September, 2023

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Ray Dalio warns of 'great disruptions,' shares top tips for new investors

CNBC: Investing

Bridgewater's Ray Dalio said it is important for new investors to have a diversified portfolio as economic and geopolitical headwinds continue to rage on.

Investors 145
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Cisco to acquire Splunk in $28B mega deal

TechCrunch: M&A

Cisco has a reputation of building the company through acquisitions, but it has tended to stay away from the really huge ones. That changed this morning when the company announced it was acquiring Splunk for $28 billion.

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Illinois Expands Health Care Transaction Oversight

JD Supra: Mergers

On August 11, Illinois Governor J.B. Pritzker signed House Bill 2222 (Public Act 103-0526) into law — bolstering Illinois’ antitrust prevention efforts by expanding the oversight purview of its Attorney General’s (AG) office with respect to health care transactions. Under the new law, the Illinois AG now has the power to review and assess certain “covered transactions” entered into between health care facilities and providers.

IT 296
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SEC issues ruling for a new National Market System

The TRADE

The SEC has ordered the filing of a new national market system plan (NMS plan), specifically directing FINRA and 18 SROs associated with Cboe, Nasdaq, and NYSE to act jointly in developing the NMS plan. The results are set to be published for public comment, and according to the SEC, the revised plan must: include a date by which it will become fully effective, alongside a prescribed timeline and periodic progress reports; require that all those involved be subject to the plan’s conflicts-of-i

Equities 145
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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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JPMorgan Settles Epstein Suit With U.S. Virgin Islands for $75 Million

The New York Times: Banking

The bank agreed to pay $75 million to settle with the U.S. Virgin Islands and reached a confidential settlement with a former top banker who pushed to keep the disgraced financier as a client.

Bank 143

More Trending

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A recession is coming and investors should be defensive, TCW CEO says

CNBC: Investing

"We are going to have a recession, because that's the way the world works," TCW CEO Katie Koch said at CNBC's "Delivering Alpha" conference.

Investors 144
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Roblox acquires voice moderation startup Speechly

TechCrunch: M&A

Two years after announcing voice chat was coming to Roblox, the gaming company has acquired a voice tech startup, Speechly, offering voice chat moderation, real-time transcription and Voice API that lets companies add AI voice technology and voice interfaces to their products and experiences.

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Santander creates two new global businesses for retail, consumer areas

Global Banking & Finance

Santander creates two new global businesses for retail, consumer areas By Jesús Aguado MADRID (Reuters) -Spain’s Santander is consolidating its retail, commercial and consumer activities across all markets under two new global businesses to help it improve performance and add customers, it said on Monday.

Retail 131
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LVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?

The New York Times: Mergers, Acquisitions and Dive

With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.

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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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Greece, Battered a Decade Ago, Is Booming

The New York Times: Banking

It is one of Europe’s fastest-growing economies, and while investors and tourists are flocking to the country, memories of austerity measures are still fresh for Greeks.

Investors 145
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Distributed ZTNA enables simple and scalable secure remote access to OT assets

Cisco: M&A

Zero trust network access (ZTNA) is the ideal alternative to cellular gateways and VPN solutions for remote access. But in OT environments, ZTNA needs to be distributed.

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Citadel's Ken Griffin says he's anxious about the market, seeing rally in the 7th or 8th inning

CNBC: Investing

"I'm a bit anxious that this rally can continue," Citadel CEO Ken Griffin said. "We're sort of in the seventh or eighth inning of this rally.

M&A 143
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Taiwan-based lifestyle app FunNow merges with Eatigo to broaden its Southeast Asia reach

TechCrunch: M&A

FunNow, the Taiwan-based app that lets users book activities on-demand in five Asian countries, is growing its reach in Southeast Asia through a merger with restaurant booking app Eatigo. Terms of the deal were undisclosed, but FunNow CEO TK Chen says it is the largest post-COVID O2O M&A deal in Southeast Asia.

IT 288
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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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Sabato De Sarno to hit Milan catwalk on Friday with high stakes Gucci debut

Global Banking & Finance

Sabato De Sarno to hit Milan catwalk on Friday with high stakes Gucci debut By Mimosa Spencer and Elisa Anzolin MILAN/PARIS (Reuters) – Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes designer debut for the Italian label’s owner, French luxury group Kering.

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Letterboxd, Online Haven for Film Nerds, Gets a New Owner

The New York Times: Mergers, Acquisitions and Dive

Two designers from New Zealand built a wildly popular social network for movie buffs. Now, they’re cashing in (and sticking around for the sequel).

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Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks

The New York Times: Banking

A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.

Debt 142
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Listening to Learners 2023: Increasing Belonging in and out of the Classroom

Tyton Partners

Listening to Learners 2023: Increasing Belonging in and out of the Classroom This publication on how to ensure students’ success and foster a sense of belonging throughout the college journey will be released on September 13, 2023. Tyton Partners’ 2023 Listening to Learners research publication focuses on how institutions can ensure students’ success and foster a sense of belonging throughout the college journey, no matter an institution’s financial standing.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Brad Gerstner says AI is going to be bigger than the internet, bigger than mobile

CNBC: Investing

Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even …

Capital 144
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Anduril acquires Blue Force Technologies, the company behind the Fury unmanned fighter jet

TechCrunch: M&A

Venture-backed defense giant Anduril Industries is acquiring Blue Force Technologies, the advanced design and engineering firm behind the “Fury” unmanned fighter jet, as the company looks to build out its suite of autonomous systems for national security customers.

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Societe Generale vision falls flat as Europe’s banks falter

Global Banking & Finance

Societe Generale vision falls flat as Europe’s banks falter By John O’Donnell and Mathieu Rosemain LONDON/DUBLIN (Reuters) -Societe Generale’s much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.

Bank 131
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Smucker’s Buys Twinkie Owner Hostess Brands for $5.6 Billion

The New York Times: Mergers, Acquisitions and Dive

J.M. Smucker, the maker of jellies, Jif peanut butter and Uncrustables, agreed to take over Hostess Brands, adding Twinkies, Ho Hos and Ding Dongs to its portfolio of snacks.

Portfolio 117
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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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How a Moldovan Fraudster Leveraged Tensions Over Ukraine War

The New York Times: Banking

The war in Ukraine is intensifying longstanding frictions in a region of Moldova called Gagauzia. A Moldovan convicted of plundering his country’s banking system sees an opportunity.

Bank 126
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Exegy and BMLL enter into new data and analytics partnership

The TRADE

Trading infrastructure provider Exegy has entered into an introducer partnership with Level 3 historical data and analytics provider BMLL Technologies. The partnership will offer qualitative traders the ability to manually take granular, historical data to enhance algos and derive alpha by using the data in Exegy’s back-testing and simulation solutions.

Trading 113
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Behind Warren Buffett's $100 billion-plus bet on Apple and the iPhone

CNBC: Investing

The "Oracle of Omaha" called the iPhone "an extraordinary product" and Apple a better business than any of Berkshire's wholly-owned subsidiaries.

Business 135
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Tour operator TUI confirms full-year outlook on back of strong bookings

Global Banking & Finance

Tour operator TUI confirms full-year outlook on back of strong bookings By Joanna Plucinska LONDON (Reuters) -Tour group TUI on Tuesday confirmed its full-year outlook for the 2023 financial year, citing strong bookings in the summer and upcoming winter season despite extreme weather from flooding to heatwaves disrupting flights and holidays.

IT 131
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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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UK’s Hargreaves Lansdown bets on increased savings to sustain growth

Global Banking & Finance

UK’s Hargreaves Lansdown bets on increased savings to sustain growth By Khushi Mandowara (Reuters) -Hargreaves Lansdown is betting on savers to fuel growth despite subdued investment and trading activity in the current financial year, the British investment platform said on Tuesday, after posting estimate-beating annual profit.

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Ray Dalio says to hold cash 'temporarily' — but don’t buy debt and bonds

CNBC: Investing

Amid mounting concerns over rising interest rates and inflation levels Bridgewater Associates’ founder Ray Dalio said he prefers cash over bonds.

Debt 145
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Italy relies on GDP revisions to limit 2023 deficit rise -sources

Global Banking & Finance

Italy relies on GDP revisions to limit 2023 deficit rise -sources By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy hopes upcoming revisions to GDP growth data for 2020-22 will limit what could otherwise be a strong overshoot of its budget deficit target this year, two sources familiar with the matter told Reuters.

IT 130