2023

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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 143
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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 127
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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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ESMA considering progressive penalties for settlement fails under CSDR revamp

The TRADE

The European Securities and Markets Authority (ESMA) has published a consultation paper on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. The paper follows requests from the European Commission for technical advice on the regulation, with the consultation running to 29 February 2024.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Music Licensing Giant BMI Sells to Private Equity Firm

The New York Times: Mergers, Acquisitions and Dive

Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.

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First base for your gen AI journey? Could be efficiency

Accenture Capital Markets

In my previous blog in this short series on generative AI in capital markets, I gave my perspective on why gen AI is so game-changing for our industry. From the highest level, using gen AI to drive efficiencies could help firms to respond to some of the bigger global macroeconomic challenges currently confronting the industry—not least inflationary and economic headwinds as these shifts may also demand firms to undertake cost transformation programs as part of what Accenture calls Total Enterpri

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Bank of India becomes first bank to offer Mahila Samman Savings Certificate

Business Standard - FInance

Bank of India Mahila Samman Savings Certificate: The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year

Bank 145
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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.

Banking 132
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Great Pacific Gold Completes Acquisition of Wild Dog Resources Inc.

Global Newswire by Notified: M&A

VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce that it has completed its acquisition of Wild Dog Resources Inc. (“WDR”) pursuant to the terms of an amalgamation agreement (the “Amalgamation Agreement”) with 15103452 Canada Inc., a wholly-owned subsidiary of GPAC (“GPAC Sub”), and WDR.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Adobe and Figma end $20B acquisition plans after regulatory headwinds in Europe

TechCrunch: M&A

Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate […] © 2023 TechCrunch.

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Atlassian to acquire former unicorn Loom for $975M

TechCrunch: M&A

Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million Series C. That was when companies were still thinking about all work being cloud-based and the future looked oh so bright. As […] © 2023 TechCrunch.

Valuation 347
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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 337
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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 332
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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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WordPress.com owner buys all-in-one messaging app Texts.com for $50M

TechCrunch: M&A

WordPress.com and Tumblr owner Automattic is adding another company to its portfolio with today’s news that it has acquired the all-in-one messaging app Texts.com for $50 million. The app brings all your messaging apps together in a single dashboard, including iMessage, Slack, WhatsApp, Instagram, Telegram, Messenger, LinkedIn, Signal, Discord and X, with plans for more […] © 2023 TechCrunch.

Portfolio 316
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IBM to acquire StreamSets and WebMethods from Software AG for $2.3B

TechCrunch: M&A

IBM is doling out €2.13 billion ($2.3 billion) to acquire a duo of data integration assets from Germany-based enterprise software company Software AG. The all-cash deal will see IBM take ownership of StreamSets, a data integration platform that Software AG had acquired just last year, and WebMethods, which Software AG bought for more than $500 […] © 2023 TechCrunch.

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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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Exxon Acquires Pioneer Natural Resources for $60 Billion

The New York Times: Mergers, Acquisitions and Dive

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, is a bet that U.S. energy policy will not move against fossil fuels in a major way.

Mergers 145
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Enhance Customer Value: Unleash Your Data’s Potential

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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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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How Elon Musk and Larry Page’s AI Debate Led to OpenAI and an Industry Boom

The New York Times: Mergers, Acquisitions and Dive

The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it. Then distrust fueled a spiraling competition.

IT 145
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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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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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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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Mastercard launches global plan to recycle credit cards

Global Banking & Finance

Mastercard launches global plan to recycle credit cards By Simon Jessop LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill.

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European car sales rise in May – ACEA

Global Banking & Finance

European car sales rise in May – ACEA BERLIN (Reuters) – European new car registrations increased in May, data from the region’s carmaker association showed on Wednesday. The number of new vehicles registered that month in the European Union, Britain and the European Free Trade Association (EFTA) grew by 18.2% to 1.

Sale 140
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UK’s Halfords expects pricing efforts to drive profits

Global Banking & Finance

UK’s Halfords expects pricing efforts to drive profits By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring. British inflation held at 8.

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UK fines WH Smith, M&S and others for not paying minimum wage

Global Banking & Finance

UK fines WH Smith, M&S and others for not paying minimum wage LONDON (Reuters) – Britain has fined more than 200 companies, including top retailers WH Smith, Marks & Spencer and Argos, for failing to pay their lowest paid staff the minimum wage between 2017 and 2019.

Retail 139
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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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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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'The bond vigilante is coming back,' UBS strategist says

CNBC: Investing

The "bond vigilantes are coming back" as investors continue to sell amid the prospect of a growing fiscal deficit, according to UBS Asset Management's Kevin Zhao.

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Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond. A look at the numbers

CNBC: Investing

Citi notched its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That view seems conservative. Here's why.

Sale 145