Job-placement outcomes at top schools have declined since 2021, with tepid job growth in white-collar sectors. Kroger’s CEO was replaced amid an investigation unrelated to financial performance, while Trump’s tariff threats have led to significant stock market drops and increased uncertainty in the US economy. Meanwhile, the SEC is offering incentives for employees to resign as the Trump administration seeks to reduce government size, and competition for talent in finance is driving up compensation packages.
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Bidzina Ivanishvili Plans Legal Action Against Julius Baer Bank
Bidzina Ivanishvili, the Georgian billionaire and former prime minister, is suing Bank Julius Baer, claiming “political blackmail” after the bank threatened to close his accounts due to his status as a politically exposed person (PEP). His lawyer alleges the bank withheld account information related to hedge fund investments and misinterpreted US sanctions against him. Ivanishvili seeks legal action to enforce the bank’s obligations and obtain compensation.
read moreBitcoin and Ether ETFs See Significant Inflows After Holiday Slump
U.S. spot Bitcoin ETFs saw a significant turnaround with net inflows of $475.2 million on December 26, following a $1.52 billion outflow over four days. The Fidelity Wise Origin Bitcoin Fund led the inflows, while Bitcoin’s price dipped to just above $96,000.Ether ETFs also performed well, recording $117.2 million in inflows, driven by Fidelity and BlackRock. With only three trading days left in 2024, the crypto ETF market shows increasing investor interest and optimism for 2025, despite recent price volatility.
read moreCathie Wood predicts Bitcoin could reach 1.5 million by 2030
Cathie Wood, founder of ARK Invest, predicts Bitcoin could reach $1.5 million by 2030, emphasizing its potential to rival gold’s $15 trillion market cap. With a current valuation of $2 trillion, Bitcoin’s resilience and increasing institutional adoption bolster this optimistic outlook. As momentum builds, Wood’s vision highlights Bitcoin’s transformative role in global finance.
read moreSEC Approves Bitcoin Options ETF Listing on New York Stock Exchange
The SEC has approved the New York Stock Exchange’s listing of options for spot Bitcoin ETFs, allowing trading for 11 approved providers, including Fidelity and BlackRock. This regulatory shift aligns Bitcoin ETF options with other commodity-based ETFs. Additionally, the Chicago Board Options Exchange plans to list options for these ETFs in August 2024.
read moreImpact of US Election Candidates on Stock Markets and Economic Policies
As the US elections approach, the economic policies of Kamala Harris and Donald Trump diverge significantly, impacting potential stock market reactions. Harris advocates for increased regulation, consumer protection, and renewable energy investment, while Trump favors deregulation, tax cuts, and a protectionist trade stance. The election outcome, expected on November 5, 2024, will shape the economic landscape, with implications for market stability and growth.
read moreThe Importance of Rebalancing Your Investment Portfolio for Financial Stability
Investors should pay attention to their investment portfolio’s asset allocation, as the rise in the stock market has skewed many investment plans, leaving portfolios vulnerable to potential risks. Rebalancing, or adjusting the mix of stocks and bonds, is crucial to ensure a balanced and appropriate investment strategy, especially in the current market environment.
read moreEthereum ETFs Experience Mixed Performance in Early Trading Days
US Ethereum ETFs saw mixed performance on their second day, with significant outflows from Grayscale’s Ethereum Trust impacting overall figures. While some new ETFs experienced net inflows, Grayscale’s ETHE faced substantial outflows following its conversion to a spot Ether fund. Ethereum’s price decline, influenced by broader market trends, also contributed to the ETFs’ performance.
read moreVedanta Limited Raises Over $1 Billion Through QIP Offering
Vedanta Limited raised over $1 billion through a Qualified Institutions Placement (QIP) of equity shares, with top investors including Abu Dhabi Investment Authority, Goldman Sachs AMC, and Nippon Mutual Fund. The proceeds will be used to de-leverage Vedanta’s balance sheet and achieve a $10 billion EBITDA target, while the company also plans to demerge its business units into independent pure-play companies.
read moreCBOE to Launch Five Ethereum ETFs on July 23, Pending Approval
The Chicago Board Options Exchange is set to launch five spot Ethereum Exchange Traded Funds (ETFs) on July 23, pending regulatory approval. This move comes after the US Securities and Exchange Commission authorized rule modifications to allow the listing of multiple spot Ether ETFs. The anticipated launch has sparked increased demand from institutions, potentially leading to a shortage of Ether and heightened price volatility.
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