new york - CybAI news

16 Aug

Gold, Bitcoin, NVIDIA … Veganism? Why There’s Now an ETF for Seemingly Everything

stp2y0 CommentsRAG modelsbitcoin, business, ETF, Generic 1st 'BO' Future, Generic 1st 'GC' Future, Markets, Mutual Funds, new york, NVIDIA CORP, S&P 500 INDEX, stocks, Technology, the-big-take, US Securities and Exchange Commission

The market for ETFs is nearly 13 trillion dollars – and growing. But just what goes into an ETF? And why did they get so popular? Source link lol

16 Aug

Jefferies Says It Was Shortchanged on Fee in Rubicon SPAC Deal

stp2y0 CommentsRAG modelsHenry Roberts Kravis, JEFFERIES FINANCIAL GROUP IN, Manhattan, Markets, new york, RUBICON TECHNOLOGIES INC, software, supreme court, Technology, UBER TECHNOLOGIES INC, US Securities and Exchange Commission

Jefferies Financial Group Inc. sued a company acquired in a blank-check merger, claiming it received stock now worth only about $40,000 instead of a promised $7 million underwriting fee.In a suit filed Thursday in New York, Jefferies said Rubicon Technologies Inc. violated an agreement to pay the fee in either cash or freely tradable shares. Instead, Rubicon allegedly paid Jefferies in restricted shares with a current market value much lower than the agreed fee. Source link lol

16 Aug

EQT to Buy Online Property Firm PropertyGuru for $1.1 Billion

stp2y0 CommentsRAG modelsCAPITAL ASIA, EQT AB, KKR & CO INC, Malaysia, new york, Private Equity, PROPERTYGURU GROUP LTD, Singapore, Southeast Asia, Technology, TPG INC

EQT AB agreed to buy New York-listed PropertyGuru Group Ltd. in an all-cash deal valuing the online property search company at $1.1 billion.The agreement amounts to $6.70 per share — a 52% premium to PropertyGuru’s close on May 21, which the company said was the last unaffected day of trading before reports on a potential transaction, according to a statement on Friday. Bloomberg News reported at the time that KKR & Co. and TPG Inc., which together own about 56% of PropertyGuru, were working with an adviser to gauge interest from investors in a buyout. Source link lol

16 Aug

Software Firm AvePoint Said to Weigh Second Listing in Singapore

stp2y0 CommentsRAG modelsCapital Markets, infrastructure, IPOs, JARDINE MATHESON HLDGS LTD, New Jersey, new york, Singapore, software, Southeast Asia, Technology, TOP GLOVE CORP BHD

AvePoint Inc. is considering a second listing in Singapore, people with knowledge of the matter said, in a deal that would bring the US infrastructure software firm a step closer to some of its backers in Southeast Asia.AvePoint, which counts Singapore’s 65 Equity Partners among its investors, is working with advisers on a possible listing, the people said, asking not to be identified as the matter is private. The potential capital markets transaction could take place as early as in the next 12 months, the people said. Source link lol

15 Aug

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

stp2y0 CommentsRAG models3M CO, canada, CHEVRON CORP, Government, green, industries, new york, Singapore, SVANTE TECHNOLOGIES INC, Technology, UNITED AIRLINES HOLDINGS INC, Valuation, Vancouver

Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology.Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon dioxide out of the air and concentrate it for other uses. The Canadian government’s Canada Growth Fund has agreed to inject $50 million through a convertible note, with a further $50 million potentially available for future projects. Source link lol

15 Aug

Grab Revenue Misses Estimates in Sign Turnaround Still Fragile

stp2y0 CommentsRAG modelsAsia, Earnings, Indonesia, Interest Rates, new york, Peter Oey, Southeast Asia, startups, Taxes, Technology, UBER TECHNOLOGIES INC

Grab Holdings Ltd. shares slumped after the ride-hailing company reported quarterly revenue growth that trailed estimates, highlighting intense competition in the Southeast Asian market.The stock slid 10% in pre-market trading in New York after the company said revenue rose 17% to $664 million in the three months through June, missing the $676.9 million analysts predicted on average. Adjusted earnings before interest, taxes, depreciation and amortization were $64 million, roughly in line with estimates. Source link lol

15 Aug

Cisco Gives Upbeat Sales Forecast Even as It Cuts Jobs

stp2y0 CommentsRAG modelsartificial intelligence, Chuck Robbins, CISCO SYSTEMS INC, cybersecurity, investing, jobs, new york, R Scott Herren, software, Technology, UPBEAT

Cisco Systems Inc., the biggest maker of computer networking equipment, gave a bullish revenue forecast for the current period thanks to a rebound in orders, but announced plans to cut thousands of jobs as part of a strategy shift. Sales will be $13.65 billion to $13.85 billion in the fiscal first quarter, which ends in October, the company said in a statementBloomberg Terminal Wednesday. Analysts had estimated a number at the very low end of that range. Source link lol

15 Aug

Google Says Iranian Group Seeks Access to Biden-Trump Campaign Emails

stp2y0 CommentsRAG modelsALPHABET INC-CL A, ANALYSIS GROUP, Donald John Trump, Federal Bureau of Investigation, Government, Iran, joe biden, Kamala D Harris, MICROSOFT CORP, new york, Technology

NEW YORK (AP) — Google said Wednesday that an Iranian group linked to the country’s Revolutionary Guard has tried to infiltrate the personal email accounts of roughly a dozen people linked to President Joe Biden and former President Donald Trump since May.The tech company's threat intelligence arm said the group is still actively targeting people associated with Biden, Trump and Vice President Kamala Harris, who replaced Biden as the Democratic candidate last month when he dropped out. It said those targeted have included current and former government officials, as well as presidential campaign affiliates. Source link lol

14 Aug

Online Brokerage Popular With Young Koreans to Set Up Shop in US

stp2y0 CommentsRAG modelsAPEX FINTECH SOLUTIONS LLC, environment, fintech, new york, NVIDIA CORP, retail, South Korea, startups, stocks, Technology, VELOCITY CLEARING LLC

Toss Securities Co., one of South Korea’s leading platforms for trading US stocks, is setting up a New York subsidiary this year as more Korean retail investors pour money into US equities.The brokerage arm under Korean fintech leader Viva Republica Co. is seeking to outrun larger incumbents in US stock trades. Toss Securities was first in the country to adopt real-time fractional trading for US equities in 2022, and that practice, which allows investors to buy a sliver of a $116 Nvidia Corp. share, has won over young retail investors. Source link lol

14 Aug

FanDuel-Parent Profit Beats, Won’t Match DraftKings Surcharge

stp2y0 CommentsRAG modelsDRAFTKINGS INC-CL A, Earnings, FLUTTER ENTERTAINMENT PLC-DI, Illinois, industries, IPOs, london, Mergers, new york, social media, Taxes, Technology

Flutter Entertainment Plc shares soared as much as 11% in extended trading after the company, the operator of the FanDuel online sportsbook, reportedBloomberg Terminal second-quarter sales and profit that beat analysts’ expectations.Flutter, which recently moved its stock listing to the New York Stock Exchange from London, generated revenue of $3.61 billion in the quarter, exceeding estimates of $3.37 billion. Adjusted earnings rose to $2.61 a share, exceeding expectations of $1.70. Source link lol