Starboard Value, an activist fund led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk, reportedly valued at around $500 million. The fund has engaged in discussions with Autodesk’s board regarding several serious concerns related to the company’s disclosures concerning an internal investigation that resulted in the removal of its chief
Finance
In a market where concentration risk is a growing concern among investors, the need for a more diversified approach has never been more essential. Phil McInnis, the chief investment strategist at Avantis Investors, believes that investing in value-oriented funds can offer better returns in the long run compared to traditional index funds like the S&P
Corporate expenses and the misuse of funds have been a longstanding issue for many companies, leading to a lack of trust in employees’ judgment. However, CleverCards, a Dublin-based startup, is on a mission to change this narrative by introducing a digital platform that offers companies complete control over their employees’ spending habits. This article delves
The financial technology industry has experienced a significant shift in valuations, with industry executives and investors indicating that the sector has reached a “bottom.” The days of exorbitant venture capital flowing into startups with ambitious ideas but lacking solid business metrics are long gone. According to Iana Dimitrova, CEO of OpenPayd, the market has undergone
The recent sell-off in GameStop shares has intensified, coinciding with a spike in trading volume of call options owned by the meme stock leader known as “Roaring Kitty”. This individual, whose real name is Keith Gill, disclosed his portfolio on Monday night, revealing that he still held 120,000 call options contracts with a strike price
The Federal Reserve announced on Wednesday that it will be keeping its key interest rate unchanged, signaling that only one cut is expected before the end of the year. The Federal Open Market Committee policymakers have taken two rate reductions off the table from the three that were indicated in March, in a move that
Foundation Robotics Labs, a humanoid robotics startup, has been making bold claims about their ties and imminent investment from General Motors, but these claims have been refuted by the automaker. The company is currently seeking the final $1 million in funds for an $11 million seed round, and their investor pitch included assertions of GM’s
Apple device users will soon have access to buy now, pay later loans through Affirm, as announced by both companies. This collaboration is set to enhance the payment options available to iPhone and iPad users in the U.S. by integrating Affirm into Apple Pay later this year. The introduction of this feature aims to combine
As we navigate through the current state of the stock market, it is crucial to understand the key elements that have historically led to market crashes. Firstly, a bubble-like stock market is often a breeding ground for crashes. The Panic of 1907 and the crash of 1929 both followed significant rallies in the Dow Jones
The CEO of an alternative trading platform, Kelly Rodriques, is on a mission to revolutionize private equity investing. His partnership with Accuidity has led to the launch of the Forge Accuidity Private Market Index, aimed at giving more investors easier access to unicorns. Rodriques believes that this initiative signifies a major financial innovation that is