A billionaire Chinese trader who made his name riding gold’s record-breaking rally has turned his sights to silver’s breakneck surge, with a bet on the metal’s collapse now worth almost $300 million. Bian Ximing, who avoids the limelight and spends…
The UBS Preview Club in Union Square is a red leather couch-mahogany wood place, and as good a spot as any to inhale coffee at 9 AM. Since moving back to New York, I’ve resolved to cover private equity more…
The price of gold has gone up 85.56% in the past 12 months—it currently sits at over $5,100 on the Comex continuous contract—so if you bought some a year ago, you are probably pretty happy. But if you are a…
Hongkong Land has launched Singapore’s largest private retail fund, as the 137-year-old property developer embarks on a strategic pivot towards fund management and commercial properties under CEO Michael Smith. The Singapore Central Private Real Estate Fund (SCPREF) will focus on…
Lawhive, a British startup that wants to use AI to transform the business model of law firms that perform routine legal work for individuals and small businesses, has raised $60 million in new venture capital funding to accelerate its expansion…
Nevada Assemblymember Howard Watts said in an interview that the legislative committee he chairs will “absolutely” look into pursuing an independent audit into who was responsible for altering a key public record after a Nevada OSHA inspection of Elon Musk-owned…
Meta has quietly purchased roughly 1,400 acres—an area almost twice the size of Manhattan’s Central Park—adjacent to its already-mammoth 2,250-acre Hyperion AI data center site in Richland Parish, La., Fortune has learned. The combined land parcels for the campus will…
Pinterest fired two employees who created a tool for tracking the company’s layoffs in a move that highlights how power has largely shifted from employees back to employers in corporate America. Pinterest last week announced it would lay off less…
Despite industry forecasts for a blockbuster resurgence in initial public offerings in the coming year, NYU Stern marketing professor and tech analyst Scott Galloway has issued a contrarian warning about the crown jewel of the AI boom. Speaking on a…
Operation Dirtbag in Florida. Operation Catahoula Crunch, also known as Swamp Sweep, in Louisiana. Operation Catch of the Day in Maine. The Department of Homeland Security’s approach to naming immigrant enforcement operations, accompanied by a punchy, at times mocking tone in its official statements, elicits polarizing opinions:…