Author: Anthony M. Orbison

Commerzbank on Tuesday announced its new chief executive will be Bettina Orlopp, who is expected to fight an attempted takeover of the German bank by Italy’s UniCredit.Orlopp, currently Commerzbank’s chief financial officer, would replace current chief executive Manfred Knof “in the near future”, Germany’s second-largest listed lender said.This month, Commerzbank said Knof would not seek another term after his contract expires at the end of 2025.People familiar with Orlopp’s thinking told the Financial Times she was not supportive of a tie-up with UniCredit, which has positioned itself to become Commerzbank’s largest shareholder with a 21 per cent stake, depending on…

In a recent series of transactions, Madge K. Shafmaster, a director at ProMIS Neurosciences Inc. (OTC:PMN), made significant purchases of company stock, totaling $255,750. These acquisitions were made over three separate days, with prices ranging from $1.2511 to $1.3004 per share. On September 20, 2024, Shafmaster bought 60,000 shares at $1.2511 each. This was followed by a purchase of 70,000 shares at $1.2808 per share on September 23, and another 70,000 shares at $1.3004 each on September 24. The transactions collectively increased Shafmaster’s holdings to 208,333 common shares in the pharmaceutical preparations company. These stock purchases by a member of…

MicroStrategy, a leading business intelligence and Bitcoin development company, has announced a proposed private offering of $700 million in convertible senior notes, due 2028. The offering will be made to institutional buyers under Rule 144A of the Securities Act. The company also plans to grant an option for purchasers to buy an additional $105 million of the notes. The notes will be senior, unsecured obligations of MicroStrategy, bearing interest semi-annually and maturing in September 2028. Holders of these notes may convert them into cash, shares of MicroStrategy’s class A common stock, or a combination of both, at the company’s discretion.…

Brexit Update: How Will the Latest Developments Impact the Pound? As the Brexit saga continues to unfold, the UK and the EU are negotiating the terms of their departure from the European Union. The latest developments have significant implications for the pound’s value, and investors are keeping a close eye on the situation. In this article, we’ll delve into the latest updates and analyze how they may impact the pound. Current State of Play Since the UK’s decision to leave the EU in June 2016, Brexit has been a topic of constant debate and uncertainty. In recent weeks, both the…

Moody’s Ratings cut Alaska Air Group Inc.’s credit grade to junk status after the company said it plans to issue secured debt to refinance borrowings from its acquisition of Hawaiian Holdings Inc., according to a statement on Tuesday. The credit grader lowered the airline’s issuer rating to Ba1, the highest junk level, from Baa3, the lowest investment-grade score, and changed its outlook to negative from stable, signaling more downgrades could be coming in the medium term. At the same time, Moody’s gave Alaska Air’s planned secured debt obligations a rating of Baa2, the second lowest investment-grade score. The airline said…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.A small bistro patio set is the perfect backyard accessory, and sometimes you might find yourself wanting to take it with you to other outdoor events and gatherings. If you don’t have one that’s foldable, you may be out of luck, but fortunately, we found one on sale at Walmart that’s portable and easy to store.The Costway 3-Piece Folding Bistro Patio Set is only $80 right now during a surprise sale. With an original price of $179,…

Maelstrom, the family office of Arthur Hayes, has awarded the first grant from its Bitcoin developer program to contributor Rkrux. The funding will support Rkrux working full-time on Bitcoin Core.Bitcoin relies on voluntary developers to maintain its codebase as an open-source project. Maelstrom recently launched a grant program to encourage more full-time work on improving and contributing to Bitcoin’s core infrastructure.The first recipient is Rkrux, an emerging Bitcoin Core reviewer who completed Chaincode Labs’ FOSS program this year. The grant will enable Rkrux to quit his job and focus entirely on Bitcoin development.”One of the goals of the grant program…

Overcoming Fear and Greed: The Keys to Successful Trading Trading stocks, futures, or Forex can be a thrilling adventure, but it can also be fraught with emotions like fear and greed. Many traders find themselves stuck in a vicious cycle of market fluctuations, unable to shake off their emotions and make rational decisions. Fear can lead to impulsive decision-making, while greed can cause impatience, resulting in costly mistakes. In this article, we’ll delve into the negative effects of fear and greed in trading and provide tips on how to overcome these emotions, enabling you to make better, more profitable trading…

Cathie Wood’s Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Continues Offloading PalantirBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.On Monday, Cathie Wood-led Ark Invest made some significant trades. Notably, the firm bought shares of PayPal Holdings Inc (NASDAQ:PYPL) and Pinterest Inc (NYSE:PINS), while selling its stake in ARK 21Shares Bitcoin ETF (BATS:ARKB).The PayPal TradeArk Invest’s Fintech Innovation ETF (NYSE:ARKF) added 57,824 shares of PayPal, valued at approximately $4.5 million based on the closing price of $77.67. This move comes in the wake of analysts expressing diverse opinions…

In a recent transaction, Versant Venture Capital VI, L.P. and its affiliated entities have sold a substantial amount of Monte Rosa Therapeutics, Inc. (NASDAQ:GLUE) stock. The sale, which took place on September 20, 2024, involved the disposal of 1,132,566 shares of common stock at an average price of $6.5296 per share, resulting in a total transaction value of approximately $7.4 million. The shares were sold in multiple transactions with prices ranging from $6.30 to $6.80. Following the sale, Versant Venture Capital VI, L.P. reported ownership of 5,099,336 shares of Monte Rosa Therapeutics. It’s important to note that the entities involved…