CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI
CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced it has secured a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities (“Blackstone”) with strategic participation from leading…
E*TRADE from Morgan Stanley Releases Monthly Sector Rotation Study
Arlington, Virginia – E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors. About E*TRADE from Morgan Stanley…
PayU to sell its Global Payment Organisation to Rapyd for US$610m
Prosus today announces PayU has reached an agreement with Rapyd, a leading Fintech-as-a-Service provider, that Rapyd will acquire PayU’s Global Payments Organisation (GPO) for a total cash consideration of US$610m. The transaction will enable PayU to focus on the large…
Cybersecurity company Plerion announces US$10M seed round led by Prosus Ventures
Plerion, a cutting-edge cybersecurity company founded by industry veterans Mike Rahmati (CEO), Paul Garner (COO), and Pierre Liddle (CTO), has announced the closure of its seed round funding, raising US$10 million led by Prosus Ventures, with participation from Cercano and Atlassian…
Humana Foundation Announces 2023 Scholarship Awards
The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM) for the past 41 years, today announced 81 winners of college scholarships awarded through the Humana Foundation Scholarship Program. Humana employee Christy Cole and her son Connor Cole, incoming…
UnitedHealthcare Community Plan of Ohio Awarded NCQA Health Equity Accreditation
UnitedHealthcare Community Plan of Ohio announced it was awarded Health Equity Accreditation by the National Committee for Quality Assurance (NCQA), a private, nonprofit organization dedicated to improving health care quality. “Every individual in Ohio deserves access to equitable, high-quality health…
Allianz Commercial appoints leadership for regional units Central & Eastern Europe and Southern Europe
As the implementation of Allianz’s ‘ Integrated Commercial’ strategy to better serve the full Commercial insurance segment advances and a new regional set-up has been announced, Allianz Commercial confirmed today the regional leadership for two further regions: Stefanie Thiem will lead the region Central…
Elevance Health Subsidiary Amerigroup to be Renamed Wellpoint in January 2024
Amerigroup, a subsidiary of Elevance Health serving Medicaid and Medicare enrollees, will begin rebranding as Wellpoint in January 2024, to reflect the company’s evolution to support whole health. “This rebranding is a continuation of our bold and ambitious purpose to improve the…
Schwab Study: Workers Continue to Prioritize 401(K) Saving Amid Anxiety About Inflation and Market Volatility
Inflation and market volatility are impacting workers’ ability to save for retirement to a greater extent than last year, according to a new survey from Charles Schwab. The annual nationwide survey of 401(k) plan participants finds that 62% of workers…
Schwab Launches Three New Wasmer Schroeder™ Bond Ladder Strategies as Appetite for Fixed Income Continues to Grow
Schwab Asset Management™, the asset management arm of The Charles Schwab Corporation, today announced the launch of three short-duration U.S. Treasury bond ladder strategies managed by its Wasmer Schroeder™ Strategies team. The new bond ladders, which invest in short-duration U.S.…
Improving experiences for CommBank’s customers and its people with AI
“While we’re all hearing a lot more about AI these days, CBA has been doing it for a while,” said Commonwealth Bank’s Chief Data & Analytics Officer Dr Andrew McMullan, when he was recently invited to be a guest on The…
RBC to announce third quarter results on August 24, 2023
Royal Bank of Canada (TSX: RY) (NYSE: RY) will release its third quarter results for 2023 on August 24, which will be made available at rbc.com Financial results are expected to be released at approximately 6:00 a.m. Eastern Daylight Time (EDT). The conference call is scheduled for 8:00…