Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, making clear that his successor will have authority over not just takeovers but the sprawling conglomerate’s mammoth stock portfolio as well. At Berkshire’s annual general meeting in Omaha on Saturday, Buffett gave his most direct answer yet on how responsibilities…
Financial giant Goldman Sachs is in advanced discussions to secure a pivotal role as an authorized participant (AP) for the proposed spot Bitcoin Exchange-Traded Funds (ETF) from BlackRock and Grayscale Investments, CoinDesk reported. According to insider sources, Goldman Sachs is positioning itself to play a significant role in the creation and redemption of shares for the…
Like so many industries today, the medical sector is seeing increasing global engagement. Patients aren’t just limited to the health and dental care that’s available on their doorstep. Medical facilities can effectively connect to consumers from across the planet. This has created a thriving medical tourism market. It should come as no surprise that greater…
Jezperklauzen/iStock via Getty Images A few weeks ago, I wrote about Coya Therapeutics (COYA) and their approach to neuroinflammatory disease. Part 2 of my neuroinflammation series will examine a company called INmune Bio (NASDAQ:INMB) which has a different promising approach to neuroinflammation compared with Coya. INmune is a phase 2 stage biotech company focusing on…
The suit is demanding monetary damages, court costs and the remission of ill-gotten gains based on seven counts. Binance.US and Binance CEO Changpeng Zhao have both been slammed with a class-action suit. The suit was filed in the District Court of Northern California by a resident of the US state simply identified as Nir Lahav….
Pgiam/iStock via Getty Images The Treasury Market vs. the Equity Market The Economy (SPY or S&P 500) represents the real economy, which is a Coincident Indicator. The coincident indicator is a combination of the real (inflation adjusted) Gross Domestic Product [GDP] (or the real Domestic Income [GDI]) and the Labor Market. The labor market components…
fazon1/iStock Editorial via Getty Images Investment Thesis In my previous analyses for Seeking Alpha, I discussed the acquisitions of Schwab U.S. Dividend Equity ETF (SCHD), Realty Income (O), Philip Morris (PM) and Royal Bank of Canada (RY) for The Dividend Income Accelerator Portfolio. Those picks were the first four acquisitions for the portfolio. The Dividend…
ansonsaw By Bob Iaccino At a glance The BRICS nations have announced an intention to release a gold-backed currency to compete with the USD. Advantages of the BRICS bloc include access to the New Development Bank, bilateral swap agreements and local currency settlement. The rapid reversal of 2022’s strong U.S. dollar rally, combined with efforts…
Deep divisions over how to combat global warming at the next climate summit were on display this week, as efforts to green the world’s energy system were challenged by oil and gas executives, and petrostates. As world leaders and top officials gathered in New York ahead of the UN COP28 climate summit in ten weeks,…
The Bitcoin Policy Institute, in collaboration with the Cornell Brooks Tech Policy Institute, is set to host a high-profile panel discussion on the theme of “Digital Currencies & Strategic Competition.” The event, which promises to be a pivotal moment in the ongoing conversation about the role of digital currencies in global affairs, will be held…
adventtr/iStock via Getty Images By Dina Ting, CFA, Head of Global Index Portfolio Management, Franklin Templeton ETFs India is growing in influence on the world stage, and its vibrant market is worth paying attention to, according to Dina Ting, Head of Global Index Portfolio Management, Franklin Templeton ETFs. Find out more. From back-to-back celestial successes…
Bet_Noire/iStock via Getty Images Moore’s Legacy and the Semiconductor Landscape’s Shift Intel (NASDAQ:INTC) founder Gordon Moore, known for Moore’s Law, passed away on March 24, 2023. His observation that the number of transistors on a microchip doubled every two years guided semiconductor advancement for decades. This vision propelled Intel’s rise as the industry leader until…
Andres Victorero By Karen Veraa, CFA After 11 rate hikes, the Fed funds rate is at its highest level in 22 years – investors are able to get paid to hold fixed income investments. This higher rate environment creates a generational opportunity for bond investors. While past returns don’t guarantee future performance, bond ETFs have…
This is an opinion editorial by Michael Matulef, an independent student of Austrian economics and member of the Mises Institute. The impending U.S. presidential election has ignited a spark of excitement within the Bitcoin community, as various prospects have begun to vocalize their support for Bitcoin. Rising political interest in Bitcoin has culminated in the…
undefined undefined/iStock via Getty Images Investment Thesis Peabody Energy Corporation’s (NYSE:BTU) Q2 results delivered a very strong free cash flow (“FCF”) figure that allowed Peabody to repurchase just over 8% of its market cap during Q2. There are still some Asset Retirement Obligations (”ARO”) plus long-term debt obligations on Peabody’s balance sheet. But there’s also…