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Nvidia supplier SK Hynix posts 6-year high profit on AI boom

Global Banking & Finance

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix posted its highest quarterly profit since 2018 on Thursday as the Nvidia supplier said strong AI chip demand will only get stronger, such as for high bandwidth memory (HBM) used in generative AI chipsets.

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Go1 snaps up speed reading app Blinkist to expand in enterprise learning

TechCrunch: M&A

Blinkist’s last valuation was $160 million in 2018 , when it raised $18.8 The reason Blinkist hasn’t gone out for funding again in the last five years is because it has’t had to: the company is growing and profitable, and it still has money left in the bank, according to Holger Seim, Blinkist’s CEO and co-founder.

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UK’s Just Group beats first-half profit estimate as demand for pension insurance soars

Global Banking & Finance

By Yadarisa Shabong (Reuters) -Just Group’s first-half profit beat estimates on Tuesday, and the British insurer now expects full-year earnings to surpass its previous expectations on demand for pension insurance, sending shares up as much as 18% in early trading.

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Online wholesaler Boxed acquired after filing for bankruptcy

TechCrunch: M&A

In the years that followed, Boxed reportedly rejected a $400 million buyout offer from grocer Kroger in 2018, then later partnered with one of Asia’s largest retailers (Aeon) in 2021 for an expansion. At the time, Boxed had more than 7 million registered users and reported it was close to profitability.

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New Study: 2018 State of Embedded Analytics Report

Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.

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SEC charges TD Securities as former head of US Treasuries desk found to have allegedly made ‘hundreds’ of illegal trades

The TRADE

The US Securities and Exchange Commission (SEC) has charged TD Securities with manipulating the US Treasury cash securities market through an illicit spoofing scheme between April 2018 and May 2019. After these intended orders were filled (profiting TD Securities) the trader in question allegedly then cancelled the other orders.

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Reviving Distressed Assets: The Business Model of Asset Reconstruction Companies

Wizenius

Profit sharing : Once the assets are resolved, the ARC shares the profits with its investors. Typically, ARCs work on a profit-sharing basis, where they receive a percentage of the recovered value as their fee. Recovery : The ultimate goal of an ARC is to recover as much value as possible from the distressed assets.