Author: Editor-In-Chief
A Kalsi billboard displays predictions for the New York City mayoral election, Monday, October 27, 2024, in New York City, USA. Michael Nagle | Bloomberg | Getty ImagesKalsi bettors can now buy and sell tokenized versions of their stakes on Solana, the company exclusively told CNBC on Monday. This is the latest sign that the prediction market firm is stepping up efforts to court the same crypto holders who have funneled billions of dollars in digital assets to rival Polymarket.Tokenization refers to creating digital versions of real-world financial assets such as stocks, bonds, and Treasury bills. The resulting tokens can…
Thomas Frank is having a big week as Tottenham Hotspur’s head coach.Spurs, who have already lost three games in a row, face a daunting journey to face Newcastle at St James’ Park on Tuesday before Frank’s former team Brentford travel to north London on Saturday. There is no sign that this will be a job-closing game for Frank, but a home defeat to Brentford, who are currently ahead of Spurs in the table, could be devastating for him personally. At a time when there is a clear disconnect between fans and players, Frank cannot afford to lose another league game…
OpenAI has taken ownership of Thrive Holdings, whose parent company is Thrive Capital, one of the AI giant’s major investors. Thrive Holdings operates like an AI private equity firm, attracting companies it believes could benefit from the technology in areas such as accounting and IT services. Terms of the deal were not disclosed by either company, but it includes OpenAI bringing employees from its engineering, research and product teams inside Thrive to accelerate AI adoption and drive efficiencies. If these companies are successful, they could increase their stake in OpenAI and receive compensation for their services, according to people familiar…
said David Solomon, CEO of Goldman Sachs.Bloomberg | Bloomberg | Getty Imagesgoldmans sachs announced on Monday that it has agreed to acquire Innovator Capital Management, a provider of defined outcome ETFs, for approximately $2 billion, in the latest deal to strengthen its asset management division.Goldman said the acquisition is expected to close in the second quarter of 2026 and will increase its ETF offering in a fast-growing corner of the investment world.Fixed-outcome ETFs use contracts that include options to mitigate downside risk or provide a targeted return over a set period of time. The innovator had $28 billion in assets…
Amidst the spate of big artificial intelligence deals this year with billions of dollars worth of change, Nvidia’s announcement Monday of a $2 billion investment to expand its long-standing partnership with Synopsys may seem like just another increment. Nvidia CEO Jensen Huang asserted that this is not the case in an interview with Jim Cramer shortly after the news broke. “This is a big deal,” Jensen said. Here’s why: Synopsys provides software and tools that enable companies like Nvidia to design, test, and validate semiconductors. “NVIDIA was built on a foundation of things like Synopsys design tools,” Jensen said. The…
Top U.S. officials were scheduled to gather at the White House to discuss Venezuela as President Donald Trump’s administration continues to defend its controversial dual attacks on drug smugglers in the Caribbean.The meeting, scheduled for Monday, comes as the U.S. military continues to surge assets to the Caribbean, Reuters reported. This has raised concerns about a possible ground invasion aimed at overthrowing the government of Venezuelan President Nicolás Maduro, despite mixed messages from President Trump in recent days.Recommended stories list of 3 itemsend of listLast week, the US president said ground operations against Venezuelan criminal organizations could begin “soon.” This…
Sheffield Wednesday have been handed a further six point deduction by the English Football League.The latest charges relate to the club’s failure to pay players’ wages in March, May and June this year, as well as other non-payments to staff and HMRC. The Owls received a 12-point deduction on Oct. 24 after filing for administration. The club currently sit at the bottom of the Championship table, with -10 points.Further charges may occur, but there will be no further point penalties and the current “fee cap” will be lifted once a new owner is established. Former owner Deifon Chansiri, who ended…
In her latest book, Girlhood at War, political scientist Vijosa Muryu tells the story of the 1998-99 Kosovo war through the eyes of her 12-year-old self. Muslim describes how, after the end of the war, international organizations quickly provided workshops on reconciliation and peacebuilding to Serbs and Albanians living in Kosovo.The final chapter, “Little Red Riding Hood,” describes one such session she attended as a teenager in 2002. Led by facilitators from Belgium and the UK, the workshop began with the story of Little Red Riding Hood, and participants were asked to reimagine the story from the wolf’s perspective.In the…
Planned data center construction shows no signs of slowing down, with new additions requiring 2.7 times (almost three times) the sector’s current electricity demand over the next 10 years, according to a new report from BloombergNEF. By 2035, data centers will consume 106 gigawatts of power, a significant increase from the 40 gigawatts used today. BloombergNEF said much of that growth will occur in more rural areas as facilities expand in size and land near urban areas becomes scarce. Part of the growth driver is the huge scale of the planned data centers. Today, only 10% of data centers consume…
Check out the companies making headlines before the bell. Synopsys — Synopsys, a developer of design automation models and software, soared 8% after Nvidia invested $2 billion in Synopsys common stock at $414.79 per share as part of a broader strategic alliance. Leggett & Platt — Shares rose 14% after the furniture parts maker received an unsolicited all-stock takeover offer from Somni Group International worth $12 per share. Wynn Resorts — The hotel and casino chain rose nearly 2% after Goldman Sachs added Wynn to its list of confirmed acquisitions. Goldman said the company has a “best-in-class” Las Vegas operation…