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Dealmakers’ post-election optimism has fizzled amid Trump-induced economic uncertainty. Are deals dead or just delayed? Inthe days after Donald Trump sealed his return to the presidency last November, Wall Street celebrated the prospect of lower taxes, looser regulation and less fervent antitrust enforcement—all setting the stage for a quick resurgence of merger and acquisition deals. Certainly conditions seemed ripe for an M&A boom. The number of deals had been declining since 2021, partly because of the perceived anti-merger views of President Joe Biden’s regulators, but even more so because of the Federal Reserve’s campaign, beginning in March 2022, to quash…

Shares of GameStop (GME), the embattled video game retailer turned memestock darling, plunged 25% on Thursday, more than erasing all the gains since the company earlier this week announced it will add bitcoin (BTC) as a treasury reserve asset. GME fell to just above $21 during the session, trading at its lowest price since October and down over 28% from its Wednesday peak of nearly $30. The price action happened after the company unveiled plans late Wednesday for a $1.3 billion, 0% convertible note offering to raise money for its BTC acquisition plan. After an initial wave of euphoria among…

FAISALABAD: Lahore Blues beat Peshawar by nine wickets in the final to clinch the National T20 Cup title here at the Iqbal Stadium on Thursday, thanks to a Salman Mirza’s four-wicket haul and Umer Siddique’s half century. Chasing a modest target of 111 runs, Lahore made light work of the challenge, completing the chase in just 16 overs. Batting first, Peshawar innings never gained any momentum, despite a few bright moments from their top order. The innings was dominated by a steady procession of wickets, with only Mohammad Zulkifal (32 off 29, four fours and six) and Iftikhar Ahmed (34…

Hong Kong CNN  —  Chinese leader Xi Jinping held court with dozens of the world’s top executives on Friday, as he sought to bolster foreign investment during an escalating trade war with the United States. The meeting, in which Xi reassured global investors about the country’s economic prospects to arrest a slide in foreign investment, comes just days before US President Donald Trump is due to announce a mega batch of tariffs targeting America’s many trading partners. Touting China as a “fertile ground for foreign enterprises to invest and thrive,” Xi made his pitch to over 40 executives including FedEx…

GameStop shares sunk Thursday after its plan to sell debt in an effort to fund purchases of bitcoin raised some questions on Wall Street. The video game retailer announced a private offering of $1.3 billion in debt. The company said earlier this week that it plans to purchase bitcoin as a reserve asset. It will use proceeds from this debt offering to buy the cryptocurrency. The stock slumped 22.1%, marking a sharp reversal from Tuesday’s 11.7% gain. Trading in GameStop’s stock, which is often included with other so-called “meme” stocks, can be volatile. The debt offering comes at a big…

LAHORE: Former hockey Olympians Manzoor-ul-Hasan Senior and Tauqir Dar have called on the Pakistan Hockey Federation (PHF) to take immediate steps to secure the national team’s participation in the upcoming Azlan Shah Cup, set to begin in Ipoh, Malaysia on November 22. Speaking to Dawn, Manzoor-ul-Hasan expres­sed uncertainty about whether the Malaysian Hockey Federation (MHF) failed to extend an invitation or if the PHF chose not to accept it. However, he emphasised that the tournament presented a unique opportunity for the PHF to field a team, particularly by incorporating young players to gain valuable practice ahead of the World Junior…

MicroStrategy’s CEO Michael Saylor stirred conversation at the DC Blockchain Summit as he declared Bitcoin “the Manifest Destiny for the United States of America” in a sit-down with Senator Cynthia Lummis. On March 27, Lummis in a conversation with Michael Saylor stated the need for a Bitcoin strategic Reserve saying, “We have a strategic oil reserve, we have a strategic gold reserve, we have a strategic cheese reserve. Bitcoin is digital gold.” Lummis also said during her discussion, “We were able to convert [mineral wealth] into cash and put it in a fully diversified asset allocation that continues to produce…

When Russia invaded Ukraine in 2022, it didn’t just unleash war — it froze the financial system. Foreign currency transactions were banned under martial law, and getting critical supplies to the front became nearly impossible. “My teammates on the front lines needed real supplies, but the financial system was down,” said Sergii Vasylchuk, CEO of Everstake, speaking to TheStreet Roundtable. That’s when crypto stepped in. One of the biggest advantages of crypto is that you don’t have to wait the usual three to four business days traditional banks take to process transactions. Even on slower networks such as Bitcoin, the…

As U.S. President Donald Trump’s latest announcement of 25% auto tariffs led to renewed tension in the global markets, investors flocked to gold. It didn’t take long for the bullion to hit another record high as its price hit an all-time high (ATH) of $3,059.30 on March 27. The precious metal has hit 17 record ATHs in 2025 so far. In contrast, Bitcoin, often dubbed the “digital gold” by crypto enthusiasts, has been rangebound in the $84,000-$88,000 price range for the past seven days. Despite traders’ expectations, BTC has failed to break out from the range. As per Kraken’s price…

PARQUE DAS NACOES, LISBON, PORTUGAL – 2024/11/13: Michael Intrator, Co-founder & CEO of CoreWeave, … More addresses the audience during the second day of the Web Summit 2024 in Lisbon. Web Summit is an annual technology conference featuring high profile individuals. The event was founded in 2009 by Irish entrepreneur Paddy Cosgrave, alongside David Kelly, and Daire Hickey, Web Summit was originally held in Dublin, Ireland. It moved to Lisbon in 2016. (Photo by Bruno de Carvalho/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images By my count, there have been zero initial public offerings related to generative artificial intelligence.…