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Blackstone Group Inc has inked a US$1.2 billion deal to purchase the real estate startup Simply Self Storage.Per the Wall Street Journal, the acquisition of Simply Self Storage by the Blackstone Group Inc (NYSE: BX) is from the Canadian firm Brookfield Asset Management Inc (NYSE: BAM) and will form for
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Shanghai-based wealth management company Lufax is looking to raise up to $2.36 billion in its proposed Initial Public Offering for eventual listing on the New York Stock Exchange.Per the report from CNBC, Lufax noted that it would be issuing out 175,000,000 million American Depositary Shares (ADS) and that it would
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According to the researchers at Glassnode, OKEx holds $2.3 billion worth of Bitcoin. The report comes after the
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Tether (USDT) staged an unprecedented run in the last 30 days to a 20% increase in volume to reach the cumulative transaction volume of the stated amount.Tether (USDT) has emerged as one of the most engaging digital currencies recording a cumulative transaction volume of over $600 billion, putting it in
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Morgan Stanley has made a big jump following its previous quarter reports that were marred by the influence of the coronavirus pandemic.Investment banking giant Morgan Stanley (NYSE: MS) has posted a better than expected earnings for its Q3 on Thursday. According to Reuters, the Q3 earning Morgan Stanley reported came
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Stephane Boujnah, CEO and chairman of the managing board of Euronext, has described the deal with LSE as a “significant achievement” in the firm’s strategic plan.London Stock Exchange (LSE), the largest and the primary stock exchange in the United Kingdom, has agreed to sell Borsa Italiana stock exchange to French
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The total Assets under bitFlyer Japan’s custody topples 161.8 Billion Yen or approximately US$1.5 billion far back in August, breaking an almost two-year stalemate.Per Coindesk Japan’s report, bitFlyer Japan’s total assets under custody which is the highest the firm has seen since 2018 was most likely fueled by the company’s
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Ethereum’s highly anticipated 2.0 upgrade is poised to bring the network ever closer to fulfilling its original vision to be a “world computer” that plays host to a parallel, decentralized financial system. At invest: ethereum economy on Oct. 14, we will address the ramifications for investors as decentralized finance takes the
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Federated Hermes chief equity market strategist Phil Orlando considers the election and rising COVID-19 cases as threats to the S&P 500.Economists have lowered their forecast for the fourth quarter, projecting a 4.3% annual economic contraction.Growing uncertainty and nervousness in the markets amidst a declining economy pose major threats to U.S.
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The primary focus for the Nvidia-Arm deal is the fact that an American company is acquiring the globally recognized tech company, hence putting China at the direct hands of Americans.On September 13, 2020, Nvidia Corporation (NASDAQ: NVDA) and SoftBank Group Corporation (OTCMKTS: SFTBY) jointly announced that the former would acquire
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