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Thyssenkrupp CEO feels heat after investor vote of no confidence

“The investment, just weeks before a planned strategy refinement expected in July, may also provide a wedge to force through a radical overhaul of Thyssenkrupp – with or without Hiesinger” writes Midwest Communications Inc for 95kqds.com. Hiesinger, who remains opposed to a break-up, can still count on the support of Ulrich Lehner, Thyssenkrupp’s supervisory board chairman, who has publicly defended the CEO and his strategy.With Elliott’s involvement, this effort could gain momentum and solve what analysts at Jefferies have described as Thyssenkrupp’s “identity crisis”, people familiar with the matter said. Source:…

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Markets News Stocks 

Why investor pessimism is falling

“According to the AAII Investor Sentiment Survey, just 20.6% of investors describe themselves as bearish, meaning they expect stocks to be lower six months from now” writes Markets Reporter for marketwatch.com. U.S. investors have turned a little less bearish on the stock market, but it isn’t because they’re suddenly optimistic.Fully 42.7% of investors describe themselves as neutral on the market, expecting things to remain essentially unchanged over the coming six months. Source: marketwatch.com Share This:

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AmTrust shares up 7% after Carl Icahn opposes plan to go private, discloses stake

“AFSI, +0.60% rose more than 7% late Thursday after activist investor Carl Icahn set his sights on the company’s plan to go private, saying it would be unfair to non-controlling shareholders” writes Claudia Assis for marketwatch.com. The activist investor called the voting process a “sham.”.  Source: marketwatch.com Share This:

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Crypto News 

SEC Creates Spoof Cryptocurrency Website To Warn Investors

“The Securities and Exchange Commission launched a spoof cryptocurrency website on Wednesday to warn investors about the risks of participating in “initial coin offerings,” or ICOs” writes Ian Wren for npr.org. In a typical ICO, inside investors are offered the first chance to buy a new cryptocurrency before it hits the market.It includes a countdown timer, promises of outsized investment returns, and even a “Meet the Team” section with SEC employees posing as cryptocurrency developers.Once lost, investor money is often extremely difficult to recover — even if the agency is…

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Crypto News 

Coinbase Goes After Wall Street With New Tools For Investors

“The San Francisco-based company is developing several tools to lure institutional investors onto its platform” writes Julie Verhage Lily for bloomberg.com. Coinbase Inc. became the best-known cryptocurrency exchange in the U.S. by bringing Bitcoin to the masses.While Coinbase has said it doesn’t consider tokens on its exchanges to be securities, the regulatory view on that is hazy. Source: bloomberg.com Share This:

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This woman coaches tech entrepreneurs — here’s the lesson for getting funded she thinks everyone should learn

“Not so the non-traditional investors, who might be women or people of color or people for whom English was their second language” writes Troy Wolverton for businessinsider.com. Mandela Schumacher-Hodge Dixon found that out in her journey from being a school teacher to a startup founder.In that role, she saw firsthand the stark difference between the typical startup founders and the non-traditional ones. Source: businessinsider.com Share This:

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News Stocks 

Wells Fargo CEO woos wary customers after winning over Warren Buffett

“He’s already convinced the bank’s largest shareholder, Warren Buffett, whose Berkshire Hathaway holds 9.4 percent of Wells Fargo’s stock” writes Paul Sakuma Associated for washingtonexaminer.com. At that time, it was the nation’s third-largest bank, behind New York-based JPMorgan Chase and Charlotte, N.C.-based Bank of America.”I see no reason why Wells Fargo as a company, from both an investor and a moral standpoint, going forward is in any way inferior to other big banks with which it competes.”.  Source: washingtonexaminer.com Share This:

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