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CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty ImagesIt wasn’t supposed to go down like this.The Trump presidency was set to usher in a rush of money to the markets, spurred by a new era of deregulation and lower taxes that would lead high-valued tech companies off the sidelines and onto public exchanges after a four-year lull in initial public offerings.Goldman Sachs CEO David Solomon said in January that he sensed a “more constructive kind of optimism” and that the IPO…
Arthur Hayes, chief executive officer of BitMEX, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. Michael Nagle | Bloomberg | Getty ImagesPresident Donald Trump has granted pardons to three co-founders of the BitMEX global cryptocurrency exchange, CNBC has learned.The co-founders, former BitMEX CEO Arthur Hayes, Benjamin Delo and Samuel Reed, previously pled guilty to one count of violating the Bank Secrecy Act related to failure to maintain anti-money laundering and know-your-customer programs.The trio received criminal sentences of probation and were ordered to pay civil fines totaling $30 million related to a lawsuit by the…
Chinese President Xi Jinping meets with representatives of the international business community at the Great Hall of the People in Beijing, capital of China, March 28, 2025. (Xinhua/Li Xueren)BEIJING, March 28 (Xinhua) — China has been and will remain an ideal, secure, and promising destination for foreign investors, Chinese President Xi Jinping said while meeting with representatives of the international business community in Beijing on Friday.Xi pointed out that the country, which is on a Chinese path to modernization in all respects, has been a major contributor to and anchor of stability for global growth for many years.Committed to the…
Listen to article The Punjab police have arrested the prime suspect in the alleged gang-rape of a woman near the Faisalabad motorway, police said on Friday. The suspect, identified as Ali Sher, was apprehended within hours of the incident, according to police. According to the First Information Report (FIR), the incident occurred on March 25, 2025, in Chak No 62 JB Channan, when armed men intercepted a couple traveling on a motorcycle. A case was registered under robbery and sexual assault charges. The assailants allegedly robbed the victims before sexually assaulting the woman in front of her husband. The police have conducted…
Kyiv to assess US proposal on minerals deal, noting major differences from earlier framework shared in bilateral talks.President Volodymyr Zelenskyy says that a new proposal that would give the United States access to Ukraine’s critical minerals differs significantly from the previous draft proposed by Washington, the Interfax-Ukraine news agency reported. Addressing a press briefing on Friday, Zelenskyy emphasised that the proposal, which was formally submitted to his office, will be compared with earlier plans shared with Deputy Prime Minister Yuliia Svyrydenko in bilateral talks with US officials. “The framework has been changed. Let us study this framework, and then we…
Tesla CEO Elon Musk boards Air Force One with U.S. President Donald Trump (not pictured) as they departs for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | ReutersElon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion.”xAI and X’s futures are intertwined,” Musk, the world’s richest person, wrote in a post on X. “Today, we officially take the step to combine the data, models, compute,…
Carlos Watson, co-founder of Ozy Media, speaks with press after his sentencing hearing at Brooklyn Federal Court on December 16, 2024 in New York City. Michael M. Santiago | Getty ImagesPresident Donald Trump commuted the criminal fraud sentence of Ozy Media founder Carlos Watson on Friday, just as Watson was due to begin serving a 116-month prison term in California for his multi-million-dollar scheme.Trump also commuted the sentence of probation imposed on Ozy Media for its related conviction in the case, according to a source familiar with the situation.Watson was convicted at trial in Brooklyn federal court in last July of…
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.Mike Segar | ReutersCharlie Javice, founder of a startup purchased by JPMorgan Chase in 2021, was convicted in federal court Friday of defrauding the bank by vastly overstating the company’s customer list.The jury decision comes after weeks of testimony in New York over who was to blame for the flameout of a once-promising startup. Frank, founded by Javice in 2016, aimed to…
Listen to article International Monetary Fund (IMF) Director of Communications Julie Kozack said on Friday that Pakistan will receive $1.3 billion in climate financing. Speaking at a press conference, Kozack highlighted that discussions with Pakistan covered both the Extended Fund Facility (EFF) and climate financing, Express News reported. Kozack further mentioned that Pakistan’s 37-month EFF program, approved in September of the previous year, remains in place. Earlier on Wednesday, Prime Minister Shehbaz Sharif confirmed the new $1.3 billion deal with the IMF during a Cabinet meeting in Islamabad. Subject to approval by the IMF board, Pakistan will receive $1.3 billion under a…
The administration of President Donald Trump has made a formal request to Congress to reorganise the United States Agency for International Development (USAID), as the Republican leader faces constitutional challenges over his dismantling of the agency so far. USAID was set up under an act of Congress. But on Friday, Secretary of State Marco Rubio issued a notification signalling that the Trump administration would fold the agency’s independent functions into the Department of State under executive control. “We are reorienting our foreign assistance programs to align directly with what is best for the United States and our citizens,” Rubio said…