Finance

Finance

Ares Replaces Pop-Tarts Purveyor Kellanova on S&P 500

Photo via Liu Yanan / Xinhua News Agency/Newscom

Ares is a major player in the private-credit market, which is facing both a surge in popularity and mounting concerns.

2 min read

Photo via Dennis Van Tine/ZUMAPRESS/Newscom

Finance

JPMorgan Hires Vaunted Berkshire Stockpicker as Buffett’s Exit Spurs C-Suite Shakeup

On Monday Berkshire also announced that CFO Marc Hamburg, who has held the role for 40 years, plans to retire in June.

2 min read
Photo via Billy Tompkins/ZUMAPRESS/Newscom

Markets

State Regulators Bet on a Legal Difference Between Prediction Markets, Sports Gambling

Connecticut claims Kalshi, Robinhood and Crypto.com don’t have the proper licenses to handle sports wagers in the state.

2 min read
Photo via Thomas Imo/picture alliance / photothek.de/Newscom

Media & Entertainment

Netflix Is Buying Warner Bros. So Who Changes Whom?

A potential tie-up would come at an interesting crossroads for the theatrical industry and its longtime nemesis, Netflix.

2 min read

Finance

Low-Key $3T Investment Firm Is Ready for Its Closeup

Photo via Vernon Yuen/Nexpher Images/Sipa USA

In addition to its new team-up with KKR, the LA-based Capital Group is beginning to expand its ETF offerings.

2 min read

Photo via JOHN ANGELILLO/UPI/Newscom

Hedge Funds

Hedge Funds Start to Hedge Their AI Bets

Wall Street’s smart money is starting to take out some short positions on the AI trade, albeit mostly around the industry’s fringes.

2 min read
Photo via Stebo/ZUMAPRESS/Newscom

Banking

Leave the Swiss Alps for the US? That’s a Mountain Too High, UBS CEO says

These days, relations between the Swiss government and UBS are as cold as the La Brévine valley in December.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Ihor Lukianenko via iStock

Finance

Boom in Crypto Treasury Stocks Faces Inevitable Bust

Digital asset treasury companies are grappling with the law of diminishing returns in the midst of a cryptocurrency swoon. What’s next?

4 min read

Healthcare

Abbott Breaks into Lucrative Cancer Screening Market with $21 Billion Exact Sciences Purchase

Photo via Stacey Wescott/TNS/Newscom

Earlier this month, Exact reported a record $851 million in third-quarter revenue, which included $666 million from its screening business.

2 min read

Economics

A December Rate Cut? Economists Still Expect One. Markets, Not so Much

Photo via Kyodonews/ZUMAPRESS/Newscom

Just weeks ago viewed as all but certain, markets now figure the odds of an interest rate cut in December is no different than a coin flip.

2 min read

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