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ICE and NATIVX to Launch Energy-Normalized Compute Futures Contracts
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets, and NATIVX, the public exchange for compute, today announced plans to launch GPU compute futures contracts based on NATIVX's COIL Index, which tracks the price of tokenized, energy-normalized compute and connectivity. "Driven by the transformative force of AI, compute has quickly become an important asset
Best’s Special Report: Big Year of Growth for Life/Annuity Sidecar-Like Activity in 2025
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Strong U.S. annuity sales has led to increased formations of sidecars, with total ceded reserves to sidecars or entities engaged in sidecar-like activity increased to more than $90 billion in 2025 from $55 billion in 2023, according to a new AM Best report.The Best’s Special Report, “Big Year of Growth for Life/Annuity Sidecar-Like Activity in 2025,” notes that the vast majority of reserves ceded are covering liabilities for indexed and fixed annuities. Individual
Donaldson Capital Management Expands in Indiana Through Merger with IMC Advisors
EVANSVILLE & COLUMBUS, Ind.--(BUSINESS WIRE)--Donaldson Capital Management (DCM), a registered investment advisory firm managing over $3.7 billion in assets, announced today its merger with IMC Advisors, LLC (IMC), a registered investment advisory firm in Columbus, Indiana. The combined firm strengthens DCM's presence in central Indiana and brings IMC's clients access to a deeper bench of planning, investment, and service resources. The two firms have known each other for years. What began as a
RetailFirst Insurance Group and Summit to End Managing General Agency Agreement
LAKELAND, Fla.--(BUSINESS WIRE)--The parties have mutually decided to end their relationship and have entered into a Transition Services Agreement.
Alliant Retirement Consulting Recognized as a Top DC Advisor for Multi-Office Firms
IRVINE, Calif.--(BUSINESS WIRE)-- #AlliantInsurance--Alliant Retirement Consulting has been named one of the Top DC Advisors for Multi-Office Firms by the National Association of Plan Advisors.
Keepit Upsizes and Refinances Credit Facilities to $90 Million USD
COPENHAGEN, Denmark--(BUSINESS WIRE)--Keepit, the world's only vendor-neutral and truly immutable cloud dedicated to SaaS data protection, today announced the renewal and upsizing of its credit facilities to $90 million USD, with continued support from the Export and Investment Fund of Denmark (EIFO) and HSBC Innovation Banking. The move reinforces Keepit's financial foundation as the company enters its next phase of growth, including the expansion of its AI-powered data governance and complian
New Mountain Capital Partners with SAM, Leading Geospatial and Inspection Solutions Company, for Next Phase of Growth
AUSTIN, Texas & NEW YORK--(BUSINESS WIRE)--July 1, 2026-- SAM (“SAM” or the “Company”), a leading independent provider of mission-critical geospatial and inspection services to the utility and critical infrastructure markets, and New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm, today announced that funds managed by New Mountain have made a majority investment in the Company, acquiring the ownership interest of Peak Rock Capital, the majority investor in SAM
Kennedy Wilson Acquires 421-Unit Multifamily Community in Westchester County, NY for $237 Million
BEVERLY HILLS, Calif.--(BUSINESS WIRE)---- $KW--Kennedy Wilson, a global real estate investment company, has partnered with Kenedix, Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in West Harrison, New York, for $237 million. The acquisition further expands Kennedy Wilson’s investment management platform and deepens its relationship with long-standing Japanese partners Kenedix and Hulic. Completed in 2021, the Class A property is located in Westchester County, approximat
Tradeweb Facilitates Landmark On-Chain U.S. Treasuries Transaction on the Canton Network
NEW YORK--(BUSINESS WIRE)--Tradeweb, a global leader in electronic trading across asset classes, today announced the successful completion of a landmark real-time transaction involving tokenized U.S. Treasuries. Executed on Tradeweb, the trade paired an on-chain U.S. Treasury with tokenized cash (USDCx), while leveraging the Canton Network's synchronized settlement capabilities. Franklin Templeton transferred a tokenized U.S. Treasury security to Virtu Financial in exchange for USDCx. Tradeweb
AIG Appoints Nancy Bewlay as Global Chief Underwriting Officer
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Nancy Bewlay has been named Executive Vice President, Global Chief Underwriting Officer, effective September 8, 2026. Ms. Bewlay will report to Eric Andersen, President & Chief Executive Officer of AIG, and join the Company’s Executive Leadership Team. She will be based in New York. In this role, Ms. Bewlay will have responsibility for AIG’s underwriting strategy, including advancing underwriting
Perpetuals to Participate at Upcoming Investor Conference
SAN FRANCISCO--(BUSINESS WIRE)--Perpetuals.com Ltd (NASDAQ: PDC), the AI-powered financial services company that is leveling the playing field for traders, today announced that CEO Patrick Gruhn will present and take investor questions at the following online conference: Emerging Growth Conference Wednesday, July 15, 2026, at 12:35 p.m. Eastern Time The presentation will be available via live webcast at: https://goto.webcasts.com/starthere.jsp?ei=1764180&tp_key=8f1191cdb2&sti=pdc Questi
Fifth Third Recognized in Kiplinger Choice Awards 2026 for Customer Service Excellence
CINCINNATI--(BUSINESS WIRE)--Fifth Third (NYSE: FITB) has been recognized in the 2026 Kiplinger Readers’ Choice Awards, earning an ‘Outstanding’ rating for customer service among national banks, a distinction determined entirely by the customers who bank with Fifth Third every day. Now in its fourth year, the Kiplinger Readers’ Choice Awards gathered responses from more than 4,200 readers nationwide, all active customers at the financial institutions they rated. Participants evaluated their pro
Lauren Cassidy, CFA, Named Chief Investment Officer of the Founders 100 ETF (FFF)
DALLAS--(BUSINESS WIRE)--Lauren Cassidy named CIO of Founders 100 ETF; leads active strategy targeting historically outperforming factor most U.S. equity ETFs overlook.
AutoRek Announces Major Advancement to AutoRek ARIA as Demand for AI‑Driven Financial Controls Accelerates
LONDON & NEW YORK--(BUSINESS WIRE)--AutoRek today announced a major advancement to AutoRek ARIA, its regulatory‑grade intelligence engine for reconciliation and financial controls. The latest release introduces new capabilities that significantly reduce manual effort, accelerate configuration, and strengthen governance to enable financial institutions to automate reconciliation at scale without compromising the oversight required in regulated environments. The latest release of AutoRek ARIA adv
BearingPoint strengthens global leadership with 14 new Partner promotions
AMSTERDAM--(BUSINESS WIRE)-- #Arcwide--Management and technology consultancy BearingPoint has announced the internal promotion of 14 new Partners, effective July 1. The appointments reflect the firm's continued commitment to developing leaders and supporting global growth under Strategy 2030, BearingPoint's roadmap for accelerating growth, expanding capabilities, and empowering people to succeed. Matthias Loebich, Managing Partner BearingPoint, said: “Empowering people and developing the next generation o
Lime Announces Pricing of Initial Public Offering
SAN FRANCISCO--(BUSINESS WIRE)--Neutron Holdings, Inc. (“Lime”), the largest global shared micromobility business, today announced the pricing of its initial public offering of 6,956,522 shares of its common stock, 6,679,791 shares of which are being offered by Lime and 276,731 shares of which are being offered by certain existing stockholders (the “Selling Stockholders”), at an initial public offering price of $25.00 per share. In addition, Lime has granted the underwriters a 30-day option to
SABA Announces Notification of Sources of Distributions
NEW YORK--(BUSINESS WIRE)--Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, is notifying shareholders, prospective shareholders, and third parties of the sources of distributions pursuant to Section 19(a) of the Investment Company Act of 1940 (the “Investment Company Act”). IMPORTANT INFORMATION REGARDING MONTHLY DISTRIBUTION Distribution Notice. Pursuant to Section 19(a) of th
Global SWF Modernizes Scorecard for Sovereign Investors; Nine Institutions Continue to Excel.
NEW YORK & SINGAPORE--(BUSINESS WIRE)--Today, Global SWF has published the seventh edition of its GSR (Governance, Sustainability, and Resilience) Scoreboard, which has become the measuring stick of best practices among State-Owned Investors around the world. The report is available on www.globalswf.com/reports/2026gsr The annual exercise studies the world’s 200 largest Sovereign Wealth Funds and Public Pension Funds, which manage US$ 34.0 trillion on behalf of 76 countries. The assessment is b
BRW Announces Notification of Sources of Distributions
NEW YORK--(BUSINESS WIRE)--Saba Capital Income & Opportunities Fund (NYSE: BRW) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, is notifying shareholders, prospective shareholders, and third parties of the sources of distributions pursuant to Section 19(a) of the Investment Company Act of 1940 (the “Investment Company Act”). IMPORTANT INFORMATION REGARDING MONTHLY DISTRIBUTION Distribution Notice. Pursuant to Section 19(a) of the In
Securities Fraud Investigation Into MercadoLibre, Inc. (MELI) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of MercadoLibre, Inc. (“MercadoLibre” or the “Company”) (NASDAQ: MELI) on behalf of investors concerning the Company’s possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON MERCADOLIBRE, INC. (MELI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.What Is The Investigation About?On May 7, 2026, MercadoLibre released its first quarter 2026 finan
