Wall Street

Moore Kuehn Encourages BBAI, SIX, MIRO, and BVH Investors to Contact Law Firm

Retrieved on: 
Jeudi, novembre 9, 2023

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points: 
  • Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
  • Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
  • Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
  • Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.

Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it

Retrieved on: 
Mercredi, novembre 8, 2023

His late father, a chemical engineer in a steel plant, instilled in his son a critical appreciation of how technology drives social change.

Key Points: 
  • His late father, a chemical engineer in a steel plant, instilled in his son a critical appreciation of how technology drives social change.
  • In his striking response, Varoufakis argues that we no longer live in a capitalist society; capitalism has morphed into a “technologically advanced form of feudalism”.
  • Review: Technofeudalism: What Killed Capitalism – Yanis Varoufakis (Bodley Head)

Rent over profit

  • Such capitalists are clearly still flourishing, but Varoufakis argues they are not driving the economy in the way they used to.
  • “In the early 19th century,” he writes,
    many feudal relations remained intact, but capitalist relations had begun to dominate.
  • many feudal relations remained intact, but capitalist relations had begun to dominate.
  • If you are a seller, the platform will determine how you can sell and which customers you can approach.
  • The terms in which you interact, share information and trade are dictated by an “algo” that “works for [Jeff Bezos’] bottom line”.
  • This is not extracting profit through the production or provision of goods and services, as these platforms are not a “service” in the sense in which the term is used in economics.
  • They are extracting rents in the form of the huge cuts they take from the capitalists on their platforms.

Cloud serfs

  • Every time we use our cloud-linked devices – smartphones, laptops, Alexa, Google Assistant, Siri – we replenish the capital of the Big Tech cloudalists.
  • This in turn increases their capacity to generate more wealth.
  • We train their algorithms, which train us, to train them, and so on, in a feedback loop whose goal is to shape our desires and behaviour.
  • They could innovate “attention-grabbing” ways of “manufacturing” consumer desires – and it was delivered free-to-air!

Quantitative easing

  • First, the “internet commons” of Web 1.0 transformed into Web 2.0, privatised by American and Chinese Big Tech.
  • Coupled with “austerity” economics for the many, this “murder[ed] investment” and led to what Varoufakis calls “gilded stagnation”.
  • Much of the central bank money, particularly following another round of quantitative easing during the COVID pandemic, made its way to the Big Tech companies.
  • In an environment where profit became “optional”, loss-making Big Tech companies run by “intrepid and talented entrepreneurs” chose to build up their cloud capital.

GFC: the turning point

  • So why was the GFC such a pivotal point?
  • From the 1970s, economies were progressively deregulated and free-market policies were increasingly enthusiastically practised, leading to a new “financialised” version of capitalism.
  • Their collapse in 2008 would have taken down the US banking system, and the rest of the world with it.
  • What happened instead was that bankers, handed large bailouts, did not direct the money to where it was most needed.
  • Read more:
    'Greed is amoral': how Wall Street supermen cashed in on pandemic misery and chaos

A tech-driven economic revolution

  • For Varoufakis, we are not just living through a tech revolution, but a tech-driven economic revolution.
  • He challenges us to come to terms with just what has happened to our economies – and our societies – in the era of Big Tech and Big Finance.
  • The first decades of the 21st century have brought challenges that we are still struggling to come to grips with.
  • One thing is for sure – we have no hope of improving things without properly understanding our predicament.
  • The proposals are pretty radical, but I think Varoukais would say they are as radical as the times require them to be.


Christopher Pollard does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

RiskOn International Announces Tucker Carlson to Headline RiskOn360! Global Success Conference in Las Vegas November 19-20, 2023

Retrieved on: 
Mercredi, novembre 8, 2023

RiskOn International, Inc. (Nasdaq: ROI) (“RiskOn,” or the “Company”) is hosting its annual business conference in Las Vegas, Nevada, during the Formula 1 race weekend.

Key Points: 
  • RiskOn International, Inc. (Nasdaq: ROI) (“RiskOn,” or the “Company”) is hosting its annual business conference in Las Vegas, Nevada, during the Formula 1 race weekend.
  • Global Success Conference (the “Conference”) will be headlined by iconic political commentator, New York Times best-selling author and TV personality Tucker Carlson as the primary keynote speaker.
  • Global Success Conference, offering a world of experiences and wisdom with limited attendance,” said Milton “Todd” Ault, III, Executive Chairman of RiskOn360 and host of the Conference.
  • Guests can reserve their seats for this world-class conference by visiting https://www.eventbrite.com/e/riskon360-global-success-conference-las-veg... or the conference website www.riskon360.com .

Press Club leaders urge Biden administration to act immediately on Alsu Kurmasheva's detention

Retrieved on: 
Mercredi, novembre 8, 2023

WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- Following is a statement from Eileen O'Reilly, president of the National Press Club, and Gil Klein, president of the National Press Club Journalism Institute, on Russia's detention of Russian American journalist Alsu Kurmasheva.

Key Points: 
  • WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- Following is a statement from Eileen O'Reilly, president of the National Press Club, and Gil Klein, president of the National Press Club Journalism Institute, on Russia's detention of Russian American journalist Alsu Kurmasheva.
  • "We urge the U.S. government to immediately designate Alsu Kurmasheva's imprisonment as an unlawful and wrongful detention.
  • The Biden administration is taking too long to make this important designation.
  • Secretary Antony Blinken and officials at the State Department should act swiftly to ensure Alsu is freed from her unjust detention.

Rutgers MBA enabled student to think about business on a higher level

Retrieved on: 
Mercredi, novembre 8, 2023

NEWARK, N.J., Nov. 8, 2023 /PRNewswire/ -- When a spot opened on a team vying to win a prestigious contest, Rutgers Full-Time MBA student Nick Felli volunteered to fill the vacancy. The team placed first in the Tepper International Case Competition for its analysis of supply chain disruptions for semiconductors.

Key Points: 
  • NEWARK, N.J., Nov. 8, 2023 /PRNewswire/ -- When a spot opened on a team vying to win a prestigious contest, Rutgers Full-Time MBA student Nick Felli volunteered to fill the vacancy.
  • Felli said he and the team used concepts they learned in their MBA courses to snag the victory.
  • "The Rutgers MBA enabled me to think at a higher level about business, and the world in general."
  • He worked for a year at Epic Systems Corp., a medical records company in Wisconsin, before enrolling at Rutgers Business School.

Thinking about buying stock in Cardio Diagnostics, Eli Lilly, Crowdstrike, NXU Inc., or Gan Ltd?

Retrieved on: 
Mercredi, novembre 8, 2023

Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.

Key Points: 
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
  • Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
  • InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street.
  • We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.

Thinking about buying stock in PaxMedica, Applied Therapeutics, Tharimmune, Singular Genomics Systems, or BIOLASE?

Retrieved on: 
Mercredi, novembre 8, 2023

Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.

Key Points: 
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
  • Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
  • InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street.
  • We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.

Thinking about buying stock in Ventyx Biosciences, Senti Biosciences, PaxMedica, AGNC Investment, or Lumos Pharma?

Retrieved on: 
Mercredi, novembre 8, 2023

Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.

Key Points: 
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
  • Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
  • InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street.
  • We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.

Thinking about buying stock in Immix Biopharma, Vista Energy, Enphase Energy, TransMedics, or Medavail Holdings?

Retrieved on: 
Mardi, novembre 7, 2023

Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.

Key Points: 
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
  • Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
  • InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street.
  • We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.

Ex-Goldman Sachs Executives Partner with Insurance Veterans to Launch Global Transactional Risk Firm, Birch Risk Advisors

Retrieved on: 
Mardi, novembre 7, 2023

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- As dealmakers across Wall Street and corporate America increasingly turn to transactional risk insurance, an accomplished team of former tax attorneys and investment bankers today announced the launch of New York-based Birch Risk Advisors. Backed by global insurer AmTrust Financial, the new insurance advisory firm will be led by Steve Bunson, Barry Sklar, Sheldon Elefant, and David Danesh.

Key Points: 
  • Elefant, previously the U.S. Head of Tax Insurance at Willis Towers Watson, and Danesh, previously SVP and Director in the Specialty Insurance practice at Alliant Insurance, are well-known tax attorneys with extensive transactional risk experience across the global M&A markets and tax-controversy landscape.
  • Birch Risk Advisors offers bespoke solutions, including:
    Tax Insurance—transferring uncertain tax exposure to top-rated insurance carriers, inside and outside of M&A transactions.
  • Notably, a significant tailwind powering the recent demand for transactional risk insurance is President Biden's landmark Inflation Reduction Act (IRA).
  • "With the evolution of the transactional risk insurance market, insurance capital is now a powerful solution for complex M&A transactions and uncertain balance sheet risks," said Steve Bunson, Advisory Director at Birch Risk.