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 299
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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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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 142

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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FTC Sues Private Equity Firm and Anesthesia Group Alleging Unlawful Monopolization in Texas Market

JD Supra: Mergers

Yesterday, the Federal Trade Commission (“FTC”) filed suit in federal district court alleging that U.S. Anesthesia Partners, Inc. (“USAP”), and the private equity firm Welsh, Carson, Anderson & Stowe (“Welsh Carson”), which created USAP, executed a multi-year anticompetitive scheme to consolidate anesthesiology practices in Texas, drive up the price of anesthesia services provided to Texas patients and boost their own profits.

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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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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.

Bank 142
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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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Salesforce to acquire Airkit.ai, a low-code platform for building AI customer service agents

TechCrunch: M&A

Salesforce has announced plans to acquire Airkit.ai, a low-code platform that helps e-commerce companies build AI-powered customer service agents. Terms of the deal were not disclosed.

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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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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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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 129
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Ontario Teachers’, PSP-owned Cubico buys Uruguay renewable projects

PE Hub

Cubico Sustainable Investments is a London, UK-based renewable energy company. The post Ontario Teachers’, PSP-owned Cubico buys Uruguay renewable projects appeared first on PE Hub.

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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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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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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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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?

The New York Times: Banking

The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.

Debt 143
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Patricia Industries’ Permobil acquires Canada’s PDG Mobility

PE Hub

Based in Vancouver, PDG Mobility is a manual tilt-in-space wheelchair manufacturer. The post Patricia Industries’ Permobil acquires Canada’s PDG Mobility appeared first on PE Hub.

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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 134
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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.

Mergers 299
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The importance of cybersecurity in the rail industry

Cisco: M&A

The railway industry is increasingly embracing new systems and technologies to enhance operational efficiency, safety, and connectivity.

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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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Federal Court Says Consumer Watchdog Can’t Check Banks for Discrimination

The New York Times: Banking

A Texas judge’s sweeping ruling says the Consumer Financial Protection Bureau exceeded its authority in trying to examine banks for uneven treatment.

Bank 128
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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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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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After relaunching as a studio for creators, LimeWire acquires BlueWillow, a Midjourney competitor

TechCrunch: M&A

In the Wild West of generative AI, a new, unlikely cowboy is riding into town. LimeWire — once infamous for music piracy and incurring the wrath of the music industry before shutting down — last year pivoted under new owners into the world of content creation.

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La Belle Vie acquires Frichti following bankruptcy process

TechCrunch: M&A

French grocery delivery startup La Belle Vie is acquiring Frichti, another food delivery service that was placed under court-ordered receivership. TechCrunch can confirm that the court picked La Belle Vie’s offer over three other offers, as Les Échos reported earlier.

Food 281
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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.

Trading 131