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Breaking News: Investing

$6 Billion Deal: Francisco Partners and TPG to Privatize New Relic

by Ev Richard
 Billion Deal: Francisco Partners and TPG to Privatize New Relic

Lew Cirne, CEO, New Relic Scott Mlyn | CNBC A consortium led by Francisco Partners and private equity group TPG will take software provider New Relic private in an all-cash, …

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Categories Technology

Replacing Gold Exposure With Cryptocurrency Could Prove to be a Costly Error

by Adrian Jhonsan
Replacing Gold Exposure With Cryptocurrency Could Prove to be a Costly Error

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for …

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Categories World

The Dow’s 14th consecutive gain evaded – A simple coin flip could have achieved the same result

by Adrian Jhonsan
The Dow’s 14th consecutive gain evaded – A simple coin flip could have achieved the same result

Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. Angela Weiss | AFP | Getty Images The Dow Jones Industrial Average …

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Categories World

First Solar’s Fifth U.S. Factory Unveiled as Inflation Reduction Act Boosts Domestic Manufacturing

by Milton Acorn
First Solar’s Fifth U.S. Factory Unveiled as Inflation Reduction Act Boosts Domestic Manufacturing

A worker at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters First Solar, the nation’s largest solar panel manufacturer, announced Thursday that it will build its …

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Categories Science

APAC Fundraising Poised for Lowest Decade in Wake of China’s VC Slump

by Adrian Jhonsan
APAC Fundraising Poised for Lowest Decade in Wake of China’s VC Slump

BEIJING — China-focused venture capital and other private investment funds have had a slow start to the year and are set to drag down Asia-Pacific fundraising to the lowest in …

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Categories World

Big Banks Face Extensive Capital Rule Changes as Regulators Announce Overhaul

by Craig Fedirighi
Big Banks Face Extensive Capital Rule Changes as Regulators Announce Overhaul

Michael Barr (L), Vice Chair for Supervision at the Federal Reserve and Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testify about recent bank failures during a US …

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Categories Business

Stellantis, the automaker behind Jeep and Dodge, reports increase in first-half revenue and reaffirms 2023 projections

by Adrian Jhonsan
Stellantis, the automaker behind Jeep and Dodge, reports increase in first-half revenue and reaffirms 2023 projections

Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer …

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Categories World

JPMorgan Executive Erdoes Turned to Epstein for Tax Advice

by James Odonell
JPMorgan Executive Erdoes Turned to Epstein for Tax Advice

Mary Callahan Erdoes, chief executive officer of asset management at JPMorgan Chase & Co. Simon Dawson | Bloomberg | Getty Images JPMorgan Chase executive Mary Callahan Erdoes sought advice for …

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Categories Politics

Bitcoin sees significant decline prior to Federal Reserve meeting while investors consider Binance worries

by Ev Richard
Bitcoin sees significant decline prior to Federal Reserve meeting while investors consider Binance worries

Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Nurphoto | Getty Images The price of bitcoin …

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Categories Technology

Is it too risky? The retail industry’s growing reliance on zero day options

by Adrian Jhonsan
Is it too risky? The retail industry’s growing reliance on zero day options

It’s a sophisticated trading strategy that’s becoming more accessible to retail investors. The strategy: Zero days-to-expiration options — which is essentially a one-day bet on the direction of the markets. …

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Categories World
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