Starboard Value, the activist fund led by Jeff Smith, recently acquired a significant stake in graphics-design firm Autodesk. The fund has engaged in discussions with the company’s board regarding various serious concerns related to its disclosures concerning an internal investigation that ultimately led to the removal of its CFO. The internal investigation carried out by
Finance
As investors continue to navigate the current market landscape, concerns around concentration risk have been at the forefront. In such times, looking beyond traditional index funds like the S&P 500 could be the key to achieving better returns in the long run. According to Phil McInnis, the chief investment strategist at Avantis Investors, a more
A Dublin-based startup, CleverCards, has recently secured 8 million euros in funding to combat the abuse of corporate expenses by employees. This funding comes at a time when the financial technology industry is experiencing a slowdown in investments. CleverCards utilizes a digital platform linked to configurable expense cards to provide companies with control over how
In recent years, the financial technology industry has undergone significant changes, with many industry insiders believing that the sector has reached a “bottom.” The days of exuberant valuations and excessive venture capital funding for startups with unproven business models seem to be a thing of the past. Iana Dimitrova, CEO of embedded finance startup OpenPayd,
Foundation Robotics Labs, a startup aiming to revolutionize the robotics industry, has come under scrutiny for making bold claims in its investor pitch. The company allegedly asserted close ties and an impending investment from General Motors (GM), along with commitments from other notable investors like Tribe Capital. The fundraising document mentioned that GM had agreed
The Federal Reserve recently decided to keep its key interest rate untouched and hinted that a single cut can be expected before the end of the year. While many were hoping for a more lenient central bank approach, the policymakers steered away from the possibility of two rate reductions, as previously indicated in March. The
The sell-off in GameStop shares on Wednesday was accompanied by a spike in trading volume in the call options that meme stock leader “Roaring Kitty” owns. This intensified sell-off saw GameStop calls with a strike price of $20 and an expiration date of June 21 trading a whopping 93,266 contracts, more than nine times its
Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday. Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year, the San Francisco-based fintech company said in a filing. Apple confirmed the news in
As a renowned expert in stock market crashes, the question of when the next crash will occur is a common one. A crash is typically the result of several key elements aligning in the market. Firstly, a frothy stock market tends to precede a crash. Historical data shows that some of the biggest crashes followed
The CEO of an alternative trading platform, Kelly Rodriques, is on a mission to transform the world of private equity investing. Partnering with Accuidity, he introduced the Forge Accuidity Private Market Index earlier this year with a vision to enhance the accessibility of unicorns for a larger pool of investors. In a recent interview on