In the bustling financial hub of London, a new player has emerged, making waves in the investment world. Ilex Capital Partners, founded by former Citadel traders Jonas Diedrich and Dave Sutton, has swiftly grown to manage an impressive $7 billion. This growth is not just from new investments but als
Oracle's stock took a big hit recently. It dropped the most since January. Why? The company is spending a lot on AI and data centers. This spending is growing fast. But it's not turning into cloud profits as quickly as investors hoped. In the last quarter, Oracle spent about $12 billion on capital
Akron has a fresh new logo. It was shown to the public at the city's 200th birthday celebration. The design process involved many people from the community. They gave their thoughts and ideas. The old logo, called the Rubberworker, is being replaced. This new logo will be used with the city's All-Am
In a shocking turn of events, four unidentified men broke into the Bristol Museum in southwestern England. They made off with over 600 items from the British Empire and Commonwealth collection. This incident took place in the early hours of September 25th. The police are now on the hunt for these su
South Korea is making some big moves to boost its economy. The finance ministry is planning to create a sovereign wealth fund, similar to those in Singapore and Australia, by the first half of next year. This fund will help manage state-owned properties worth a whopping 1, 300 trillion won. The goal
A big change is coming to college sports, and the University of Utah is at the center of it. The school is teaming up with Otro Capital, a private equity firm from New York. This deal could bring in up to $500 million, which is a lot of money for any sports program. The firm will own a small part of
China has taken another step to tighten its grip on digital currencies. This time, the focus is on tokenizing real-world assets. This move comes after years of strict rules on cryptocurrencies. In 2017, China banned initial coin offerings and domestic exchanges. By 2021, the country had completely o
Mauritius, a stunning island in the Indian Ocean, is a dream destination for adventurous travelers. Its white-sand beaches, coral reefs, and waterfalls attract visitors from around the globe. In 2024, the island saw a record number of tourists, with 1. 5 million people exploring its beauty. However,
Nextdoor's stock price shot up by nearly half its value recently. This big jump happened because a well-known hedge fund manager, Eric Jackson, shared his positive views on the company. Jackson, who runs EMJ Capital, thinks Nextdoor is often misunderstood. He argues that Wall Street is undervaluing
Surf, a platform using AI to analyze digital assets, just got a big financial boost. They raised $15 million, with Pantera Capital leading the charge. Coinbase Ventures and DCG also pitched in. This cash is for Surf 2. 0, which will bring fancier models and more data. Surf's tools help exchanges an
