Fed Chairman Powell Calls For Quick Interest Rates Rise
The Federal Reserve must make moves soon to raise interest rates and return monetary policy to normal, according to Fed Chairman Jerome Powell. The Fed began its attempt to do so on March 16 when it announced its first interest rate hike since 2018, raising the benchmark rate to a range of 0.25%-0.5%...
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SoftBank Most Likely To Choose Goldman Sachs To Lead Arm IPO
All signs point to SoftBank’s choosing Goldman Sachs as the lead underwriter on its initial public offering of Arm Ltd. The IPO could value the British chip designer at as much as $60 billion, according to three people with knowledge of the matter...
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Intel To Spend $36 Billion To Make Chips In Europe
Intel has recently announced that it will invest more than €33 billion ($36 billion) in supporting chipmaking across the European Union. The EU is aiming to become more self-reliant when it comes to the manufacture of semiconductors...
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KKR Looks To Invest $17B In Infrastructure, Says Public Sources Of...
Private equity firm KKR is looking to invest $17 billion in infrastructure projects worldwide, focusing on broadband, in particular. The U.S. and other wealthy countries are already devoting a substantial amount of money to improving infrastructure, but KKR doesn’t think it’s enough...
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Investors Hoping Crypto Can Withstand Russia-Ukraine Fallout
Global investors are flooding cryptocurrency funds and companies with investment, hoping the emergent sector may be more resilient than established financial instruments against market fluctuations stemming from the Russia-Ukraine conflict...
With Raskin Out, Biden May Be Forced To Go With A...
Former Member of the Federal Reserve Board of Governors and Deputy Secretary of the Treasury Sarah Bloom Raskin withdrew her nomination for Federal Reserve Vice Chairwoman for banking supervision on March 15. Now, the White House may be forced to either choose a new moderate candidate or leave the post open for the foreseeable future...
J.P. Morgan Confirms $730 Million Deal To Buy Global Shares
J.P. Morgan has confirmed its plans to acquire Ireland-based fintech Global Shares in a $730 million (€665 million) deal. The transaction is expected to close in the second half of the year. Founded in 2005, Global Shares began as a low-margin service business...
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Software AG Acquires StreamSets, Looks To Expand Into World Of Data...
In a deal valued at more than $580 million, Software AG is acquiring data integration platform developer StreamSets. Software AG, which develops digital business and application integration software, described the acquisition as the first of a larger merger and acquisition effort...
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Cybersecurity Unicorn Axonius Achieves $2.6 Billion Valuation
In what Axonius says could be its last funding round before a public listing, the cybersecurity startup has raised $200 million from investors at a valuation of $2.6 billion. In an interview with Reuters, Axonius CEO Dean Sysman declined to share an exact time frame but said the company could be ready for an IPO within two years...
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Companies Respond To Russian Invasion Of Ukraine
Since the unprovoked Russian invasion of Ukraine that began in late February, corporate actions to censure Russia have varied dramatically. Some of the measures taken have been required of companies by law, and some have been voluntary, and comments on the war made by corporations have ranged from harsh condemnations to more restrained promises to review their business in the country...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...