Andreessen Horowitz partner Marc Andreessen. Justin Sullivan | Getty Images LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced Monday. Andreessen Horowitz, a Silicon Valley venture capital firm that has backed leading tech companies from Airbnb to Coinbase, said it was looking to take…
Billionaire investor Ray Dalio thinks U.S. government bonds are becoming risky as the country falls deeper into its debt crisis. “I think it’s a very risky investment,” Dalio said Monday on CNBC’s ” Squawk on the Street ” when asked about Treasurys. “The risk is not measured in whether you pay back. Their only obligation…
CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said Monday that his bank will disclose markdowns on commercial real estate holdings as the industry grapples with higher interest rates.…
Offices of Illumina, in San Diego, California. Mike Blake | Reuters Check out the companies making headlines in premarket trading. Nasdaq — The exchange operator’s shares dropped 7.7% following the announcement of its deal to buy Adenza, the software firm owned by Thoma Bravo. The deal, valued at around $10.5 billion, would be Nasdaq’s largest…
HSBC UK CEO tells CNBC how the bank bought Silicon Valley Bank’s UK unit. Nurphoto | Nurphoto | Getty Images U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology sector following its eleventh-hour rescue of the U.K. subsidiary of failed Silicon Valley Bank (SVB)…
UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Images Swiss bank UBS released an open letter Monday saying that it had formally completed the takeover of its rival Credit…
Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts, including Jim Cramer and Cathie Wood of Ark Invest, discussed the electric vehicle maker as its stock popped 4%. On Thursday, General Motors CEO Mary Barra and Tesla CEO Elon Musk announced that the two companies struck a deal…
GMC pickup trucks are displayed for sale on a lot at a General Motors dealership in Austin, Texas, Jan. 5, 2023. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Braze — Shares of the consumer engagement platform rallied more than 18%. On Thursday, Braze posted a non-GAAP loss of…
Shopping carts outside a Target store in the Queens borough of New York, US, on Saturday, May 13, 2023. Target Corp. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Tesla, General Motors — Both carmaker stocks were climbing…
Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini | AFP | Getty Images UBS and the Swiss government announced Friday that they had signed a loss protection agreement, which will come into effect once…
