Finance

M&A

Roche Elbows into Weight-Loss Drug Market Via M&A

Photo by Andres Ayrton via Pexels

Roche agreed Monday to acquire anti-obesity drug developer Carmot Therapeutics for an appetizing $3.1 billion.

2 min read

Photo via Connor Lin / The Daily Upside

Healthcare

Cigna, Humana Eyeing a Merger

In a bid to scale up against larger rivals, health insurance players Cigna and Humana are reportedly in talks over a possible merger.

1 min read
Photo by Tdorante10 via CC BY-SA 4.0

Banking

Barclays Wants to Ditch Thousands of its Clients

Barclays is considering a Marie Kondo approach to its investment banking business, potentially dropping thousands of clients.

2 min read
(Photo by lo lo on Unsplash)

Finance

Wall Street is Pricing in Interest Rate Cuts

Increasingly, Wall Street thinks we see rate cuts soon, according to a Wall Street Journal analysis published Monday.

2 min read

OP-ED | Power Corridor

‘If You’re So Smart, Why Aren’t You Rich?’

It sounds like something a gunslinging, billionaire hedge fund manager might say. And it is. Ray Dalio, founder of the highly secretive, $100 billion…

2 min read

Banking

Wells Fargo Gets Called Out for Lax Crime Prevention

(Photo by Griffin Wooldridge on Unsplash)

Watchdogs have been badgering Wells Fargo about its lackadaisical approach to monitoring and preventing financial crimes.

2 min read

Photo by the Center for American Progress Action Fund under CC BY-ND 2.0

Power Corridor

What’s Afoot At the FDIC?

It’s not every day that you wake up to headlines about one of the nation’s most staid-and-storied institutions – really, the cornerstone upon…

4 min read
Photo by Precious Madubuike on Unsplash

Patent Drop

JPMorgan Chase Fuels AI Ambitions With New Patent

JPMorgan Chase wants to be the finance industry’s AI frontrunner, filing patent after patent to secure its AI tech portfolio.

3 min read
(Photo by Kenny Eliason on Unsplash)

Banking

Banking’s Fantastic Four Grab a Bigger Share of Industry Profits

Of the roughly 4,400 operating banks in the US, nearly half of all banking profits in the third quarter came from just four.

2 min read

Finance

Berkshire Hathaway Has Built a Massive Mountain of Cash

(Photo Credit: Serba Sembilan/Unsplash)

Berkshire Hathaway’s third-quarter earnings report on Saturday revealed how Warren Buffett weathered the past three months.

2 min read

OP-ED | Power Corridor

SBF’s Own Words Prove His Downfall

For Sam Bankman-Fried, the former chief executive of bankrupt cryptocurrency exchange FTX, it is safe to say his gift of gab – which briefly…

2 min read
Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0

Power Corridor

Fed’s Tea Leaves Get Murkier

The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in…

2 min read
(Photo by Edgar on Unsplash)

Banking

Low Deal Flow Means Lower Bonuses for Wall Street

After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.

1 min read

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