Bob De Lange, Group President at Caterpillar Inc. (NYSE:), has sold a significant portion of his holdings in the company. According to a recent SEC filing, De Lange sold shares worth approximately $5.2 million. The transactions were executed on November 7, 2024, with prices ranging from $408.82 to $411.61 per share. In addition to the sales, De Lange also acquired 20,000 shares through the exercise of stock options at a price of $151.12 per share, amounting to a total of $3,022,400. Following these transactions, De Lange’s direct ownership of Caterpillar shares stands at 71,107 shares. These moves are part of…
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Asset owners have dramatically increased their allocations to private markets over the past two decades, driven largely by a mistaken belief that private debt and equity deliver returns that are orders of magnitude above those of public markets. What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector’s performance are to blame. The myth of the Yale model — a belief of superior returns stemming from a heavy allocation to private equity funds — is…
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesDuring the crypto-crazed summer of 2021, when memecoins such as dogecoin and Shiba Inu were rocketing alongside bitcoin and ethereum, Square founder Jack Dorsey announced that his payments company was starting a new business unit, with the goal of “making it easy to create non-custodial, permissionless, and decentralized financial services.””Our primary focus is #Bitcoin,” Dorsey proclaimed on Twitter. The name of the business unit would be TBD.In December of that year, Dorsey went…
Marsh, a leading insurance broker, and We2Sure, a company focused on insurance services related to carbon credits, have joined forces to launch an insurance facility specifically aimed supporting organizations in the U.S., UK and EU to manage the risk of fraud.Rupert Poland, the UK digital asset leader at Marsh commented on the partnership with We2Sure by saying: “This new facility will not only help de-risk investments for businesses from a financial and reputational perspective, but also support the integrity and expansion of the wider carbon credit ecosystem.”Simon Wigzell, We2Sure’s Head of Business Development and Underwriting added that “This transformative solution…
In a remarkable display of market confidence, Doximity Inc (NYSE:). shares have surged to a 52-week high, reaching a price level of $58.79. This peak represents a significant milestone for the company, known for its professional medical network platform, as it reflects a substantial 111.8% increase over the past year. Investors have shown increasing enthusiasm for Doximity’s stock, propelling it to new heights as the company continues to expand its services and solidify its position within the healthcare technology sector. The impressive year-over-year change underscores the market’s positive reception to Doximity’s growth strategy and its potential for continued success in…
Over its 40-year IndyCar history, Dale Coyne Racing had one significant period where its name was changed to Payton/Coyne Racing to reflect the co-ownership stake taken by NFL legend Walter Payton from 1992-99. If Coyne’s current efforts are successful, the dynamic could return by adding a new name to the ownership roster as the Illinois-based entrant seeks a partner and investor to strengthen DCR’s present and future. Where Coyne previously spoke of seeking investors in the new charters he and other full-time teams have recently received from Penske Entertainment, he’s expanded his ambitions. “Buying into the team itself,” Coyne told…
Tesla (TSLA) surged on Friday, capping a huge week for the EV maker as the stock hit its highest close in over two years. Optimism over CEO Elon Musk’s relationship with President Trump has sent investors into a frenzy, with Tesla’s market cap now topping $1 trillion. To be fair, stocks overall have been hitting records, with the Dow Jones Industrial Average crossing 44,000 for the first time and the S&P 500 eclipsing 6,000. But the monster move in Tesla has been one for the record books, with the stock up a whopping 29% in just five days. Tesla stock…
Investing.com – Russia stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Moscow, the rose 1.65%. The best performers of the session on the were ADS Ozon Holdings PLC ORD SHS (MCX:), which rose 7.97% or 243.00 points to trade at 3,291.50 at the close. Meanwhile, AFK Sistema PJSC (MCX:) added 6.67% or 0.91 points to end at 14.50 and VK Company Ltd (MCX:) was up 5.64% or 17.20 points to 322.00 in late trade. The worst performers of the session were Polyus PJSC (MCX:), which fell…
Most industrial greenhouse gas (GHG) emissions come from energy use. By improving energy efficiency, the world can cut energy consumption, lower emissions, and save on costs. It’s a smart and cost-effective first step toward decarbonization and businesses are continuing to pour funds into energy efficiency initiatives and technologies worldwide as the International Energy Agency (IEA) reported. The IEA’s Energy Efficiency 2024 highlights key trends in energy intensity, demand, prices, and policies. It also offers insights into system-wide themes including investment, which this article will delve into in detail. Driving Change: What Leads the Energy Revolution? The report shows that energy…
SAN DIEGO, CA – In a significant leadership reshuffle, QuidelOrtho Corporation (NASDAQ:QDEL), a prominent player in the in vitro and in vivo diagnostic substances industry, disclosed in a recent SEC filing that it will be parting ways with two of its executive vice presidents. The company announced the departure of Michael S. Iskra, Executive Vice President and Chief Commercial Officer, and Robert J. Bujarski, Executive Vice President and Chief Operating Officer, effective November 15, 2024. Simultaneously, the company has appointed Philip McLellan as the new Chief Operations Officer, with his tenure beginning on the same date as the aforementioned departures.…