Tag: FX

More than 30 years have passed since Reginald Lewis made history by becoming the first Black American to own and operate a billion-dollar corporation, after he led the $985 million leveraged buyout of the food conglomerate Beatrice International. His 1987 buyout made headlines on Wall Street and, by 1991, earned the Baltimore native a spot…

Matt Shumer is an investor at Shumer Capital, an early-stage investing vehicle focusing on AI startups. He’s also someone with some experience in tech, as CEO of OthersideAI, an applied-AI software company best known for building the HyperWrite software suite. But now, he’s also, famously, a writer: an essay Shumer posted just days ago has

The U.S. reset the global oil battlefield in January, removing Venezuelan President Nicolas Maduro and unlocking access to 303 billion barrels of oil—the world’s largest proven oil reserves. The move creates a massive profit opportunity up and down the oil food chain that refinery giant Valero is …

Topline Binance holds about 87% of USD1, the stablecoin issued by a Trump family crypto venture—a greater concentration than any other major stablecoin has at a single exchange—underscoring the depth of the financial relationship between Binance, whose founder Trump pardoned in October, and World Liberty Financial, which already has added an estimated $1 billion to

What do humans have that AI can’t replicate? In some ways, this seems like the million-dollar question, especially for a young careerist trying to find a way to make a living, or anyone who cares about general human welfare in a hypercapitalist, hypertechnical world that seems to be changing too slowly, given the leaps and

Topline President Donald Trump on Monday announced the U.S. would lower its 25% tariff on Indian goods after reaching a trade deal with Prime Minister Narendra Modi, who Trump said pledged to stop buying Russian oil and purchase U.S. goods worth hundreds of billions of dollars. Key Facts The U.S. will lower its 25% “reciprocal”

Topline TikTok superstar Khaby Lame’s nearly billion-dollar deal with Rich Sparkle Holdings sent the value of that company and its newest shareholder soaring—hitting $16.3 billion on January 15, with Lame’s stake worth $6.6 billion—but has some experts raising red flags after it crashed within days. Key Facts Hong Kong-based Rich Sparkle Holdings (ANPA) reported to

Gold is “a way of going long on fear,” Warren Buffett said in a 2011 appearance on CNBC’s “Squawk Box.” He added that if people become more afraid, you make money, and if they become less afraid, you lose money, because “the gold itself doesn’t produce anything.” In his 2011 Berkshire Hathaway …

Topline A weakening dollar and global uncertainty have pushed gold and silver to fresh highs on Monday, with the price of gold smashing past $5,100 for the first time while silver surged more than 8% to surpass a record $110. Key Facts The price of gold is about $5,070 as of 8:30 a.m. EST, slightly

Walmart is a retail Goliath by any measure. It operates 10,800 stores worldwide, including 4,606 locations in the United States, does $681 billion in sales annually, including $121.9 billion internationally, owns the Costco Wholesale rival Sam’s Club, and rakes in over an estimated $120 billion per …