CEO Financial News

Going RIA is often compared to being in a candy shop. With so much candy – or tools – to choose from, it can be overwhelming to narrow down the best flavors.

Robertson Stephens is extending its reach yet again with its fourth acquisition of the year.

In what could become one of the most notable token airdrops in recent memory, the team behind the Telegram-based tap-to-earn game Hamster Kombat has released a new whitepaper, providing detailed information about the project’s tokenomics and future plans.

Traditional blockchains have long struggled with security, scalability, and decentralization. But history shows that shortcomings don’t last long. Innovation is always around the corner, ready to challenge the status quo and unlock new solutions for the future.

Carnegie Investment Counsel, a prominent RIA with over $4.5 billion in assets under management, is sharpening its focus on the retirement planning space with its latest veteran hire.

After a lengthy but intense seven-week trial, the attorney for David Gentile, the former CEO of GPB Capital Holdings who is facing securities fraud and wire fraud charges, on Monday attacked the federal prosecutors bringing the charges against his client.

With an increasing number of alternative investments to choose from, several advisors agree that growth equity is currently the most popular private equity sub-strategy.

2024 witnessed absorption of over 30 million sq ft of office space, registering an uptick of 18% compared to H1 2023, according to property consultant Vestian. As the demand for grade-A office spaces is robust across the top seven cities of India, the entire year (2024) is expected to cross the 60 million sq ft mark again after peaking in 2023.

The White House is coming out in favor of “open-source” artificial intelligence technology, arguing in a report Tuesday that there’s no need right now for restrictions on companies making key components of their powerful AI systems widely available

Most Comcast subscribers will be able to watch their favorite sports teams again after it reached an agreement with their distributor

old tax regime must file it on or before the deadline of July 31. This is because the option to file ITR under the old tax regime will not be available from August 1, 2024, for FY 2023-24 (AY 2024-25) for those taxpayers for whom the deadline is July 31. This will lead to the loss of the option to claim deductions and exemptions under the old tax regime as well as higher tax outgo in the new tax regime — presuming that the old tax regime was favourable for them to start with. Further penalty of Rs 5,000 as well as penal interest under Section 234A will be applicable due to belated ITR filing.

Is Generative AI worth the money? Tech leaders like Microsoft chief technology officer Kevin Scott says costs will come down and capabilities improve, but as Wall Street heads toward correction territory— Nvidia and Microsoft, two stocks that have ridden the AI wave, are down more than 15% and 8% respectively since 10 July—enterprises are grappling with a deeper problem: How do they put AI to use and measure the return on that investment? Confusion over the answer has led to discomfort, sparked by bearish reports from Goldman Sachs and Sequoia Capital questioning whether GenAI will make as much money as the market seems to think. AI capital expenditure will reach between $600 billion and $1 trillion in the coming years, the reports estimate, and spending on infotech will rise 8% this year, according to Gartner. If investors are taking a breather, that’s good.

«So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward,» says Angshu Mallick, MD & CEO, Adani Wilmar. I was talking about the volume growth and the trends that we are watching out for in terms of volume growth, do you think this 12% growth is something that is sustainable for the rest of the year or could we expect better growth in FY25? Angshu Mallick: The volume growth has been strong where we clocked one million tonne this quarter. Going forward, we may see such kind of volume, but the Q2 may not see such robust volume growth. Q3 onwards, we are hopeful that edible oil again will have a bigger volume share. Second is that our food business has grown and double digit and a strong double digit we have been doing and there I think this volume will grow further. So, food volumes are likely to grow further. Edible oil might stable at around 8% to 10% instead of 12%. And industry essentials would see same volume growth or little better going forward.

Dori Media Group (DMG), the global studio behind global hits like Losing Alice, Lalola, The New Black, In Treatment, and Power Couple, has opened its first sales office in India, joining its existing global branches in Israel, Spain, Switzerland, and Argentina. “We’re thrilled to have someone with Devdatta’s tremendous industry experience joining our team at Dori Media and helping us further expand our global sales reach,” said Nadav Palti, CEO & President of Dori Media Group. “We’ve been successfully selling content in India for years now, and the dynamic growth that we’ve seen in that marketplace recently made it a no-brainer for us to open an office in Mumbai.”

WestJet and Whitehorse-based Air North have announced a new agreement that will allow single-ticket travel across both airlines’ networks.

India's gold demand in the June quarter fell 5% from a year ago, but consumption in the second half of 2024 is set to improve due to a correction in local price following a steep reduction in import taxes, the World Gold Council (WGC) said on Tuesday.

COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.

A new study by the Employee Benefit Research Institute and Greenwald Research suggests that military households are in a stronger financial position and exhibit more confidence in their retirement prospects compared to their non-military counterparts.

Arkadios Capital continues its expansion with the addition of two significant advisory teams. Stewardship Wealth Management, based in Texas, has transitioned $325 million in assets to Arkadios, following Gulf Coast Wealth Management’s $850 million shift in June.

SEI has announced the appointment of Michael Lane as executive vice president and head of asset management, effective September 16, 2024. Lane will report directly to CEO Ryan Hicke and will join the executive management team.