State of Michigan Unveils Nearly $6,600,000 Investment in ARK 21Shares Bitcoin ETF – The Daily Hodl
New documents reveal that the state of Michigan has millions of dollars worth of investments in the ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF). According to the new 13-F Filing The State of Michigan Retirement System, in cooperation with the U.S. Securities and Exchange Commission (SEC), has purchased 110,000 shares of the ARK 21Shares BTC […]
Citadel boosts stake in James Dolan’s Sphere after Steve Cohen investment
Ken Griffin’s Citadel increased its stake in James Dolan’s Sphere Entertainment just weeks after it revealed that another hedge fund mogul, Mets owner Steve Cohen, had invested in the company. Citadel Advisors has increased its stake in the company that owns Las Vegas’ revolutionary concert venue from 1.6% to 5.3%. According to an SEC filing […]
Starbucks shares jump after Elliot Investment Management buys big stake in coffee giant
Shares of the coffee chain surged in late trading on Friday after activist investor Elliott Investment Management reportedly has a sizable position in Starbucks. Elliott is reportedly pressuring Starbucks, which has been criticized for its long wait times, to find new ways to boost its stock price. The Wall Street Journal was first to report […]
Morgan Stanley’s profit jumps as investment banking recovers
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Morgan Stanley’s second-quarter profit rose as its investment-banking business recovered on strength in equity and debt underwriting. The bank’s shares were still down 2% in choppy pre-market trading as asset management revenue rose […]
Democrats press ground game advantage with huge investment in swing states
The Democratic National Committee counterprogrammed Day 1 of the Republican National Convention with an announcement of its own. Democrats are investing $15 million in swing-state Democratic parties to set up field offices and apply more pressure to a Republican Party that has gone light on ensuring there is a ground presence to stir up voters. […]
Hobbs Admin Suggests Yee Broke Law At State Board Of Investment Meeting
Estimated Reading Time: 2 minutes The Hobbs administration suggests that Treasurer Kimberly Yee violated state law by refusing to recognize agency-based board members at a State Board of Investment meeting on Tuesday. Yee did not acknowledge the employees from two departments in response to Gov. Katie Hobbs’ decision to pull all of her agency director […]
Joe Biden Gives $504 Million to Tech Investment Hubs Across United States
President Joe Biden’s administration will reportedly provide $504 million in funding to 12 tech hubs to expand research in AI, semiconductor manufacturing and clean energy. The funding will go to tech hubs in New York, Florida, South Carolina and the battleground state of Nevada. report From Bloomberg. Researchers in Florida focusing on sustainable and climate-resilient […]
Investment Challenges Ahead in 2023
Estimated Reading Time: 5 minutes In line with our promise to provide more guidance and opinions on personal finance, the following is offered as our take on what 2023 will likely provide for investors. We hope to provide a little theory to develop your thinking and some actionable ideas. Keep in mind this is for educational […]
Volkswagen Rescues EV Failure Rivian with $5 Billion Investment
Volkswagen and Rivian announced a joint venture that will bring Rivian’s EV software expertise to Volkswagen’s product lineup. The $5 billion deal is a lifeline for Rivian, which has faced major financial difficulties this year. Electrek Reports The VW-Rivian partnership marks a major step in the industry’s transition to EVs: VW has committed an initial […]
Here Is Why Bitcoin Is a Better Investment Opportunity Than Gold – The Motley Fool
These two assets seem to be constantly compared. Had a great time as an owner Bitcoin (BTC 0.64%)Since the beginning of 2023, the top digital asset has surged 307%. Spot exchange-traded fund (ETF) approval and April Halvingwas the most recent catalyst. Investors are also Close to the all-time high Bullish sentiment is to blame. Bitcoin […]