May 5, 2024
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Funds

Shanghai planning US$13.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductors

  • March 29, 2024

The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed

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Loans

SD Dept of Ag and Natural Resources Approves $172 Million in Grants and Loans for Water and Waste Projects |

  • March 29, 2024

{KXLG – South Dakota} Today, the South Dakota Department of Agriculture and Natural Resources (DANR) announced that the Board of Water and Natural Resources had approved $172,554,815 in grants and loans for drinking water, wastewater, stormwater, and solid waste projects in South Dakota.  The $172,554,815 total consists of $20,007,550 in grants and $152,547,265 in low-interest

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Crypto

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

  • March 28, 2024

NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Though he described Bankman-Fried as “extremely smart,” U.S. District Judge

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Why has a £50bn US hedge fund become Scottish Mortgage’s biggest shareholder?
Mortgage

Why has a £50bn US hedge fund become Scottish Mortgage’s biggest shareholder?

  • March 28, 2024

At £12.3bn, the UK’s largest investment company Scottish Mortgage Investment Trust may have been on a rollercoaster over the past few years, with the economic downturn and rally in technology stocks. But following a period of underperformance, the fund has recently drawn the attention of US hedge fund Elliott Advisors, which, it has emerged, took a 5 per cent stake,

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Investment

Amazon Expands Investment in AI Firm Anthropic to $4 Billion

  • March 27, 2024

Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. The new investment joins the initial investment of $1.25 billion that Amazon made in September and completes the commitment the company promised at that time to invest up to $4 billion, according to a Wednesday (March 27) press release.

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Crypto

Sam Bankman-Fried Prison Sentence Shaped by FTX Crypto Fraud

  • March 27, 2024

Sometime between FTX’s collapse and Sam Bankman-Fried’s fraud conviction a year later, a consensus formed about the onetime boy genius of cryptocurrency: His wild, curly hair and beanbag chair naps at the office were largely for show, but his company FTX, which had been used by millions of people to buy and sell digital currencies,

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Property

Key Charpentier/Doudna CRISPR patent upheld by China National Intellectual Property Administration

  • March 26, 2024

RS Genomics Limited, which was formed to provide broad access to the foundational CRISPR/Cas9 intellectual property co-owned by Dr. Emmanuelle Charpentier, today announced its patent CN201380038920.6 was upheld by the China National Intellectual Property Administration (CNIPA) in response to an invalidation challenge. The patent was filed by Dr. Charpentier, together with The Regents of the University of

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Investment

10 Best Tech and Disruptive ETFs

  • March 25, 2024

In this article, we discuss 10 best tech and disruptive ETFs to buy. If you want to skip our discussion on the tech landscape, head over to Investing in Innovation: 5 Best Tech and Disruptive ETFs.  High inflation, rising interest rates, and global uncertainties, resulting in softer consumer spending, reduced product demand, market capitalization declines,

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Funds

New funds target weight loss, Big Tech hype: Roundhill Investments

  • March 23, 2024

A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut

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Crypto

Bitcoin Price Struggles. It’s Had a Very Bad Week—and the Selloff May Not Be Over.

  • March 22, 2024

Bitcoin and other cryptocurrencies were weaker Friday, struggling into the end of a bearish week for digital assets as Bitcoin plunged after notching an all-time high. While analysts and traders remained bullish on the outlook for crypto, there are still warning signs that a correction may not be over. The price of Bitcoin has fallen

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