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Tesla is having another chaotic year — these are the biggest challenges Tesla has faced so far in 2019 (TSLA)

This year presented an opportunity for Tesla to build on last year's positive developments and move away from the chaos that characterized 2018. But so far, little has changed in 2019. Even celebratory announcements, like the introduction of the $35,000 version of the Model 3 sedan and the unveiling of the Model Y SUV, have been accompanied by concerns about their implications. If the first three months of 2019 are any indication, Tesla is set for another eventful, turbulent year. In 2018, th...
Tags: SEC


Fiera Capital to buy Integrated Asset Management

Fiera Capital Corp said March 22 that it agreed to buy Integrated Asset Management Corp. The equity value of the deal is $74 million. Integrated, of Canada, is an alternative asset manager. PRESS RELEASE TRANSACTION COMPLEMENTS EXISTING SUITE OF PRIVATE ALTERNATIVE INVESTMENT STRATEGIES, ADDING OVER $3 BILLION IN AUM AND COMMITTED CAPITAL • Transforms Fiera Private Lending into a leading pan-Canadian non-bank private lending platform • Accelerates Fiera Properties growth with a complementary nic...
Tags: Financial Services, PE Deals, SEC, IAM, UK, IOM, FSZ


Oracle quietly held a round of layoffs this week (ORCL)

Oracle laid off an unspecified number of people this week. The cuts happened across the company but they also occurred in a segment of Oracle's cloud business, according to online chatter. This is not unusual for Oracle, which has held major layoffs every year.  Oracle laid off an unspecified number of people this week. The company did not formally announce its restructuring plans, including any indication how many jobs it would peel, and made no mention of the planned cuts when it reported e...
Tags: Utah, Trends, New Hampshire, Larry Ellison, SEC, Ibm, Silicon Valley, Bill, Johnson, Oracle, Sap, McDonald, GAAP, Don Johnson, Bill McDermott, Deborah Hellinger


Moonrise Capital raises $105.7 mln for venture-capital fund

Moonrise Capital has raised $105.7 million toward a China-focused venture-capital fund, according to a filing with the SEC. The fund – Moonrise China Partners I – has a target of $125 million. Twenty-seven LPs contributed capital The firm was founded by Donald Pascal, formerly CEO of Commonfund Capital. The filing is available here.    
Tags: China, Trends, SEC, Funds, Moonrise Capital, Moonrise China Partners, Donald Pascal


A Tesla analyst who just toured the electric-car maker's California and Nevada factories reveals what he saw (TSLA)

Tesla has faced a host of challenges in recent months. But one optimistic analyst who toured Tesla's Fremont, California, plant and its Nevada Gigafactory in recent days is doubling down on his bull thesis. Wedbush analyst Dan Ives described his time at the factories to Markets Insider, and explained why he walked away feeling optimistic about the company's direction.  Watch Tesla trade in real-time. Dan Ives really likes Tesla . He and his fellow Wedbush analyst Strecker Backe, along with...
Tags: Europe, Elon Musk, Wtf, California, China, US, Trends, Tesla, TSLA, SEC, Nevada, Morgan Stanley, Securities And Exchange Commission, Musk, FREMONT, Wedbush


Founders Circle Capital is raising a second opportunities fund

Founders Circle Capital, a San Francisco, CA firm that buys secondary deals in late-stage companies, is raising a second opportunities fund according to a document with the SEC. The total offering size listed on the filing is indefinite. First sale was not yet reported. The firm previously has raised $403 million across two funds. Founders Circle has invested in startups like the Dollar Shave Club, Twilio and AppDynamics by purchasing stock from founders and employees of these companies. ...
Tags: San Francisco, Trends, Founders Circle Capital, SEC, Funds, Founders Circle


Grimes speaks out about her feelings for Elon Musk and what it's been like since his 'funding secured' scandal

Grimes was featured in a profile for WSJ Magazine ahead of the release of her newest album. In the interview, Grimes discussed her relationship with Tesla CEO Elon Musk, who she referred to as a "super-interesting goddamn person." Grimes said it was "disturbing" to see how much attention she garnered from a since-deleted tweet from last year, in which she wrote that Musk hasn't prevented Tesla employees from unionizing. Grimes declined to comment on her feud with singer Azealia Banks that stem...
Tags: Elon Musk, Banks, China, Los Angeles, Trends, Tesla, Azealia Banks, Shanghai, Nintendo, SEC, Fox News, Grimes, WSJ, Musk, Tesla Gigafactory, Securities Exchange Commission


Bill Gates is $9.5 billion richer than he was a year ago, worth over $100 billion, but not just from Microsoft (MSFT)

Bill Gates is one of the world's biggest philanthropists who has given away billions of dollars of his money. That's why so many people think that Gates' personal wealth is shrinking as he gives his money away. But it isn't. Gates is astoundingly rich and getting richer all the time. And he just joined a two-man club of people worth more than $100 billion. Bill Gates is one of the world's biggest philanthropists. He and his wife Melinda have given away a whopping $45.5 billion...
Tags: Facebook, Microsoft, Satya Nadella, Trends, Bill Gates, SEC, Warren Buffett, Bill, Seattle, Gates, Samsung Galaxy, Bill Melinda Gates Foundation, Melinda Gates Foundation, Melinda, Charles Simonyi, Michael Larson


JMP Group sells 50.1 pct of JMP Credit Advisors to Medalist Partners

JMP Group LLC said March 20 that it sold 50.1 percent of JMP Credit Advisors LLC to Medalist Partners LP and 4.9 percent to management employees. JMP Group will retain 45 percent. JMPCA was renamed Medalist Partners Corporate Finance LLC. Based out of Atlanta, Medalist Partners is an RIA that manages three CLOs with $1.2 billion in combined assets. PRESS RELEASE SAN FRANCISCO–(BUSINESS WIRE)–JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today t...
Tags: Trends, M&a, BNP Paribas, SEC, Financial Services, Jmp, JMP Securities, U S Securities and Exchange Commission, RIA, Dechert LLP, Analysis of Financial Condition, HCAP, JMP Securities LLC, SAN FRANCISCO BUSINESS WIRE JMP Group LLC NYSE, JMP Group, JMP Credit Advisors


A former Tesla investor explains why he thinks Elon Musk is the wrong person to lead the company, why he dumped the stock, and what he’s now buying instead (TSLA)

Tesla's Feb. 28 announcement that it will close all physical stores was so unexpected that it prompted one registered investment advisor to dump its entire stake in the company.  Tesla has since reversed its decision, but Alex Chalekian — the CEO of Lake Avenue Financial — still feels it's not in the best interests of his clients to hold the company's shares.  In an interview with Business Insider, he outlined the issues he has with Tesla and Elon Musk, and where his firm is investing instead....
Tags: Spacex, Elon Musk, Trends, Tesla, TSLA, SEC, Fintech, Musk, El Chapo, Northern Trust, John Chen, Tesla The Boring Company, Alex Chalekian, Lake Avenue Financial, Chalekian, Pyramid Technology


Theranos founder Elizabeth Holmes used a deep baritone voice at almost all times, but former insiders say it was faked

Elizabeth Holmes, founder of the blood-testing startup Theranos, is the subject of a new HBO documentary called "The Inventor: Out for Blood in Silicon Valley." The coverage of Holmes — including the HBO documentary, a nonfiction book, and a podcast series — offer a fascinating look at Holmes, who successfully convinced investors that Theranos had working technology and accurate results, when it did not.  Of special note is the mystery around Holmes' baritone speaking voice, which Theranos i...
Tags: Apple, Hbo, Steve Jobs, Trends, SEC, Silicon Valley, Department Of Justice, Abc News, Wall Street Journal, Theranos, Elizabeth Holmes, State, Holmes, John Carreyrou, Henry Draper, Harry Kissinger Holmes


Business briefly: US stocks give up an early rally; JLL buys HFF in Texas

U.S. stock indexes closed mostly lower Tuesday after a late-afternoon splash of selling erased early gains, ending a weeklong rally. Banks accounted for much of the decline, along with utilities and industrial companies. Those losses offset gains in health care, technology and consumer products stocks. The S&P 500 index slipped 0.37 points, or 0.01 percent, to 2,832.57. The Dow Jones Industrial Average dropped 26.72 points, or 0.1 percent, to 25,887.38. The Nasdaq composite gained 9.47 points, o...
Tags: Europe, Business, Elon Musk, Texas, US, Tesla, Sport, Chicago, Soccer, Treasury, Manhattan, Dallas, SEC, Securities And Exchange Commission, Musk, Commercial Real Estate


Cresset Asset buys Evanston Advisors

Cresset Asset Management said March 19 that it acquired Evanston Advisors. Financial terms weren’t announced. Evanston is an RIA with more than $500 million in client assets under management. PRESS RELEASE CHICAGO–(BUSINESS WIRE)–Cresset Asset Management (“Cresset”) announced today the acquisition of Evanston Advisors (“Evanston”), a Chicago-area SEC Registered Investment Advisor (“RIA”). This exciting partnership enhances Cresset’s ability to serve clients in the Chicago market and across the g...
Tags: Trends, Chicago, Dave, M&a, SEC, Financial Services, Evanston, Becker, Dave Jackson, RIA, Stein, Cantrell, Avy Stein, Eric Becker, Cresset Partners, Cresset


Tesla factory workers took twice as many days off last year than in 2017 because of injury or sickness (TSLA)

Workers at Tesla's auto plant spent twice as many days away from their jobs due to work-related injuries and illnesses, after adjusting for workforce growth, in 2018 than in 2017, Bloomberg reports, citing a report Tesla filed with the Occupational Safety and Health Administration. While the total number of injuries from Fremont employees increased by around 28%, the rate of injuries per hour worked was about the same as in 2017, according to Bloomberg. A Tesla representative told Business Ins...
Tags: Elon Musk, China, Trends, Tesla, Bloomberg, SEC, Fiat Chrysler, FREMONT, Shelby, OSHA, Occupational Safety and Health Administration, Ford General Motors, Fremont California, Occupational Safety and Health Administration OSHA, Bloomberg Tesla, Bloomberg Read


Green Visor Capital to raise $100 million venture-capital fund

Green Visor Capital has set out to raise a $100 million third venture-capital fund, according to a filing with the SEC. The San Francisco firm focused on fintech did not report a first close. The filing is available here.    
Tags: San Francisco, Trends, SEC, Funds, Green Visor Capital


The SEC calls for new contempt sanctions for Elon Musk

US financial regulator has called for sanctions after Mr Musk tweeted without seeking Tesla's approval.
Tags: Business, Elon Musk, US, Tesla, SEC, Musk


Tesla is delaying a 3% price increase until Wednesday (TSLA)

Tesla is delaying a 3% price increase on its vehicles until Wednesday, the automaker said on Tuesday. The delay resulted from "unusually high volume," Tesla said. The price increase will take place at midnight on Wednesday. The price increase applies to all vehicles except the $35,000 version of the Model 3 sedan and the upcoming Model Y SUV. Tesla is delaying a 3% price increase on its vehicles until Wednesday, the automaker said on Tuesday. The delay resulted from "unusually high volume," T...
Tags: Elon Musk, Trends, Tesla, SEC, Trump


Nobody wants a Bitcoin ETF because cryptocurrency ‘has no intrinsic value’

We’re going to have to take a step back and rethink the whole “Bitcoin exchange traded funds (ETFs) are coming” trope. In February earlier this year, the Securities and Exchange Commission (SEC) put out a solicitation request opening the floor for the public to comment and provide their thoughts on the possibility of allowing a regulated and recognized Bitcoin ETF. Since then, seven letters of comment have been made publicly available. Most people that actually responded to the Securities and Ex...
Tags: Startups, SEC, Cryptocurrency, Blockchain, Securities And Exchange Commission, Securities and Exchange Commission SEC, Hard Fork


The mysterious story of former Theranos president Sunny Balwani, who was in a relationship with Elizabeth Holmes and now faces criminal charges

Throughout the saga of Theranos, the now-shuttered blood testing company that came under fire in 2015 over the accuracy of its blood tests, one of the company's key executives stayed away from the spotlight.  Wall Street Journal investigative reporter and author of "Bad Blood" John Carreyrou found that Theranos president Sunny Balwani was in a romantic relationship with Theranos founder and CEO Elizabeth Holmes during the time he was at the company. Balwani and Holmes confirmed their relation...
Tags: Google, Spacex, Hbo, Microsoft, Stanford, US, Trends, Beijing, SEC, Silicon Valley, Department Of Justice, Rupert Murdoch, Lotus, Alex Gibney, Abc News, Doj


Wells Fargo agrees to $800,000 penalty in 38 Studios case

PROVIDENCE, R.I. (AP) — Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s video game company. Wells Fargo and the SEC announced the proposed settlement in court filings Monday. […]
Tags: Business, News, Sports, Ap, Nation, SEC, Boston Red Sox, Rhode Island, Wells Fargo, Providence, U S Securities and Exchange Commission, Curt Schilling, Wells Fargo Securities


From Silicon Valley superstar to facing jail time on fraud charges, here's where Theranos founder Elizabeth Holmes is now

Theranos founder Elizabeth Holmes and former Theranos president Sunny Balwani have been charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. The charges stem from allegations that the two engaged in a scheme to defraud investors and a separate scheme to defraud doctors and patients while at the blood-testing company, the   Department of Justice said in June 2018. In September, Theranos shut down. Theranos is the focus of " The Inventor: Out for Blood in Si...
Tags: Hbo, Stanford, Samsung, San Francisco, Trends, SEC, Silicon Valley, Department Of Justice, Rupert Murdoch, Doj, Wall Street Journal, Vanity Fair, Theranos, Elizabeth Holmes, Zika, Holmes


SEC says Musk’s contempt defense ‘borders on the ridiculous’

DETROIT (AP) — U.S. securities regulators countered Tesla CEO Elon Musk’s contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge’s order and that one of his arguments “borders on the ridiculous.” Lawyers for the Securities and Exchange Commission, in a response to Musk, wrote that when the contempt motion […]
Tags: Business, Elon Musk, News, Tesla, Ap, Nation, SEC, Detroit, Securities And Exchange Commission, Musk


Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday.
Tags: Elon Musk, Money, businessNews, SEC, Tesla Inc


SEC rebukes Elon Musk, says his tweet about Tesla vehicle production was a 'blatant violation' of court settlement (TSLA)

The Securities and Exchange Commission says a tweet Elon Musk sent in February claiming that Tesla would produce 500,000 vehicles in 2019 was a "blatant violation" of a court settlement between himself, Tesla, and the agency. Among other things, that settlement requires Tesla to appoint a "Twitter czar" who vets Musk's tweets for information material to Tesla before publishing. The SEC, citing Musk's own words, accuses him of not doing that and says "there was never any good faith effort to c...
Tags: Elon Musk, Court, Trends, Tesla, SEC, Aston Martin, Securities And Exchange Commission, Musk, Reuters, Lagonda, Bryan Logan, Shortseller Enrichment Commission Legal


SEC fires at Elon Musk, says his tweet about Tesla vehicle production was a 'blatant violation' of court settlement (TSLA)

The Securities and Exchange Commission filed its rebuttal to Elon Musk's response to the agency's contempt-of-court claim against the Tesla CEO. The Monday filing says a tweet Musk sent in February claiming that Tesla would produce 500,000 vehicles in 2019 was a "blatant violation" of a court settlement to appoint a "Twitter czar" who would vet his tweets for information material to Tesla before publishing. The SEC, citing Musk's own words, accuses him of not doing that and changing his expla...
Tags: Elon Musk, China, Court, Trends, Tesla, SEC, Securities And Exchange Commission, Musk, Reuters, Bryan Logan, Shortseller Enrichment Commission Legal


Lyft looks to raise up to $2.1 billion in year’s biggest U.S. IPO

Lyft is seeking to raise as much as $2.1 billion in its initial public offering, valuing the firm at almost $20 billion. The No. 2 U.S. ride-hailing giant is offering 30.8 million shares at $62 to $68 each, it said in a regulatory filing Monday. At the top of that range and including a potential overallotment of shares to investors the market valuation would reach $19.6 billion, based on the total numbers of shares outstanding after the IPO as detailed in the filing. At the targeted range, the S...
Tags: Lyft, Uber, Business, Ipo, Uncategorized, San Francisco, Sport, Soccer, SEC, Logan Green, John Zimmer, U S Securities Exchange Commission, Uber Technologies Inc, Slack Technologies Inc, Nasdaq Global Market, Snap Inc


Goldman Sachs Asset Management to buy S&P investment advisory services

Goldman Sachs Asset Management said March 18 that it agreed to buy Standard & Poor’s investment advisory services from S&P Global Market Intelligence, a division of S&P Global. Financial terms weren’t announced. SPIAS provides non-discretionary investment advice across institutional sub-advisory and intermediary distribution channels. It advised on more than $33 billion in assets across multi-asset, equity and fixed income strategies as of December 31, 2018. PRESS RELEASE NEW YORK, March 18, 201...
Tags: Europe, New York, Global, Trends, European Union, Syria, United States, United Kingdom, SEC, Financial Services, Standard Poor, Michael Thompson, Kensho, Goldman Sachs Asset Management, PE Deals, Global Financial


U.S. judge says Rio Tinto must face SEC fraud case

A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project.
Tags: Money, businessNews, Rio Tinto, SEC, Mozambique, Securities And Exchange Commission, Rio Tinto plc


U.S. judge says SEC may pursue Rio Tinto fraud case

A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project.
Tags: Money, businessNews, Rio Tinto, SEC, Mozambique, Securities And Exchange Commission, Rio Tinto plc


The IPO Price and the S1

In my What Is Going To Happen In 2019 post, I wrote: I expect we will see IPOs from big names like Uber/Lyft/Slack, although I also expect those deals will get priced well below the lofty expectations they have in mind right now. Some of that will be because of weak equity markets in the US, but it is also true that most of the IPOs in 2018 also priced below the lofty “going in” expectations of founders, managers, boards, and their bankers. The public markets have been much more sanguine abou...
Tags: Lyft, Time, US, Trends, Bloomberg, SEC, Stocks, EBITDA, Capital Stock In Lyft



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