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Genesis, a part of Digital Currency Group, entered into a deal with Gemini in December 2020 to offer Gemini customers the chance to loan their crypto assets to Genesis in exchange for earning interest, the SEC said. Beginning in February 2021, they raised billions of dollars' worth of crypto assets from investors, the SEC said. The firms violated securities laws through the offer and sale of crypto assets through their Gemini Earn product, the SEC said. In November 2022, Genesis told investors they could not withdraw their crypto assets as volatility in the crypto markets prompted a liquidity crunch. Gemini and other Genesis creditors have been agitating for a solution to avoid a situation similar to FTX's rapid descent into bankruptcy.
Beginning in February 2021, they raised billions of dollars’ worth of crypto assets from investors, the SEC said. The firms violated securities laws through the offer and sale of crypto assets through their Gemini Earn product, the SEC said. In November 2022, Genesis told investors they could not withdraw their crypto assets as volatility in the crypto markets prompted a liquidity crunch. At the time, Genesis had about $900 million in assets from 340,000 Gemini Earn investors. Gemini and other Genesis creditors have been agitating for a solution to avoid a situation similar to FTX’s rapid descent into bankruptcy.
Three-Stock Lunch: UBER, LULU & V
  + stars: | 2023-01-09 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: UBER, LULU & VBill Stone, CIO at The Glenview Trust Company, joins 'Power Lunch' to discuss three stocks: Uber, Lululemon and Visa.
Stone: Markets tend to move in advance of a recession
  + stars: | 2023-01-05 | 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 EmailStone: Markets tend to move in advance of a recession and rarely see two down years in a rowBill Stone, Chief Investment Officer at The Glenview Trust Company, joins Worldwide Exchange to discuss the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStone: Santa may still visit Wall Street, but there are more challenges ahead for the markets in the new yearBill Stone of the Glenview Trust Company discusses the historical trends behind the Santa Claus rally and whether there's still a shot it may occur this year.
Three-Stock Lunch: FedEx, Nike and Carnival
  + stars: | 2022-12-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: FedEx, Nike and CarnivalBill Stone, Glenview Trust Company CIO, joins 'Power Lunch' to discuss Stone's investing take on three stocks: FedEx, Nike and Carnival.
Evercore ISI names Apple as a top pick in 2023 Evercore said it sees 2023 as a "moonshot" year for Apple. MKM names Walmart a top 2023 pick MKM said it sees further share gains for Walmart in 2023. " JPMorgan names Eli Lilly a top 2023 pick JPMorgan said Eli Lilly is "best-in-class." Canaccord names Yeti and Traeger top 2023 picks Canaccord says Yeti should hold up well in a recessionary environment. YETI Holdings (YETI : BUY, $58 PT): We believe the core YETI consumer should hold up relatively better in a recession as it skews a bit higher end.
Here are Tuesday's biggest calls on Wall Street: UBS reiterates Apple as buy UBS said Apple's iPhone supply chain headwinds are abating. Cowen reiterates TJX Company as outperform Cowen said it's feeling more bullish on the stock after a series of recent management meetings. Piper Sandler reiterates Tesla as outperform Piper said reports of Tesla cutting production in China are mostly overdone. Bank of America reiterates Chipotle as buy Bank of America said the Mexican chain restaurant has "price elasticity." Oppenheimer upgrades General Electric to outperform from market perform Oppenheimer said it's starting to see strong execution from GE .
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStone: Bond yields will likely go higher into the start of next yearBill Stone, Chief Investment Officer of The Glenview Trust Company, joins Worldwide Exchange to discuss his predictions for the bond market.
What the heck happened to Salesforce?
  + stars: | 2022-11-29 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +3 min
Exhibit A: software giant Salesforce. Salesforce (CRM) has lagged the performance of top cloud software rivals such as Microsoft (MSFT), Germany’s SAP (SAP) and Oracle (ORCL). Salesforce said it now expects earnings per share of about $1.20 to $1.21 for this quarter and sales of $7.82 billion to $7.83 billion. So is Salesforce, led by co-CEOs Marc Benioff and Bret Taylor, due for a comeback in 2023? Salesforce has spent nearly $50 billion since 2018 to buy application software company MuleSoft, data visualization software leader Tableau and workplace productivity suite Slack.
Grayscale, the asset manager running the world's largest bitcoin fund, said in a statement that it won't share its proof of reserves with customers. Grayscale's flagship fund is the Grayscale Bitcoin Trust, known by its GBTC ticker. The firm pointed to a letter sent by Coinbase CFO Alesia Haas on Nov. 18, which breaks down an accounting of the tokens held at Coinbase Custody. In a tweet, the firm added that the "laws, regulations, and documents that define Grayscale's digital asset products prohibit the digital assets underlying the products from being lent, borrowed, or otherwise encumbered." Barry Silbert's Digital Currency Group is the parent company of Grayscale, Genesis, and CoinDesk.
The disclosure sparked a big rally in the stock as Buffett made Taiwan Semi Berkshire's 10th biggest holding at the end of September. Taiwan Semi is the biggest chip producer in the world by revenue, with clients like Nvidia and Qualcomm. By betting on Taiwan Semi, Buffett is essentially backing the Apple ecosystem and iPhone demand in coming years, he said. It's about 25% of their revenue... when you are betting on TS, you are really betting on Apple." 'Moat' Taiwan Semi has a unique quality that Buffett always looks for – and that is a competitive edge or the so-called wide moat.
REUTERS/Octavio JonesNEW YORK, Nov 16 (Reuters) - Former President Donald Trump's entry on Tuesday into the 2024 presidential race confirmed the world's "worst kept secret" and created another variable for markets that some investors say remains a low priority for now. Trump's announcement, meanwhile, came as little surprise to investors, as the former president had telegraphed the possibility he might run again for some time. DIVIDED WE HURTUnlike during Trump's previous bid, the discord within the Republican party also worried some investors. The Republican president has claimed credit for the rise, tweeting often about Wall Street's performance. Both stocks rallied earlier this month on reports Trump was considering a third bid for the White House.
REUTERS/Octavio JonesNEW YORK, Nov 15 (Reuters) - Former President Donald Trump's entry on Tuesday into the 2024 presidential race confirmed the world's "worst kept secret" and created another variable for markets that some investors say remains a low priority for now. Trump, who has mounted relentless attacks on the integrity of U.S. voting since his 2020 election defeat, announced his bid at his Mar-a-Lago estate in Florida, seemingly with the aim of pre-empting potential Republican rivals. Trump's announcement, meanwhile, came as little surprise to investors, as the former president had telegraphed the possibility he might run again for some time. Shares of Digital World Acquisition Corp (DWAC.O), the blank-check company looking to take Donald Trump's social media venture public, fell 8.8% on Tuesday, while software developer Phunware Inc (PHUN.O), which was hired by Trump's 2020 re-election campaign to build a phone app, slid 4.7%. Both stocks rallied earlier this month on reports Trump was considering a third bid for the White House.
Stone: Stocks still give the most attractive risk-reward
  + stars: | 2022-10-31 | 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 EmailStone: Even with the market down 20%, stocks still give the most attractive risk-rewardBill Stone, Chief Investment Officer at The Glenview Trust Company, joins Worldwide Exchange to discuss catalysts for the markets this week.
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Apple earnings: Is the iPhone 14 recession proof?
  + stars: | 2022-10-27 | by ( Clare Duffy | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Apple is about to offer its first hints about iPhone 14 sales after weeks of rumors that demand for its latest smartphone lineup could be weaker than initially expected. On Thursday afternoon, Apple will report earnings results for the September quarter, a period that includes about two weeks’ worth of sales of the iPhone 14 lineup. Apple (AAPL) shares briefly dipped last month following a report that the company had abandoned plans to increase production of the iPhone 14 lineup in the second half of this year because of lower-than-expected demand. The higher-cost iPhone 14 Pro model appears to be the most popular of the new models, which is expected to boost average selling prices for iPhones across the board, according to Angelo Zino, senior equity analyst at CFRA research. Apple earlier this week raised the prices for its music and TV streaming services, which could help boost sales going forward.
Three-Stock Lunch: CVNA, TGT & MSFT
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: CVNA, TGT & MSFTBill Stone, chief investment officer at The Glen View Trust Company, joins 'Power Lunch' to discuss three stocks involved in some of Wall Street's biggest calls: Target, Carvana, and Microsoft.
NEW YORK, Sept 29 (Reuters) - Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year. Register now for FREE unlimited access to Reuters.com RegisterThat calculus has drastically changed as the Fed hikes interest rates to stave off the worst inflation in decades, bolstering yields on everything from Treasuries to money markets. Money market funds took in $30 billion in the latest week, according to Refinitiv Lipper, while equity funds, taxable fixed income funds, and tax-exempt bond funds all had net redemptions. "We are definitely getting a resizing of that now.”Reuters GraphicsOf course, the alternatives to stocks are far from risk free. Still, the robust yields are likely to continue presenting a challenge to stocks, investors said.
Industry groups representing Amazon, Apple, Block, Coinbase, Genesis, Google, GrubHub, Lyft, Facebook/Meta, Uber, and other companies wrote to the state assembly opposing the law. Nine organizations representing consumers and advocating for economic justice wrote to the state assembly expressing support for the law. Several tech industry groups representing major companies and venture capital firms wrote in to oppose the law. Several organizations advocating for consumers and economic justice wrote to the state assembly expressing support for the law. Interest groups argued that regulation presents an "undue burden"on crypto companiesBlockchain Advocacy CoalitionThe Blockchain Advocacy Coalition wrote to Assemblymember Grayson on August 26.
Wells Fargo is paying $131.8 million to 401(k) participants to settle a probe by the DOL. The DOL said it found that the plan overpaid for company stock purchased between 2013 and 2018. Wells Fargo said it "strongly disagrees" with the allegations. Wells Fargo and GreatBanc didn't admit or deny the allegations as part of the settlement, the DoL said, though Wells Fargo said in a statement Monday that it "strongly disagrees" with the allegations. The plan borrowed money from Wells Fargo to purchase the preferred stock between 2013 and 2018, the DoL found.
Warren Buffett turns 92 on Tuesday, having spent the past year expanding further his Berkshire Hathaway energy empire, making a classic value investor's bet. Plus, many energy stocks have found themselves with torrents of cash flow since the economy reopened following Covid lockdowns. "All of this just sounds like the perfect Berkshire Hathaway stock." If Berkshire continues to ramp up its Occidental investments and makes the position a controlling one, it probably reflects the influence of Greg Abel, Buffett's likely successor who has been leading the conglomerate's energy unit Berkshire Hathaway Energy. Berkshire acquired MidAmerican Energy in 1999, and Abel became CEO of MidAmerican Energy in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.
Sursa foto: APBritney Spears a cerut judecătorului să pună capăt tutelei „abuzive”: „Sunt traumatizată, îmi vreau viaţa înapoi”Cântăreaţa americană Britney Spears a cerut judecătorului, miercuri, să pună capăt tutelei „abuzive”, care i-a marcat viaţa în ultimii 13 ani, şi l-a denunţat pe tatăl ei pentru controlul exercitat asupra vieţii ei. Britney Spears a adăugat că a vrut să îşi dea în judecată familia, pentru felul în care a fost tratată. În declaraţia ei, cântăreaţa a spus că tatăl, Jamie Spears, a controlat-o „100.000%” şi că vrea ca acest aranjament să se încheie. Jamie Spears a primit controlul asupra ei şi a afacerilor ei printr-un ordin judecătoresc în 2008, după ce Britney Spears a dat semne că ar avea probleme de sănătate mintală, însă anul trecut cântăreaţa a început procedurile pentru înlăturarea lui. „Vreau ca această tutelă să se încheie fără a fi evaluată”, a spus ea, numind aranjamentul „abuziv”.
Persons: Britney Spears, Spears, Ea, Brenda Penny, îşi, Cântăreaţa, cântăreaţa, Jamie Spears, . Jamie Spears, Variety, Samuel Ingham, Penny, Jodi Montgomery, Lynne, Jamie, Vivian Thoreen, Domnul Spears, Ingham, El Organizations: Bessemer Locations: Los Angeles
The bottom line: First Security Bank and Trust Company is the only Black-owned bank in Oklahoma City. Read our review Read Our Review A looong arrow, pointing rightThe First Security Bank and Trust Company Free Checking Account has no monthly service fee. How First Security Bank and Trust Company worksFirst Security Bank and Trust Company is a Black-owned bank with one branch in Oklahoma City, OK. How First Security Bank Bank and Trust Company compares to similar institutionsFirst Security Bank and Trust Company is the only Black-owned bank in Oklahoma. First Security Bank and Trust Company vs. Liberty Bank and TrustLiberty Bank and Trust is only accessible online if you live in Oklahoma (although it does have branches in other states).
Citizens Savings Bank and Trust bank accounts Citizens Savings Bank and Trust Company Heritage Savings AccountCitizens Savings Bank and Trust Company Foundation Checking AccountCitizens Savings Bank and Trust Company Certificate of DepositCitizens Savings Bank and Trust Company Personal Premium Money Market Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How Citizens Savings Bank and Trust WorksCitzens Savings Bank and Trust is designated as a minority-led credit union (MDI) by the NCUA. Citizens Savings Bank and Trust vs. Hope Credit UnionHope Credit Union doesn't have any Tennessee branches outside of Memphis, so Citizens Savings Bank and Trust is the clear choice if you live in Nashville. Citizens Savings Bank and Trust vs. Tri-State Bank of MemphisYou'll want to go with Citizens Savings Bank and Trust if you live in Nashville, because the Tri-State Bank of Memphis is only in Memphis. Is Citizens Savings Bank and Trust a good bank?
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