November, 2023

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JPMorgan Chase discloses multiple investigations by U.S. regulators

American Banker - Investment Banking

Regulators are looking into practices within JPMorgan's securities arm and investigating parts of its trading operations, according to a regulatory filing by America's largest bank.

Bank 129
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Airbnb acquires secretive firm launched by Siri co-founder

TechCrunch: M&A

Airbnb has acquired a secretive new AI startup, GamePlanner.AI, the company announced this morning. CNBC reports that the purchase price was around $200 million, a figure that TechCrunch was unable to confirm at publication time. GamePlanner was co-founded by Adam Cheyer and Siamak Hodjat. Cheyer famously helped co-launch the startup Siri, which Apple acquired and […] © 2023 TechCrunch.

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Could digital assets help expand capital raising?

Accenture Capital Markets

At Accenture’s capital markets team, we’ve completed a research project into the future of capital raising. We discussed some of the findings at a breakfast during Sibos , and I thought, I would share some of the headlines in this blog. The results should be of interest for anyone in the industry—for both public and private markets. More so, I suspect people most interested may be small-cap issuers, many of whom currently seem to struggle to raise the capital in the way that best suits their nee

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Distressed sales likely to rise in Europe’s troubled real estate sector

JD Supra: Mergers

The European real estate sector is enduring a period of turbulence not seen since the 2008 financial crisis. Industry players are dealing with a confluence of stubbornly high interest rates, falling valuations, rising energy and construction costs, and increasingly expensive financing.

Sale 289
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Top 3 Secrets to Staying Relevant with Gen Z

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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations

The New York Times: Banking

Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.

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Activist investor ValueAct has been building a stake in Disney

CNBC: Investing

ValueAct began buying Disney this summer during the Hollywood strikes and it is now one of the investor's largest positions, the Activist Spotlight has learned.

Investors 145
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SpaceX acquires parachute company for $2.2M – because it turns out space-rated parachutes are very hard

TechCrunch: M&A

SpaceX is known for its vertical integration, but one component it’s been outsourcing is parachutes — until earlier this month, when the company quietly acquired parachute vendor Pioneer Aerospace after its parent company went bankrupt. The Information first reported the news. This is the second known acquisition for SpaceX, which acquired small satellite startup Swarm […] © 2023 TechCrunch.

IT 332
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IoT Transportation Leadership Summit: Innovation on the Move

Cisco: M&A

Across the United States, local communities, transportation departments, and transit, port, and turnpike authorities are seeking new and better ways to deliver on their mission-critical objectives to… Read more on Cisco Blogs

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Jefferies to launch new multi-asset trading platform

The TRADE

Stratos Group – a wholly owned subsidiary of Jefferies – has today unveiled its new multi-asset trading platform, Tradu, set to launch in December. The aim of the platform is to streamline multi-asset trading, reducing the number of accounts and apps used across asset classes by “providing clients with an intuitive and advanced platform with a superior trading experience across each of the tradable markets, all from one portal that can be accessed via a mobile app and web platforms”.

Trading 119
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Provide Real Value in Your Applications with Data and Analytics

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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How Does the World’s Largest Hedge Fund Really Make Its Money?

The New York Times: Banking

Ray Dalio’s investing tactics have always been a closely kept secret, even inside Bridgewater Associates. Several years ago, some of Wall Street’s biggest names set out to discover his edge.

Funds 145
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Metaverse Market Size to Surpass USD 3409.29 Billion by 2027, exhibiting a CAGR of 69.2%

Global Newswire by Notified: M&A

As per the report by Fortune Business Insights, the global Metaverse Market size is projected to reach USD 3,409.29 Billion by 2027, at a CAGR of 69.2% during the forecast period. As per the report by Fortune Business Insights, the global Metaverse Market size is projected to reach USD 3,409.29 Billion by 2027, at a CAGR of 69.2% during the forecast period.

Business 115
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Jim Chanos, the short seller who called Enron's fall, is converting hedge fund to a family office

CNBC: Investing

The veteran investor, known for his bets against Tesla and Enron, will convert his hedge fund to a family office and advisory business, CNBC has learned.

Funds 144
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Ford snaps up EV power startup to boost its charging tech

TechCrunch: M&A

Ford is buying and burying Auto Motive Power, or “AMP” for short, to bolster its charging, battery management and power conversion tech. The secretive energy startup once claimed to power “most of the world’s top electric OEMs,” though as far as we can tell it never disclosed its customers publicly. Following the deal, Los Angeles-based […] © 2023 TechCrunch.

IT 327
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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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Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’

The New York Times: Mergers, Acquisitions and Dive

The site defined an era of feminism for millions of readers. According to its editors and writers, it was also an exhilarating place to work.

IT 127
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Powering up in harsh environments: Five questions to ask before selecting the right industrial PoE switch

Cisco: M&A

When it comes to cables, less is more. With power over ethernet (PoE) , ethernet cables do double duty, carrying DC power as well as data.

IT 116
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

The New York Times: Banking

Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Economics 144
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Junior analyst’s lawsuit against top bank puts Wall Street hours on trial

Financial Times - Banking

Kate Shiber says Centerview Partners improperly fired her over sleep requirements necessitated by mental illness

Bank 126
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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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Warren Buffett has been selling stocks including Chevron and hoarding a record level of cash

CNBC: Investing

Thanks to a surge in bond yields, Berkshire's cash, which was mainly parked in short-term Treasury bills, grew to a record level of $157.2 billion.

Stock 145
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New York Governor: “Balance” Is Needed on Noncompete Bill

JD Supra: Mergers

As we predicted when the New York legislature passed a bill that would ban noncompetes in the state without even an exception for the sale of a business, Governor Kathy Hochul has said that she wants changes to the bill – called chapter amendments – before she will sign it. According to Bloomberg, Governor Hochul told reporters, “What I’m looking at right now is striking the right balance between protecting low and middle-income workers, giving them flexibility to have mobility to go from job to

Sale 286
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Jezebel to Be Resurrected by Paste Magazine

The New York Times: Mergers, Acquisitions and Dive

The pioneering feminist website is being sold to Paste by G/O Media, which had shut down the site this month.

Media 144
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

The New York Times: Banking

Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Economics 142
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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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Citigroup Discriminated Against Armenian Americans, Regulator Says

The New York Times: Banking

The bank agreed to pay nearly $26 million to settle claims that its employees denied an immigrant community in Southern California fair access to its credit cards.

Bank 140
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Goldman Sachs says investors should go long on commodities, sees 20% upside

CNBC: Investing

Goldman recommends what it calls a 2024 deficits basket, going long on energy excluding natural gas and on industrial metals, excluding nickel and zinc.

Investors 144
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This EV battery stock has potential double-digit gains ahead. UBS thinks it could even surge 100%

CNBC: Investing

It's the biggest stock by market capitalization in the index of largest stocks traded on the Shenzhen exchange — bigger than even BYD's local listing.

Stock 145
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Sam Bankman-Fried’s Trial Nears Finish as Closing Arguments Are Made

The New York Times: Banking

Prosecutors said Mr. Bankman-Fried had built his FTX crypto exchange into a “pyramid of deceit” while the defense said he was simply a “math nerd” who had no intent to defraud.

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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?

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A ‘true master of investing:’ Top value investor on how Charlie Munger changed the craft

CNBC: Investing

The investing community lost one of its pillars Tuesday with the death of Charlie Munger, according to Ariel Investments' Charles Bobrinskoy.

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75% of Warren Buffett’s equity portfolio is in just 5 stocks. Here’s what they are

CNBC: Investing

The Omaha-based conglomerate said approximately 75% of is aggregate fair value was concentrated in five companies at the end of the third quarter.

Portfolio 145
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Warren Buffett keeps selling BYD. Why some analysts still say it’s a buy

CNBC: Investing

Warren Buffett's Berkshire Hathaway has more than halved its stake in Chinese electric car stock BYD over the last 18 months, filings show.

Stock 145