame the hottest inflation in four decades, according to Goldman Sachs economists.
Cowboys become first NFL team to enter crypto world
The Dallas Cowboys made a historic move on Wednesday becoming the first NFL team to land a partnership in the world of alternative investments and cryptocurrencies.
NFL legend Michael Irvin gets into crypto world as investor in educational platform
Michael Irvin joined TradeZing as an investor and a board of adviser member last week as the company officially launched at the Bitcoin 2022 Conference.
Buffett's Berkshire Hathaway adds stake in HP; shares jump
Warren Buffett's Berkshire Hathaway revealed on Wednesday that it has purchased nearly 121 million shares of HP Inc.
Top NFL Draft prospect Kayvon Thibodeaux partners with eBay to release new trading card
Former Oregon star edge rusher Kayvon Thibodeaux, one of the top prospects heading into next month’s NFL Draft, unveiled his new trading card and silver round at The MINT Collective in Las Vegas over the weekend, an opportunity he hopes will showcase him as both "a business mogul and as a football player."
Goldman Sachs to acquire automated corporate retirement planning adviser NextCapital Group
The transaction is expected to close in the second half of 2022, subject to regulatory approval and other closing conditions. Financial terms of the deal were not disclosed.
Morgan Stanley to enter ETF market
Morgan Stanley is readying a "first-class ETF platform" to meet ballooning demand.
Russian stock market to resume trading of 33 companies
The Moscow Stock Exchange is slated to resume trading of 33 companies in the benchmark MOEX Index from 9:50 a.m. to 2 p.m. local time on Thursday.
Goldman warns markets too relaxed on Russia-Ukraine war risks
Global markets may be underestimating the downside risks posed to stocks by the ongoing war between Russia and Ukraine, according to Goldman Sachs strategists.
Goldman Sachs makes OTC crypto trade, a first for major Wall Street Bank
Goldman Sachs has executed its first over-the-counter cryptocurrency transaction, marking a significant step towards possible wider adoption among major Wall Street banks.
PayPal, Venmo raise fees on cryptocurrency trades of up to $200
Effective Monday, cryptocurrency trades between $1 and $4.99 will incur a charge of 49 cents, while trades between $5 and $25 will be charged 99 cents, trades between $25 and $75 will be charged $1.99 and trades between $75 and $200 will be charged $2.49.
Warren Buffett's Berkshire Hathaway to buy Alleghany for $11.6B
Warren Buffett’s Berkshire Hathaway is buying insurance company Alleghany Corporation for $11.6 billion, or $848.02 per share in case, the company announced on Monday.
Amazon closes $8.45B MGM acquisition
Amazon has closed its $8.45 billion acquisition of Metro-Goldwyn-Mayer Studios as it looks to boost its streaming service offerings to compete with entertainment rivals Netflix and Disney.
Goldman says Ukraine-Russia war could trigger US economic recession
Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war.
Sycamore and Hudson’s Bay prepare Kohl’s bids
Private-equity firm Sycamore Partners and Canada’s Hudson’s Bay plan to submit takeover bids for Kohl’s Corp. that could value Kohl’s above $9 billion, according to people familiar with the matter.
AMC Entertainment buys stake in gold, silver miner Hycroft
As AMC Entertainment works toward a full recovery from the COVID-19 pandemic, CEO Adam Aron has announced the movie theater chain is making a "bold diversification move" by purchasing a stake in gold and silver miner Hycroft.