Shares of work management platform Asana (NYSE:ASAN) fell 7.5% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
Shares of work management platform Asana (NYSE:ASAN) fell 7.5% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
A number of stocks fell in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
A number of stocks fell in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
Shares of electronic signature company DocuSign (NASDAQ:DOCU) fell 5.6% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
Shares of electronic signature company DocuSign (NASDAQ:DOCU) fell 5.6% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
Shares of CRM software giant Salesforce (NYSE:CRM) fell 6.3% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
Shares of CRM software giant Salesforce (NYSE:CRM) fell 6.3% in the afternoon session after a wave of competitive anxiety hit the enterprise software sector sparked by a high-profile downgrade of Adobe, triggering a broader sell-off in high-valuation cloud stocks.
SEC Chair: "Remains To Be Seen" Whether US Will Seize Venezuela's Reported Bitcoin Authored by Turner Wright via CoinTelegraph.com, Paul Atkins, chair of the US Securities and Exchange Commission (SEC), said it “remains to be seen” what actions the US government might take regarding Venezuela’s reported Bitcoin holdings, while stressing that such decisions would fall outside his remit. In a Monday...
SEC Chair: "Remains To Be Seen" Whether US Will Seize Venezuela's Reported Bitcoin Authored by Turner Wright via CoinTelegraph.com, Paul Atkins, chair of the US Securities and Exchange Commission (SEC), said it “remains to be seen” what actions the US government might take regarding Venezuela’s reported Bitcoin holdings, while stressing that such decisions would fall outside his remit. In a Monday interview with Fox Business’ Stuart Varney, Atkins responded to reports claiming that Venezuela holds up to $60 billion worth of Bitcoin, though several analysts said they were unable to verify these claims. The SEC chair said it “remains to be seen” what action, if any, the US would take if it had the opportunity to seize the reported 600,000 BTC. “I leave that to others in the administration to deal with — I’m not involved in that,” said Atkins in response to a question on whether the US would “take those Bitcoin off ‘em.” Reports of Venezuela’s Bitcoin holdings surfaced after US forces, at the direction of President Donald Trump, captured then-President Nicolás Maduro last week and removed him to the United States to face criminal charges in New York. As of the time of publication, blockchain analysts and intelligence platforms had not confirmed the reported $60 billion in crypto, but the Maduro regime had previously been involved with aspects of the industry . For example, the country launched an oil-backed digital currency in 2018. Senate to hold market structure markup on Thursday Atkins’ remarks came a few days before the US Senate Banking Committee is scheduled to hold a markup on the Digital Asset Market Clarity Act, or CLARITY. House of Representatives lawmakers passed the bill in July, and it has been under review in the Senate for months, likely slowed by a 43-day government shutdown in October and November. Banks and some crypto companies have also expressed concerns about provisions dealing with stablecoin rewards within the draft bill, and many Democrats are...
Ares Management Corp. collected $7.1 billion for its debut private credit secondaries strategy and expects the market for secondhand credit stakes to continue its rapid growth this year. Ares Credit Secondaries Fund amassed $4 billion in equity commitments from investors, according to Dave Schwartz , head of credit secondaries at the firm, which manages more than $595 billion. The capital haul als...
Ares Management Corp. collected $7.1 billion for its debut private credit secondaries strategy and expects the market for secondhand credit stakes to continue its rapid growth this year. Ares Credit Secondaries Fund amassed $4 billion in equity commitments from investors, according to Dave Schwartz , head of credit secondaries at the firm, which manages more than $595 billion. The capital haul also includes the $1 billion global credit secondary joint venture the firm formed with Mubadala Investment Corp., Schwartz said in an interview. The remainder is a mix of capital raised in affiliated vehicles and anticipated leverage, the firm said. Private credit secondaries, once a quieter corner of the broader market for secondhand stakes that’s dominated by buyouts, have become one of its fastest-growing segments. Deal volume is expected to surpass $50 billion within the next two to three years, up from $6 billion in 2023, according to data from Evercore . More managers are raising funds dedicated to the strategy. Pantheon is pitching investors its latest credit funds and a new evergreen vehicle for institutional investors. Coller Capital raised $6.8 billion for its second private credit secondaries strategy last year, and HarbourVest Partners has also launched two separate vehicles to back secondary deals. Read More: Wellington Hires Hamilton Lane’s Alex Behm for Secondaries Push Schwartz said he expects the accelerated growth in credit secondaries to continue this year. “Managers are utilizing continuation vehicles to return capital back to those investors in hopes that they will recycle those dollars into the new fund,” he said. Ares’ credit secondaries fund invests in senior secured, direct lending loans across continuation funds raised by private credit managers, as well as portfolios sold by limited partners, or fund investors, Schwartz said. “We expect large LP portfolios to come to market this year, and the pipeline for continuation funds is strong,” Schwartz said...
Shares of computer processor maker AMD (NASDAQ:AMD) jumped 6.9% in the afternoon session after KeyBanc upgraded the stock to Overweight from Sector Weight, citing a significant surge in demand for the company's server chips used in artificial intelligence.
Shares of computer processor maker AMD (NASDAQ:AMD) jumped 6.9% in the afternoon session after KeyBanc upgraded the stock to Overweight from Sector Weight, citing a significant surge in demand for the company's server chips used in artificial intelligence.
Another day, another development in the ongoing conflict between Warner Bros. Discovery (NASDAQ: WBD) and Paramount Skydance (NASDAQ: PSKY) . Since streaming titan Netflix (NASDAQ: NFLX) announced its intention to acquire certain assets of Warner Bros. last month, an increasingly hostile takeover bid by Paramount has been playing out in boardrooms and in the press. This, despite the fact that the ...
Another day, another development in the ongoing conflict between Warner Bros. Discovery (NASDAQ: WBD) and Paramount Skydance (NASDAQ: PSKY) . Since streaming titan Netflix (NASDAQ: NFLX) announced its intention to acquire certain assets of Warner Bros. last month, an increasingly hostile takeover bid by Paramount has been playing out in boardrooms and in the press. This, despite the fact that the deal was already unanimously approved by the boards of directors for both Netflix and Warner Bros. Image source: Getty Images. Continue reading