Hippo CEO Richard McCathron sells $160,000 in company stock

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Synopsys (SNPS +0.35%) stock, which makes design and simulation software for pre-production work on semiconductors, jumped nearly 5% in early trading Thursday before reversing and giving back most of its gains. As of 11:15 a.m. ET, Synopsys is up only 1%. But why did it pop in the first place at all? Image source: Getty…

The sale comes as private equity groups continue to pursue independent wealth management firms. Credit: Piotr Swat/Shutterstock.com Carlyle and Bain Capital are in contention to acquire Wealth Enhancement in a deal that could value the wealth management platform at about $7bn including debt, the Financial Times has reported. Wealth Enhancement oversees nearly $160bn in client…

While the index held above the 50 threshold that signals a net positive outlook, the slide reflects mounting concern about near-term conditions. Thirty-nine percent of agents described themselves as more optimistic than the prior month, versus 25% who reported feeling more pessimistic. The company’s Transaction Growth Index — which tracks year-over-year deal activity — was…

Enterprises have spent millions of dollars acquiring artificial intelligence models, copilots and capabilities. The next dollar thrown at a smarter model may be worth less than the next dollar spent fixing the data, permissions, workflows and organizational plumbing preventing existing AI from doing real work. That is the bigger implication of the PYMNTS Intelligence report…

“I really don’t want to miss my baby’s first year.”