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Amazon in talks to become anchor investor in Arm IPO

BLOOMBERG Amazon.com Inc is in talks to join other tech companies as an anchor investor in Arm Ltd’s initial public offering, according to a person familiar with the situation, part of preparations for a deal that could raise as much as $10 billion. Amazon is one of several tech companies that have talked to Arm about backing the offering, which ...

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Alibaba, Tencent’s $66b party starts to fade

BLOOMBERG China’s largest tech companies Alibaba Group Holding Ltd and Tencent Holdings Ltd have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors warn the celebration may be premature. For the first time since 2021, China’s ...

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Bitcoin flashes signals of spike in volatility following historic lull

BLOOMBERG Bitcoin may be closer to bursting out of a period of unusually low volatility if chart patterns and the token’s history are any guide. Some gauges of how much the largest digital asset swings around dropped toward a record low in the past month as Bitcoin hovered around $30,000. The lull coincided with a cooling in the token’s 2023 ...

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