Here is your Weekly
summary for Business & Finance
across United States
for Mon 27th April - Sun 3rd May 2026
Peter Thiel's Founders Fund has achieved a significant milestone by raising $6 billion for a new fund aimed at later-stage investments, marking its largest fundraising effort to date. This influx of capital could enhance the firm's ability to back promising companies, potentially reshaping the investment landscape.
In another development, Tether Holdings has expanded its gold reserves to nearly $20 billion, solidifying its position as the largest non-bank holder of bullion globally. This aggressive accumulation of gold reflects a strategic move to bolster its financial stability amid market volatility.
Meanwhile, eBay's stock surged over 15% following reports that GameStop is preparing a takeover bid, signaling potential shifts in the retail and gaming sectors. This news could reshape competitive dynamics and investor sentiment in both companies.
Lastly, Goldman Sachs' Sharmin Mossavar-Rahmani highlighted the resilience of the U.S. economy despite ongoing geopolitical tensions, suggesting that underlying economic strength may continue to support market stability. Additionally, Opay Digital Services is gearing up for a U.S. IPO, enlisting major banks to facilitate its entry into the public market, which could attract further investment in the fintech space.