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☆ 'It's a little frightening': Worldcoin surged 111% on its opening day. 2 experts explain why they would never scan their eyes in exchange for the crypto, and why they think the hype will fade.
▼ + stars: | 2023-08-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

On opening day, the WLD token surged from $1.70 to $3.58, up by about 110.6%, according to CoinMarketCap data compiled by Bloomberg. Isaac Patka, a former electrical engineer in the semiconductor industry turned crypto developer in 2017, believes the hype will soon fade. People could be exploited by signing up to get their irises scanned and then sell their accounts for a little bit of money in exchange for giving up their identity, Patka added. Now, what I mean by that is, if you're using a blockchain, it gets written to the blockchain," Arone said. You also run the risk of changes to the system, Arone added.

Persons: Isaac Patka, Geoffrey Arone, Sam Altman, aren't, it's, Patka, Worldcoin, Shield3, Arone, there's Organizations: Bloomberg, Arrington Capital, Experian, Clear

☆ YouTube can grow to a $240 billion standalone asset, says SVB MoffettNathanson’s Michael Nathanson
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYouTube can grow to a $240 billion standalone asset, says SVB MoffettNathanson’s Michael NathansonMichael Nathanson, SVB MoffettNathanson founding partner and senior research analyst, joins 'Squawk Box' to discuss the value of YouTube, why he believes it can grow from a roughly $40 billion business today to a more than $240 billion standalone asset, and more.

Persons: SVB MoffettNathanson’s Michael Nathanson Michael Nathanson, SVB

☆ Peltz, Druckenmiller, Navarro give big to Tim Scott PACs as DeSantis falters
▼ + stars: | 2023-07-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

A super PAC backing Republican presidential candidate Sen. Tim Scott, R-S.C. on Monday disclosed major donations from some of the nation's wealthiest business leaders. Between April and June this year, he gave $80,000 to the PAC backing Scott, who only officially entered the race in May. He also gave $15 million to Club for Growth Action, a separate super PAC that is taking on Trump's latest run for president. Rowan donated $250,000 to a different pro-Scott super PAC, Trust In The Mission (TIM) PAC, last quarter. Ben Navarro, a South Carolina businessman and CEO of Sherman Financial Group, donated $5 million to the same committee.

Persons: Sen, Tim Scott, Scott, Nelson Peltz, Jeffrey Yass, Stanley Druckenmiller, Peltz, Trump, Ron DeSantis, GOP megadonor, Druckenmiller, Marc Rowan, Rowan, Ben Navarro Organizations: PAC, Wall Street, Scott Opportunity, Federal, Commission, Trump, Trian Fund Management, Capitol, Florida Gov, GOP, Susquehanna International Group, Scott, for Growth, Opportunity Matters, Hamptons, Apollo Global Management, Trust, Sherman Financial Group Locations: Florida, Yass, South Carolina

☆ The new charges in the Trump classified documents case could delay the trial 'a couple of months', a legal expert says. That could push it closer to the 2024 election.
▼ + stars: | 2023-07-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The superseding indictment adds a third defendant and additional charges. A new defendant may push the trial date "a couple of months," a former federal prosecutor says. On Thursday, a grand jury returned a superseding indictment in the classified documents case, adding more charges, including two obstruction counts, and a third defendant. De Oliveira is expected to appear in a Miami federal court on July 31, the DOJ wrote in a press release of the superseding indictment. Trump's attorney did not immediately respond to a request for comment.

Persons: Donald Trump's, Carlos De Oliveira, Trump, Walt Nauta —, De Oliveira, Ken White, Brown White, Osborn, White, John Irving, Aileen Cannon, Trump's, Jack Smith, Walt Nauta Organizations: Service, Trump, DOJ Locations: Wall, Silicon, Miami

☆ Superseding indictment in Trump classified documents case could delay trial several months. But thinking about the election date is not a 'legitimate line of inquiry' for a prosecutor, legal expert sa
▼ + stars: | 2023-07-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The superseding indictment adds a third defendant and additional charges. On Thursday, a grand jury returned a superseding indictment in the classified documents case, adding more charges, including two obstruction counts, and a third defendant. De Oliveira is expected to appear in a Miami federal court on July 31, the DOJ wrote in a press release of the superseding indictment. In a notice, Jack Smith, the special counsel leading the DOJ's case, wrote that the additions in the superseding indictment "should not disturb the Court's scheduling order." Trump's attorney did not immediately respond to a request for comment.

☆ Veteran investor Mark Mobius explains why he's only investing outside the U.S.
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVeteran investor Mark Mobius explains why he's only investing outside the U.S.Mark Mobius, veteran investor and founding partner of Mobius Capital Partners, joins 'Squawk Box' to discuss where he's investing his money these days, the appeal of international and emerging markets, and more.

Persons: Mark Mobius Organizations: U.S, Mobius Capital Partners

☆ Focus: In Mexico, private cash races to plug nearshoring energy crunch
▼ + stars: | 2023-07-26 | by ( Isabel Woodford | Thomson Reuters | Isabel Is A British-Spanish Journalist Based In Mexico City. She Joined Reuters In As Part Of The Latin America News Hub | ) www.reuters.com time to read: +7 min

Sergio Arguelles, president of the Mexican Association of Private Industrial Parks (AMPIP), said parks' investment in state energy assets today is unprecedented. "Mexico would be very well positioned to take advantage of nearshoring if it didn't have such an energy problem," he said. THE SHRINKING STATEMexico's approach to its groaning electricity grid is in contrast to its fast-growing peers, which tend to either incentivize private energy contractors or have state utility companies with deep pockets. Still, there is some hope for the new wave of 47 planned industrial parks. Yet critics say Mexico's push for state control over energy distribution while also neglecting it is self-sabotage.

Persons: Daniel Becerril, Sergio Bermudez, Barbie, Mattel, Bermudez, …, Eduardo Martinez, Sergio Arguelles, Aaron Gallo, Gallo, Andres Manuel Lopez Obrador's, David Gantz, Electrobras, AMPIP's Arguelles, Lopez Obrador, Ramses Pech, Hans Joachim Kohlsdorf, Zonia Torres, Alfredo Nolasco, Isabel Woodford, Marguerita Choy Organizations: Federal Electricity Commission, REUTERS, MEXICO CITY, Unilever, Mexican Association of Private Industrial Parks, American Industries, Industries, CFE, U.S, Baker Institute, Thomson Locations: Mexico's, Santa Catarina, Monterrey, Mexico, MEXICO, Nuevo Leon, Brazil, Guanajuato

☆ Meta already appears to hold the rights to 'X.' It could make Twitter's rebrand complicated.
▼ + stars: | 2023-07-24 | by ( Sonam Sheth | Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg's Meta already appears to have a trademark for an "X" logo. Musk's new logo for "X" also resembles a Unicode character and a Monotype font. Twitter may have hit a snag while rolling out its new logo — it seems like Meta already holds the rights to it. Meta's "X" logo in its trademark filings looks different from the one Musk has put up on Twitter's website. Meta's "X" looks like two arrows with rounded ends pointing inwards — one white and one blue — while Twitter's "X" is a black and white angular rendition.

Persons: Mark Zuckerberg's Meta, Elon Musk, Zuckerberg's Meta, Matthew Scroggs, Josh Gerben, Meta, Gerben Organizations: Elon, Twitter, University College London, Monotype

☆ Fed appears to have won its war on inflation, says Cresset Capital's Jack Ablin
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed appears to have won its war on inflation, says Cresset Capital's Jack AblinJack Ablin, Cresset Capital founding partner, joins 'Power Lunch' to discuss earnings and the Fed ahead of Wednesday's meeting and how its next move will effect markets and the economy.

Persons: Cresset, Jack Ablin Jack Ablin Organizations: Cresset

☆ Sensorfact helps industrial companies manage their energy and water usage. Check out the 11-slide pitch deck it used to raise $28 million.
▼ + stars: | 2023-07-19 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Sensorfact has created a smart monitoring system to help industrial companies cut energy and water use. Check out the 11-slide pitch deck it used to secure 25 million euros (around $28 million). A Dutch startup helping industrial companies manage their energy and water use has just raised 25 million euros (around $28 million) from growth impact fund Blume Equity. Sensorfact, founded in 2017, has developed a smart monitoring system for industrial companies including food and beverage, plastic and rubber, and metals manufacturers. It uses wireless sensors that are clipped onto machine cables and gas, water, and compressed air pipes to monitor flow every 30 seconds, which is fed back to a user-facing platform.

Persons: Sensorfact, Pieter Broekema's, Broekema, Biden's, Blume, Eleanor Blagbrough Organizations: Blume Equity, Sensorfact, Industry, SET Ventures Locations: Dutch, Europe

☆ The strike will make Netflix stronger & competitors weaker: SVB MoffettNathanson’s Michael Nathanson
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe strike will make Netflix stronger & competitors weaker: SVB MoffettNathanson’s Michael NathansonMichael Nathanson, SVB MoffettNathanson founding partner and senior research analyst, joins 'Squawk Box' to preview Netflix quarterly earnings results, how the strike will impact the streamer, and more.

Persons: MoffettNathanson’s Michael Nathanson Michael Nathanson, SVB Organizations: Netflix

Supporters of student debt forgiveness demonstrate outside the U.S. Supreme Court on June 30, 2023, in Washington, DC. Student loan forgiveness is federally tax-free through 2025 because of a provision from the American Rescue Plan of 2021, Biden's $1.9 trillion Covid-19 stimulus package. While the Tax Foundation estimated that seven states could tax student loan forgiveness in August 2022, it's still possible to see legislative changes. "No one wants to be the state that's taxing loan forgiveness," Miller added. While public service loan forgiveness has always been tax-free, the current taxation for income-driven repayment plans is only temporary.

Persons: Olivier Douliery, Biden, Ethan Miller, Miller, it's, Becca Craig, Lee Reams Sr Organizations: U.S, Supreme, AFP, Getty, American, Planning, Progress, D.C, Tax Foundation, Strategic Wealth Locations: Washington ,, Washington, Kansas City , Missouri

☆ Blackstone to invest $150 million in London-based hedge fund Astaris
▼ + stars: | 2023-07-18 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

NEW YORK, July 18 (Reuters) - Blackstone Group LP is to invest $150 million in London-based Astaris Capital Management which will be split between the firm's existing hedge fund and a new pool of capital with a drawdown structure, two sources said. He was also a founding partner at hedge fund Sothic Capital, which invested in European distressed assets. The firm's investment approach does not rely on any specific part of the economic cycle. Blackstone will fund both the existing hedge fund and the new fund with $75 million each, signaling its strong commitment to Astaris, according to the sources familiar with the investment but are not permitted to discuss it. Blackstone, which invests $81 billion through its hedge fund unit Blackstone Alternative Asset Management, is making the investment with cash from its Strategic Alliance Fund IV, which has over $1 billion in assets, they said.

Persons: Astaris, Martin Beck, Blackstone, Svea Herbst, Bayliss, Emelia Sithole Organizations: YORK, Blackstone, Astaris Capital Management, Centerbridge Partners, JPMorgan, Asset Management, Strategic Alliance, IV, Strategic Alliance Fund, Astaris, Svea, Thomson Locations: London, Europe

☆ Chinese tech stocks are trading at low multiples due to uncertainty: Lead Edge Capital CEO
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese tech stocks are trading at low multiples due to uncertainty: Lead Edge Capital CEOMitchell Green, Lead Edge Capital founding partner, joins 'Squawk Box' to discuss China's tech economy, the state of the tech sector and market outlook.

Persons: Mitchell Green Organizations: Edge, Edge Capital

☆ It's clear that China's unlikely to roll out a 'massive stimulus,' analyst says
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's clear that China's unlikely to roll out a 'massive stimulus,' analyst saysArthur Kroeber, founding partner and head of research at Gavekal Dragonomics, says the "massive stimulus that we've been used to in China over the last 15 years every time they got a slowdown — I don't think we're going to get that again."

Persons: Arthur Kroeber, Dragonomics Locations: China

☆ Home advantage? Why investors may want to avoid the international trade
▼ + stars: | 2023-07-15 | by ( Lina Hassen | ) www.cnbc.com time to read: +2 min

Investors may want to reduce international exposure right now and stick with the home court. "One of the highest predicting factors for [the] future performance of international stocks versus U.S stocks is what the U.S dollar does," Arthur told CNBC's "ETF Edge" this week. "From 2011 to 2022, the dollar was in a straight bull market, so you were gonna lose in international equities no matter what you did." That's a perfect setup where we're going to be cutting rates before the rest of the world. That's where the catalysts will have to be to see value come back, to see international come back [and] to see emerging come back."

Persons: Kim Arthur, Arthur, CNBC's, Mike Akins, Akins, I'm Organizations: Main Management, U.S, Bank, Microsoft, Apple Locations: U.S

☆ Longer-term issue for Disney is around direct-to-consumer: SVB MoffettNathanson's Michael Nathanson
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLonger-term issue for Disney is around direct-to-consumer: SVB MoffettNathanson's Michael NathansonMichael Nathanson, SVB MoffettNathanson founding partner and senior research analyst, joins 'Squawk on the Street' to discuss Disney outlook following CEO Bob Iger's interview with CNBC's David Faber.

Persons: MoffettNathanson's Michael Nathanson Michael Nathanson, SVB, Bob Iger's, CNBC's David Faber Organizations: Disney

Jetcityimage | Istock | Getty ImagesAs inflation falls, investors are weighing whether to buy or sell Series I bonds amid other competitive options for cash. "Cooling inflation means that interest rates are likely near the end of their increases," said certified financial planner Ted Haley, president of Advanced Wealth Management in Portland, Oregon. But in the meantime, many investors are waiting for the Federal Reserve's next interest rate decision later this month, which may affect cash yields. While the yearly rate fell to 4.3% in May 2023, the fixed rate portion climbed to 0.9%, making the asset more attractive for long-term investors. Of course, the next fixed rate for I bonds could be higher or lower.

Persons: Ted Haley, Haley, David Enna, Enna, Ken Tumin, DepositAccounts.com Organizations: Istock, Getty, U.S . Bureau of Labor Statistics, Advanced Wealth Management, Federal Locations: Portland , Oregon

☆ Greene: Lean more towards selling the dip than buying the rip on the Nasdaq
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreene: Lean more towards selling the dip than buying the rip on the NasdaqVictoria Greene, Founding Partner and CIO of G Squared Private Wealth, discusses the trading day ahead following yesterday's CPI print.

Persons: Greene, Lean Organizations: Nasdaq Victoria Greene, G, Wealth, CPI

☆ Opinion | This Is One Republican Strategy That Isn’t Paying Off
▼ + stars: | 2023-07-12 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +4 min

We also show that formerly covered states were largely indistinguishable from formerly uncovered states in terms of retrogression. If anything, states unaffected by Shelby County retrogressed marginally more than did states impacted by the ruling. If changes in election laws, especially those affecting voter turnout, have little influence on partisan outcomes, why should the average citizen care about these developments? Conversely, even if the laws have only marginal influence on election outcomes, couldn’t that marginal difference become crucial in very close elections? We might think some changes to election laws are simply the right thing to do based on our ethical values.

Persons: Nicholas Stephanopolous, Eric McGhee, Christopher Warshaw, ”, Richard Hasen, Hersh, ” Marc Elias, Elias, Grimmer, “ Organizations: Harvard Law School, Public, Institute of California, George Washington University, State Senate, State House, Elias Law Group, Democratic, Republican Locations: County, Arizona, U.C.L.A, Brnovich

PinnedInflation data released on Wednesday showed a pronounced cooling and offered some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago. Officials have signaled in recent weeks that they are likely to raise interest rates at their July 25-26 meeting. For one thing, the cost of housing as measured by the Consumer Price Index — which relies on rent prices — is coming down sharply. The Fed officially targets 2 percent inflation on average over time, though it defines that goal using a separate inflation measure, the Personal Consumption Expenditures index. Interest rates increases work partly by slowing the job market and cooling wage increases, so the Fed’s fight against inflation and the strength of the labor market are closely tied.

Persons: ”, Laura Rosner, Warburton, it’s, . Rosner, Airfares, “, Beth Weaver, Loretta Mester, ” Julia Pollak Organizations: Federal Reserve, Federal, Consumer, Buick GMC, Fed, Federal Reserve Bank of Cleveland, ZipRecruiter Locations: Erie, Pa

PinnedInflation data released on Wednesday showed a pronounced cooling and offered some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago. But Federal Reserve officials are still trying to assess whether the cool down is likely to be quick and complete. Officials have signaled in recent weeks that they are likely to raise interest rates at their July 25-26 meeting. For one thing, the cost of housing as measured by the Consumer Price Index — which relies on rent prices — is coming down sharply. Interest rates increases work partly by slowing the job market and cooling wage increases, so the Fed’s fight against inflation and the strength of the labor market are closely tied.

☆ Income, growth or both? Weighing active ETFs in an up market
▼ + stars: | 2023-07-12 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

"When you have an up-16% first half of the year, these types of strategies are going to underperform." Arthur explained call writing strategies do typically benefit from a down or flat market but struggle to perform in a rebounding environment. The built-in income-generating options strategies of the JPMorgan Equity Premium Income ETF (JEPI) helped fuel the fund's popularity in 2022. It remains the largest actively managed ETF on the market with nearly $28 billion in assets, but the rebound in growth this year has left the product lagging the broader market. "So, you're not going to keep up with the market with these types of strategies."

Persons: Kim Arthur, Bob Pisani, Arthur, Mike Akins, Pisani, Akins Organizations: Main Management, JPMorgan Locations: CNBC's

☆ Watch CNBC's full panel on Bob Iger and Disney with Ben Smith and Matt Belloni
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full panel on Bob Iger and Disney with Ben Smith and Matt BelloniBen Smith, Semafor co-founder and editor-in-chief, and Matt Belloni, Puck founding partner, join CNBC's Julia Boorstin and 'Last Call' to talk the latest news that Disney will be extending CEO Bob Iger's contract through 2026.

Persons: Bob Iger, Ben Smith, Matt Belloni Ben Smith, Semafor, Matt Belloni, Puck, CNBC's Julia Boorstin, Bob Iger's Organizations: Disney

☆ Failing to find a successor for Iger can be seen as a failing for Disney's board: Puck's Matt Belloni
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFailing to find a successor for Iger can be seen as a failing for Disney's board: Puck's Matt BelloniBen Smith, Semafor co-founder and editor-in-chief, and Matt Belloni, Puck founding partner, join CNBC's Julia Boorstin and 'Last Call' to talk the latest news that Disney will be extending CEO Bob Iger's contract through 2026.

Persons: Matt Belloni Ben Smith, Semafor, Matt Belloni, Puck, CNBC's Julia Boorstin, Bob Iger's Organizations: Disney

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