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☆ Ukraine's surprise invasion of Russia hasn't taken the pressure off the most dire front-line battles
▼ + stars: | 2024-09-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Ukraine's Commander-in-Chief Oleksandr Syrskyi stated last week that an objective of the Kursk invasion was to redirect Russian forces away from the Pokrovsk direction. But the Kursk invasion has limited the number of troops available for reinforcement. KIRILL CHUBOTIN/Ukrinform/Future Publishing via Getty ImagesGeorge Barros, the geospatial-intelligence team lead and a Russia analyst at ISW, said that the Kursk invasion underscores how Moscow left a major portion of its international border undefended. Even though the Kursk invasion may not be forcing Russia to redirect front-line forces from Pokrovsk, that campaign will eventually culminate. These efforts have intensified since the start of the Kursk invasion.

Persons: —, Ukraine's, Oleksandr Syrskyi, Tatarigami, Diego Herrera Carcedo, Putin, Volodymyr Zelenskyy, KIRILL CHUBOTIN, George Barros, Vladimir Putin, Barros, REUTERS Barros Organizations: Service, Kyiv, Business, AP, Institute for, Getty, Ukraine, Publishing, REUTERS Locations: Russia, Moscow, Kursk, Ukraine, Kyiv, Russia's, Ukrainian, Sudzha, Russia's Kursk, Pokrovsk, Anadolu, Russian, Korenevo

☆ A journey inside Epic Systems' mythical and sprawling campus, a world away from Wall Street
▼ + stars: | 2024-09-01 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +11 min

The Oz office building on Epic's campus. Touring Epic's campus, it's clear that the company exists a universe away from Wall Street. They're clustered into mini-campuses, with names like Prairie Campus, Farm Campus, Central Park Campus, Wizards Academy Campus and Storybook Campus. Around 750 acres of Epic's campus are active farmland sprinkled with 42 sheep, 14 cows and a donkey. The campus' buildings are connected via a network of tunnels and enclosed skyways, so people don't have to step outside to travel between them.

Persons: Epic Systems Dorothy Gale, Judy Faulkner, Faulkner, Oracle's, Cerner, Epic Systems Faulkner, Harry Potter, Sherlock Holmes, Ken Glueck, Seth Hain, Epic's, Hain, " Hain Organizations: Epic Systems, Academy, Systems, Oracle, Wizards Academy Campus, skyways, Systems Employees, Academy Campus, Health, Cosmos Locations: Kansas, Verona , Wisconsin, Madison, Verona, U.S, San Francisco, Seattle, New York, Prairie, Park, Epic's

☆ Lionsgate Financing Partner Breaks Down Film and TV Funding Venture
▼ + stars: | 2024-08-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Film and TV investor Content Partners just announced a new financing arm at a time when some institutional investors are fleeing Hollywood. It kicked off with a deal providing debt financing to Media Capital Technologies to support its backing of Lionsgate's film slate. Content Partners Capital (CPC) is targeting up to five deals a year of up to $100 million each in debt financing for film and TV companies. Lordo said Content Partners saw a void to help entertainment companies that are stuck in a financing bind, unable to get bank or private-equity backing. The era of Peak TV is over: Big entertainment companies have reduced spending as streaming hasn't made up for losses in linear TV.

Persons: there's, Alphonse Lordo, Lordo, they've, Mark Cuban, Todd Wagner, It's Organizations: Service, Content Partners, Media Capital Technologies, Lionsgate, Starz, Business, Content Partners Capital, CPC, Truist Securities, Partners, Monroe, Fortress Investment Group, Media, Revolution Studios, CSI television Locations: Hollywood

☆ Epic Systems is building more than 100 new AI features for doctors and patients. Here's what's coming
▼ + stars: | 2024-08-21 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +5 min

Epic is a health-care software giant whose technology is used in thousands of U.S. hospitals and clinics. And one theme stood out during the health-care company's event on Tuesday: How new artificial intelligence features can help doctors and patients. Faulkner said the company has more than 100 AI features in the works, though many of the tools are still in the early stages of development. Doctors will be able to use AI to automatically queue up orders for prescriptions and labs, the company said. He spoke to an AI agent through the MyChart app about his recovery after a supposed wrist surgery and answered questions about his pain.

Persons: Oz, Faulkner, Jensen, Judy Faulkner, Seth Hain, Hain, . Hain, pickleball Organizations: CNBC, Nvidia, Epic Locations: Verona , Wisconsin, U.S

Mr. Trump has boasted that, if he returns to the White House, he will dispatch forces without any request for intervention by local authorities. “You look at what is happening to our country — we cannot let it happen any longer,” Mr. Trump said. He said the group sees it as likely that Mr. Trump would be drawn to the authoritarian “theatrics” of sending troops into Democratic cities. “There’s talk that he would try to rely on the Insurrection Act as a way to shut down lawful protests that get a little messy. But isolated instances of violence or lawlessness are not enough to use federal troops.”In a statement, a Trump spokeswoman, Karoline Leavitt, said, “As President Trump has always said, you can’t have a country without law and order and without borders.

Persons: Trump, “, Mr, ” Anthony Romero, ”, Karoline Leavitt Organizations: White, American Civil Liberties Union, Democratic, Trump, “ Locations: Iowa, New York, Chicago, Los Angeles, San Francisco

☆ Don't get too excited about this latest inflation report
▼ + stars: | 2024-08-13 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Stocks had a strong showing Tuesday after the latest U.S. wholesale inflation report came out. In other words, just because PPI rose less than expected, it doesn't mean investors should expect a tame CPI report on Wednesday. "Financial markets seem to react too much every month to PPI," said Stanley, the bank's chief economist. " The S & P 500 closed Tuesday's session nearly 2% higher, while the Nasdaq Composite climbed 2.4%. The major averages are now well above the lows seen in Aug. 5, when the Dow and S & P 500 suffered their biggest one-day pullbacks since 2022.

Persons: Stocks, Stephen Stanley, Stanley, Dow, David Russell, We're Organizations: ISI, PPI, Santander U.S, CPI, Federal Reserve, Nasdaq, Dow Jones Industrial

Lacrosse, cricket, baseball and softball — by way of Oklahoma City — are set to make their Olympic returns to L.A. 2028. Breaking, the New York-rooted, 1980s dance form, appeared to be well-received here in Paris but wasn't invited to the L.A. party. The fledgling World Boxing hopes to be that new international body that can gain enough support from national boxing federations to fill the IBA void. Spain's Enmanuel Reyes Pla is punched by Belgium's Victor Schelstraete in the men's 92kg quarter-final boxing match during the Paris 2024 Olympic Games. The mayor pointed out that predictions of traffic armageddon in 1984, when the Olympics were last in L.A., never materialized.

Persons: Luke Hales, wasn't, Ami, Elsa, Eric Quinlan, Alison Palaia, “, ” Palaia, “ We’ve, ”, Palaia, Roland, Spain's Enmanuel Reyes Pla, Belgium's Victor Schelstraete, Mohd Rasfan, Paris, Boris Van Der Vorst, Karen Bass, Bass, “ Angelinos, ” Bass, Vivianne Robinson, Sebastian Kahnert, I'm Organizations: PARIS, Lacrosse, Flag, Team Japan, India, Team Netherlands, Olympics, Boxing Association, Boxing, Garros, Getty, NFL, Associated Press, Santa Monica Locations: Los Angeles, Oklahoma, L.A, New York, Paris, U.S, New York City, Brisbane, Russian, AFP, Inglewood, COVID, Southern California

☆ Trump Is Trying to Regain the Spotlight by Returning to X
▼ + stars: | 2024-08-12 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

When Donald Trump was president, he used Twitter to set policy, attack his critics and appeal to his followers. Trump is scheduled to appear tonight at 8 p.m. Eastern on X for an interview with the website’s owner, Elon Musk. For Trump, the event could offer an opportunity to regain some of the spotlight from Harris, whose new and energetic candidacy has forced his campaign to recalibrate its strategy less than three months before Election Day. Polls by The New York Times and Siena College released this weekend showed Harris with leads in Michigan, Wisconsin and Pennsylvania. “When I talk to Trump allies and advisers, many of them view the last three weeks as Trump’s worst sustained performance in a very long time,” Jonathan Swan, our politics reporter, said.

Persons: Donald Trump, Kamala Harris, Trump, Elon Musk, Harris, ” Jonathan Swan Organizations: Trump, The New York Times, Siena College Locations: Michigan , Wisconsin, Pennsylvania

☆ Team USA wins nail-biter vs. France to secure 8th consecutive gold in women’s basketball
▼ + stars: | 2024-08-11 | by ( Chantel Jennings | ) www.nytimes.com time to read: +4 min

PARIS — France was the official opponent; Team USA, its own worst enemy. And against an eager, home-crowd boosted team like France, it sure looked like the U.S. picked a bad game to have a bad game. This was not the kind of game that Team USA had built its reputation on and not the kind of play that looked worthy of eight consecutive gold medals, let alone one. AdvertisementThe chemistry and flow that showed itself in spurts throughout the Olympics seemed to be missing in the most important game. On Sunday night in Paris, Team USA extended its win streak, secured another gold medal and stayed atop the world.

Persons: ”, Gabby Williams ’, 😱, abby W illiams, INGLE, alf, ade, rance, hird, hough, urnovers. J ewell Organizations: PARIS —, Team USA, USA, SA, ard Locations: PARIS — France, France, U.S, PARIS

☆ Inside the Worst Three Weeks of Donald Trump’s 2024 Campaign
▼ + stars: | 2024-08-10 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

The Aug. 2 dinner at the Bridgehampton, N.Y., home of Howard Lutnick, the Cantor Fitzgerald chief executive, was a high-powered affair. Among the roughly 130 people who dined under an air-conditioned tent were some of Donald Trump’s wealthiest supporters, including the billionaire hedge-fund financier Bill Ackman, who sat next to the former president, and Omeed Malik, the president of another fund, 1789 Capital. Some guests hoped Mr. Trump would signal that he was recalibrating after a series of damaging mistakes. He did not. According to two people present, Mr. Trump himself also brought up his remark, made two days earlier at a gathering of the National Association of Black Journalists, in which he had questioned Vice President Kamala Harris’s racial identity.

Persons: Howard Lutnick, Cantor Fitzgerald, Donald Trump’s, Bill Ackman, Omeed Malik, Trump, Lutnick’s, “ We’ve, Kamala Harris’s Organizations: National Association of Black Journalists

Follow live updates on the 2024 election. Mr. Trump also flashed frustration when asked about the size of Ms. Harris’s crowds while boasting about the attendance at his own rally on Jan. 6, 2021, and insisted that the group of hundreds that stormed the Capitol was relatively small. But he fixated on the size of the crowd that he initially gathered on the national mall, making comparisons to — and declaring it was larger than — the one drawn by Martin Luther King Jr. for his famous “I Have a Dream” speech. “Nobody’s spoken to crowds bigger than me,” Mr. Trump said. “If you look at Martin Luther King, when he did his speech, his great speech, and you look at ours — same real estate, same everything, same number of people, if not — we had more.”

Persons: Donald J, Trump, shoehorn, Kamala Harris, —, Martin Luther King Jr, ” Mr, Martin Luther King, ” Organizations: Capitol Locations: Mar, Palm Beach, Fla, U.S

☆ Why an emergency rate cut would be a mistake for the Fed, according to Mohamed El-Erian
▼ + stars: | 2024-08-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The Fed would be making a mistake in delivering an emergency rate-cut, Mohamed El-Erian said. Traders see a higher chance the Fed could trim rates over the next week in response to weakening data. AdvertisementThe Federal Reserve would be making a mistake if it delivered an emergency rate cut. Amid Monday's sell-off Bloomberg reported that markets see a 60% chance the Fed could issue a cut ahead of its scheduled policy meeting. AdvertisementGiving in to the market's demands to ease monetary policy would constitute another mistake for the Fed, El-Erian said.

Persons: Mohamed El, Erian, —, Ben Kirby Organizations: Bloomberg, Traders, Service, Fed, Thornburg Investment Management Locations: El

☆ Watch CNBC's full interview with 'The Black Swan' author Nassim Taleb
▼ + stars: | 2024-08-06 | 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 interview with 'The Black Swan' author Nassim TalebNassim Taleb, Universa Investments distinguished scientific advisor and ‘The Black Swan’ author, joins 'Squawk Box' to discuss the latest market trends, what to make of the market sell-off, the Fed's inflation fight, interest rate outlook, bitcoin's volatility, and more.

Persons: Swan, Nassim Taleb Nassim Taleb, ‘ Organizations: Universa Investments

☆ 'The Black Swan' author Nassim Taleb on bitcoin: Not a hedge against your assets melting
▼ + stars: | 2024-08-06 | 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 Email'The Black Swan' author Nassim Taleb on bitcoin: Not a hedge against your assets meltingNassim Taleb, Universa Investments distinguished scientific advisor and ‘The Black Swan’ author, joins 'Squawk Box' to discuss the latest market trends, what to make of the market sell-off, the Fed's inflation fight, interest rate outlook, bitcoin's volatility, and more.

Persons: Swan, Nassim Taleb, Taleb, ‘ Organizations: Universa Investments

Donald J. Trump didn’t wait for the opening bell before blaming Monday’s market sell-off on Vice President Kamala Harris. “Stock markets are crashing, jobs numbers are terrible, we are heading to World War III, and we have two of the most incompetent ‘leaders’ in history,” the former president and Republican presidential nominee wrote in a post on Truth Social at 8:12 a.m. Eastern time. “This is not good.”Mr. Trump did not mention that markets had suffered far greater single-day losses when he was president, or that economists blamed a variety of factors — including a disappointing July jobs report, a plunge in Japanese markets earlier in the day and a growing consensus among investors that the Federal Reserve has waited too long to start cutting interest rates — for Monday’s slide. He also did not mention that earlier this year, he had claimed credit for a surge in stock prices, which he said reflected confidence he would be re-elected.

Persons: Donald J, Trump, Kamala Harris, Mr Organizations: “ Stock, Federal Reserve

☆ Bitcoin tumbles as risk assets plunge in global market rout
▼ + stars: | 2024-08-05 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Bitcoin dropped on Monday amid the global market meltdown. Crypto has not been spared the carnage as traders eye a growing risk of a US recession. The sell-off in crypto comes as risk assets plunge in a global market rout caused by worries over the state of the US economy. Some market observers have said that the historic market rout could prompt an emergency rate cut from the central bank in the next week. Japan's Nikkei 225 index dropped 12% early Monday in its worst single-day decline since 1987, and markets in South Korea and Europe also plunged.

Persons: Bitcoin, Crypto, —, Gracy Chen Organizations: Service, Federal Reserve, Fed, Japan's Nikkei, Bank of America Locations: South Korea, Europe

☆ 'House of the Dragon' just introduced a new character who'll play a key role later. Here's what to know about Lohar.
▼ + stars: | 2024-08-05 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

"House of the Dragon" threw one new fascinating character in its season two finale that will have great importance down the line — Triarchy Admiral Lohar. But to do so, he has to win the respect of Admiral Lohar, the commander of the Triarchy fleet. Toward the end of the episode, Lohar and Tyland sail together with the Triarchy fleet, presumably bound for the Velaryon blockade. Eventually, a captain from Tyrosh captures him — but it's Fleet Admiral Sharako Lohar who claims him as a prisoner. In addition to attacking the Velaryon fleet, the Triarchy forces also made land on Driftmark, attacking a town called Spicetown.

Persons: —, Lohar, Rhaenyra, Tyland, Tyland's, Admiral Lohar, mispronounces, he's, Abigail Thorn, Thorn, Ship's virility, Rhaenyra's, Viserys, Sharako Lohar, Prince Jacaerys Velaryon, Hugh, Ulf, Addam, Nettles, Lohar —, Prince Viserys, Bambarro, Bazanne, Martin, Myr, Lysandro Rogare, Rogare's, Larra Organizations: Service, Business, Lohar, Tyland, Aegon, Younger, King Aegon, Max Locations: Lannisport, Essos, Lohar, Pentos, Lys, Spicetown, Hull, Myr, Westeros

☆ No, Taylor Swift isn't in 'Deadpool & Wolverine.' Here's why Swifties and Marvel fans were convinced she'd make an appearance.
▼ + stars: | 2024-07-26 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

The Grammy-winning singer later cast "Deadpool & Wolverine" director Shawn Levy as the dad in her "All Too Well" short film, which was released in November 2021. Following the success of "Deadpool" (2016) and "Deadpool 2" (2018), Reynolds confirmed that a third installment was in the works in 2019. Rumors intensified when production began on 'Deadpool & Wolverine'Hugh Jackman and Ryan Reynolds will star in "Deadpool 3." Gotham/GC ImagesLevy then played coy about the possibility of Swift being in "Deadpool & Wolverine." AdvertisementJust before the release of "Deadpool & Wolverine," Reynolds told E!

Persons: —, Taylor Swift, Swifties, Ryan Reynolds, Reynolds, He's, Swift, Blake Lively, who's, they've, Meredith, Olivia, Shawn Levy, Levy, Guy, Jackman, Logan, Wolverine, She's, Hugh Jackman, Monica Schipper, Dazzler, Simon Kinberg, James McAvoy, Sophie Turner, Lively, Jim McIsaac, Travis Kelce, TheWrap, That's Taylor, she's Organizations: Service, Marvel, Business, Entertainment, Swift, Netflix, Reynolds, NFL, Kansas City Chiefs, New York Jets, Chiefs, coy, SAG Locations: New York, Village

☆ Trump and His Allies Adapt to a New Role: Fighting for Attention
▼ + stars: | 2024-07-25 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

For the first time since Donald J. Trump was indicted in the spring of 2023, he has lost his grip on the news cycle and — temporarily at least — his message. Instead of commanding morning-to-night media attention, the former president and his allies suddenly find themselves reacting to their opponents. It’s an unfamiliar experience for Mr. Trump, who has monopolized America’s televisions, newspapers and smartphones for more than 12 months through indictments, primary victories, 34 felony convictions, an assassination attempt and a Republican National Convention at which he was celebrated as a quasi-religious figure. In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. Vice President Kamala Harris, whom Mr. Biden endorsed on Sunday and around whom Democrats rapidly coalesced, has enjoyed a political hot streak that Mr. Biden’s advisers could have only dreamed of during the 2024 campaign.

Persons: Donald J, Trump, It’s, Biden, Kamala Harris, Mr Organizations: Republican National Convention, Democratic, Sunday

In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. But within 24 hours, Democratic leaders unofficially crowned Ms. Harris and stamped out any notable opposition. His team considered mounting legal challenges to her campaign committee to make it harder for Ms. Harris to hit the ground running. And Mr. Trump is still cycling through nicknames for Ms. Harris — a sign that he hasn’t yet figured out how he intends to portray her. And some Trump campaign officials have telegraphed plans to “Willie Horton” Ms. Harris.

Persons: Donald J, Biden, Trump, It’s, Kamala Harris, Mr, Biden’s, Harris, “, —, viscerally, jostled, Erin Schaff, Brian Hughes, ” Mr, Biden’s “ Cackling, Laffin ’ Kamala Harris, ”, Kamala ”, Hillary Clinton, Kamala, Alex Castellanos, that’s, Kevin McCarthy, Mike Johnson, Doug Mills, ” Liam Donovan, ” Guy Cecil, “ Kamala Harris, David McCormick, Biden’s frailty, Willie Horton ” Ms, Michael Dukakis, Horton, Dukakis, Hilary Rosen Organizations: Republican National Convention, Democratic, Sunday, Black, Trump, The New York Times, Mr, Republicans, Republican, Indian, Indian American U.S, New York Times, National Republican, “ Republicans, Green, MAGA Inc Locations: Wilmington, Del, Indian American, Grand Rapids, Mich, Credit, Charlotte, —, Pennsylvania, Massachusetts, California

☆ Delta is finally starting emerging from chaos. Why didn’t it learn from Southwest’s meltdown?
▼ + stars: | 2024-07-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

The situation finally appeared to be returning to normal Wednesday: Delta canceled only 51 flights as of 6 am ET, according to tracking service FlightAware, or only about 1% of its schedule. But it could still take days to get all Delta passengers who had been booked on those canceled flights to where they wanted to go. Delta passengers try to find their bags after canceled and delayed flights at Hartsfield-Jackson Atlanta International Airport on Monday. But it’s not like Delta executives were sitting on the sidelines during Southwest’s struggles thinking, “’Well we really are an amazing airline. Travelers wait in line at the Southwest Airlines ticketing counter at Nashville International Airport after the airline canceled thousands of flights in Nashville, Tennessee in December 2022.

Persons: New York CNN — It’s, Delta, Jessica McGowan, Kathleen Bangs, Ed Bastian, it’s, ’ ” Bangs, Seth Herald, We’ve, Chris Perry, Bangs, she’d, aren’t, ” Organizations: New, New York CNN, Delta Air Lines, Delta Connection, Delta, Department of Transportation, Hartsfield, Jackson Atlanta International Airport, CNN, “, Southwest Airlines, Nashville International, Getty, Southwest Locations: New York, Atlanta, Southwest, Nashville , Tennessee, AFP

☆ Trump’s New Rival May Bring Out His Harshest Instincts
▼ + stars: | 2024-07-23 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

Donald J. Trump and his political team spent nearly two years tailoring a campaign to defeat an old white male president who is conspicuously frail and who most Americans had told pollsters they doubted could handle another four-year term. Suddenly, Mr. Trump faces a starkly different opponent: a vice president who is a Black woman, nearly 20 years younger, and who brings her own strengths and weaknesses but who adds new uncertainty into what had been a remarkably static race. Allies of Ms. Harris have already telegraphed that she will run a campaign framed around a “prosecutor versus felon” theme, highlighting her experience as a prosecutor and underscoring the fact that Mr. Trump has been indicted in multiple jurisdictions and convicted of 34 felonies. The prosecutor-versus-felon approach may appeal to undecided voters who had been sour on both Mr. Trump and President Biden. It may also goad Mr. Trump, who reacts strongly to criticism, into resurrecting the language he has used against other Black female prosecutors, such as Letitia James in New York and Fani Willis in Georgia, both of whom he has called “racist” and attacked in personal terms.

Persons: Donald J, Trump, pollsters, Harris, Biden, Letitia James, Fani Willis Locations: New York, Georgia

On Today’s Episode:Harris Clinches Majority of Delegates as She Closes In on Nomination, by Shane Goldmacher and Reid J. EpsteinTrump’s New Rival May Bring Out His Harshest Instincts, by Maggie Haberman and Jonathan SwanSeeking Answers, Lawmakers From Both Parties Ask Secret Service Chief to Quit, by Luke Broadwater, David A. Fahrenthold, Hamed Aleaziz and Campbell RobertsonFrustrated Californians May Be Ready for a Tougher Approach to Crime, by Tim Arango

Persons: Harris, Shane Goldmacher, Reid J, Epstein Trump’s, Maggie Haberman, Jonathan Swan, Luke Broadwater, David A, Fahrenthold, Hamed Aleaziz, Campbell Robertson, Tim Arango

☆ Ether ETFs officially begin trading in U.S., with funds from BlackRock, Grayscale and more
▼ + stars: | 2024-07-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Ether ETFs officially began trading in the U.S. on Tuesday, putting the world's second largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers like BlackRock and Fidelity and crypto-specific companies such as Grayscale, marking another step in the increased integration of digital assets into mainstream finance. The ether ETFs are widely expected to be smaller than the bitcoin funds, both because of the relative size of the two markets and the fact that ether may not be as familiar to many investors. The ether ETFs also do not offer staking, which is a process that can give crypto-native investors additional yield. Both the cheapest and most expensive funds come from Grayscale, which is effectively converting its multi-billion dollar private ether fund into two ETFs with different price points.

Persons: Jay Jacobs, Sam Callahan Organizations: Fidelity, Swan Locations: U.S, BlackRock

☆ Stock investors are staring down a bearish trifecta that could spark a 12% market drop by October, strategist says
▼ + stars: | 2024-07-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

He's steering clear of Big Tech stocks, and for now he's only bullish on "dull, boring, and predictable" names. Tech stocks now account for highest portion of the S&P 500 since the early 2000s, according to an analysis from Société Générale. AdvertisementAnother risk to stocks lies in interest rates, Blain said, as borrowing costs look poised to stay higher for longer. "There is an awful lot of people in the financial markets who just don't understand that zero interest rates and ultra-low interest rates are not normal," Blain added. AdvertisementThe final risk Blain is eyeing is the upcoming presidential election, which contains a handful of uncertainties that could batter stocks, Blain said.

Persons: Bill Blain, Blain isn't, —, that's, Blain, Biden, he's, Générale, John Hussman, I've, eyeing, We've, Morgan Stanley, Stifel, Richard Bernstein Organizations: Big Tech, Service, China, Nasdaq, Tech, stoke, Richard Bernstein Advisors

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