Investing

With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major K-pop acts such as Aespa and NCT.

Satya Patel of Homebrew, No. 13 on this year’s Midas Seed list, scouted companies like IPO-bound digital bank Chime and payroll unicorn Gusto long before they made it big.

WiseTech Global, the Australian logistics software company founded by Australian billionaire Richard White, plans to buy cloud computing firm E2open for $2.1 billion.

The all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the man who designed the iPhone.

Mortgages and some cost-of-living expenses are set to ease slightly, after a long-awaited interest rate cut. “At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent,” an RBA statement reads. The RBA decision today was based on moderating Inflation and an uncertain economic outlook. “The Board judged […]

Apple, Tesla and more led an earlier selloff.

Launched in 2017, the restaurant technology platform backed by celebrity chef Marco Pierre White has completed a hefty Series A raise as it eyes a UK expansion. Key Takeaways Big number $18.2 million – that’s how much cash EatClub raised in its Series A. The round was led by Co:Act Capital, a Melbourne-based venture capital […]

In his second term, Donald Trump is still pushing forward with new deals all over the world. No one has more of them than Saudi real estate developer Yousef Al Shelash.

Moody’s was the final major ratings agency that gave the U.S. a triple-A credit rating.

On Forbes’ list of the top-earning athletes, 10 surpassed $101 million. See who ranked at the top, including three NBA stars, an NFL quarterback—and Cristiano Ronaldo.