Management

Stocks still have major upside potential with the Fed poised to backstop sluggish stimulus progress, says the world's largest wealth manager

5 days ago   |   By Business Insider

Spencer Platt/Getty Images
Investors continue to cling onto hope that another round of fiscal stimulus to combat the COVID-19 pandemic will be passed by Congress. While more stimulus would likely provide a boost to stocks, any setbacks in the deal making process "won't derail equity rally," UBS chief investment officer Mark Haefele said in a note on Friday. Potential setbacks became clear this week after Senate Majority Leader Mitch McConnell called a stimulus proposal from the Democrats "unserious." "While near-term uncertainty could persist, we believe the case for further upside in...
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The world's biggest crypto fund manager says Bitcoin is the next step in the evolution of money - and 'I can't use it to buy coffee' is no longer a sound argument

The world's biggest crypto fund manager says Bitcoin is the next step in the evolution of money - and 'I can't use it to buy coffee' is no longer a sound argument

5 days ago   |   By Business Insider

Summary List Placement
Bitcoin is not a fad that will fade away, said Michael Sonnenshein, managing director of Greyscale Investments.
Investors understand that "buying Bitcoin and putting it in their portfolio is meant to be a store of value, inflation hedge, a digital gold, a digital form of money," Sonnenshein told Business Insider.
Investors should not get hung up over the fact that there are only 21 million Bitcoin that will ever exist, because each coin has a 100 million units.
Investors like the fact they can buy a fraction of the coin and add to their position over time, the crypto...
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The world's biggest crypto fund manager says Bitcoin is the next step in the evolution of money - and 'I can't use it to buy coffee' is no longer a sound argument

5 days ago   |   By Business Insider

Nicolas Economou/NurPhoto via Getty Images
Bitcoin is not a fad that will fade away, said Michael Sonnenshein, managing director of Greyscale Investments. Investors understand that "buying Bitcoin and putting it in their portfolio is meant to be a store of value, inflation hedge, a digital gold, a digital form of money," Sonnenshein told Business Insider. Investors should not get hung up over the fact that there are only 21 million Bitcoin that will ever exist, because each coin has a 100 million units. Investors like the fact they can buy a fraction of the coin and add to their position...
Read more ...

 


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3 tricks I've been using for years to keep from spending too much - or too...

3 tricks I've been using for years to keep from spending too much - or too little - on gifts

Summary List Placement Between my large family and multiple birthdays to celebrate, my holiday spending can easily get out of control. I've been using a few strategies to keep... Read more ...

London Short-term Rental Occupancy Rebounds in October

London Short-term Rental Occupancy Rebounds in October

The short-term rental segment in London reported occupancy in October reached 62.4%, a 5.9% increase from September. Read more ...

Week Ending November 21st U.S. Hotel Occupancy at 41.2 Percent Slipped...

Week Ending November 21st U.S. Hotel Occupancy at 41.2 Percent Slipped Further from Previous Weeks

U.S. hotel occupancy dropped 32.6% to 41.2% during the week of 15-21 November. ADR fell 29% to $88.54 and RevPAR declined 52.2% to $36.45. Read more ...

REVEALED: How much Tesla, Rivian, and Nikola pay their employees, from...

REVEALED: How much Tesla, Rivian, and Nikola pay their employees, from engineers to managers

Summary List Placement A new generation of electric-vehicle startups is competing with Tesla for talent, in some cases recruiting employees away from the electric-car... Read more ...

Proclamation of Thanksgiving

Proclamation of Thanksgiving

By the President of the United States of America. A Proclamation. The year that is drawing towards its close, has been filled with the blessings of fruitful fields and... Read more ...

Meet the Thanksgiving Lobby - the special interests with Turkey Day money on...

Meet the Thanksgiving Lobby - the special interests with Turkey Day money on their minds

Summary List Placement Every interest in the country seems to have a lobbyist working for it in Washington. So why not the most American of holidays - Thanksgiving? If it's on... Read more ...

The stock-market impact of millennial investors has gotten overblown amid...

The stock-market impact of millennial investors has gotten overblown amid declining trading volumes - and it's actually the older crowd that's exerted more influence, JPMorgan says

Summary List Placement Older retail investors were "partly responsible" for the market's price swings through October and November, while younger traders played "a rather... Read more ...

Most of England banned from household mixing for months under Boris...

Most of England banned from household mixing for months under Boris Johnson's new tiered coronavirus restrictions

Summary List Placement Most of England will be banned from meeting with other households, potentially until the spring, after Boris Johnson announced a toughened up 3-tier... Read more ...

Biden is reportedly considering Roger Ferguson, Gary Gensler, and former...

Biden is reportedly considering Roger Ferguson, Gary Gensler, and former American Express CEO Kenneth Chenault for top economic policy positions

Summary List Placement President-elect Joe Biden is considering Roger Ferguson, Gary Gensler, and Kenneth Chenault for some of the top economic policy roles in his... Read more ...

10 things you need to know in markets today

10 things you need to know in markets today

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. For the biggest stories in politics, sign up... Read more ...