Wed.Oct 04, 2023

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Okta acquires a16z-backed password manager Uno to develop a personal tier

TechCrunch: M&A

Okta, the U.S.-based identity management giant, announced today that it has acquired password management app, Uno. The company said that Uno’s team will help speed up the public launch of the Okta Personal tier, a password manager for consumers.

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Question of the Week: Sports-focused capital investment remains strong. What is driving the influx of private capital into sports? - Insights

JD Supra: Mergers

"In recent years, the value of professional sports leagues and teams has skyrocketed, as reflected by a number of record-breaking transactions. At the same time, we experienced an unprecedented accumulation of capital by private investment funds and other institutional investors. Recognizing these trends, many of the U.S. professional sports are now allowing institutional investors to own minority interests in their teams.

Capital 195
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Three weeks later, investors are still not terribly enthusiastic about the massive Cisco-Splunk deal

TechCrunch: M&A

Three weeks after the Cisco announced a massive $28B acquisition of Splunk, investors still seem less than enthused about the deal.

Investors 271
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Apples, Oranges and Lemonade: Pursuing Multiple Strategic Alternatives in the Public Company Boardroom

JD Supra: Mergers

In all economic cycles, engaged public company boards and management teams do their homework on the wide range of potential strategic opportunities. In the current market environment, however, we have observed that an increasing number of companies and their boards are actively progressing (or taking steps to formulate a plan for exploring) multiple alternatives at the same time.

Economics 189
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Bill Gross says the surging 10-year Treasury yield could test 5% in the short term

CNBC: Investing

One-time bond king Bill Gross believes Treasury yields have the potential to shoot even higher in the short run.

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How the Global Economy Became Weaponized

The New York Times: Banking

How the global economy became weaponized.

More Trending

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Central bank test lab develops global bitcoin mapping system

Global Banking & Finance

Central bank test lab develops global bitcoin mapping system By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used.

Bank 132
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Bill Gross is down on both stocks and bonds, says these are the best opportunities now

CNBC: Investing

Bill Gross, a widely followed investor once known as the bond king, said he's negative about both stocks and bonds, only seeing very limited opportunities.

Stock 135
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Russian car sales jump in September as Chinese brands expand market share

Global Banking & Finance

Russian car sales jump in September as Chinese brands expand market share (Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their market share.

Sale 131
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Mizuho says Coinbase will miss third-quarter revenue by 10%

CNBC: Investing

Mizuho is lowering its revenue estimates for Coinbase following a seasonally weak quarter that was further pressured by low trading volumes.

Trading 131
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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock

Global Banking & Finance

Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy’s main liquefied natural gas (LNG) import terminal, the U.S. oil producer said in a statement.

Sale 131
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Lead Gen is a Product: The Unsung Hero of Business Success

Beyond M&A

In the realm of business success stories, the tale of the start-up hardware firm Compaq offers a compelling narrative. From the beginning, the Compaq team was strategic about integrating sales into the very fabric of their business. Even before any hardware designs were finalized, their sales team was already meeting prospective clients, famously sketching the envisioned product on a napkin to drum up interest.

Business 130
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ECB’s Centeno says rate cycle likely completed, inflation retreating

Global Banking & Finance

ECB’s Centeno says rate cycle likely completed, inflation retreating LISBON (Reuters) -The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro zone is retreating faster then it rose, ECB Governing Council member Mario Centeno said on Wednesday.

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Buy this freelance services stock for more than 35% upside, UBS says

CNBC: Investing

UBS thinks this Israel-based freelance services stock can grow due to a reacceleration in 2024.

Stock 124
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Factbox-Italy feels health sector pinch as Europe struggles post COVID-19

Global Banking & Finance

Factbox-Italy feels health sector pinch as Europe struggles post COVID-19 ROME (Reuters) – Italy’s government has warned that a shortage of doctors and nurses in the national health service represents a “real emergency” To help overcome the crisis, some hospitals are offering contracts to foreign medics to fill the gaps.

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Bank of America says long-term investors should buy these beaten-up bank stocks

CNBC: Investing

The recommendation comes even as surging bond yields have the potential to slow the economy and damage the financial sector, weighing on bank stocks.

Bank 122
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Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year

Global Banking & Finance

Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year BRUSSELS (Reuters) – Euro zone producer prices edged higher as expected month-on-month in August and plunged year-on-year on a sharp drop in energy prices, data showed on Wednesday.

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These Dow stocks are bucking the average's negative trend, and analysts love them

CNBC: Investing

These stocks may have the right stuff to remain in positive territory despite a declining Dow Jones Industrial Average.

Stock 122
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums

The New York Times: Banking

Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.

Insurance 122
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Investors like the high dividends and buybacks energy companies offer, but debt is starting to rise again

CNBC: Investing

Oil companies are increasing the debt at a time when shareholders expect rich dividends and robust stock buyback programs.

Debt 122
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FILS Europe 2023: Human traders still hold the cards amid continued automation

The TRADE

Data and automation were unsurprisingly central to Tuesday’s Fixed Income Leaders Summit Europe 2023 panel exploring the direction of travel for market structure in fixed income for the coming years. The fixed income markets have undergone a total transformation as of late, with more volumes than ever being executed electronically, particularly for smaller sized flow.

Trading 119
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Here are Wednesday's biggest analyst calls: Meta, Tesla, Nvidia, Apple, Sunrun, Alphabet, Snowflake and more

CNBC: Investing

Here are Wednesday's biggest calls on Wall Street.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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European VC Atomico raises $1.1bn

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Atomico, one of Europe’s most active VC firms, has raised $1.1bn from investors, according to the Financial Times. The raise means the London-based VC , founded by Skype founder Niklas Zennström, is close to its £1.35bn target for its new growth and venture funds, despite a challenging economic climate.

Capital 111
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UBS says this construction stock is a buy, can rally more than 30%

CNBC: Investing

The firm upgraded the engineering and construction stock to buy from neutral in a Wednesday note.

Stock 122
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“Dumb Money” Review: A Worthy Addition to the Classic Finance Movie Roster?

Mergers and Inquisitions

Whenever I watch a new movie or TV show, I always try to go in optimistic – even if I have doubts about the premise, writing, or production values. Unfortunately, my initial instincts are often correct: If I have a bad feeling about something, it usually has issues. And that is exactly what happened when I watched Dumb Money , the movie about the GameStop short squeeze in 2021 , the other day.

Finance 105
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Truist downgrades these solar stocks, sees further struggles for the sector

CNBC: Investing

Truist Securities says key solar installers will continue to feel pressure heading into 2024 after already slumping more than 30% over the past month.

Stock 122
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Cisco Refresh reinforces sustainability efforts

Cisco: M&A

In a panel discussion led by Cisco within the Energy and Transition stream of Climate Week NYC ’s “The Hub Live”, experts explored the topics of “transforming grids globally, and the role of technol… Read more on Cisco Blogs

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Bank of America says this asset management giant is 'best-positioned' to capitalize on rising Treasury yields

CNBC: Investing

The bank reiterated a buy rating on the stock.

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NSO Playground, A New Environment Available on Cisco Code Exchange

Cisco: M&A

The article is co-authored with Jesus Illescas, Cisco Software Engineer The Cisco Code Exchange platform gathers shared code repositories related to Cisco and open-source technologies for security,… Read more on Cisco Blogs

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BMO expects more market volatility. These dividend payers can cushion the ride

CNBC: Investing

These stocks can help investors ride out volatility while paying attractive dividends, according to BMO.

Investors 119
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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?