May, 2024

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U.S. Steel-Nippon Steel Merger: A Potent Catalyst for U.S.-Japan Relations and Technological Advancement

JD Supra: Mergers

As the proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel garners global attention, its implications extend far beyond mere corporate gains. This merger symbolizes a strengthening of the crucial U.S.-Japan economic and strategic partnership, promising significant investment in American infrastructure, workforce development, and industrial innovation.

Mergers 294
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Bumble buys community building app Geneva to expand further into friendships

TechCrunch: M&A

Dating app maker Bumble has acquired Geneva, an online platform built around forming real-world groups and clubs. The company said that the deal is designed to help it expand its focus from “one-to-one connections to groups and communities” — friendships, in other words. Terms of the deal were not disclosed, but the announcement comes shortly […] © 2024 TechCrunch.

IT 248
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Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

CNBC: Investing

"I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money.

IT 145
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Supreme Court Rejects Challenge to Consumer Watchdog’s Funding

The New York Times: Banking

A decision against the agency, the Consumer Financial Protection Bureau, could have cast doubt on all of its regulations and enforcement actions.

Funds 144
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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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Sony and Apollo in Talks to Acquire Paramount

The New York Times: Mergers, Acquisitions and Dive

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.

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Corporate Transparency Act: Beware of Filing Scams

JD Supra: Mergers

Since the Corporate Transparency Act took effect on January 1, 2024, scammers have seized the opportunity to send notices to owners of recently formed companies offering “filing services.” In response to these scams, FinCEN posted an alert on the Beneficial Ownership Information homepage stating, “FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act.

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DocuSign acquires AI-powered contract management firm Lexion

TechCrunch: M&A

As DocuSign reportedly explores a sale to private equity, it’s acquiring a company itself. On Monday, DocuSign (which now prefers to go by Docusign, with a lowercase “S,” a PR rep from the company tells me) announced that it’s buying Lexion, a contract workflow automation startup, for $165 million. The purchase comes as DocuSign makes increasing investments […] © 2024 TechCrunch.

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Warren Buffett says AI scamming will be the next big 'growth industry'

CNBC: Investing

Artificial intelligence has both "enormous potential for good and enormous potential for harm," the investing guru said during Berkshire's annual meeting.

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Judge Blocks New U.S. Rule Limiting Credit Card Late Fees

The New York Times: Banking

Set to take effect on Tuesday, the rule would save households $10 billion a year in “junk fees,” the Consumer Financial Protection Bureau said.

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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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Sony and Apollo’s Plan for Paramount: Break It Up

The New York Times: Mergers, Acquisitions and Dive

CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.

IT 133
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BMLL data made available through Nasdaq Data Link

The TRADE

Nasdaq’s Nordic and Baltic equity offering, QuoteView, will be made available through Nasdaq Data Link this month, covering primary venues and MTFs in the region across equities, mutual funds and ETFs. The offering, which is powered by BMLL, provides T+1 consolidated best bid and offer (CBBO) data for Nordic and Baltic equity markets. The consolidated order book consists of all lit quotes across the primary venues and MTFs that trade Nordic and Baltic securities with the corresponding original p

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The Opportunities, Risks, And Rewards Of AI Acquisitions

JD Supra: Mergers

Amid a period of recalibration, the artificial intelligence industry is experiencing a transformational phase. According to a recent report from Stanford’s Institute for Human-Centered Artificial Intelligence that closely monitors AI trends, there’s been a notable adjustment in global investment patterns within the sector.

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Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

TechCrunch: M&A

A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse. © 2024 TechCrunch. All rights reserved. For personal use only.

Bank 259
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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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Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons

CNBC: Investing

Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.

IT 145
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Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The New York Times: Banking

The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.

Debt 142
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The Billionaire Frank McCourt Mounts Bid to Buy TikTok

The New York Times: Mergers, Acquisitions and Dive

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.

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The Tragic Investment Banker Death: Should Senior Bankers Go to Jail for Killing Their Junior Staff?

Mergers and Inquisitions

In case you’ve been offline for the past few days, it has happened yet again: An investment banker has died on the job. You can read about it in various threads on Wall Street Oasis , Reddit , eFinancialCareers , LinkedIn, and more, so I won’t repeat the full details here. In short, this banker was an Associate in the FIG team at Bank of America and had a very accomplished track record before joining the firm.

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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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What investors can takeaway from Q1 bank earnings reports

American Banker - Investment Banking

What lies ahead for the banking industry this year? Here's what analysts and investors are tracking after the latest bank earnings reports.

Investors 116
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A New Day for Cisco’s Go-to-Market

Cisco: M&A

Over the last 40 years, Cisco has built one of most sophisticated and extensive Go-to-Market (GTM) engines in the industry. Today, we are taking the next step in that mission.

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'Big Short' trader Danny Moses is still betting against Tesla, says core business is 'falling apart'

CNBC: Investing

"Everything is kind of falling apart in their core business," Moses Ventures founder Danny Moses told CNBC's "Fast Money.

Business 143
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How 401(k) Drives Inequality

The New York Times: Banking

How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold.

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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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Financial Report 2023

European Investment Bank

In 2023, the Bank’s lending signatures amounted to €75.1 billion. This report includes the 2023 financial statements and audit reports for the EIB and the EIB Group.

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Fireside Friday with… BNY Mellon’s Geoffrey Yu

The TRADE

With the market increasingly looking at the potential of emerging markets, what’s front of mind from your side? One of our key expectations for 2024 was a turnaround in asset allocation in favour of emerging markets (EM), especially for diversification purposes as US positions became more concentrated. After record levels of outflows since the Fed shifted towards a tightening cycle, the stage appeared set for recovery flow as G10 central banks embarked on easing.

Valuation 104
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IMPS vs NEFT: Difference Between IMPS and NEFT Fund Transfer

Razorpay

Electronic Fund Transfer (EFT) is a method of transferring money from one bank account to another without using physical cash or cheques. There are different types of EFT methods available in India, such as IMPS, NEFT, RTGS, UPI, etc. IMPS and NEFT are two of the most commonly used EFT methods for online transactions. In this article, we will compare IMPS vs NEFT in terms of their features, benefits, and more.

Funds 97
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Cisco’s Women of the Channel: Empowering Innovation, Leadership, and Success in 2024

Cisco: M&A

I am thrilled to see numerous talented and trailblazing Cisco colleagues featured in CRN's 2024 Women of the Channel List. These women are at the forefront of channel thought leadership, and their dedication to our partners' success is a testament to the exceptional caliber of our partner program.

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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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‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet

CNBC: Investing

Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS).

Funds 145
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Ukraine Needs Money to Fight. Can Seized Russian Assets Help?

The New York Times: Banking

Kyiv’s supporters are discussing how to use the interest earned by frozen Russian assets to help pay for weapons and postwar reconstruction.

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7 essential steps to guiding your business to private equity exit

Growth Business

By Alexis Sikorsky on Growth Business - Your gateway to entrepreneurial success The journey of entrepreneurship is often compared to navigating a ship through uncharted waters. The goal for many is not just to survive the voyage, but to reach the lucrative shores of a successful exit. Drawing from decades of experience and my own trials and triumphs in the business world, I’ve outlined seven key strategies to help you prepare, execute, and ultimately succeed in selling your business to pri