Pimco Fund Walks Away From 20 Hotels With $240 Million of Debt
A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage.
AI Funding Soars to $17.9 Billion While Rest of Tech Slumps
Multibillion-dollar investments in artificial intelligence startups have become almost commonplace in Silicon Valley — with dollars raised for AI companies outpacing funding totals in every other category of tech, and reaching $17.9 billion in the third quarter.
AI Funding Soars to $17.9 Billion While Rest of Tech Slumps
Multibillion-dollar investments in artificial intelligence startups have become almost commonplace in Silicon Valley — with dollars raised for AI companies outpacing funding totals in every other category of tech, and reaching $17.9 billion in the third quarter.
United Air Forecasts Profit Miss on High Fuel Costs, Israeli War
United Airlines Holdings Inc. is projecting a fourth-quarter profit that falls short of analysts’ estimates as the carrier faces pressure from a suspension of flights to Tel Aviv and higher jet fuel costs.
Hundreds Killed at Gaza Hospital as Hamas, Israel Trade Blame
Hundreds of Palestinians were killed in an explosion at a Gaza City hospital on Tuesday, according to officials in the Hamas-controlled territory who said it was the result of an Israeli airstrike. Israel’s army said the hospital was hit in a failed missile attack by Palestinian militants.
Glen Point Trial Reveals Morgan Stanley Tried To Buy Back Option
A week before Glen Point Capital co-founder Neil Phillips allegedly manipulated the foreign exchange markets to trigger a $20 million option, Morgan Stanley offered to buy the option back for $13 million, a witness testified on the first day of the former hedge fund executive’s fraud trial.
Australian LNG Unions Call Off Strikes After Deal With Chevron
Labor unions halted plans to strike at Chevron Corp.’s liquefied natural gas facilities in Australia, ending a dispute that had roiled global markets for the fuel.
Amazon Offered to Settle California Antitrust Suit in 2022
Amazon.com Inc. offered to settle an antitrust investigation by the California attorney general’s office days before the state filed suit accusing the e-commerce giant over policies that allegedly lead to “artificially high prices” for consumers.
Amazon Offered to Settle California Antitrust Suit in 2022
Amazon.com Inc. offered to settle an antitrust investigation by the California attorney general’s office days before the state filed suit accusing the e-commerce giant over policies that allegedly lead to “artificially high prices” for consumers.
FTX Insider Says Work With SBF Left Him in ‘Severe’ Distress
Nishad Singh, the third member of Sam Bankman-Fried’s inner circle to testify against him, detailed a rocky relationship with his former boss that at times left him “humiliated” and, as the company collapsed, suicidal.