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TikTok’s possible ban could have a large impact on tech giants
Commerce Secretary Wilbur Ross says the U.S. plans to restrict U.S. access to the Chinese-owned apps TikTok and WeChat on Sunday night on national security and data privacy grounds. IMD Business School LEGO Professor of Management and Innovation Howard Yu told Yahoo Finance’s On the Move that there’s a “lack of security experts’ opinions weighing in” on the situation. “There’s no real IT specialist trying to say ‘Are we doing enough? Are we not doing enough?’ when Oracle (ORCL) is becoming this tech partner,” Yu explains. Oracle is reportedly nearing a deal with TikTok to own a roughly 20{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} stake in the company. Walmart will reportedly join in the partnership.…
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TikTok’s abrupt end would send a ‘chill to the boardroom’: IMD Business prof
Bloomberg Perelman Selling Almost Everything as Pandemic Roils His Empire (Bloomberg) — Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.He’s unloaded his stake in Humvee-maker AM General, sold a flavorings company that he’d owned for decades and hired banks to find buyers for stock he holds in other companies.What in the world is going on with Ron Perelman? His exploits on and off Wall Street have been tabloid…
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With Their Launchpad Ecosystem, FinTech Veterans Envestnet
Following a legacy of fostering resourcefulness and innovation within the FinTech industry, Envestnet | Yodlee recently announced the expansion of its Launchpad ecosystem. The program is an open forum for established leaders and enterprising newcomers alike to better understand what opportunities, pitfalls and discoveries that exist within the contemporary world of FinTech and financial services. According to Envestnet | Yodlee Vice President Christine Loredo, Launchpad is conceived as a resource to allow company leaders to learn about and take advantage of the emerging technologies redefining the business landscape through virtual and in-person events, online analysis and education. “Launchpad is an ecosystem that enables education, collaboration, connection and, ultimately, growth for…
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Top Ranked Value Stocks to Buy for September 18th
Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 18th: Cowen Inc. (COWN): This investment banking, research, sales and trading provider has a Zacks Rank #1 (Strong Buy), and seen the Zacks Consensus Estimate for its current year earnings rising 4.7{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} over the last 60 days. Cowen Group, Inc. Price and Consensus Cowen Group, Inc. Price and Consensus More Cowen Group, Inc. price-consensus-chart | Cowen Group, Inc. Quote Cowen has a price-to-earnings ratio (P/E) of 2.60, compared with 16.30 for the industry. The company possesses a Value Score of B. Cowen Group, Inc. PE Ratio (TTM) Cowen Group, Inc. PE Ratio…
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The Best Workplaces for Women are expanding the turf for women in finance
Finance has not typically been welcoming to women. But the “boy’s club” of yesterday is changing. A sign of the times: Financial firms rule this year’s list of Best Workplaces for Women. Nine organizations in financial services and insurance earned a spot in the top 20—triple that of last year’s list. What’s behind the shift? One reason is that the industry is evolving, with the value of financial advice changing. Almost nowhere is the digital transformation shaking up an industry as it is in finance. At a finger swipe across a smartphone, investors can access their accounts and see how their portfolios are doing. But women are adding value in…
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New York City, the nation’s largest school system, is ‘in an impossible situation’ amid the coronavirus pandemic
It’s been a rough week for the millions of children, parents, educators, and city officials involved in the reopening of New York City schools. After grappling with a shortage of teachers and buildings that are not ventilated well enough to deter transmission of coronavirus, the nation’s largest school district again delayed the start of in-person learning. “The [New York] Department of Education has put P.S. 125 and many other schools in the city in an impossible situation,” Tamara Tucker, president of the parents association at P.S. 125 in Morningside Heights, which serves students from pre-kindergarten through fifth grade, told Yahoo Finance. “And I don’t want to penalize the schools for…
