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☆ Iran launches drone attacks on Israel
▼ + stars: | 2024-04-13 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

The White House confirmed the attack was underway and underlined American support for Israel. Iran has threatened retaliation for an earlier strike by Israel on Iranian military targets in Syria. AdvertisementIran has begun an airborne attack against Israel, the White House confirmed on Saturday. Iran threatened to retaliate after Israel struck an Iranian consulate in Damascus, Syria on April 1, killing several high-level Iranian military commanders. The United States will stand with the people of Israel and support their defense against these threats from Iran."

Persons: —, Kian Sharifi, Emanuel Fabian, Biden, Adrienne Watson Organizations: Saturday, White House, Service, Free, White Locations: Iran, Israel, Syria, Iranian, Damascus, United States

☆ Conversational AI startup Vocode entered Y Combinator without a business plan. Now, it's raised $3.25 million without a pitch deck.
▼ + stars: | 2024-02-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Vocode, a conversational AI startup, has raised $3.25 million in seed funding. Founded in 2023, by Ajay Raj and Kian Hooshmand, Vocode raised funding at Y Combinator without a formal pitch deck. Vocode's founders are friends from high school who made it into Y Combinator despite opting against pitching their original business plan. With 10 weeks until demo day, the team began interviewing teams across fintech, healthcare, and climate, searching for ideas before landing on conversational AI. The company began making waves in online hacker communities before its demo day pitch session in front of investors.

Persons: Ajay Raj, Kian, Vocode, PrankGPT, Hooshmand, Y Organizations: Business Locations: San Francisco, fintech

Early analyst calls on Wednesday included a downgrade to a legacy automaker and a rerating for a crypto mining stock that won big last year. "As we have parsed through our numbers, we think the road to recovery will be tougher for SEDG from the perspectives of top line, gross margins, and market share," analyst Christine Cho said. Morgan Stanley stock has slipped nearly 8% this year. The firm downgraded Ford to neutral from buy in a Tuesday note and reiterated a $12 per share price target. Ford shares have struggled this year, losing 6%.

Persons: BTIG, Wall, Joseph Spak, Spak, — Brian Evans, Barclays downgrades SolarEdge, Christine Cho, Cho, SolarEdge, JPMorgan downgrades Morgan Stanley, Morgan Stanley, Ted Pick, Kian Abouhossein, UBS downgrades Ford, Ford, Jim Farley's, Gregory Lewis, Lewis, MARA 1Y, MARA, Fred Imbert Organizations: CNBC, UBS, Ford Motor, Barclays downgrades, Barclays, SolarEdge, Enphase Energy, JPMorgan, Ford, U.S, General Motors, Crypto, Marathon, Marathon Digital, BTC Locations: U.S, Tuesday's

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The analyst said higher deposit rates were potentially being used to limit outflows at Credit Suisse and had been weighing on the bank's ability to bolster revenue. Credit Suisse reported net asset outflows of 39 billion francs in the second quarter. However, UBS said the outflows had slowed down and reversed in June, with Credit Suisse reporting net deposit inflows of $18 billion in the second quarter. UBS's Chief Executive Sergio Ermotti has said he aims to get back the Credit Suisse assets.

Persons: Denis Balibouse, Kian Abouhossein, Abouhossein, Sergio Ermotti, Ermotti, Noele Illien, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, Mark Potter Organizations: Credit Suisse, UBS, REUTERS, Rights, Suisse, JPMorgan, UBS's, Thomson Locations: Zurich Switzerland, Raiffeisen, Switzerland

☆ Temasek unit raises $3.3 bln in flagship fund investing in China
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 28 (Reuters) - Singapore state investment firm Temasek's (TEM.UL) wholly owned unit True Light Capital said on Thursday it raised $3.3 billion in its flagship fund that invests in Greater China and has now closed it to new capital. The Singapore-based asset manager said in a statement the True Light Fund I secured capital from global investors including sovereign wealth funds, foundations, financial institutions, and family offices. The closing of the fund indicates that True Light can now focus on investing the capital. The fund will invest alongside Temasek in opportunities related to Greater China, True Light said. It invests directly in private and public equity as well as indirectly through private equity and venture funds, it added.

Persons: Yeo Chee Kian, Yibing Wu, Yantoultra Ngui, Muralikumar Organizations: U.S, Temasek, Milken Institute Asia, Thomson Locations: SINGAPORE, Singapore, Greater China, China, Taiwan

CNN —A journalist was attacked on Wednesday evening in New York City by an official who was part of Iranian President Ebrahim Raisi’s camp, a news channel has alleged. Iran International correspondent Kian Amani was filming outside the Millennium Hilton New York One UN Plaza Hotel and reporting on Raisi’s “entourage” leaving when the incident happened, the Iran International news channel said in a statement Thursday. “The entourage of Iran’s president attacked, harassed and insulted Iran International journalists covering Ebrahim Raisi’s stay in New York,” Iran International alleged. Iran International is a Persian-language news channel that broadcasts from Washington, D.C. Founded in 2017, Iran International has previously come under scrutiny by the Iranian government.

Persons: CNN —, Ebrahim Raisi’s, Kian Amani, ”, “, Amani, I’m, Abram Paley, ” Paley Organizations: CNN, Iran International, Millennium Hilton New York, UN, Hotel, Amani, Iranian Foreign Ministry, State, Twitter, Washington , D.C Locations: New York City, Iran, New York, Amani, Persian, Washington ,

FALLS CHURCH, Va. (AP) — Federal prosecutors on Monday dropped charges against Bijan Kian, a onetime business partner of former National Security Adviser Michael Flynn who had been accused of acting as an unregistered agent of the Turkish government. Prosecutors alleged that Kian and Flynn, who were partners in an entity called the Flynn Intel Group, were acting at Turkey’s behest when they undertook a project to discredit exiled Turkish cleric Fethullah Gulen. Among other factors, he cited evidence that an actual conspiracy involved Flynn and Alptekin, with Kian excluded from the arrangement. A spokeswoman for the U.S. Attorney's Office in the Eastern District of Virginia declined to comment on why prosecutors decided to drop the case. Flynn, who received a presidential pardon in 2020, became a chief promoter of Trump's efforts to overturn the results of the 2020 election.

Persons: Bijan Kian, Michael Flynn, Kian, Robert Mueller’s, Flynn, Fethullah Gulen, Gulen, Recep Tayyip Erdogan, Donald Trump's, Ruhollah Khomeini, Prosecutors, Kamal Alptekin, Anthony Trenga, Trenga's, Trenga, Alptekin, Mark MacDougall, Rafiekian —, Rafiekian, ” MacDougall Organizations: —, National Security, Prosecutors, Flynn Intel Group, U.S, Circuit, Appeals, Attorney's, of, Justice Department Locations: Va, Turkish, U.S, Turkey, Trenga, Eastern, of Virginia

☆ Creator merch startup Fanjoy has filed for bankruptcy
▼ + stars: | 2023-08-16 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +3 min

Creator merch startup Fanjoy has filed for Chapter 11 bankruptcy, a court filing showed. Creator merch startup Fanjoy filed for Chapter 11 bankruptcy this month, according to a court filing viewed by Insider. Then around 2017, Fanjoy pivoted its business model to selling merch for YouTube creators and other internet stars . Fanjoy isn't the first creator-focused merch company to face challenges in recent months. Creators told Insider at the time that Spring had struggled with its business, including with shipping delays and late payments.

Persons: Fanjoy, Elyse Myers, Kian, Myers, We've, Chris Vaccarino, Vaccarino, Jake Paul, David Dobrik, Tana Mongeau, Addison Rae Organizations: JC, YouTube, Spring

☆ UBS investors warm to Credit Suisse deal
▼ + stars: | 2023-07-17 | by ( Oliver Hirt | ) www.reuters.com time to read: +6 min

Several fund managers who hold UBS stock have told Reuters they think UBS has bought Credit Suisse at a good price, with some even describing it as a steal. "UBS got Credit Suisse for practically nothing, so accordingly the deal will work out for them," another investor told Reuters. Still, UBS inherits a troubled legacy at Credit Suisse, said Thomae, pointing to legal risks which UBS has said could cost billions of dollars. Rivals have poached entire teams from Credit Suisse, he said, and some clients are likely to follow them. Deka's Thomae said UBS and Credit Suisse together would have a market share in Switzerland that is just within acceptable limits.

Persons: Colm Kelleher, Guy de Blonay, Andreas Thomae, Thomae, de Blonay, De Blonay, JP Morgan, Kian Abouhossein, Julius Baer, Deka's Thomae, Oliver Hirt, John Revill, David Holmes Organizations: Credit Suisse, UBS, Switzerland's, Reuters, Jupiter Asset Management, CS, Swiss, UBS AG, Credit Suisse AG, STATE, Deka Investment, Fund, Rivals, Suisse, JP, Suisse's, Investors, Credit, Thomson Locations: ZURICH, Suisse's Swiss, Switzerland

☆ Tellurian appoints Barclays' Simon Oxley as CFO
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: 1 min

Companies Tellurian Inc FollowMay 10 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc <TELL.A> said on Wednesday it has appointed Simon Oxley as chief financial officer, effective June 1. Oxley, who worked at Barclays Investment Bank as co-head of Oil & Gas Investment Banking for Europe, the Middle East, and Africa, will take over from Khaled Sharafeldin, who had been serving as the interim finance chief after Kian Granmayeh resigned from the CFO position in March. Oxley joins Tellurian after its Driftwood project has seen many setbacks including the cancellation of some LNG supply deals after two major potential customers last year raised concerns around the company's ability to finish the project. Reporting by Arshreet Singh; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ JPMorgan defends Deutsche Bank stock, says market getting it wrong
▼ + stars: | 2023-03-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

JPMorgan isn't concerned about Deutsche Bank , and investors should focus on the European bank's "solid" fundamentals, analysts from the firm said Friday. Shares of the German lender slid more than 11% on Friday following a spike in the company's credit default swaps Thursday night. Credit default swaps act as a insurance for bondholders in the event of the company defaults. To be sure, there was no clear catalyst for the spike in Deutsche's credit default swaps. DB 1D mountain DB falls JPMorgan, however, is maintaining its overweight rating on Deutsche Bank.

☆ European banks battered after Credit Suisse rescue
▼ + stars: | 2023-03-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +3 min

LONDON, March 20 (Reuters) - Shares in European banks were battered in early trade on Monday following UBS's (UBSG.S) state-backed rescue of Credit Suisse (CSGN.S) that brought with it massive writedowns for the latter's bondholders. Shares in Credit Suisse (CSGN.S) fell more than 63% while UBS Group (UBSG.S) shares were last down 12.5%. UBS on Sunday agreed to pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse and assume up to $5.4 billion in losses. JPMorgan said that although UBS stood to gain in the longer-term from the deal, the writedown of the AT1 bonds would impact other European banks. Barclays cut its view on European banks to "neutral" from "positive" on Monday, citing likely increased regulatory scrutiny after Silicon Valley Bank collapse and UBS agreeing to buy Credit Suisse.

☆ Fail or sale? What could be next for stricken Credit Suisse
▼ + stars: | 2023-03-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

In this article CSG.N-CHSBNY Follow your favorite stocks CREATE FREE ACCOUNTPeople walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. Barry Norris, CEO of Argonaut Capital, which has a short position in Credit Suisse, stressed the importance of a smooth outcome. watch nowEuropean banking shares have suffered steep declines throughout the latest Credit Suisse saga, highlighting market concerns about the contagion effect given the sheer scale of the 167-year-old institution. At the moment, the forecaster sees the problems at Credit Suisse and SVB as "a collection of different idiosyncratic issues." "We know that for most banks, including Credit Suisse, that exposure to higher yields has largely been hedged.

☆ Iranian activists say fire set at ancestral home of late leader Ayatollah Khomeini
▼ + stars: | 2022-11-19 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +3 min

Iranian activists say protesters set a fire at the ancestral home of the founder of the Islamic Republic, Ayatollah Ruhollah Khomeini, the latest in a series of taboo-breaking acts in a wave of protests rocking the country. Protests continued across the country on Friday as funerals were held for young Iranians that activists say were killed by security forces, according to human rights groups. His family says he was killed by police, but Iranian authorities denied it and say the boy was shot by terrorists. Human rights groups based abroad say more than 300 Iranians have been killed in the protests. Iranian leaders have blamed the protests, which they refer to as “riots,” on foreign enemies, citing Saudi Arabia and the U.S.

☆ Fact Check-Confusion spreads online about 15,000 people detained in Iran
▼ + stars: | 2022-11-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

CONFUSION SPREADSOn social media, the picture became blurred. Other social media users cited a Nov. 10 Newsweek article titled “Iran Protesters Refuse to Back Down as 15,000 Face Execution” as their source (here), (here), (here). Posts on social media conflated this with figures by local activist agencies that over 15,000 people had been detained. As of publication, death sentences have not been handed to 15,000 detained people. Read more about our work to fact-check social media posts here .

☆ The Culture War Behind Iran’s Protests
▼ + stars: | 2022-11-11 | by ( Kian Tajbakhsh | ) www.wsj.com time to read: +1 min

Iran’s feminist uprising poses a stark challenge to the Islamic regime that has held power since 1979. Since September the world media has been awash in images of men and women demonstrating in the streets. Indeed, the protesters’ opponents have more than power on their side; they have significant numbers, too. Most of the surveys that can be considered reliable show a slow liberalization of Iranian attitudes toward the imposition of religious values on society. But they also show the persistence of a significant minority—between 10% and 20% of the population—that favors a religious government, including the mandatory hijab.

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