Tag Archives: Funds

Digital asset manager Osprey Funds lays off staff as crypto winter fallout continues

Digital asset manager Osprey Funds lays off staff as crypto winter fallout continues

Digital asset manager Osprey Funds has laid off 15 employees and is currently operating with fewer than 10 employees, including four members of its leadership team, a source familiar with the matter tells Yahoo Finance. “Osprey had layoffs last summer and fall aligned with the downturn in the crypto market, however Osprey remains strong,” Osprey Funds CEO Greg King told Yahoo Finance over email. Osprey’s Bitcoin Trust (OBTC), which is available at online brokers Fidelity, Charles Schwab, and… Source link

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Biden unveils $36B for one of America’s largest and most troubled pension funds

Biden unveils $36B for one of America’s largest and most troubled pension funds

The White House is sending $36 billion to buttress the Central States Pension Fund, one of the biggest and most troubled funds that manages the pensions of over 350,000 union workers and retirees. The pending announcement on Tuesday comes about 21 months after President Biden promised $86 billion to troubled multi-employer pension funds via a controversial provision tucked inside the American Rescue Plan. The check from Washington is a note of finality in the decades-long push to shore up… Source link

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RECH Foundation uses funds from Google to assist former inmates

RECH Foundation uses funds from Google to assist former inmates

JACKSON, Miss. (WLBT) – The holiday spirit is already flowing for one foundation in Jackson after receiving a grant from Google. “Christmas came a lot early for us with this award,” Pauline Rogers, director of the Reaching and Educating Community Hope (RECH) Foundation said. In June, Google announced it was investing $4 million towards a new fund that aims to expand the company’s justice reform work. Thousands of nonprofit organizations across the country applied to receive support from… Source link

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Funds vanish at bankrupt crypto exchange FTX; probe underway

Funds vanish at bankrupt crypto exchange FTX; probe underway

NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets, according to a tweet by FTX’s general counsel Ryne Miller. FTX is also coordinating with law enforcement and regulators,… Source link

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Sam Bankman-Fried secretly transferred FTX customer funds to Alameda Research after his trading firm suffered losses in the spring, report says

Sam Bankman-Fried secretly transferred FTX customer funds to Alameda Research after his trading firm suffered losses in the spring, report says

Sam Bankman-Fried.Craig Barritt/Getty Images for CARE For Special Children Sam Bankman-Fried transferred at least $4 billion in FTX funds to Alameda Research earlier this year, sources told Reuters. The money included customer funds as well as those backed by FTX’s native token FTT and shares in Robinhood.  The Wall Street Journal reported FTX lent more than half of its $16 billion in customer funds to Alameda in total. Sam Bankman-Fried transferred at least $4 billion from FTX to Alameda… Source link

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How Google’s Ad Business Funds Disinformation — ProPublica

How Google’s Ad Business Funds Disinformation — ProPublica

Google is funneling revenue to some of the web’s most prolific purveyors of false information in Europe, Latin America and Africa, a ProPublica investigation has found. The company has publicly committed to fighting disinformation around the world, but a ProPublica analysis, the first ever conducted at this scale, documented how Google’s sprawling automated digital ad operation placed ads… Source link

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Warren Buffett recommends low-cost index funds for most people — but BofA says the S&P 500 is the ‘worst thing to hold’ right now. Buy these 4 top sectors to avoid confusion

Warren Buffett recommends low-cost index funds for most people — but BofA says the S&P 500 is the ‘worst thing to hold’ right now. Buy these 4 top sectors to avoid confusion

Warren Buffett recommends low-cost index funds for most people — but BofA says the S&P 500 is the ‘worst thing to hold’ right now. Buy these 4 top sectors to avoid confusion Warren Buffett likes index funds — particularly those that follow the S&P 500. “In my view, for most people, the best thing is to do is owning the S&P 500 index fund,” he once said. Don’t miss But that strategy may not be optimal in the current market environment according to Bank of America’s head of U.S…. Source link

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Texts reportedly show Brett Favre seeking millions in federal welfare funds for Southern Miss volleyball stadium

Texts reportedly show Brett Favre seeking millions in federal welfare funds for Southern Miss volleyball stadium

Brett Favre’s Mississippi welfare scandal keeps getting bigger. (Photo by Patrick McDermott/Getty Images) Throughout his Mississippi welfare fund scandal, Brett Favre has pleaded innocence or, at worst, ignorance. No, he didn’t just take the $1.1 million and run, he actually did record ads for the nonprofit involved. No, he had no idea that money came from a program intended to help needy families. No, he really did pay back the money (with no interest). A new report from Mississippi Today… Source link

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Google.org Funds UT Austin to Support Computer Science Education

Google.org Funds UT Austin to Support Computer Science Education

AUSTIN, Texas — Investing in systemic change is vital to successfully diversifying the computer science education and workforce pipeline. In the first large contribution of private funds to support The University of Texas at Austin’s Expanding Computing Education Pathways (ECEP) Alliance, Google.org is providing grant support to ECEP to build additional capacity to broaden participation across the nation. “This is an investment in the success of future generations,”… Source link

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