Author: Press Room
Twenty years after Dan Niles started running his tech-focused portfolio at Lehman Brothers, he’s looking to grow.Niles, a longtime money manager running the Satori Fund and a frequent market commentator, has only recently taken over the fund entirely. After the collapse of Lehman Brothers, which the fund was a part of, Niles spun the fund out. His most recent partner was a third-party fund administrator, which didn’t have any marketing capabilities.Now, under a new brand — Niles Investment Management — and with the current market environment, Niles is eyeing hundreds of millions in new capital for the fund. The fund…
You may never have thought of or heard about the food additive glycine, but it’s all Gen Z can talk about on TikTok.That’s because a glycine manufacturing company in China called Donghua Jinlong Chemical has shown up in people’s For You feeds thanks to its high-energy videos advertising the mundane compound — a tiny molecule found in foods like plain-old tofu — and people cannot look away.Glycine is an amino acid produced by the human body and naturally occurs in some foods. Synthetic versions can also be added to food products and supplements. Research published by the National Library of…
Dear readers/followers, In this article, I mean to follow up on Carl Zeiss Meditec, a company in the medtech field. It’s been about 3-4 months since my last update on the business, an article that you can find here. Since that article, the company has underperformed – but this does not really bother me, as you might expect. My thesis at the time was that the company would eventually overcome the margin-related headwinds and destocking issues in China that they had been facing. This has, unfortunately, not yet, been the case. The stock is down around 2.5% since my last…
The first humanitarian aid to reach Gaza by sea via a US-built floating pier arrived on Friday after shipments over land have frequently been impeded by Israeli restrictions and protests by members of the country’s far right.The new aid route has drawn criticism from aid groups, however, that say it is costly and limited in capacity to help Gazans facing acute food shortages, compared with far more efficient land routes.The arrival follows two months of work by US forces at a cost of about $320mn and forms part of a larger maritime corridor between Cyprus and Gaza that aims to…
The US State Department issued a worldwide security alert on Friday due to the potential for terrorist attacks against LGBTQI+ people and events. “Due to the potential for terrorist attacks, demonstrations, or violent actions against U.S. citizens and interests, the Department of State advises U.S. citizens overseas to exercise increased caution. The Department of State is aware of the increased potential for foreign terrorist organization-inspired violence against LGBTQI+ persons and events and advises U.S. citizens overseas to exercise increased caution,” the alert read. The alert comes two weeks before Pride Month begins on June 1. The department warned US citizens…
The leading edge of Gen X and the youngest Baby Boomers are staring down a short road toward retirement. Some are starting to hear tales from those who have crossed over to the other side — from full-time professional to full-time retiree — and wondering how they will hack life after work. Shaking his head and looking off to some distant point, Dan, a recently retired 62-year old, remarks, “It just freaks me out.” Somewhat amused, I ask, “What does?” Dan’s head whips back around toward me and exclaims, “Time! I never knew how much time I would have in…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 24, which is unchanged from yesterday. Additionally, the interest rate on a 30-year fixed-rate mortgage is 7.500%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Major changes announced by Visa this week mean Americans will soon not need to carry around as many credit and debit cards. During Visa’s annual Payments Forum in San Francisco on Wednesday, the company unveiled its new Visa Flexible Credential, which will allow customers to use a single card to access payment options from multiple credit and bank accounts, and even “Buy Now Pay Later” plans when making a purchase. Visa’s flexible payment option is already available in Asia, and the company will begin rolling it out in the U.S. later this year.The card giant also said it will be…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3- and 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender…
Check out the companies making headlines in midday trading: GameStop — Shares tumbled 25% after the video game retailer said it plans to sell up to 45 million class A common shares in an at-the-market offering. The sale comes after GameStop shares surged earlier this week in a brief revival of the meme-stock trade. The company on Friday also reported preliminary results that showed a drop in first-quarter sales. GameStop is up only 16% this week. Reddit — The social media stock popped 12% after Reddit announced a partnership with OpenAI. Reddit will gain certain artificial intelligence features through the…
