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Goldman economist, uncowed by Trump attack, plans to 'keep doing' as before
(Reuters) -A top economist for Goldman Sachs on Wednesday signaled no plans to change how his team conducts and publishes its research after President Donald Trump lashed out at the Wall Street firm and its chief executive because of the research team's estimate that American consumers would bear the brunt of the costs of Trump's tariffs. Chief U.S. Economist David Mericle's defense of his team's work came a day after Trump in a social media post said Goldman Chief Executive David Solomon should "not bother running a major financial institution" and lambasted the bank's economics research. The report Trump attacked, published August 10, estimated that U.S. consumers so far have borne less than a quarter of the cost of Trump's tariffs but that share would rise to two-thirds if the tariffs play out in the same way they had previously. Trump, by contrast, insists that foreign companies and governments are absorbing the cost of tariffs that now average the highest in about a century, and that American households are unscathed. He attacked Goldman and its economists for making "a bad prediction." Asked in a CNBC interview whether Trump's broadside had had a chilling effect on his team's work, Mericle said: "We're just trying to do the best economic forecast that we can for our clients, and we publish research reports like the one that we published over the weekend to inform those views. And we'll keep doing that."
Yahoo
2 minutes ago
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Etoiles Capital Group Co., Ltd Announces Closing of Underwriters' Over-Allotment Option in Connection with Initial Public Offering
HONG KONG, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Etoiles Capital Group Co., Ltd (Nasdaq: EFTY), a Hong Kong-based financial services provider, today announced that it closed the sale of an additional 210,000 Class A ordinary shares of the Company, pursuant to the full exercise of the underwriters' over-allotment option granted in connection with the Company's initial public offering ('IPO', together with such over-allotment closing, the 'Offering'), at the IPO price of $4.00 per share, less underwriting discounts. As a result, the Company has raised aggregate gross proceeds of $6,440,000, including the previously announced IPO gross proceeds of $5,600,000, prior to deducting underwriting discounts and commissions and offering expenses payable by the Company. Proceeds from the Offering will be used for business expansion, technology infrastructure, strategic marketing, and general corporate purposes. The Offering was conducted on a firm commitment basis. Prime Number Capital, LLC acted as the representative underwriter and sole book- runner for the Offering. Loeb & Loeb LLP acted as the U.S. counsel to the Company, Ogier acted as the Cayman Islands counsel to the Company, and Ye & Associates, P.C. acted as the U.S. counsel to the underwriting syndicate in connection with the Offering. A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission ('SEC') (File Number: 333-287302) and was declared effective by the SEC on August 7, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering was filed with the SEC on August 7, 2025, which may be obtained from Prime Number Capital, LLC, 12 E 49 St, Floor 27, New York, NY 10017, Attention: Shenghui Yang by email at ecm@ or by calling +1(347) 329-1575. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC's website at This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'assesses,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. About Etoiles Capital Group Co., LtdEtoiles Capital Group Co., Ltd (Nasdaq: EFTY) is a Cayman Islands holding company operating through its Hong Kong subsidiary, Etoiles Consultancy Limited. The Company provides comprehensive financial advisory, capital markets services, and integrated solutions—including corporate financing, initial public offering consulting, and investor relations—to clients navigating global capital markets. ContactsIssuer InquiriesEtoiles Capital Group Co., LtdRoom 1109, 11/F, Tai Yau Building181 Johnston Road, Wanchai, Hong KongTel: +852 2398 8699 | Email: ir@ Underwriter InquiriesPrime Number Capital, LLC27F, 12E 49th Street, New York, NY 10017Tel: (347) 329-1575 | Email: info@
Yahoo
2 minutes ago
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Industry First: ATEN DigiKVM™ Sets the Pace with FIPS 140-3 Compliance for Mission-Critical Security
Delivering high-grade security and centralized control in a next-gen digital KVM platform TAIPEI, Aug. 13, 2025 /PRNewswire/ -- ATEN International, a global leader in KVM and AV/IT connectivity and management solutions, proudly announced a groundbreaking milestone: the ATEN DigiKVM™ is now the industry's first Single-Portal, All-Digital KVM over IP Solution to integrate a FIPS 140-3 compliant encryption module. This sets a new security benchmark for centralized control in mission-critical applications. By embedding the latest FIPS 140-3 encryption module, ATEN DigiKVM™ aligns with the most advanced cryptographic standards issued by the National Institute of Standards and Technology (NIST). This integration strengthens algorithm validation, entropy sourcing, self-testing, and lifecycle management—ensuring robust cryptographic protection and enabling secure deployment across highly regulated sectors such as government, military, healthcare, utility, and finance. In environments where traditional IP-based access may fall short, ATEN DigiKVM™ delivers superior compliance, auditability, and operational control. Awarded a Red Dot Design Award for its robust and agile hardware design with an intuitive front panel and modular installation, ATEN DigiKVM™ is an all-digital KVM over IP solution purpose-built for secure, high-performance remote server management in data centers, control rooms, and broadcast facilities. It supports up to 32 independent connections to the attached servers with real-time 4K video performance and enables server connections up to 100 meters. With features such as out-of-band management (OOBM), advanced encryption, and broad OS compatibility, ATEN DigiKVM™ ensures uninterrupted access and rapid recovery, even during network disruptions, making it the ideal solution for mission-critical and distributed environments. "Security is no longer a value-add—it's the baseline. With FIPS 140-3 compliance built into DigiKVM™, we're enabling our customers to operate with confidence, backed by a future-ready infrastructure that meets the highest global standards," said Nicholas Lin, Senior Vice President of ATEN. Key Features of ATEN DigiKVM™ KVM over IP Solution: Distortion-Free: Reinforced KVM ports with enhanced high-voltage isolation and minimized electromagnetic interference Delay-Free: Real-time, concurrent remote access—anytime, anywhere 10× Faster: Ultra-fast virtual media transfer rates for rapid server updates 100× Smoother: Exceptional livestream video refresh rate with Panel Array Mode™ Live+ Agile & Effortless Installation: Industry's most compact DigiProcessor for maximum rack space efficiency High-Grade Security: Supports TLS 1.3 and integrates a FIPS 140-3 certified cryptographic module (Certificate #4985) For more information about the ATEN DigiKVM™ KVM over IP Solution, please refer to the link: 16-Port KVM over IP OmniBus Gateway (KG0016) 32-Port KVM over IP OmniBus Gateway (KG0032) USB VGA KVM DigiProcessor (KG1900T) USB DVI KVM DigiProcessor (KG6900T) USB HDMI KVM DigiProcessor (KG8900T) USB DisplayPort KVM DigiProcessor (KG9900T) USB 4K DisplayPort KVM DigiProcessor (KG9950T) USB 4K HDMI KVM DigiProcessor (KG8950T) About ATEN ATEN International Co., Ltd. (TWSE: 6277), established in 1979, is the leading provider of KVM and AV/IT connectivity and management solutions. Offering more than 1,000 integrated KVM, professional AV, USB, racks and intelligent power products, ATEN enables easy connection, management, and optimization of AV/IT equipment in corporate, government, education, healthcare, manufacturing, broadcasting, media, and transportation environments. With over 650 issued international patents, ATEN's global R&D team continuously produces innovative solutions, resulting in a comprehensive portfolio of products available worldwide. Headquartered in Taiwan, ATEN International Co., Ltd. has grown to include subsidiaries and regional offices in China, Japan, South Korea, Belgium, Australia, the U.S., the U.K., Turkey, Poland, India, Romania, South Africa, Indonesia, and Mexico – with R&D centers in Taiwan, China, and Canada. For more information about ATEN, please visit Press Contact ATEN International Co., Tsai/ Ivy LeeTEL: +886-2-8692-6789 EXT. 1835/1867FAX: +886-2-8692-6577Email: pr@ View original content to download multimedia: SOURCE ATEN International Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
