• Nasdaq Revenue Soars on Fintech Demand

    Nasdaq reported stronger-than-expected revenue for the first quarter, primarily driven by a surge in demand for its financial technology products. Revenue from its financial technology unit soared 71% to $392 million, while revenue from its…
  • China and Bahrain’s Investcorp Launch $1bn Fund

    China's growing presence in the Middle East continues as the country's sovereign wealth fund partners with Bahrain's Investcorp to launch a $1 billion investment fund. The Investcorp Golden Horizon fund is designed to assist companies…
  • Meta Shares Plummet Despite Strong Q1 Results

    Meta's stock fell over 15% in after-hours trading on Wednesday, as the company's lighter-than-expected second-quarter forecast overshadowed its robust first-quarter earnings. Despite revenue rising by 27% from $28.65 billion in the same period last year…
  • Crypto Fund Outflows Rise

    Investments in digital asset funds have decreased for the second consecutive week, with $206 million in withdrawals from April 15-19, according to data from digital asset investment firm CoinShares. Bitcoin funds were the most affected, with…
  • JPMorgan Appoints New Chair and GM for Its China Securities Arm

    JPMorgan Chase & Co. has appointed Lu Fang as the new chair of its China securities division, replacing former chair Park Pu. This appointment, confirmed by a company spokesperson, follows an internal memo circulated on…