Author: Anthony M. Orbison

By Milana Vinn and David French (Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the matter said on Saturday. The deal would mark TPG’s second such bet on a wealth manager within a week and underscores the burgeoning demand for dealmaking in the sector that generates lucrative fee income for managers. On Thursday, TPG clinched a deal to buy a minority stake in Homrich Berg. San Francisco-based TPG…

Este artículo también está disponible en español. Uniswap’s UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone. With the market’s renewed bullishness, UNI might be on the road for some gains in the short term.  Uniswap recently announced a development that may enhance user experience in using the platform altogether. Investors are excited as the platform continues to find innovative ways to improve user engagement.  Related Reading Gas Abstraction: A Leap…

The blasts could be heard throughout Beirut, an earth-shaking thunder that rolled across the city on Friday evening. For Doctor Jihad Saadeh, director of Lebanon’s largest public hospital, it was the beginning of a sleepless night full of carnage. Saadeh’s private clinic was just a few hundred metres away from the target of Israeli jets that dropped bombs on at least six residential buildings that collapsed before his eyes. Their aim was to kill Hassan Nasrallah, the leader of Hizbollah, who was confirmed dead on Saturday.“We saw the jets of red smoke shoot up into the sky, the buildings just…

Mark Zuckerberg is hitting back at a major concern many consumers have about most social media apps, including his own platforms. As consumers and lawmakers are starting to raise red flags about social media and the negative impact it can have on the declining mental health of young users, the billionaire CEO of  Meta Platforms  (META)  revealed in a recent interview with The Verge that he believes that there is “no causal connection” between the two.Related: Meta has spent millions on a controversial company perk Mark Zuckerberg loves“I think a lot of people take it as if it’s an assumed…

According to the data from Farside Investors, BlackRock purchased $184.4 million worth of Bitcoin (BTC), 2913 coins to be exact, on Wednesday, Sept. 25, 2024. The figure represents the highest amount of BTC purchased in a single day in September. The development also highlights the growing dominance of BTC-based exchange-traded funds (ETFs) in the US.Also Read: Cardano: What’s ADA’s Price If Its Market Cap Hits $500 Billion?Source: Farside InvestorsWith Wednesday’s $184 million BTC purchase, BlackRock’s total holdings have risen to 359,279 BTC, worth around $23 billion. The world’s largest asset manager, with nearly $10 trillion worth of assets under management,…

Volkswagen AG cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s profitability as it squares off with unions over possible job cuts and unprecedented plant closures.  The manufacturer said Friday that it now sees an operating margin of 5.6%. That’s down from a prediction of as much as 7% in July, when VW previously lowered its expectations, partly due to expected costs from closing an Audi plant in Belgium. Net cash flow in the automotive division is now expected to be less than half the level the company had foreseen. All three major…

ZURICH (Reuters) – UBS Chair Colm Kelleher warned on Sunday that the Swiss government’s plans to strengthen capital requirements for big banks could damage the country’s position as a financial centre. The government earlier this year laid out plans for tougher capital requirements for UBS and Switzerland’s three other big banks in a bid to make the financial sector more robust after the crash of Credit Suisse last year. In an article published in the Swiss newspaper SonntagsBlick, Kelleher said he agreed with most of the 22 recommendations in the government’s report, except for the proposal for more stringent capital…

TRON, stablecoin issuer Tether, and blockchain forensic firm TRM Labs have announced a strategic partnership on September 10, launching the T3 Financial Crime Unit (FCU). This unit is dedicated to combating illegal USDT transactions on the TRON blockchain. The partnership is aimed at identifying and dismantling criminal networks that exploit the popularity of USDT for […] The post TRON And Tether Unite To Fight Illegal USDT Transactions appeared first on CryptoCoin.News. Source link

Super Micro Computer (SMCI) got off to an incredible start this year as shares more than quadrupled from January to mid-March. This surge made Super Micro eligible for S&P 500 inclusion, with the technology hardware stock (with links to AI) being added to the index on March 18, 2024. In hindsight, that would have been a great time to take profits or Short the stock, as shares are down by more than 50% since then.One of the major developments has been the report by Hindenburg Research, which contained worrying allegations about the company’s financial reporting. In assessing those allegations along with Super Micro’s…

When Royal Caribbean and Inter Miami CF, a Major League Soccer team, partnered in August 2023, they promised to “create memorable experiences for families and fans everywhere, changing the game from ship to pitch around the world.”They have lived up to that promise by partnering with Make-A-Wish, the global nonprofit that creates life-changing wishes for children with critical illnesses. The cruise line and the soccer team granted the wishes of 23 kids during a four-day experience that took place on Saturday, Sept. 21, through Tuesday, Sept. 24, in South Florida.Related: Royal Caribbean explains its news strict multi-plug device banThe event was…