Cryptocurrency lending company BlockFi is partnering with investment manager Neuberger Berman to launch a series of crypto investment products, like exchange-traded funds (ETFs), which are taking the digital currency market by storm. Only weeks ago, BlockFi filed with the Securities and Exchange Commission to list its “BlockFi Bitcoin Strategy ETF,” which kicks off a 75-day regulatory approval process. As proposed, the fund will hold Bitcoin (BTC-USD) futures contracts, similar to ETFs… Source link
Read More »‘We want to start taking away student loans’
Colgate University is using its billion-dollar endowment to address the issue of college affordability, starting with 600 freshman students this fall. To tackle the growing burden of student loan debt, the New York-based private liberal arts college earlier launched an initiative called the Colgate Commitment: An Initiative in Access and Affordability that will provide full tuition support for the lowest-income students and more, beginning with about 600 students in the class of 2026. “We… Source link
Read More »Is Yandex (NASDAQ:YNDX) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a company is. Importantly, Yandex N.V. (NASDAQ:YNDX) does carry debt. But the more important question is: how much risk is that debt… Source link
Read More »Why inflation scares haven’t hammered the stock market
Despite the ever scary inflation headlines, the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are flirting with record highs. That’s counter to prevailing wisdom, right? On paper, increasing inflationary pressure brought on mostly from the pandemic should be pounding corporate profit margins and weighing on outlooks. So far this earnings season, on balance that hasn’t happened and stock prices have been fast to jump on the less dire narrative, pros say. “Investor sentiment had… Source link
Read More »Dominance And Collusion: Inside The Unredacted Antitrust Lawsuit Against Google’s Ad Tech Business
Alibaba Has Lost $344 Billion in World’s Biggest Wipeout
(Bloomberg) — Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Most Read from Bloomberg Yet one year on, the technology titan has lost a whopping $344 billion in market capitalization — the biggest wipe-out of shareholder value globally, according to data compiled by Bloomberg. Shortly after the now infamous speech, Beijing suspended the listing of its fintech arm Ant… Source link
Read More »Analysis-From zero to $12 billion; investors chase Trump stock hype
By Krystal Hu and Anirban Sen (Reuters) – Donald Trump has united some of his supporters and detractors in buying shares in his new company and hoping to score a big win. Anthony Nguyen, a 49-year-old software consultant from Austin, Texas, is a Republican who refused to vote for the former U.S. president in last year’s election. Last week he joined the millions of online day traders who drove up the value of the company that will house Trump’s new social media venture to almost $12 billion…. Source link
Read More »Robot mail: Russian Post teams up with Yandex to deliver parcels in Moscow
Yandex.Rover, a driverless robot for delivering hot restaurant meals, is seen at a business district in Moscow, Russia December 10, 2020. REUTERS/Evgenia Novozhenina MOSCOW, Oct 25 (Reuters) – Self-driving robots have started delivering parcels in certain Moscow neighbourhoods after tech giant Yandex (YNDX.O) teamed up with the state-run Russian Post service, the companies said on Monday. Yandex, which operates a raft of services from online search to ride-hailing, already uses robots for food… Source link
Read More »Motor racing-Perez endures ‘toughest race’ without water in Texas heat
Oct 24 (Reuters) – Red Bull Formula One driver Sergio Perez said Sunday’s U.S. Grand Prix was the hardest and longest race of his life after his car’s water bottle failed and left him dehydrated in the Texas heat. The Mexican finished third in a race won by Dutch team mate Max Verstappen at Austin’s Circuit of the Americas, but he was clearly suffering after he got out of the car. “I struggled massively, you know. Since lap one I ran out of water. I couldn’t drink at all,” he said before the… Source link
Read More »Most Asian Stocks, U.S. Futures Dip; Lira Slides: Markets Wrap
(Bloomberg) — Most Asian stocks dipped Monday as traders weighed inflation risks, a Covid-19 outbreak in China and earnings prospects for major technology firms. Turkey’s lira slid to a record low amid a diplomatic spat. Most Read from Bloomberg Equities posted modest losses in Japan, Hong Kong and China, where the central bank boosted a daily liquidity injection. Investors are assessing a delta-variant virus outbreak in China that’s expected to worsen as well as economic challenges from… Source link
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