nsomniyak
1 week ago
yes - that is their securities lending program. It is pretty simple. You authorize your account for such lending, then they can grab the shares at any time and lend them out. They split the income with you. At any time you can see what rate you are being paid on any stock they have borrowed, and at any time it only takes a phone call if you want to have them retrieve the loaned shares so you can sell them.
It is a good way to get some current income out of stocks that don't pay dividends, especially on stocks you are holding for the long term. They do pay out to you every month (even though the interest rate they quote is, naturally, an annual one). The interest rate varies by stock and over time - it is tied to the rate at which they are loaning out the shares. Sometime the rate paid to you can get pretty high - up in the 30% rate.
If your perspective is short term then you might be concerned that this makes shares available to shorts and therefore might depress the price short term - but that is not an issue if you are not looking at short-term trading in the stock.
I have done this with many securities at Schwab in the past, although I have nothing out on load at present.
fwb
2 weeks ago
BigBear.ai And Palantir Announce Strategic Partnership, Combining AI-powered Products With Next Generation Operating Platform
SNIFF, SNIFF........
COLUMBIA, Md. & DENVER--(BUSINESS WIRE)--BigBear.ai, a leading provider of artificial intelligence, machine learning, big data analytics, and cyber solutions, and Palantir Technologies Inc. (NYSE: PLTR), a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments, today announced that they have entered into a commercial partnership under which BigBear.aiโs and Palantirโs products will be integrated to extend the operating system for the modern enterprise with data and AI that provide advice and other actionable insights for complex business decisions.
As part of the integrated product offering, Palantirโs Foundry platform will be integrated with BigBear.aiโs Observe, Orient and Dominate products, creating powerful machine learning extensions for the Palantir ecosystem that will provide global data collection, generate actionable insights and deliver anticipatory intelligence at enterprise scale to address high-growth federal and commercial verticals including space, retail, logistics and energy.
BigBear.ai will have an opportunity to extend Palantirโs products with its forecasting, course of action optimization, conflation, computer vision, natural language processing, and other predictive analytics via low-code interfaces. Building upon the agility and scalability of Palantirโs Foundry data and analytics fabric, BigBear.aiโs products will enable businesses to achieve return on investment faster with out-of-the-box optimization solutions for pricing, inventory and asset allocation, facility and operations management, and customer targeting โ all built to be sensitive to todayโs connected economy through the inclusion of BigBear.aiโs global data for situational awareness and competitive intelligence.
The parties also will explore taking joint products to market, which the companies anticipate would rapidly increase Palantirโs addressable opportunities and accelerate BigBear.aiโs roadmap and sales channel. For example, exploring how BigBear.aiโs commercial space solutions could be deployed together with Palantir products in the federal government space. BigBear.aiโs near real-time observations of places, events, and other entities could be easily disseminated to Palantir customers and tied into business process automations and analytics.
Brian Frutchey, BigBear.ai Chief Technology Officer, said, โWe are thrilled to partner with Palantir to deliver a more robust range of capabilities to our respective customer bases at a time in which demand for AI and ML solutions is growing rapidly. We are confident that this partnership will accelerate BigBear.aiโs penetration into high growth markets, including commercial markets and the Federal government, and help us expand our existing customer relationships as well as attract new customers at this critical stage of expansion for BigBear.ai.โ
Akash Jain, President of Palantir USG, said, โWe see immense opportunities to deliver more, faster for customers by partnering with cutting edge companies who can leverage Foundry as Infrastructure in their offerings. BigBearโs unique AI capabilities can achieve scalable distribution across government and commercial customers alike through Apollo and Foundry.โ
fwb
4 weeks ago
BigBear.ai Awarded GSA OASIS+ IDIQ Contract for Federal Civilian and Defense Agencies
December 19 2024 - 8:05AM
Business Wire
BigBear.ai (NYSE: BBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, has been awarded a position on the U.S. General Services Administrationโs (GSA) OASIS+ (One Acquisition Solution for Integrated Services Plus) Unrestricted Multiple Agency Contract (MAC).
OASIS+ is a best-in-class, government-wide suite of contracts designed to streamline the procurement of complex professional services across all federal agencies. This multiple-award IDIQ (Indefinite Delivery Indefinite Quantity) contract has no maximum dollar ceiling and offers a 10-year ordering period with an unlimited number of task orders at any dollar value, providing government customers with flexible and efficient access to BigBear.ai solutions.
โWe are honored to be selected for GSA OASIS+,โ said Mandy Long, CEO of BigBear.ai. โThis milestone underscores our proven track record of delivering innovative solutions that merge deep expertise with cutting-edge technology. Through OASIS+, we look forward to expanding our reach and impact across critical federal missions while strengthening our partnerships with existing customers.โ
BigBear.aiโs award includes 75 Contract Line Item Numbers (CLINs) across 5 key domains, demonstrating the companyโs breadth of capabilities and strategic alignment with federal priorities. BigBear.aiโs awarded domains are:
Management and Advisory
Technical and Engineering
Research and Development
Intelligence Services
Logistics
By securing a GSA OASIS+ master contract, BigBear.ai joins a group of almost 600 companies trusted to deliver complex and integrated professional and technical services.
fwb
4 weeks ago
Tell that to PETER THIEL
Education Stanford University (BA, JD)
Occupations
Businessman entrepreneur venture capitalist
Title
President of Clarium Capital
Chairman of Palantir
Partner in Founders Fund
Chairman of Valar Ventures
Chair of Mithril Capital
Thiel married his long-time partner Matt Danzeisen in October 2017, in Vienna, Austria
Thiel was also in a long-term relationship with Jeff Thomas, a social media influencer, from the onset of the COVID-19 pandemic until Thomas's sudden death in March 2023.