HIG Capital has completed the sale of ECI to Wind Point Partners. Based in New York, ECI is a managed services provider built specifically for alternative investment managers and investment banks.
The Internal Revenue Service’s Criminal Investigation unit issued a fraud alert Thursday warning about fraudsters who are targeting cryptocurrency holders with convincing fake IRS letters directing recipients to register for a nonexistent “Digital Asset Compliance Portal.” Processing Content IRS-CI noted that the letters do not come from the IRS, and the IRS doesn’t operate a…
The share price of Oracle (ORCL +2.83%) has plunged more than 60% from its 52-week high, and the stock currently trades at $136. This reflects investor concerns around the heavy capital spending to support the company’s data center build-out, but it’s difficult to overlook the level of demand in Oracle’s cloud business. Cloud revenue growth…
On July 6, Cathie Wood was busy with her Ark empire, selling several positions and buying others. One particularly notable trade reported on the day was Advanced Micro Devices (AMD +0.37%). Through Ark Innovation, Wood sold over 15,000 shares of AMD, which were valued at more than $8 million. That may seem like a cause…
I’m 42; Samuel Moyn is 54. When we talked about his new book, Gerontocracy in America, it felt less like an interview than a conversation between two people who’ve learned to live with the price of telling older, richer people something they don’t want to hear. Maybe Moyn was trying to give me advice when…
A new generation of robotics is powering up. How can leaders capture the value at stake while ensuring successful human–machine collaboration?
People are sick of AI; they’re sick of predictions that AI will take your job, and they’re sick of the supposedly smartest economists around failing to explain what is happening. Perfect timing, then, for a new theory that ties all of the threads together in an elegant explanation: AI isn’t wiping out jobs, but it…