November 18, 20240 Comments

Druckenmiller bought regional banks but a healthcare pick is his biggest bet

Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one healthcare name his biggest position last quarter — two bets that have been rallying since the election of President-elect Trump two weeks ago. The former lead portfolio manager for George Soros’ Quantum Fund, who now runs his own Duquesne Family Office, bought $115 million worth of shares in SPDR S & P Regional Banking ETF (KRE)

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November 18, 20240 Comments

How DeFi Is Preparing for DC’s Next Chapter

Second, build useful applications. During the hearing, representatives asked about financial and non-financial use cases. It was a privilege to answer questions and discuss The Value Prop, an open database cataloging use cases for blockchain-based applications across all crypto networks, like Ethereum, Bitcoin and more. I’ll say the quiet part out loud: For many, speculation is fun. But if the industry only chases the pump, it will never demonstrate the

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November 18, 20240 Comments

For Tax Purposes

President-elect Donald Trump made a number of tax cut promises on the campaign trail; from social security and SALT, to reducing corporate income taxes, as well as ending taxes on tipped income and overtime pay. But the road ahead is different from Trump’s first victory in 2016. We take a closer look at the most likely outcomes. Source link

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November 18, 20240 Comments

Poland stocks lower at close of trade; WIG30 down 0.07% By Investing.com

Investing.com – Poland stocks were lower after the close on Monday, as losses in the , and sectors led shares lower. At the close in Warsaw, the lost 0.07% to hit a new 6-months low. The best performers of the session on the were Benefit Systems SA (WA:), which rose 5.31% or 130.00 points to trade at 2,580.00 at the close. Meanwhile, Grupa Azoty SA (WA:) added 3.70% or 0.72

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November 18, 20240 Comments

flat around $90k as post-election rally slows By Investing.com

Investing.com — remained near the $90,000 mark on Monday, easing back from record levels reached last week. The cryptocurrency’s pullback came as enthusiasm surrounding Donald Trump’s presidency began to cool, and broader market sentiment was dampened by growing uncertainty over the US interest rate policy path. Bitcoin surged by approximately 11% last week, during which it notched an all-time high of nearly $93,500. The rally was fueled by optimism sparked

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November 18, 20240 Comments

Goldman Sachs To Create Blockchain Platform For Trading

Goldman Sachs is preparing to spin out its digital assets platform into a new company focused on leveraging blockchain technology for large financial institutions. According to Mathew McDermott, Goldman’s global head of Digital Assets, the platform leverages blockchain to enhance efficiency.  More so, the platform will streamline the creation, trading, and settlement of financial instruments. The spin-out process, still in its early stages, is expected to be executed within the

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November 18, 20240 Comments

Ripple Whales Bag $526M Coins As XRP Eyes Rally To $7.5

In the latest XRP news, Ripple Whales appears to be on a buying spree, sparking optimism in the broader crypto market. Notably, this comes amid growing interest in the cryptocurrencies issued by US firms, which include ADA, XRP, SOL, and others. Besides, the market experts also provided a bullish forecast for Ripple’s native crypto amid soaring market optimism and investors’ interest, hinting at XRP’s potential rally to $7.5 next. XRP

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November 18, 20240 Comments

Russia warns U.S. is adding fuel to fire with long-range missile decision

Local residents walk past destroyed houses in the city, approximately 10 km from the frontline, on November 16, 2024 in Pokrovsk, Ukraine. Libkos | Getty Images The Kremlin has lashed back against a White House decision to now allow Ukraine to use U.S.-made long-range weapons for limited strikes inside Russian territory. The decision, reported by NBC News, marks a major reversal in Washington policy a mere two months before the

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November 18, 20240 Comments

No-frills US carrier Spirit Airlines files for bankruptcy protection

US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts. On Monday, the Florida-based airline said it had arranged an agreement to restructure its debt and raise money during a bankruptcy process that is expected to last until early 2025. During that time, Spirit’s operations will continue as normal and passengers will be unaffected, it said.

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