Fidelity

One of the highest-valued private companies could soon do an IPO if hints from the company’s CEO turn out to be true. What Happened: SpaceX CEO Elon Musk, who is also the CEO of Tesla Inc (NASDAQ: TSLA) got Twitter Inc (NYSE: TWTR) users excited when he replied to a Sept. 3 post about wanting...

The annual Forbes 400 list highlights the people in the United States who have a net worth of $2.9 billion or more. The 40th annual list showed a range of ages 29 to 95 in 2021. Here is a look at the oldest and youngest people on the list and what makes their fortunes. The Forbes 400 List: The...

Financial services giant Fidelity made a case for the approval of a Bitcoin (CRYPTO: BTC) exchange-traded fund in a private meeting with the SEC, according to a Bloomberg report.  What Happened: On Sept. 8, Fidelity Digital Assets president Tom Jessop and six of the firm...

Guros, a fintech in Mexico that’s transforming the insurance experience, formally announced the closure of a $5.8 million investment round. As part of the development, Benzinga spoke with Guros cofounder and CEO Juanma Gironella. About: “It kind of feels like insurance ends right...

A pre-production lithium battery supplier with key automotive investors announced a SPAC merger Tuesday. The SPAC Deal: SES is merging with Ivanhoe Capital Acquisition Corp (NYSE: IVAN) in a deal valuing the company at a pro forma equity value of $3.6 billion. The SPAC merger will create the first...

What Happened: Fidelity Digital Assets plans to increase its staff by 100 workers, roughly a 70% increase from current numbers, according to Bloomberg. This is in hopes of expanding Fidelity's cryptocurrency services to keep up with increasing demand from institutional investors. Why This...

A leading digital currency company that created the USD Coin announced a SPAC merger Thursday morning. The SPAC Deal: Circle announced a SPAC merger with Concord Acquisition Corp (NYSE: CND) valuing the company at $4.5 billion. A PIPE of $415 million is included as part of the SPAC merger and...

What Happened: The world’s largest interdealer broker TP ICAP Group PLC (LON: TCAP), plans to launch a digital asset exchange after partnering with Standard Chartered PLC (LON: STAN) and Fidelity Investments. According to a report from Reuters, the platform will allow...

Mirion Technologies, a leader in the radiation hardware, software and alignment for hospitals, urgent care clinics, dental offices, veterinary offices and nuclear power plants, announced a SPAC merger Thursday. The SPAC Deal: Mirion Technologies is going public with GS Acquisition...

What Happened: According to recent SEC filings, Fidelity Investments’ Wise Origin Bitcoin Index Fund I, LP, has raised $102 million from affluent investors over the past nine months. The fund is a passively-managed investment vehicle that is managed by Chief Strategist Peter Jubber and...

After rolling out a pilot verison in the middle of 2020, Fidelity is launching a Youth Account. It's “the account where teens 13 to 17 can learn to spend, save and invest,” according to Fidelity.  Fidelity said it's further democratizing investing, as the new...