Latest news with #JPmorgan
Yahoo
10-07-2025
- Sport
- Yahoo
Vikings' Dallas Turner Facing Harsh Feedback After Being Victim to $240K Scam
Vikings' Dallas Turner Facing Harsh Feedback After Being Victim to $240K Scam originally appeared on Athlon Sports. After a quiet rookie season, Minnesota Vikings first-rounder Dallas Turner has made a name for himself in all the wrong ways before a hopeful breakout second season. Advertisement Turner made headlines on Tuesday, July 9, when the Minnesota Star Tribune broke news that the 22-year-old was a victim of a $240,000 banking fraud scheme. Turner provided a fraudster, impersonating a JP Morgan Chase banker, with a pair of $120,000 wire transfers after the fraudster told Turner someone had tried to impersonate him at a branch in Arizona. The news spread like wildfire on social media, leading to many fans who had not heard much of the 2024 No. 17 overall pick so far in his career to associate him only with being a victim of fraud and not his prospects on the field. Minnesota Vikings linebacker Dallas Turner (15) warms up during practice at Vikings training camp in Eagan, Becker-Imagn Images "Oh a rookie move," one fan wrote in response to a post on X (formerly Twitter) that garnered over 300,000 views and hundreds of comments. Advertisement "I thought this only happened to old dudes," a second fan said. While it was an honest mistake by Turner, it has called into question his learning capabilities, considering the Vikings offer three trainings on fraud prevention annually, according to the Star Tribune. "We drafted him for his play not his brains man (holy [expletive] Dallas we gotta be better man)," one fan added. While police have identified several suspects and are pursuing charges, the best step forward for Turner is to make everyone forget about the incident by putting his best foot forward on the field. Behind Pro Bowl duo Andrew Van Ginkel and Jonathan Greenard, Turner figures to play a rotational role this season as the No. 3 outside linebacker on the depth chart. Advertisement Related: NFL Stars React to Vikings, Andrew Van Ginkel Announcement Related: J.J. McCarthy, Vikings Dealt Damning 2025 Prediction This story was originally reported by Athlon Sports on Jul 9, 2025, where it first appeared.
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Bernstein Sticks to Its Hold Rating for Pfizer (PFE)
Bernstein analyst Justin Smith maintained a Hold rating on Pfizer yesterday and set a price target of $30.00. The company's shares closed yesterday at $25.62. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Smith covers the Healthcare sector, focusing on stocks such as Pfizer, AstraZeneca, and arGEN X. According to TipRanks, Smith has an average return of 3.4% and a 50.00% success rate on recommended stocks. Currently, the analyst consensus on Pfizer is a Moderate Buy with an average price target of $28.38, which is a 10.77% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a $30.00 price target. Based on Pfizer's latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $13.72 billion and a net profit of $2.97 billion. In comparison, last year the company earned a revenue of $14.88 billion and had a net profit of $3.12 billion
Independent Singapore
09-07-2025
- Business
- Independent Singapore
Great Eastern to resume trading after less than 75% voted in favour of delisting proposal; OCBC says no further offers ‘in the foreseeable future'
Photo: Facebook/Great Eastern Singapore SINGAPORE: Great Eastern could resume trading on the Singapore Exchange (SGX) after less than 75% of minority shareholders voted in favour of delisting the stock at an extraordinary general meeting on Tuesday (July 8). Channel News Asia (CNA) reported that only 63.49% supported the move. In a bourse filing issued by JP Morgan, for and on behalf of Oversea-Chinese Banking Corporation Limited (OCBC), it stated that the exit offer had lapsed, effective July 8, after the delisting resolution failed to gain enough support. 'The delisting will not proceed and the company will remain listed on the SGX-ST,' it said. OCBC and its concert parties abstained from voting. In June, OCBC offered Great Eastern to buy the remaining 6.28% it does not own at S$30.15 per share. At the time, the bank also said it had no plans to make another offer if shareholders opted not to delist the stock. On Tuesday, OCBC reiterated that it does not intend to make any further offers 'in the foreseeable future'. See also Community shop with food items opens for Singaporeans in need Two resolutions were also passed to restore Great Eastern's free float and allow its shares to resume trading on SGX. Trading in Great Eastern shares has been suspended since July 2024, after its free float dropped below 10% following OCBC's offer to buy an 11.56% stake at S$25.60 per share in May last year. 'As GEH's parent, OCBC has supported GEH's proposal to resolve the 11-month trading suspension of its shares at today's Extraordinary General Meeting,' OCBC said. The bank also said, 'As part of our undertaking to GEH, we will elect to receive Class C Non-Voting shares under GEH's Bonus Issue. The 10% free float requirement will be restored assuming all GEH minority shareholders receive the bonus ordinary shares.' 'We would not convert these newly-created Class C non-voting shares on and after the fifth anniversary of the issuance as it would result in GEH losing its free float again,' it added. According to CNA, Great Eastern said it will announce the bonus issue timetable separately on SGXNET, and shareholders who want to receive ordinary shares do not need to take any action. /TISG Read also: Great Eastern Q4 profit falls 14% to S$134.8M due to medical insurance provisions () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
Forbes
09-07-2025
- Business
- Forbes
Sweeping Layoffs Hit Tech And Media Giants Citing AI Take Over
Learning to work with AI With AI being credited for doing more than half the work at Salesforce by chief executive officer, Marc Benioff, a growing number of companies have been firing teams in response to the rise in AI adoption. Here's a running list of layoffs. Blue Origin, the Jeff Bezos space venture, is axing 1,000 jobs, nearly 10% of workforce, to restructure for is laying off 30% of its team, about 240 people, to better compete with AI-powered dating apps, like Hinge. Business Insider is cutting 21% of its team as it goes all-in on AI to respond to the decline in Google search traffic. Dropbox reduced staff by 20% at the end of last year in its pivot to AI offerings. Google, which AI summaries are accelerating the demise of search traffic, has offered early retirement to its Search, Ads and Commerce teams. IBM slashes nearly 9,000 jobs, mostly in human resources as AI agents automate administrative tasks. Intel plans to layoff up to 20% of its factory workers as it pivots to AI. The company had over 100,000 employees as of the end of last Morgan Chase is expecting a 10% reduction in operations staff as the company tells managers to do more with less, lean into AI, and focus on which has been poaching talent from OpenAI and just hired Github cofounder Nate Friedman to head its Super Intelligence Labs with Scale AI's Alexandr Wang, has been cutting 4,000 jobs, about 5% of its eliminated 15,000 jobs this year, nearly 7% of its workforce, despite strong earnings with chief executive officer Satya Nadella citing 20% to 30% of its code now written by AI tools. Reductions are being made across sales, marketing, product and engineering teams, gaming division, and management comingFord chief executive officer Jim Farley said AI will wipe out half of all white collar jobs in the coming years. Anthropic chief executive officer Dario Amodei said AI could spike employment by 20%. Backlash has been significant against companies announcing they're going AI first, including Duolingo, Klarna and Shopify. Amazon, which just celebrated deploying its one million robot across its fulfillment centers, told Fast Company that despite widely-reported rumors, it has not put 14,000 positions on the chopping block. And although Block, formerly known as Square, is eliminating 1,000 jobs, about 8% of staff, its co-founder and chief executive officer, Jack Dorsey, said the move is not to replace workers with AI. The outlier Despite mass layoffs, one engineer, Soham Parekh, managed not only to land several tech jobs, but work them simultaneously. He became a meme last week when he got caught and his ability to beat recruiters--often powered by AI--went viral. Box chief executive officer Aaron Levie chimed in, 'If Soham immediately comes clean and says he was working to train an AI Agent for knowledge work, he raises at $100M pre by the weekend.'
Zawya
09-07-2025
- Business
- Zawya
Price tightened on Saudi Alinma Bank's $500mln senior sukuk offering
The price was tightened on Saudi Alinma Bank's $500 million WNG 5-year senior unsecured sukuk offering to 95 basis points plus Treasuries, with a benchmark yield of 3.987% and coupon of 4.937%. Earlier, IPTs were in the area of 130 basis points plus Treasuries. The Reg S Category 2 Wakala structure had an orderbook in excess of $1.9 billion, excluding JLM interest. The Saudi lender is rated A2 (stable) by Moody's, A- (stable) by S&P and A- (stable) by Fitch, with the sukuk expected to be rated A- by S&P and A- by Fitch, with an issue date of 15 July 2025 Proceeds will be used for general banking business, with the issuance to be listed on London Stock Exchange's International Securities Market. Abu Dhabi Islamic Bank, Alinma Capital, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, JP Morgan and Standard Chartered Bank have been appointed as Joint Lead Managers. The issuance comes under Alinma Sukuk Limited's $500 million Trust Certificate Issuance Programme. (Writing by Bindu Rai, editing by Seban Scaria)
