Tag Archives: Exposure

Crypto asset manager Ikigai is the latest firm to reveal it held a majority of its funds with FTX on Monday, while troubled lender BlockFi has engaged Berkeley Research Group. “We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday [morning], we got very little out,” Ikigai Chief Investment Officer Travis Kling said over Twitter. “We’re now stuck alongside everyone else.” Kling added in his announcement that the hedge fund would also make… Source link

Whether hot inflation persists or we’re heading towards a bear market, Suze Orman, personal finance expert, says you should still lean on stocks for the long haul. “Over the long-term stocks have produced the best gains after factoring in inflation,” writes Orman in a blog post. “Bonds and cash struggle to keep pace with inflation; only stocks have a track record of earning more than inflation.” Orman’s advice is sound. But some areas of the stock market perform better than others… Source link

Charlie Munger just doubled his bet on tech giant Alibaba to $71.5 million — try these 3 China plays instead to diversify your exposure Warren Buffett is famous for getting “greedy when others are fearful.” And his right-hand man Charlie Munger isn’t opposed to going against the herd, either. Best known as Berkshire Hathaway’s vice chairman and Buffett’s long-time business partner, Munger also serves as the chairman of Daily Journal, a newspaper publisher with a sizable stock portfolio of… Source link

Thanksgiving feasts will likely draw larger crowds than last year and incur higher costs. A recent Bank of America note detailed which companies have the most exposure to the top holiday dishes amid supply chain bottlenecks, inflation, lingering COVID concerns, low inventories, and evolving consumer behaviors.  Those companies are Campbell’s Soup Company (CPB), General Mills (GIS), The Kraft Heinz Company (KHC), Conagra Brands (CAG), Hormel Foods Corporation (HRL), McCormick & Company (MKC),… Source link

The school year is starting amid a surge in COVID-19 cases, particularly among children in states with the lowest vaccination rates, as the highly contagious Delta variant circulates in the U.S. “I have to believe it’s not coincidental that these high rates of exposure and COVID cases are linked to the lower vaccination rates in these communities,” Dr. Susannah Hills, pediatric airway surgeon and assistant professor of EMT at Columbia University Medical Center, said on Yahoo Finance… Source link

Bloomberg Banks Press Fed to Preserve $600 Billion in Balance-Sheet Leeway (Bloomberg) — Thanks to the pandemic, U.S. banks won a long-sought regulatory break that let them expand their balance sheets by as much as $600 billion without adhering to profit-denting safeguards. Now, firms are frantically lobbying to extend that relief before it expires at month’s end.The reprieve from what’s known as the supplementary leverage ratio — granted a year ago as Covid-19 rocked markets and the… Source link

The state of California has now expanded access of its CA Notify app to all in the state, after originally deploying the app in a pilot program at UC Berkeley in November, which later expanded to other UC campuses. The statewide launch of the app, announced by California Governor Gavin Newsom on Monday, means that the tool based on Apple and Google’s exposure notification API will be available for download and opt-in use to anyone with a compatible iPhone or Android device as of this… Source link

Images of the Android interface for the WA Notify app being released Monday. Washington state unveiled a new app to inform residents if they’ve been exposed to someone diagnosed with COVID-19, as infection rates in the state soar to an average of 2,700 cases a day. WA Notify, announced Monday morning, is a free app that uses technology developed through a joint effort by Apple and Google called the Exposure Notification System. The app takes advantage of low-energy… Source link

Google Vice President of Engineering Dave Burke provided an update about the Exposure Notifications System (ENS) that Google developed in partnership with Apple, as a way to help public health authorities supplement contact tracing efforts with a connected solution that preserves privacy while alerting people of potential exposure to confirmed cases of COVID-19. In the update, Burke notes that the company expects “to see the first et of these apps roll out in the coming weeks” in… Source link