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Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex Capital One said Thursday that it was acquiring payments startup Brex for $5.15 billion, the latest splashy deal undertaken by the bank’s CEO, Richard Fairbank. The firm, which disclosed the deal in its fourth-quarter earnings statement, said the deal is made up of 50% cash and 50% […]
David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division. Goldman said the acquisition, expected to close in the […]
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta said Tuesday that it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to fund and […]
Capital One agreed to pay a $425 million settlement after it faced nationwide litigation accusing it of cheating savings depositors out of higher interest rates by failing to advertise higher-yield accounts, according to a federal court filing. The preliminary settlement, which is pending a judge’s approval, was filed in a notice on Friday in the […]
President Donald Trump vowed to make America “the undisputed Bitcoin superpower and the crypto capital of the world” in remarks to the Blockworks Digital Assets Summit on Thursday. A pre-recorded video address by Trump was played at the summit in New York City. The president said his team was ending former President Joe Biden’s administration’s “regulatory war […]
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed at least four enforcement lawsuits […]
Sopa Images | Lightrocket | Getty Images Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird’s fall from the one of the buzziest biotech firms to one that was on the cusp of running out of money. […]
OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup. “The hundreds of billions of dollars that major companies are now investing into AI […]
