Tencents 60,000% Runup Leads to One of the Biggest VC Payoffs Ever
March 26, 2018

  • Media giant to reduce its stake in Chinese game maker by 2%
  • Sale to reduce valuation gap of share price and Tencent stake

South African media company Naspers Ltd. is cashing in a sliver of one of the greatest venture-capital Continue reading

Inside Wall Street’s $8 Billion VIX Time Bomb
February 13, 2018

It was the hot trade on Wall Street, a seemingly sure thing that lulled everyone from hedge fund managers to small-time investors.

Now newfangled investments linked to volatility in the stock market — until a few years ago, obscure niche Continue reading

Goldman Takes One-Time $5 Billion Hit From New U.S. Tax Law
January 5, 2018

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

About two-thirds of the hit comes from the repatriation tax, while writing down Continue reading

Coal Is Fueling Bitcoins Meteoric Rise
December 18, 2017

Bitcoin has a dirty secret.

The cryptocurrency has wowed markets this year with breakneck gains as investors flocked to an asset that exists only in cyberspace. But the laborious creation of each digital bitcoin by private computer networks has real-world Continue reading