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According to the Wall Street Journal, U.S. President Donald Trump's advisers are considering plans to disband the Ministry of Education.
According to the Wall Street Journal, Trump plans to visit wildfire-ravaged Los Angeles as early as next week to review the damage and assess reconstruction needs. The exact time of the visit has not yet been determined, but Trump advisers are considering setting it for later next week, after Monday's inauguration. Trump advisers want to ensure that Trump's presence does not interfere with the...
According to a source familiar with the matter, Trump's advisers and officials in his newly formed Department of Government Effectiveness have asked him whether he can abolish the Federal Deposit Insurance Corporation (FDIC).
Two people familiar with the matter told CNN that in recent days, Trump's national security adviser, Mike Waltz, has been weighing several proposals to end the Russia-Ukraine conflict. While the specifics of the strategy are still being worked out, Trump officials are likely to push for an early...
US banks such as Goldman Sachs Group, Morgan Stanley and Bank of America are asking investors to disclose whether they plan to borrow extra to invest in significant risk transfer (SRT) vehicles, as regulators examine whether they pose a threat to financial stability, according to people familiar with the matter. Investors have been asked this question in recent months as the promotion process kicks off. It comes as authorities warn investment firms looking to buy SRT, a type of investment vehicl...
On October 19 local time, according to three people familiar with the matter, the United States is investigating a highly classified intelligence leak about Israel's plan to retaliate against Iran. Previously, an account called "Middle East Observer" posted the top-secret documents on the social platform Telegram ("Telegram") on the 18th, with a mark indicating that the documents can only be viewed by the United States and its allies Australia, Canada, New Zealand and the United Kingdom. One of ...
According to people familiar with the matter, artificial intelligence startup Clay is seeking to raise funds at a valuation of $1.30 billion. Last June, the company completed a $46 million Series B financing at a valuation of $500 million, led by Meritech. Clay supports revenue operations and growth teams to automate lead generation. Its clients include Anthropic, Notion, Vanta, Ramp and Intercom.
BCB Group, a cryptocurrency company, has received an offer from an investor, according to three people familiar with the matter. The offer was initiated by a potential acquirer as the company was exploring a Series B financing round. Another person familiar with the matter said the company was not formally sold and there were no negotiations.
Harris, the Democratic candidate for the U.S. presidential election, will visit key states next week with her vice presidential nominee, two people familiar with the matter said Tuesday, indicating that the selection process for her running mate is coming to an end. The high-stakes decision of who will be Harris' running mate, who became the Democratic frontrunner in the general election after Biden ended his campaign more than a week ago, has been...
Cipher Mining Inc., a bitcoin miner with a market capitalization of about $2.20 billion, is exploring potential sales opportunities after receiving takeover interest, according to people familiar with the matter. Cipher, which has a market capitalization of about $2.20 billion, is looking to boost its computing power through acquisitions.
The Bitcoin and Ethereum trading platform set up by Standard Chartered is about to become operational and will become part of the bank's foreign exchange trading arm, which will operate from London, according to people familiar with the matter. Banks, including Goldman Sachs Group, have been trading cryptocurrency derivatives for years, but strict regulations have prevented them from trading the underlying assets directly. The Basel Committee on Banking Supervision has proposed that banks must a...
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