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Bridgewater Associates sells stake in big Chinese companies

Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Hedge fund giant Bridgewater Associates divested from U.S.-listed Chinese stocks in the second quarter, signaling a clear pullback from the market amid rising geopolitical strains and weakening … Read more

Ethereum Foundation Sells Into Strength: Will Vitalik Dump on BlackRock?

The Ethereum Foundation (EF) has been selling small amounts of ETH during price rallies, while BlackRock continues to buy. The latest transactions concluded for 2,800 ETH worth $12,7 million. As they have stated, these sales are part of normal treasury management to fund development, research, and events. Vitalik Buterin says the sales help Ethereum Foundation … Read more

SoulCycle cofounder sells Peoplehood to WeightWatchers

In today’s edition: Jane Fraser’s meeting with Trump, some dark horse candidates for Fed chair, and a startup pivot that led it to WeightWatchers. – Peoplehood pivot. Two years ago, SoulCycle cofounders Julie Rice and Elizabeth Cutler launched another business. It was called Peoplehood, and it was billed as a way for people to work … Read more

Japan, in its biggest arms deal since WWII, sells stealth frigates worth $6B to Australia

Australia will upgrade its navy with 11 Mogami-class frigates built by Japan’s Mitsubishi Heavy Industries, Defense Minister Richard Marles said on Tuesday. Billed as Japan’s biggest defense export deal since World War II, Australia will pay $6 billion (10 billion Australian dollars) over the next 10 years to acquire the fleet of stealth frigates. Australia … Read more

Foxconn sells former GM factory to mystery buyer after failing to make EVs

Foxconn has sold the former GM factory it has owned for three years after failing to stand up any meaningful, large-scale electric vehicle production there. The pivot marks the second major failure of Foxconn to deliver on its promises to help revive U.S. manufacturing. The iPhone-maker once promised to build a giant LCD factory in … Read more

Flexport sells former freight unicorn Convoy’s tech two years after buying it

Two years ago, logistics company Flexport bought the assets of Convoy, a former freight tech unicorn that had closed up shop. Now it’s sold that platform and delivered a “massive return on investment for Flexport.” Flexport announced the sale on Monday to DAT Freight & Analytics, but declined to disclose terms. “Over the past 18 … Read more

Lisa Vanderpump Sells Off L.A. Condo After Buying $5M Vegas Mansion (Excl)

Former Real Housewives of Beverly Hills star Lisa Vanderpump and her husband, Ken Todd, finally unloaded their West Hollywood condo after slashing the price on the property, Us Weekly can exclusively report. According to real estate records, the Vanderpump Rules star, 64, sold the two-bedroom, two-bathroom, 955-square-foot property on May 5. The sales price is … Read more

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