This past week the Chinese city of Guangzhou has been hosting the Canton Fair, the biggest trade show in China. It showcases products manufactured in China.
Block has agreed to a $45 million settlement with 46 U.S. states over allegations that its Cash App failed to adequately protect users from fraud, misleading them about its security features and making it easier for scammers to exploit the platform.
SpaceX's public launch, alongside anticipated IPOs from OpenAI and Anthropic, is projected to generate more value than all US VC-backed exits combined since 2000. This surge is driven by AI's capital-intensive nature and companies staying private longer, pushing financial infrastructure limits.
Goldman Sachs announced Thursday it has secured mandates to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin. The deals include $30 billion in pension assets and $40 billion in Verizon's defined-contribution assets, highlighting a trend of large employers outsourcing investment management.
Nandan Nilekani is stepping down as a general partner at Fundamentum Partnership, the venture capital firm he co-founded. He will remain an anchor investor and advisor for the firm's third fund, which aims to raise $200 million.
A judge approved a $1.5 million penalty for Elon Musk to settle an SEC lawsuit over his handling of his stake in the social network formerly known as Twitter. Judge Sparkle Sooknanan expressed "significant misgivings" but found the settlement met minimum fairness standards.
A judge approved a $1.5 million penalty for Elon Musk to settle an SEC lawsuit over his handling of the Twitter takeover. Despite "significant misgivings," the judge found the settlement fair and reasonable, noting it stemmed from Musk's failure to timely disclose his growing stake in Twitter in 2022.
