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WASHINGTON — President-elect Donald Trump tapped Harmeet Dhillon, a Republican lawyer known for championing conservative causes and the Republican national committeewoman for California, to lead the U.S. Department of Justice’s Civil Rights Division. Wiley added, “Dhillon has focused her career on diminishing civil rights, rather than enforcing or protecting them. Conservative allies have spent the week cheering Dhillon’s nomination, expressing optimism that she will lead the division away from the priorities of the Biden administration. “The civil rights division is going to be better off for having her there. Warrington has also represented Trump in civil lawsuits stemming from the January 6 riot.

Persons: Donald Trump, Harmeet Dhillon, “, ” Trump, Trump, Dhillon, ’, ” Dhillon, ”, Maya Wiley, Gavin Newsom’s, Tucker Carlson, Kaiser, Wiley, “ Dhillon, Ronna McDaniel, Kristen Clarke, Pam Bondi, Todd Blanche, Emil Bove, John Sauer, Biden, institutionalize, Roger Severino, Mark Geragos, California’s, David Warrington Organizations: WASHINGTON, Republican, U.S . Department of Justice’s Civil Rights Division, Trump, Calif, Conference, Civil, Human, California Gov, Fox News, Kaiser Permanente, Sikh Coalition, Justice Department, Conservative, DOJ, Heritage Foundation, NBC, Dhillon Law, White, Warrington, Colorado Supreme, U.S, Supreme Locations: California, San Francisco, San Jose, Arizona, India, American, Angeles, Warrington

☆ What we know about the transition so far
▼ + stars: | 2024-11-06 | by ( Betsy Klein | ) edition.cnn.com time to read: +6 min

Representatives from Trump’s team met with federal agency transition planners last week to discuss “post-election readiness,” according to a White House official. GSA “is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the president-elect’s transition team to complete its MOU. Trump’s transition team also has not met that deadline. The Agency Transition Directors Council, co-chaired by OMB deputy director Jason Miller and the GSA’s federal transition coordinator, Aimee Whiteman, began meeting monthly with career representatives from each agency.

Persons: Donald Trump, Biden, ” Max Stier, Stier, “ The, ”, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Harris, Jason Miller, Aimee Whiteman, Valerie Boyd, Barack Obama, Joe Biden, Obama, Trump, ” Trump Organizations: Washington CNN —, Trump’s, White, Public Service, CNN, “ The Biden, Trump, Office of Management, Budget, General Services Administration, Republican, Democratic Party, OMB, GSA, Small Business Administration, ”, House, Activity, Center, Partnership for Public Service

Israel’s Knesset opened its winter session on Monday against a backdrop of war in Gaza and Lebanon and after an Israeli strike on Iran on Saturday. UNRWAThe Knesset was set to debate on Monday bills that would make it illegal for Israeli officials to cooperate with UNRWA, the main U.N. agency that aids Palestinians. The bills would effectively shut down the agency’s work in Gaza, the West Bank and East Jerusalem within 90 days. According to the Jerusalem Post, the first bill states that UNRWA could no longer operate in Israel, while the second would abrogate the treaty that underpins the relationship between UNRWA and Israel. The Knesset has already voted in favor of advancing the bill and it is being prepared for a second and third reading.

Persons: Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, Yoav Gallant, Gallant, Yuli Edelstein, Kan, Mr, Edelstein, Israel’s, Matthew Miller, UNWRA, Adalah Organizations: Likud, Division, Lawmakers, UNRWA, West Bank, United Nations, Department, Police Locations: Gaza, Lebanon, Iran, Israel, East Jerusalem, Jerusalem, Canada, France, Germany, Australia, United Kingdom, United States

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ Quad group expands maritime security cooperation at Biden's farewell summit
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +5 min

US Secretary of State Antony Blinken (R) prepares to pose for a group photo with Australia's Foreign Minister Penny Wong (2nd R), Japan's Foreign Minister Yoko Kamikawa (2nd L) and India's Foreign Minister Subrahmanyam Jaishankar (L) at the start of their Quad Ministerial Meeting at the Iikura Guest House in Tokyo on July 29, 2024. The leaders announced joint coast guard operations next year that will include Australian, Japanese and Indian personnel spending time on a U.S. coast guard vessel. The leaders' joint statement included sharp language about North Korea, condemning its ballistic missile launches and "malicious cyber activity." "But I think China's recent maritime aggression could be changing the equation for India and could be prompting India to become a bit more open to the idea of Quad security cooperation," she said. Before the summit, Albanese met with Biden at his home and discussed bilateral cooperation between the two close allies across defense and security, including in the Indo-Pacific.

Persons: Antony Blinken, Penny Wong, Yoko Kamikawa, Subrahmanyam Jaishankar, Joe Biden, Biden, Fumio Kishida, Narendra Modi, Anthony Albanese, Xi Jinping, he's, Lisa Curtis, Kishida, Modi, Albanese, Donald Trump, Kamala Harris Organizations: Australia's Foreign, Japan's, India's, of, Indian, Australian, Pacific Partnership, Maritime Domain, House, Analysts, East China Seas, East China, U.S, China, Center, New, New American Security, congressional Locations: Tokyo, of Australia, India, Japan, United States, China, Delaware, U.S, Beijing, South China, South, East, Taiwan, Philippines, Brunei, Malaysia, Vietnam, North Korea, Islands, Southeast Asia, Asia, New American, Australia, Philadelphia

Senior Biden administration officials told reporters ahead of the meeting that the leaders would announce plans to expand an Indo-Pacific Partnership for Maritime Domain Awareness, launched two years ago to include the Indian Ocean region. Analysts said the expected outcomes would mostly build on work that has already been done within the Quad, which Biden elevated to summit level in 2021. It is true in the South China Sea, the East China Sea, South China, South Asia and the Taiwan Strait,” Biden continued. “But I think China’s recent maritime aggression could be changing the equation for India and could be prompting India to become a bit more open to the idea of Quad security cooperation,” she said. Albanese told reporters on Thursday that Canberra and Washington share concerns about China’s security ambitions in Pacific islands countries where Beijing is seeking a growing policing role.

Persons: Joe Biden, Biden, Anthony Albanese, Narendra Modi, Fumio Kishida, Saturday’s, “, ”, Antony Blinken, he’s, ” Biden, Xi Jinping, Jake Sullivan’s, Sullivan, ” Sullivan, “ It’s, Lisa Curtis, Kishida, “ We’re, Donald Trump, Kamala Harris, Albanese, “ We’ll Organizations: United States, Australian, Anthony Albanese , Indian, Japanese, Biden, Pacific Partnership, Maritime, Indian, U.S . Coast Guard, Journalists, China’s, People’s Republic of China, Analysts, East China Seas, Center, New, New American Security, White House, CIA, State Department, congressional Locations: Australia, India, Japan, China, Anthony Albanese ,, Wilmington , Delaware, Southeast Asia, South China, East China, South Asia, Taiwan Strait, People’s Republic of, South, East, Beijing, Asia, New American, U.S, Canberra, Washington, Pacific

☆ To woo investors, hedge funds are reviving a strategy left for dead post-crisis — supercharged index investing
▼ + stars: | 2024-08-01 | by ( Alex Morrell | ) www.businessinsider.com time to read: +12 min

Read previewFaced with higher rates and a daunting fundraising climate, hedge funds are wooing investors with a seemingly antithetical pitch: index investing with a twist. Hedge fund industry insiders are abuzz right now about "portable alpha," a blast-from-the-past strategy that's undergoing a revival. According to the Morgan Stanley white paper, it can take on a variety of forms, including "dedicated portable alpha funds, portable alpha share classes, portable alpha feeder funds and other solutions." Advertisement"It's a nice way of smuggling hedge funds into your portfolio if you're an allocator," said Jon Caplis, CEO of hedge fund research firm PivotalPath. He said much of the industry still hasn't woken up to the appetite for portable alpha solutions and the potential boon to hedge funds.

Persons: —, punchier, Kim Shaw, Morgan Stanley, There's, Shaw, Penny Novick, Morgan, Novick, Bill Gross, Myron Scholes, PIMCO's, Roark Stahler, Jon Caplis, Russell, PIMCO, Sabrina Callin, Brian Payne, Payne, Caplis, hasn't Organizations: Service, Trading, Business, Man, CME Group, BlackRock, Barclays, Russell Investments, Institutional, State, Investor, BCA Research, Teachers, Investors Locations: Winton, American, Illinois

☆ How Venezuela’s election could upend the geopolitics of the Americas
▼ + stars: | 2024-07-23 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

Caracas CNN —It would be easy to dismiss this Sunday’s presidential election in Venezuela as a fait accompli. The opposition campaign has re-energized its bases, and the candidature of Edmundo González has attracted widespread support in Venezuela and abroad. A chance to rebuild Venezuela’s economic power“On the ballot is how long it’ll take to fix Venezuela’s economy,” said Asdrubal Oliveros, founder of Caracas firm Ecoanalitica, in his weekly podcast on July 8. Once the fifth-largest economy in Latin America, today Venezuela’s economy has shrunk to the equivalent of a medium-sized city, smaller than say, Milwaukee, according to data from the IMF. As Venezuela’s economy has crumbled, around eight million Venezuelans have already fled their country, many of them scattered across South America.

Persons: Nicolas Maduro, ”, –, Laboratorio de Paz, Edmundo González, Asdrubal Oliveros, Andres, Maduro, Edmundo Gonzalez, Maria Corina Machado, Gabriela Oraa, Gonzalez, Consultores, Putin, Xi Jinping, who’s, “, Donald Trump Organizations: Caracas CNN —, Laboratorio, IMF, Andres Bello Catholic University, Central University of Venezuela, of American, World Bank, Inter, American Development Bank, Supreme, CNN Locations: Caracas, Venezuela, Ecoanalitica, Latin America, Milwaukee, AFP, United States, Americas, South America, Venezuelan, America, China, Iran, Russia, Miami, Cuba, Maduro, of American States, Mercosur, Algiers, Brussels, Buenos Aires, Spanish, Washington, Brexit, neofascism, Europe, India, Turkey, Philippines

☆ The US will pay for migrants' flights out of Panama to close a route used by over 700,000 people to reach the US-Mexico border
▼ + stars: | 2024-07-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementMigrants arrive at the Reception Center for Migrant Care in Lajas Blancas, in the jungle province of Darien, Panama, on June 28, 2024. AdvertisementMigrants walk by the jungle near Bajo Chiquito village, the first border control of the Darien Province in Panama, on September 22, 2023. Migrants line up to receive food at the Reception Center for Migrant Care in Lajas Blancas, in the jungle province of Darién, Panama, on June 27, 2024. Authorities already struggle to manage the Darién GapYet closing the Darién Gap is no small feat. AdvertisementMigrants walk by the jungle near Bajo Chiquito village, the first border control of the Darién Province in Panama, on September 22, 2023.

Persons: —, MARTIN BERNETTI, Alejandro Mayorkas, José, LUIS ACOSTA, it's, Biden, Joe Biden, Donald Trump Organizations: Service, Department of Homeland Security, Business, State Department, Center for Migrant Care, Getty, Associated Press, Homeland, Borders, UNICEF, Republican Locations: Panama, Mexico, Blancas, Darien , Panama, AFP, Bajo Chiquito, Darien Province, Colombia, Darién, Panamanian, Central America, Darién Province

☆ Trump got the perfect birthday present: complete capitulation by the GOP
▼ + stars: | 2024-06-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump got his 78th birthday present a day early — a handshake from his longtime bitter critic, Senate Minority Leader Mitch McConnell, encapsulating the Republican Party’s complete submission to its presumptive presidential nominee. They were provoked by the president.” He said Trump was morally and practically responsible for the assault on his beloved Capitol. “There’s tremendous unity in the Republican Party,” the ex-president said. Vance, was asked how some senior Republicans who had condemned Trump after January 6 could meet and applaud him now. “I think it’s a good thing and the Republican Party is in a good place.”Vance is not wrong.

Persons: Donald Trump, Mitch McConnell, encapsulating, Republican Party’s, Mike Pence, Keen, Florida GOP Sen, Marco Rubio, Trump, Texas Sen, Ted Cruz, McConnell, Doug Mills, Elaine Chao, ”, clasped McConnell’s, Nikki Haley, “, Evelyn Hockstein, Ohio Sen J.D, Vance, ” Vance, Utah Sen, Mitt Romney, Liz Cheney, Paul Ryan, Trump’s deportment, Biden, Joe Biden —, —, Donald Trump’s, It’s, Vladimir Putin, we’re, ” Biden, Volodymyr Zelensky, Putin, Joe Biden, Antonio Masiello, John Bolton, ” Bolton, Bianna Golodryga, Ronald Reagan, doesn’t Organizations: CNN, Republican, Capitol, Republicans, trouncing Democrats, Florida GOP, The New York Times, Kentucky, Trump, South Carolina Gov, Republican Party, National Republican Senatorial, Reuters, Former Wyoming, Fox News, Lawmakers, GOP, Domenico, Borgo, Former Trump, Zelensky, CNN International Locations: Florida, Texas, adulation, America, Washington, Utah, Italy, Ukraine, Fasano

☆ Biden leads new drive to cement the West’s Ukraine war effort against Putin – and Trump
▼ + stars: | 2024-06-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Washington CNN —President Joe Biden is leading the world’s richest democracies in sending a beefed-up message to Russian President Vladimir Putin that the West will not forsake Ukraine despite political shocks casting doubts over its commitment. A flurry of new Western plans to help UkraineStill, the latest Western plans to help Ukraine send a strong message of intent. The sanctions target foreign financial firms aiding Putin’s war effort, restrict Russian access to some US software and information technology. Russian advances on the battlefieldThese are substantial and credible political, economic and political demonstrations of support for Ukraine. Not surprisingly, Zelensky has always chafed at the self-imposed limits of Western support for his war effort that are a symptom of Biden’s core aim of avoiding a direct NATO confrontation with Russia.

Persons: Joe Biden, Vladimir Putin, Biden, Volodymyr Zelensky, ” Biden, “, Donald Trump, Trump, lionizes Putin, wobbling, —, George H.W, George H.W . Bush, Janet Yellen, ” — Biden, Zelensky, ” Jake Sullivan, Wesley Clark, ” Clark, they’ve, ”, Kamala Harris, Sullivan, John Kirby, Putin Organizations: Washington CNN, Republican Party, Capitol, Republican, CNN, NATO, Big, Union, Ukraine, Trump, Biden, Air Force, Hudson Institute, Kremlin, Kyiv, West, White House National Security Council Locations: Russian, Ukraine, Italy, Normandy, Europe, United States, France, Germany, George H.W ., Russia, Britain, Japan, Canada, NATO, Washington, Kyiv, Cuba, China, Iran, Israel, Ukrainian, Switzerland

☆ Venezuela expands military buildup at Guyana border in ‘dangerous game,’ says report
▼ + stars: | 2024-05-14 | by ( Tara John | ) edition.cnn.com time to read: +4 min

CNN —Venezuela continues to build up military infrastructure and hardware close to the border with Guyana as President Nicolas Maduro and his supporters scale up their threats to annex an oil-rich piece of Guyanese land. Guyana had called the move a step towards annexation and an “existential” threat as the specter of armed conflict loomed over the region. Using satellite imagery and social media, CSIS found that the expansion of Anacoco Island’s military base has continued. Maduro could ‘fall victim to own rhetoric’The threats to Guyana have concerned its partners. “Thus, one of the most concerning possibilities is that Maduro will fall victim to his own rhetoric.

Persons: Nicolas Maduro, “, ” Ryan Berg Organizations: CNN, Strategic, International Studies, Venezuelan, US Navy, Americas, CSIS Locations: Venezuela, Guyana, Washington, Venezuelan, Essequibo, Punta Barima, arm’s, Essequibo ”, Guyanese, Georgetown, Idaho

☆ Visits from Japanese and Filipino leaders highlight Biden’s efforts to blunt China’s aggression
▼ + stars: | 2024-04-09 | by ( Arlette Saenz | Kayla Tausche | ) edition.cnn.com time to read: +12 min

Biden’s week also includes an official visit for Japanese Prime Minister Kishida Fumio, reinforcing his commitment to cultivating partnerships in the Indo-Pacific in the face of China’s rising economic and military power. The historic leaders summit on Thursday between Biden, Kishida and Filipino President Ferdinand Marcos is expected to produce announcements relating to infrastructure, energy security, digital connectivity and maritime security. Meanwhile, Japan has recently loosened restrictions on the export of military technology – paving the way for deeper collaboration with like-minded allies. The first virtual meeting with the four leaders took place in March 2021 with subsequent in-person summits in the years that followed. Biden and his team also have sought to draw in smaller regional neighbors concerned about China’s military and economic aggression.

Persons: Joe Biden, Kishida, Biden, Jake Sullivan, “, Jill Biden, Kishida Yuko, They’re, Ferdinand Marcos, Marcos, ” Sullivan, ”, John Neuffer, ” Biden, ” Rahm Emanuel, Sullivan, zeroed, Japan’s, Yoshihide Suga, Korea’s, Moon Jae, Yoon Suk Yeol, Rodrigo Duterte, Donald Trump, ” Kishida Organizations: Washington CNN, Japanese, CNN, Biden White House, Australia, US Steel, APEC, Washington, Semiconductor Industry Association, Clark Air Base, Subic Naval Base, American, White, Kishida, White House, Pacific, PBS Locations: Japan, Philippines, North Korea, Ukraine, Gaza, India, South Korea, China, Manila, ’, lockstep, Netherlands, Taiwan, Beijing, Thursday’s, US, Australia, South China, South, Russia, Kishida, United States, Tokyo, Seoul, David, United Kingdom, Washington, Vietnam, U.S

TAIWANThe two leaders had a "substantial" discussion on Taiwan, with Xi telling Biden that Taiwan was the biggest, most dangerous issue facing the two superpowers, a senior U.S. official told reporters. LEADER TO LEADER TALKSBiden said he and Xi agreed to high-level communications. "He and I agreed that each one of us can pick up the phone call directly and we'll be heard immediately," Biden told reporters after the meeting. China and the United States should set an example for other countries, Xi told Biden, according to Chinese media, and promote cooperation on trade, agriculture, climate change and artificial intelligence. FENTANYLBiden and Xi agreed to cooperate on addressing the source of the opioid fentanyl, a leading cause of drug overdoses in the United States, the U.S. official said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, China's Xi Jinping, Biden, Xi, Nancy Pelosi, Defense Lloyd Austin, we'll, Jeff Mason, Trevor Hunnicutt, Andrea Shalal, Heather Timmons, Stephen Coates Organizations: Economic Cooperation, REUTERS, Rights, Taiwan, U.S, Defense, Communist Party, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, TAIWAN, Taiwan, China, Beijing, United States, IRAN, Iran

The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. The agreements may be a selling point for non-union shops to push for unionization, said San Francisco State University labor and employment professor John Logan. Nissan (7201.T) and other competitors may feel compelled to boost wages to retain their workforce. UPS AND ITS RIVALSThe UPS deal in August raised pay and eliminated a two-tier wage system for drivers at the Atlanta-based company. That bolstered organizing efforts among Amazon workers and put pressure on UPS rivals to close a growing gap in pay.

Persons: Shawn Fain, Harley Shaiken, Stellantis, John Logan, Mack, Marcos Feldman, Feldman, Joe Biden, Kate Bronfenbrenner, Bianca Flowers, Jonathan Oatis Organizations: United Auto Workers, Detroit Three, Ford Motor, Chrysler, General Motors, University of California, Berkley ., San Francisco State University, UAW, Starbucks, Economic, UPS, Caterpillar, Workers, Deere & Co, Employers, U.S . Department of Labor, Amazon, National Labor Relations Board, Atlanta -, FedEx, Reuters, Cornell University, Industries, Thomson Locations: Detroit, Berkley, Berkley . Union, New York, Atlanta

☆ The demand for senior housing is about to explode. These stocks will reap the benefits
▼ + stars: | 2023-06-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

The rapidly aging population is expected to be a boon for senior housing. About 50% of those in assisted living facilities, for example, are aged 85 and older, while 31% are between 75 and 84 years old, according to the National Center for Assisted Living . Bumpy road but 'attractive valuation' ahead Right now, senior housing is seeing favorable demographics, as well as improving fundamentals and margins, said NIC's Clapp. There's a point where for each incremental bed added in senior housing, you might not need another worker in the building, he explained. Other names tied to the trend include Ensign and Omega Healthcare Investors , which both provide skilled nursing and senior living services, as well as Brookdale Senior Living , an operator of senior living communities with just a $755 million market cap.

Persons: Wells, Connor Siversky, Welltower, Ventas, Raymond James, Jonathan Hughes, You've, they've, Caroline Clapp, Greg Kuhl, Janus Henderson, We've, we've, Kuhl, Siversky, NIC's Clapp, Clapp, there's, Stocks, Janus Henderson's Kuhl, that's, Hughes, CNBC's Michael Bloom Organizations: . Census, National Center for, National Investment Center, Seniors Housing, Care, U.S . Census Bureau, NIC, Investors, Estate Fund, Omega Healthcare Investors Locations: U.S, NOI

☆ The hedge fund industry is reaching a tipping point: Grow up or go bust
▼ + stars: | 2023-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Some of the biggest hedge funds in the world are facing a problem that's proving just as challenging as predicting the markets. The Wall Street Journal has a story on that very conundrum, reporting on the tension at the $60 billion hedge fund Two Sigma between cofounders John Overdeck and David Siegel. While the structure of the modern hedge fund dates back to the 1940s, the industry really hit its stride during the 1990s. But I imagine not every hedge fund will want to go that route. And here's more on how hedge funds like Citadel and Millennium are transforming themselves with the help of Goldman Sachs' alumni.

Persons: Dan DeFrancesco, we've, cofounders John Overdeck, David Siegel, Overdeck, Siegel, cofounders, Goldman Sachs, Tracy Gray, Zhenni Liu, Wil Chockley, Charlie Hanna, Peter Deaner, Jeffrey Epstein, Jes Staley, Epstein, CliffsNotes, Bill Ackman, We've, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Citadel, MaC, Marcy Venture Partners, JPMorgan, Columbia, Bloomberg, Financial Times, Pershing Square Capital, LinkedIn Locations: NYC, Los Angeles, Swiss, New York, London

☆ Cryptocurrencies climb to end the week as investors digest BlackRock's bitcoin ETF plans
▼ + stars: | 2023-06-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

For the week, bitcoin is on track to end just below the flatline, while ether is heading for a 6% loss. Bitcoin was last higher by 4% at $26,419.53, according to CoinMetrics, while ether advanced 3% to $1,718.06. After the bell Thursday, BlackRock — the largest asset manager in the world — filed for spot bitcoin ETF, with Coinbase as its crypto custodian. It's been about 10 years since the first filing for a potential spot bitcoin ETF. The filing comes about a week after the SEC sued its crypto custody partner, Coinbase, for violating securities laws, leaving many questioning the timing of BlackRock's application.

Persons: bitcoin, litecoin, Bitcoin, Gustavo Schwenkler, It's, Mark Connors Organizations: Solana, U.S . Investors, U.S . Securities, Exchange Commission, BlackRock, Coinbase, Leavey School of Business, Santa Clara University, SEC Locations: U.S

☆ As Fed meeting looms, economists see central bank balance sheet in new light
▼ + stars: | 2023-03-22 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

BIG NUMBERSFed numbers showed the speed of the shift to a new balance sheet reality. Fed holdings peaked at just shy of $9 trillion last summer. The details of Fed holdings matters greatly in terms of understanding Fed balance sheet dynamics, analysts say. Benson Durham, head of global policy at Piper Sandler, said the key is the composition and not the size of Fed holdings. One factor limiting economists’ interpretation of the balance sheet surge is the fluidity of the factors now driving it.

☆ More people will make thousands by selling stakes in their homes to Wall Street firms, according to one company that already sees elevated interest from homeowners
▼ + stars: | 2023-02-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

But high mortgage rates are making it difficult for homeowners to take advantage of this wealth. Home equity investments are a way to raise cash without taking out a new loan. However, higher mortgage rates have made it more difficult for Americans to take advantage of this wealth. He said the company foresees "strong demand" for the home equity investments in the coming months. According to a Redfin analysis of government data, 85% of US homeowners tote a mortgage rate far below today's level of 6%.

☆ Accusations of a bro culture cloud Tiger Global's fundraising efforts after a $10 million settlement
▼ + stars: | 2023-01-14 | by ( Rebecca Ungarino | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

Investors have learned of a $10 million settlement Tiger Global made to a former female employee. Investors don't really need another reason to shy away from Tiger Global Management after a year of terrible performance. The employee who settled with Tiger alleged that Tiger fostered a type of bro culture, led by men who prevented women executives from getting equal opportunities inside the firm. "Prioritizing these values in our day-to-day interactions inside and outside of Tiger Global has been the glue that has underpinned our success for the past 21 years. We remain committed to driving continuous improvement across Tiger Global as we look towards the future."

☆ The former assistant to Jack Ma reveals the 'secret sauce' behind Alibaba's meteoric rise in a new book
▼ + stars: | 2022-11-02 | by ( Jonathan A. Knee | ) www.businessinsider.com time to read: +5 min

Brian A. Wong is a long-time Alibaba executive and former special assistant to Jack Ma, the company's founder. to Jack Ma, the company's founder. In a new book, Wong details Alibaba's management ethos and how it can be applied by others to achieve similar success. Brian Wong joined Alibaba as its first American employee shortly after meeting CEO Jack Ma in 1999, the same year the trailblazing e-commerce behemoth was founded. Like Steve Jobs, Jack Ma was haunted by the decline of once great technology companies like Hewlett Packard after the departure of their founding team.

☆ Patagonia founder gives away company, ensuring profits go to fight climate change
▼ + stars: | 2022-09-14 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. He Can Be Reached At Evan.Bush Nbcuni.Com. | ) www.nbcnews.com time to read: +3 min

The founder of the outdoor brand Patagonia has relinquished his ownership in the business and directed its profits to fight climate change. "Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. The company expects to contribute roughly $100 million to the Holdfast Collective through an annual dividend depending on the businesses' success. The Patagonia brand, Hayes noted, charges a premium, in part, because of the values it represents. Hayes said businesses in manufacturing or extractive industries in a capitalist economy that requires growth ultimately run into conflicts with environmental and climate values.

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