Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The apparent resurgence in the US meme-stock madness shows there are still plenty of idiots mucking around in public markets. Just not in the places you may think. This week, the man, the meme master,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Berkshire Hathaway has quietly built a $6.7bn position in New York-listed Chubb, one of the world’s biggest insurance companies, highlighting Warren Buffett’s continued interest in financial services, according to regulatory filings published on Wednesday. Buffett’s…
In a new disclosure, investment management company Millennium Management has revealed holdings of almost $2 billion in spot Bitcoin ETFs. This revealing was made through a SEC 13F-HR institutional investment manager holdings report filed today, and disclosure underscores the increasing interest and investment in Bitcoin ETFs by major institutional players. JUST IN: 🇺🇸Millennium Management discloses it holds…
Announced today, Tether, the leading stablecoin issuer, has emerged with a robust balance sheet showcasing ownership of over $2.8 billion in Bitcoin. The information comes to light following an audit conducted by BDO, a renowned auditing firm, as detailed in the official auditor’s report. The audited report provides a comprehensive analysis of Tether’s financial standing,…
Jonathan Knowles/DigitalVision via Getty Images Blackstone Mortgage Trust (NYSE:BXMT) is one of the largest and most respected Mortgage REITs. It is externally managed by a subsidiary of Blackstone. BXMT provides short-term transitional floating rate loans to borrowers for properties that are being are being renovated, are under construction, or not stabilized due to existing or…
For Q4 2023, BlackRock posted revenue of $4.63 billion and earnings of $9.66 per share. BlackRock, the largest asset manager in the world, posted the fourth-quarter (Q4 2023) earnings which surpassed the projections made by analysts. The company also unveiled the acquisition of Global Infrastructure Partners as part of its expansion into private markets. For…
Revolut anticipates that its revenue for 2023 will continue its growth trajectory. British online banking company Revolut has finally published its delayed 2022 annual financial earnings report on Friday, December 22. The company reported a significant 45% increase in revenue for the year, reaching £922.5 million worth appropriately $1.2 billion. The pre-tax loss, in turn,…
Eoneren The Schwab U.S. TIPS ETF™ (NYSEARCA:SCHP) contains a portfolio of TIPS. We posit that the U.S. bond markets, which are pricing in around 2.1% inflation annualized over the next 10 years, are not on the right track in terms of their assessment. We think that high inflation rates will continue to disappoint markets with…
At present, the training and operation of AI models is restricted to large tech companies. Crypto has the potential to help create multi-sided, global, permissionless markets where anyone can contribute data and be compensated for it. Venture capital firm Andreessen Horowitz (a16z) has released its “big ideas” for 2024, with its crypto arm composing a list…
One of the factors that align with the ‘perfect storm’ is the upcoming Bitcoin halving event expected to occur in April 2024. According to a tweet on X by John Deaton, a prominent crypto lawyer actively representing XRP holders in the ongoing SEC case, US regulators may finally approve Bitcoin exchange-traded funds (ETFs) very soon….
Many people across the globe are surfing the internet to understand the implications of the Bitcoin spot ETF approval and how they can maximize the benefits. The buzz around the potential introduction of Bitcoin (BTC) into the mainstream financial sector through exchange-traded funds (ETFs) has gained the interest of everyday investors. According to insights from…
At the event, the Managing Director of Bitget Gracy Chen delivered a speech titled “Top Crypto Opportunities in Q4 2023 and Beyond” where she provided insights into the goals Bitget aims to pursue in the crypto industry. Seychelles-based cryptocurrency exchange Bitget is taking part in the Future Blockchain Summit being held in Dubai from October 15…
Justin Sullivan Investment Thesis iRobot Corporation (NASDAQ:IRBT), known for its Roomba vacuum cleaners, finds itself at a financial crossroads. iRobot Corporation, despite its 30-year history and a customer base that grew by 18% to 18.6 million in Q2 2023, is currently a high-risk investment, making it unsuitable for both short-term and long-term portfolios. The company’s…
Trump’s aversion to crypto is directly opposed to the position of the rest of his party. Donald Trump’s 2023 public financial disclosure has revealed that the former president holds Ethereum (ETH) worth between $250,000 and $500,000. These details were part of a revised financial filing submitted by Trump. The filing outlined various income sources for…