Investing and Transactions

Private equity giant Blackstone Group Inc. has agreed to buy Allstate Life Insurance Co. from Allstate Corp. for $2.8 billion, the latest in a slew of deals between financial firms and life insurance businesses.

The bank will withhold $174 million in compensation from current & former execs

Short-seller Andrew Left does not usually smoke. But on Monday he had a cigarette to calm his nerves as shares of GameStop Corp, the stock he had shorted, continued to rocket higher.

Early bitcoin investor Nikki Beesetti explains how a single transaction paid off in a big way.

Shares of GM have hit five records so far this year.

Goldman Sachs Group reported strong fourth-quarter results bolstered by record revenue from deal making and the best trading environment in a decade.

The Covid crisis both accelerated demands for changes to the economic system and demonstrated that governments can spend freely to help those in trouble when they wish.

The mayor of Miami wants to make his city more appealing to the tech industry by embracing bitcoin.

Euro Pacific Capital chief economist and strategist Peter Schiff suggested cryptocurrency investors are “fools” Monday after bitcoin took a major dip in the market after reaching record-breaking highs against the dollar.

A New York City bar owner has put his two Manhattan establishments up for sale for the asking price of 25 bitcoins, telling FOX Business Network Monday that he believes the cryptocurrency is “here to stay.”

Judge Amit Mehta in Washington said he learned that some mutual funds held by him and his wife contain Alphabet stock and directed their sale

While the investment total is up 14% from 2019, the number of deals is down 9% to 6,022

Renewed interest in the proposal comes as the state deals with a massive coronavirus-related budget deficit.

Business leaders from Wall Street to Silicon Valley joined trade groups across the nation in calling for an end to the protests and violence on Capitol Hill.

The exact details and value of the new bid couldn’t be learned, but it is above the £12.85—or $17.56 at current exchange rates—a share that MGM had offered late last year, sources said.

The price of the world’s most popular cryptocurrency traded as high as $31,824 early Saturday, with almost all other markets closed over the first weekend in 2021.

Billionaire hedge fund founder Ray Dalio is speaking out about his “journey and reflections” following the tragic sudden death of his adult son, Devon.

The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military.

A Long Island jewelry wholesaler has pleaded guilty to charges in connection with allegations he defrauded at least 80 investors, including police officers and firefighters, as part of a $200 million Ponzi scheme.

For little-known hedge-fund manager Jim Davis, 2020 is a career-defining year.