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Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

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Artificial Intelligence: Marty the Robot Hunts for Spills in Supermarket Aisles

Marty the supermarket robot is rather smart. Armed with three high-resolution cameras, computer vision, navigation systems, numerous sensors, and smart AI software, Marty is able to sidestep shoppers and pinpoint spills. Marty is a social robot and the first of its kind to be deployed in a live customer environment in supermarkets.

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Some Hedge Funds and Airlines to Gain from Thomas Cook’s Collapse
September 23, 2019

Hedge funds that used credit default swaps to bet on Thomas Cook’s collapse will make a lot of money. The 178-year old travel operator, Thomas Cook’s collapse, will lead to…

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WeWork CEO Adam Neumann Steps Down; Company May Cut 5,000 Jobs
September 23, 2019

WeWork’s founder and chief executive officer has stepped down as CEO but will continue as non-executive chairman. WeWork’s Adam Neumann said he had decided it was in the best interest…

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WeWork CEO Neumann facing boardroom coup?
September 23, 2019

WeWork CEO Adam Neumann may be forced out if some members of his company’s board have their way, reports Bloomberg. According to unnamed sources, SoftBank Group head honcho Masayoshi Son…

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Elliott Management Bulking Up on Cash
September 22, 2019

Paul Singer’s Elliott Management, fearing a market meltdown, is raising fresh money from investors. The activist investor could raise a war chest of $5 billion, according to an investor.

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Fitbit May Sell Itself: Reuters
September 20, 2019

Wearable device maker Fitbit may be exploring the feasibility of a sale as competitive pressures mount. Fitbit has been talking to boutique investment bankers Qatalyst Partners on the subject of…

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Independent Community Bankers of America Want the SAFE Act Passed
September 19, 2019

Community Banks Back Cannabis Financial Services Bill The Independent Community Bankers of America sent a letter to the leadership of the House and the Senate urging them to pass the…

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FDIC Approves New Leverage Standards for Community Banks
September 19, 2019

“Here’s the Latest on the New Community Bank Leverage Standards New community bank leverage standards will reshape the industry. The FDIC approved a different measure of leverage for community banks…

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Private Equity in the Dock for Alleged “Surprise Billing Practices”
September 19, 2019

A bipartisan Congressional investigation is to determine whether private equity giants are behind price gouging in emergency care. “Surprise billing practices” are unexpectedly large medical bills from an out-of-insurer-network physician…

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AT&T Considering Options for DirecTV Unit
September 19, 2019

AT&T may sell DirecTV, among other options, as consumers drop TV connections. Telecom giant AT&T, which bought DirecTV for $49 billion in 2015, maybe considering a U-turn on the unit….

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US Fed Cuts Rates by 25 Bps; Trump Says Fed Has No Guts
September 18, 2019

As expected, the Fed cut interest rates to sustain the economy but was non-committal on future cuts. Fed Chair Jerome Powell painted an optimistic picture of the US economy, citing…

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