Shareholders have overwhelmingly rejected CoreWeave’s $9 billion acquisition of Core Scientific, highlighting growing tensions in the AI infrastructure gold rush. The deal’s collapse reveals fundamental challenges in valuing AI assets during market volatility.
Activist investor HoldCo Asset Management has reportedly accumulated a significant stake in Eastern Bankshares and is urging the Boston-based financial institution to pursue a sale. Sources indicate the hedge fund is pushing Eastern to consider merging with larger regional banks rather than continuing its acquisition strategy.
Activist investor HoldCo Asset Management has reportedly built a substantial position in Eastern Bankshares and is pushing the storied Boston financial institution to put itself up for sale rather than continue acquiring other banks, according to people familiar with the matter.
Oppenheimer has upgraded Jefferies Financial Group amid concerns about the firm’s exposure to bankrupt auto parts manufacturer First Brands. Analysts suggest the recent stock decline reflects broader credit market anxieties rather than substantial financial risk. According to reports, Jefferies’ direct exposure appears minimal compared to its overall capital structure.
Oppenheimer has reportedly upgraded Jefferies Financial Group to outperform, according to recent analyst notes, describing the investment bank’s exposure to the bankrupt auto parts manufacturer First Brands as “very limited.” The upgrade comes as Jefferies shares have declined approximately 26% since First Brands filed for bankruptcy protection on September 29, with analysts suggesting the reaction may be disproportionate to the actual financial risk.
