Aggregation

U.S. Inflation Surges at Highest Rate Since 1982
The Economy

U.S. Inflation Surges at Highest Rate Since 1982

The 7% increase in the CPI last month indicates there is "still tremendous momentum when it comes to inflation right now."
By Matthew Heller | January 12, 2022
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Citadel Gets $1.1B in First Outside Investment
Credit & Capital

Citadel Gets $1.1B in First Outside Investment

The deal with VC firm Sequoia Capital and crypto investor Paradigm may set the stage for Citadel to expand into digital assets.
By Matthew Heller | January 12, 2022
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World Bank Cuts 2022 Global Growth Forecast
The Economy

World Bank Cuts 2022 Global Growth Forecast

“There is a pronounced slowdown underway. Policy support is being withdrawn and there is a multitude of risks ahead of us.”
By Matthew Heller | January 11, 2022
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Intel Taps Micron’s Zinsner as New CFO
People

Intel Taps Micron’s Zinsner as New CFO

David Zinsner will join Intel as it seeks to "build out more manufacturing capabilities and regain its position as the world’s dominant chipmaker."
By Matthew Heller | January 11, 2022
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Take-Two Buys Zynga in $11B Mobile Play
Technology

Take-Two Buys Zynga in $11B Mobile Play

The deal positions the maker of Grand Theft Auto to become a leader in the fastest-growing segment of the video gaming industry.
By Matthew Heller | January 10, 2022
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U.S. Adds Only 199,000 Jobs in December
The Economy

U.S. Adds Only 199,000 Jobs in December

Economists see low unemployment and high labor-force participation as signs of labor market strength heading into 2022.
By Matthew Heller | January 7, 2022
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Three Charged in $4.7M Insider Trading Case
Risk & Compliance

Three Charged in $4.7M Insider Trading Case

The SEC says David Schottenstein and two of his close friends traded in advance of announcements involving companies with which his family was associated.
By Matthew Heller | January 7, 2022
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Activist Calls for Zendesk to Scrap Momentive Deal
M&A

Activist Calls for Zendesk to Scrap Momentive Deal

Zendesk should not waste "more time and more shareholder capital on a value-destroying acquisition that is destined to be rejected by shareholders."
By Matthew Heller | January 6, 2022
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Fed Minutes Show Heightened Inflation Concerns
The Economy

Fed Minutes Show Heightened Inflation Concerns

"It may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated.”
By Matthew Heller | January 6, 2022
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COVID-19 Costs Insurance Sector $44 Billion
Risk Management

COVID-19 Costs Insurance Sector $44 Billion

Initial projections of more than $100 billion in losses now look "improbable," in part due to COVID exclusions in many P&C policies.
By Matthew Heller | January 5, 2022
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SEC Allows Apple Shareholder Vote on NDAs
Risk & Compliance

SEC Allows Apple Shareholder Vote on NDAs

An activist investor has proposed that Apple's board review the company's use of non-disclosure agreements and other concealment clauses.
By Matthew Heller | December 23, 2021
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Thieves Nab $100M in Pandemic Relief Funds
Risk & Compliance

Thieves Nab $100M in Pandemic Relief Funds

The Secret Service says funds from CARES Act programs including the PPP were stolen by individuals and organized criminal networks worldwide.
By Matthew Heller | December 22, 2021
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Nikola Fined $125M for Investor Fraud
Risk & Compliance

Nikola Fined $125M for Investor Fraud

The SEC says the electric vehicle maker misled investors about key aspects of its business, including its technology and a partnership with General Motors.
By Matthew Heller | December 21, 2021
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Walmart Sued for Illegal Toxic Waste Disposal
Risk & Compliance

Walmart Sued for Illegal Toxic Waste Disposal

California officials allege the retail giant unlawfully disposes of more than one million items of hazardous waste each year in the state.
By Matthew Heller | December 21, 2021
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Oracle to Buy Cerner in $28B Health Care Play
M&A

Oracle to Buy Cerner in $28B Health Care Play

“Both Microsoft and Oracle, analysts say, see the huge health care market as a path to strengthening their positions in the cloud business.”
By Matthew Heller | December 20, 2021
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