Zach Dell’s Base Power has secured $1 billion in its latest funding round, valuing the Texas-based startup at $3 billion pre-money. The company provides home battery systems that serve as backups and sell stored power to utilities during peak demand, addressing rising electricity needs fueled by AI data centers and grid constraints. As energy storage...
Germany’s PSI Software, a maker of software for energy networks, is close to being acquired, with Thoma Bravo, HgCapital, and Warburg Pincus among potential suitors.
Gold has surged past $4,000 an ounce for the first time, driven by geopolitical uncertainty, economic volatility, and expectations of U.S. interest rate cuts. Silver followed suit, hitting $49.57/oz, as investors flocked to these safe-haven assets. Key Takeaways: Investors continue to seek safe, liquid stores of value amid a turbulent global landscape.
India’s equity markets are underperforming amid limited exposure to AI, prompting fund managers to target volatile high-growth sectors such as renewables, electronics, digital platforms, and financial services to chase market-beating returns.
UBS is assessing the effect of First Brands’ bankruptcy on its investment funds, with exposure totaling over $500 million. The U.S. auto parts supplier filed for bankruptcy following financial irregularities, triggering concerns across private credit and corporate debt markets. While the economic impact is manageable for UBS, analysts note the reputational and regulatory implications amid...
Dutch cryptocurrency company Amdax has successfully raised €30 million ($35 million) to launch its Bitcoin treasury program under the new entity AMBTS, which will be listed on the Dutch exchange. CEO and co-founder Lucas Wensing stated: “The closing of this round is an important milestone. We now move forward with our bitcoin strategy, aiming to...