Jefferies CEO says bank was defrauded by auto parts maker First Brands Reuters Jefferies was ‘defrauded’ by First Brands, says chief executive Financial Times Jefferies Stock Drops 9% Amid Questions on First Brands The Wall Street Journal Why Jefferies (JEF) Shares Are Plunging Today Yahoo Finance Top investment bank CEO says he was ‘defrauded’ by the bankruptcy that’s rattling Wall Street. Famous shortseller sees …
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Swiss Army Knife maker tries new tools to blunt Trump tariff blow – Reuters
Swiss Army Knife maker tries new tools to blunt Trump tariff blow Reuters Swiss government slashes growth outlook as Trump tariffs put ‘heavy burden’ on economy CNBC Trump tariffs: Swiss companies target alternative export markets BBC In Switzerland, US tariffs are leaving industries at a loss Le Monde.fr Swiss GDP still expected to grow by 1.3% in 2025 breakingthenews.net Source link
Read More »How U.S. Pressured Netherlands to Oust CEO of Chinese-Owned Chip Maker – The Wall Street Journal
How U.S. Pressured Netherlands to Oust CEO of Chinese-Owned Chip Maker The Wall Street Journal How a Dutch chipmaker got caught up in the US-China tech war CNN Europe needs a better chip strategy Financial Times China Puts Export Controls on Nexperia After Dutch Takeover Bloomberg.com Why has Dutch government taken control of China-owned chipmaker Nexperia? Al Jazeera Source link
Read More »Smart ring maker Oura raises $900M from Fidelity
Finnish health tech company Oura has raised $900 million in fresh funding led by Fidelity Management & Research Company, with participation from new investor ICONIQ and contributions from Whale Rock and Atreides. The company said today that this funding will value it at “approximately $11 billion,” more than double the valuation it received for its last round in December. Bloomberg …
Read More »NSO to be acquired by U.S. investors, ending Israeli control of Pegasus maker
Control of NSO Group is set to leave Israeli hands. A group of American investors led by Hollywood producer Robert Simonds has agreed to acquire the controversial spyware developer in a deal valued at several tens of millions of dollars. The transaction is expected to be signed in the coming days, though its completion will require approval from Israel’s Defense …
Read More »Spyware maker NSO Group confirms acquisition by US investors
Israeli spyware maker NSO Group has confirmed to TechCrunch that a U.S. investment group has acquired the company. NSO spokesperson Oded Hershowitz told TechCrunch on Friday that “an American investment group has invested tens of millions of dollars in the company and has acquired controlling ownership.” Confirmation of the deal came soon after Israeli tech news website Calcalist reported Friday …
Read More »First Brands: why a maker of spark plugs and wiper blades has Wall Street worried | Business
Financial problems at the maker of spark plugs, wiper blades, brake calipers, brake shoes, tow hitches and motor oil has caused intense anxiety on Wall Street in recent weeks. Car parts are not usually something that causes finance chiefs to lose much sleep. But the potentially multi-billion dollar financial crisis surrounding First Brands has them rattled. As ever in finance, …
Read More »NFL DFS picks: Chiefs vs. Jaguars fantasy lineup advice, Monday Night Football projections for DraftKings, Fanduel from Millionaire Maker contest winner
The Week 5 NFL schedule wraps up with an AFC showdown between the Kansas City Chiefs and Jacksonville Jaguars on ‘Monday Night Football.’ The MNF NFL DFS player pool will feature high-end, proven fantasy options, mixed with young, high upside players, meaning there will be plenty of tough decisions to be made when building NFL DFS lineups. Should perennial Pro …
Read More »OpenAI’s Sora app from ChatGPT maker tests limits of copyright
Sam Altman singing in a toilet. James Bond playing Altman in high-stakes poker. Pikachu storming Normandy’s beaches. Mario jumping from his virtual world into real life. Those are just some of the lifelike videos that are rocketing through the internet a day after OpenAI released Sora, an app at the intersection of social media and artificial intelligence-powered media generation. The …
Read More »An MIT roboticist who cofounded Roomba maker iRobot says Elon Musk’s vision of humanoid robots as catchall assistants is ‘pure fantasy thinking’
While investors are busy pouring billions of dollars into humanoid robots, an MIT roboticist who has been making robots for three decades claims they are wasting their money. Rodney Brooks, the cofounder of Roomba vacuum creator iRobot, said the idea of humanoid robots as catchall assistants, the future Elon Musk envisions, is “pure fantasy thinking,” in part because robots are coordination-challenged. …
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