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Manhattan’s Criminal Courts Building, at 100 Centre Street, is short on charm: circled in scaffolding, lit like an aging cafeteria and, in recent months, neighbor to a colossal pile of rubble, the remains of the Manhattan Detention Complex, which is being demolished. Yet come Monday, it will be the pulsing center of a swirling mass of security measures, and likely headaches, as the first criminal trial of Donald J. Trump kicks off on its 15th floor. Court and law enforcement personnel have been tight-lipped about the exact steps they are taking, but a court lawyer said at a hearing this week that preparations had been underway for months. They will have plenty to contend with. Right-wing supporters of the former president have already announced plans to protest near the courthouse on Monday as jury selection begins, and cable news networks have promised wall-to-wall coverage of the case.
Persons: Donald J, Trump Locations: Manhattan
But several realtors told CNN that their clients are now citing another reason: Russia’s war in Ukraine, and the fear that the conflict could spread. A record-breaking number of Poles bought property in Spain in 2023, topping the previous record set the year before, according to Polish outlet Bizblog. Lopez said a client last month bought a property because they wanted to avoid being conscripted into the Polish military. “The trigger, really, was the war in Ukraine.”But most buy just for peace of mind – a back-up plan, for those wealthy enough to afford one. “Obviously, we are in NATO, but I must say there’s a big amount of people who are really, really afraid,” she said.
Persons: Agnes Marciniak, She’s, , , Kostrzewa, Volodomyr Zelensky, Ukraine “, Donald Trump, Donald Tusk, , Maria Ruiz Lopez, Lopez, Wieslaw, John Keeble, Liivia Illak, she’s, ” Illak, Alexey Navalny, Putin, they’ve Organizations: CNN, realtors, United States, NATO, Getty Locations: Baltic, Ukraine, Russia, Europe, Spain, Warsaw, Poland, Andalucia, Malaga, Belarus, Estonia, Lithuania, Russian
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMomentum for spot bitcoin ETFs will continue: Swan's Steven LubkaSteven Lubka, managing director of Swan Private Client Services, discusses spot bitcoin ETF adoption as well as how inflation and interest rate expectations are impacting crypto markets.
Persons: Steven Lubka Steven Lubka Organizations: Swan, Client Services
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rebounds above $70,000, and Uniswap says SEC warned of potential lawsuit: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Steven Lubka, managing director of Swan Private Client Services, discusses spot bitcoin ETF adoption as well as how inflation and interest rate expectations are impacting crypto markets.
Persons: Uniswap, explainers, Steven Lubka Organizations: SEC, CNBC Crypto, CNBC, Swan, Client Services
Stock Chart Icon Stock chart icon Bitcoin (BTC), entering its fourth halving period next week. After the 2012, 2016 and 2020 halvings, the bitcoin price ran up about 93x, 30x and 8x, respectively, from its halving day price to its cycle top. The halving occurs when incentives for bitcoin miners are cut by half, as mandated by the code of the Bitcoin blockchain. Zoom In Icon Arrows pointing outwardsThat $30 million assumes a bitcoin price of about $70,000. Diminishing returns from halving to halving Bitcoin has always shot to the moon in the months following its halving – that's what makes it such a celebrated day among enthusiasts.
Persons: Yu Chun Christopher Wong, bitcoin, Antoni Trenchev, it's, Steven Lubka, Swan Bitcoin, Trenchev, Swan's Lubka, Lubka Organizations: S3studio, Wall, Swan, Miners
Allies of Donald J. Trump are discussing ways to elevate third-party candidates in battleground states to divert votes away from President Biden, along with other covert tactics to diminish Democratic votes. They plan to promote the independent candidate Robert F. Kennedy Jr. as a “champion for choice” to give voters for whom abortion is a top issue — and who also don’t like Mr. Biden — another option on the ballot, according to one person who is involved in the effort and who, like several others, spoke on the condition of anonymity to discuss the plans. Trump allies also plan to amplify the progressive environmental records of Mr. Kennedy and the expected Green Party candidate, Jill Stein, in key states — contrasting their policies against the record-high oil production under Mr. Biden that has disappointed some climate activists. A third parallel effort in Michigan is meant to diminish Democratic turnout in November by amplifying Muslim voters’ concerns about Mr. Biden’s support for Israel’s war in Gaza. Trump allies are discussing running ads in Dearborn, Mich., and other parts of the state with large Muslim populations that would thank Mr. Biden for standing with Israel, according to three people familiar with the effort, which is expected to be led by an outside group unaffiliated with the Trump campaign.
Persons: Donald J, Trump, Biden, Robert F, Kennedy Jr, Mr, Kennedy, Jill Stein Organizations: Democratic, Green Party Locations: Michigan, Gaza, Dearborn, Mich, Israel
Jared Kushner’s investment fund is not especially large by global finance standards. His $3 billion fund is financed almost entirely from overseas investors with whom he worked when he served as a senior adviser in the Trump White House. He has taken money from government wealth funds in Saudi Arabia, Qatar and the United Arab Emirates, as well as from Terry Gou, a founder of Foxconn, the Taiwan-based electronics manufacturer, whose role in Mr. Kushner’s firm has not been previously disclosed. Mr. Kushner’s firm, Affinity Partners, is collecting approximately $40 million a year in management fees from those investors even before any share of profits earned on investments. He has made 10 investments to date, totaling $1.2 billion, many of them in companies based abroad.
Persons: Jared, Donald J, Trump, Terry Gou, Kushner’s Organizations: Trump White House, United Arab, Foxconn, Securities and Exchange Commission, Mr, Affinity Partners Locations: Saudi Arabia, Qatar, United Arab Emirates, Taiwan
Former President Donald J. Trump said in a video statement on Monday that abortion rights should be left up to the states, remarks that came after months of mixed signals on an issue that he and his advisers have worried could cost him dearly in the election. Mr. Trump said his view was that the states should decide through legislation, and that “whatever they decide must be the law of the land, and in this case, the law of the state.” But he added that he was “strongly in favor of exceptions for rape, incest and life of the mother.”“Many states will be different, many will have a different number of weeks or some will have more conservative than others, and that’s what they will be,” Mr. Trump said in the video, which he posted on his Truth Social website. “At the end of the day, it’s all about will of the people,” he added. “That’s where we are right now and that’s what we want — the will of the people.”
Persons: Donald J, Trump, , , Mr Organizations:
The long-running show referenced the polarizing "Seinfeld" series finale in its ending. How did the 'Curb Your Enthusiasm' series finale end? This mirrors the structure of the "Seinfeld" series finale. Related storiesLarry tells Seinfeld that "this is how we should've ended the finale," referencing the widely hated "Seinfeld" finale. Jerry Seinfeld and Larry David in the series finale of "Curb Your Enthusiasm."
Persons: Larry David's, , David, Larry, Earl Mack, Greg Kinnear, They're, Joe, Saverio Guerra, Irma, Tracey Ullman, Bruce Springsteen, Jerry, Jerry Seinfeld, George, Jason Alexander, Elaine, Julia Louis, Dreyfus, Kramer, Michael Richards, Seinfeld, Larry David, John Johnson, It's, Ken Tucker, who'd, Samuel Beckett, Tucker, Grantland Organizations: Service, HBO, New Yorker Locations: Atlanta, Massachusetts,
After three hours of meetings on Friday, Treasury Secretary Janet L. Yellen and Vice Premier He Lifeng of China sat down for a working dinner at the White Swan Hotel in Guangzhou, China. The evening activity was intended to give the pair, the top economic officials from the United States and China, an opportunity to go beyond talking points and build trust. The message represented a challenging test of economic diplomacy for Ms. Yellen. She wants China to dial back its industrial policy just as the United States is ramping up its own with trillions of dollars of subsidies for domestic clean energy industries. The new push against China’s exports threatens to inflame trade tensions between the world’s largest economies just as they have been working to stabilize relations.
Persons: Janet L, Yellen, Biden Organizations: Hotel Locations: China, Guangzhou, United States
Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, according to S3 Partners , a leading financial data marketplace platform. You need a lot of cash — and guts — to short Trump Media stock right now. "It's the most expensive stock borrow," Dusaniwsky said of Trump Media. As of Wednesday, the short interest in Trump Media — or value of shares borrowed for short trades — was about $255 million. The investors who are able to borrow shares from their brokers for a Trump Media short sale are "good customers" of those brokers, he said.
Persons: Donald Trump, Ihor Dusaniwsky, Dusaniwsky, Trump, , there's, Nick Wells Organizations: Trump, Trump Media, Investors, Partners, S3 Partners
Trump Spoke Recently With Saudi Leader
  + stars: | 2024-04-03 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com   time to read: +1 min
Former President Donald J. Trump spoke recently with Saudi Arabia’s de facto ruler, Prince Mohammed bin Salman, their first publicly disclosed conversation since Mr. Trump left office in January 2021, according to two people briefed on the discussion who were not authorized to speak publicly about it. It was unclear what the two men discussed and whether it was their only conversation since Mr. Trump’s departure from the White House. Neither representatives for Mr. Trump nor an official of the Saudi government responded to requests for comment. If President Biden manages to clinch a trilateral megadeal — which would probably include a Saudi-Israeli peace agreement, an Israeli commitment to a two-state solution, a U.S.-Saudi defense treaty and U.S.-Saudi understandings on a civilian nuclear program in Saudi Arabia — he will need support from two-thirds of senators to ratify the U.S.-Saudi treaty. Mr. Trump, as the presumptive Republican nominee in firm command of his party, could potentially either block any deal or greenlight it for congressional Republicans.
Persons: Donald J, Trump, Prince Mohammed bin Salman, Trump’s, Biden, Saudi Arabia — Organizations: Mr, U.S ., Republican, Republicans Locations: Saudi, Israel, U.S, Saudi Arabia
Two Israeli journalists traveled to Palm Beach, Fla., a little over a week ago, hoping to elicit from Donald J. Trump a powerful expression of support for their country’s war in Gaza. Instead, one of them wrote that what they heard from Mr. Trump at Mar-a-Lago “shocked us to the core.”“Both U.S. presidential candidates, Biden and Trump, are turning their rhetorical backs on Israel,” concluded Ariel Kahana, a right-wing settler who is the senior diplomatic correspondent for Israel Hayom. The newspaper is owned by the billionaire Republican donor Miriam Adelson; Ms. Adelson herself arranged the interview with Mr. Trump, according to a person with direct knowledge of the planning. What had Mr. Trump said that so alarmed Mr. Kahana? He told the interviewers that Israel was losing public support for its Gaza assault, that the images of devastation were bad for Israel’s global image and that Prime Minister Benjamin Netanyahu should end his war soon — statements that sounded far more like something President Biden might say than the kind of cheerleading Mr. Netanyahu has come to expect from Washington Republicans.
Persons: Donald J, Trump, Lago “, , Ariel Kahana, Israel Hayom, Miriam Adelson, Adelson, Israel, Benjamin Netanyahu, Biden, Netanyahu Organizations: Mar, Biden, Trump, Washington Republicans Locations: Palm Beach, Fla, Gaza, Israel
Opinion: Trump videos send wildly different messages
  + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.
Persons: Matthew Arnold, Homer, King James, Donald Trump, , Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, , ” Clay, , Obama, “ Obama, CNN Trump, , Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, , Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, , ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, , Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia
Donald J. Trump watched anxiously from the White House in April 2018 as news broke about federal agents searching the home of Michael D. Cohen, the man entrusted to conceal some of the president’s deepest secrets. After initially coming to Mr. Cohen’s defense, Mr. Trump washed his hands of his fixer within weeks, brushing aside Mr. Cohen’s feelers about a pardon and disavowing his legal bills. Mr. Trump took a different tack when prosecutors shifted their scrutiny to Allen H. Weisselberg, the Trump family’s longtime financial gatekeeper. Mr. Trump’s company paid Mr. Weisselberg’s legal bills and awarded him a $2 million severance, with a condition: He could not voluntarily cooperate with any law enforcement agency. But prosecutors say Mr. Weisselberg lied during his testimony, and this month he pleaded guilty to perjury.
Persons: Donald J, Trump, Michael D, Cohen, Cohen’s, Allen H, Weisselberg, Mr Organizations: White House, Trump Locations: Manhattan, U.S
CNN —The allision between the container ship MV Dali and the Francis Scott Key Bridge in Baltimore on Tuesday has prompted numerous questions — not only about how this tragedy occurred, but also about our global shipping processes. This marked the start of a campaign by the Houthis, in support of Hamas in their attack on Israel, against global shipping transiting the Red Sea, Bab-el-Mandeb and the Gulf of Aden. Now, two years later, Baltimore is closed with remains of the Key Bridge athwart the main shipping channel. No one agency has oversight of or coordinates global shipping or ports in the US. There is also no overall maritime strategy for the nation, although the US Department of Transportation, Maritime Administration has been tasked to develop one.
Persons: Salvatore R, Mercogliano, Francis Scott Key, , Sal Mercogliano Bennett Scarborough, Dali, , Jennifer Homendy, Transportation Pete Buttigieg, John Garamendi of, Dusty Johnson of Organizations: Campbell University, Shipping, YouTube, CNN, MV Galaxy Leader, Baltimore, Federal Highway Administration, Transportation, Bethlehem Steel, Department of Transportation, Maritime Administration, US Coast Guard, Army Corps of Engineers, Maryland Department of Transportation, US Department of Transportation, Federal Maritime Commission, Democratic, Republican, Dusty Johnson of South Dakota, Ocean Shipping Reform Locations: Baltimore, Asia, Suez, Los Angeles, Long, Yemen, Israel, Bab, Aden, China, Argentina, Largo, Dali, Sparrows, United States, John Garamendi of California, Dusty Johnson of South
Bitcoin jumps 7%, retakes $70,000 to start the week
  + stars: | 2024-03-25 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
MicroStrategy , which trades as a proxy for the price of bitcoin, surged 20%, while Coinbase advanced 9%. The mining sector got a lift from bitcoin, too, with Marathon Digital and Riot Platforms up 4% and 9%, respectively. Bitcoin had been in correction mode for the past week, after it hit an all-time high of $73,797.68 on March 14. Sam Callahan, lead analyst at bitcoin services firm Swan Bitcoin, said it's likely tied to the messaging coming from the Federal Reserve last week. Despite its pullbacks, bitcoin is on pace to finish March on a winning note.
Persons: CleanSpark, cryptocurrency, cryptocurrencies, Bitcoin, Alex Thorn, Thorn, Genesis, Sam Callahan, Swan Bitcoin, it's Organizations: Marathon, Mining, Metrics, Galaxy Digital, Federal Reserve, Fed
And that wasn’t always the case.”There were also instances of discrimination that could have easily turned Copeland away from dance all together. “There were times that I was not cast in certain roles because I would stand out too much and kind of ruin the aesthetic, especially if it was a performance that was being filmed,” Copeland told Wallace. “I think about this kind of generational trauma for Black dancers that comes with that role,” she said. And I feel that that’s what I’ve done with a lot of the roles I’ve taken on, but especially Swan Lake,” Copeland told Wallace. Misty Copeland and James Whiteside perform in "Swan Lake" at Lincoln Center in New York, June 24, 2015.
Persons: Misty Copeland, Copeland, , ” Copeland, CNN’s Chris Wallace, Chris Wallace, , who’s, “ I’ve, it’s, wasn’t, Wallace, “ Odette, Odile ”, Theatre’s, “ We’ve, that’s, Odette, Swan, James Whiteside, Julieta Cervantes, ABT, Jackie Robinson, haven’t, Daniil Simkin, Kevin Sullivan, Max Organizations: CNN, American Ballet Theatre, New York Times, Lincoln Center, Register, Getty, Motion Productions, , Boys & Girls Clubs of America, Misty Copeland Foundation Locations: American, Swan, , Swan Lake, , New York, Orange
The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.
Persons: , Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America
In 2013, two years before he began running for president, Mr. Trump — Mr. Kushner’s father-in-law — told a top Serbian government official that he wanted to build a luxury hotel on the site. Associates of the Trump Organization traveled to Belgrade to inspect the location. The project did not come together before Mr. Trump’s election in 2016, and after being sworn in he vowed to not do any new foreign deals. But developing the site would again draw interest from Mr. Trump’s circle. Richard Grenell, whom Mr. Trump had appointed as a special envoy in the Balkans, pushed a related plan during the Trump administration that Serbia and the United States jointly work to rebuild the Defense Ministry site.
Persons: Jared Kushner, Donald J, Trump, Kushner, Kushner’s, , Richard Grenell Organizations: Yugoslav Ministry of Defense, NATO, The New York Times, Serbian, Associates, Trump Organization, United, Defense Ministry Locations: Belgrade, Serbian, Balkans, Serbia, United States, American
CNN —The public absence of Catherine, Princess of Wales, has grown from a niche royal watcher concern to an international punchline in a matter of weeks. Droves of amateur detectives have crafted timelines and deep dives into the princess’ movements over the last few months, combining real concern with outlandish conspiracy. The uproar, the theories, the analyses, the jokes and, yes, the serious concern — they all show the multitude of ways people interact with and view the royal family. “Not [the royal family] specifically, just anyone in that kind of position.”Catherine, Princess Of Wales is seen during the opening of Evelina London's new children's day surgery unit on December 5, 2023 in London, England. Chris Jackson/Getty ImagesMore dire than the growing transatlantic comedy routine is the apparent dissolution of trust between some media outlets and the royal family.
Persons: Catherine , Princess of Wales, That’s, Kate, hasn’t, CNN It’s, it’s, , who’s, , unrelatable, I’ve, Susan Graves, subreddit, Diana, Prince Harry, Prince Andrew, Carly Wainsworth, “ It’s, Graves, Wainsworth, Meghan, Duchess of Sussex, King Charles ’, Princess Diana —, they’re, ” Wainsworth, ” Catherine, Princess, Ian Vogler, Kate truthers, Kate Middleton ”, kate, don’t, Pete Davidson, Singer, Stephen Colbert, Stephen Colbert , goss, Cillian Murphy, ” Prince William , Prince of Wales, Prince Louis of Wales, Princess Charlotte of Wales, Prince George of Wales, Chris Jackson, Catherine, you’re, we’ve, Phil Chetwynd, Prince William, Mark Borkowski, ” Borkowski, Rosa Prince, Barbie Organizations: CNN, Daily, Dublin Airport, Getty, AFP, BBC, British Press Photographers ’ Association, , The Daily Mail, Royal, , ” Politico Locations: Kensington, Brazilian, Birmingham, Wales, London, England, Buckingham
Jared Kushner, the son-in-law of Donald J. Trump, confirmed on Friday that he was closing in on major real estate deals in Albania and Serbia, the latest example of the former president’s family doing business abroad even as Mr. Trump seeks to return to the White House. Mr. Kushner’s plans in the Balkans appear to have come about in part through relationships built while Mr. Trump was in office. Mr. Kushner, who was a senior White House official, said he had been working on the deals with Richard Grenell, who served briefly as acting director of national intelligence under Mr. Trump and also as ambassador to Germany and special envoy to the Balkans. One of the proposed projects would be the development of an island off the coast of Albania into a luxury tourist destination. A second — with a planned luxury hotel and 1,500 residential units and a museum — is in Belgrade, the capital of Serbia, at the site of the long-vacant former headquarters of the Yugoslav Army destroyed in 1999 by the NATO bombings, according to a member of Parliament in Serbia and Mr. Kushner’s company.
Persons: Jared Kushner, Donald J, Trump, Kushner’s, Kushner, Richard Grenell Organizations: Mr, White House, Yugoslav, NATO Locations: Albania, Serbia, Germany, Balkans, Belgrade
In today's big story, we're looking at why Zyn nicotine pouches are becoming the go-to alternative for workers looking for a boost . Zyn, a brand of nicotine pouch, has quickly gained a loyal following among some workers looking for a boost during the day. There was a 62% year-over-year bump in the amount of flavored nicotine pouches shipped in the US in 2023. Containers of "Zyn" nicotine pouches. He said the nicotine pouches were too accessible and gave him migraines.
Persons: , Michael M, Jenny Chang, Rodriguez, Sarah Jackson, Tim Paradis, Sarah, Tim, it's, Zyn, Tim he'll, vaping, Mark Spitznagel, Spitznagel, Samantha Lee, Stanley, Max, Bob Jordan, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Getty, Wall Street, Republican, New York Stock Exchange, UBS, Electronic Arts, Verizon, Ford, Reading, Airlines, Boeing Locations: Copenhagen, New, Wall St , New York, USA, Oxford, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLago, a French startup that offers open-source billing software, has raised $22 million. Founded in 2021, Lago utilizes the open-source community to help businesses like Mistral, Together AI, and Swan manage their payments and billing needs. AdvertisementIn addition, Lago, which has around 30% of its business in the US, will begin to scale out its offering outside of Europe. Lago believes its flexibility around infrastructure will help it win more clients globally as businesses look to create more customizable revenue stacks.
Persons: , Lago, Swan, Matt Turck, Chuong, Turck Organizations: Service, Business, FirstMark, New Locations: Paris, Lago, Europe
The fund made headlines for returning 4,144% amid the 2020 stock market crash, an example of a so-called black-swan event. And when the market moves one way, we think that's going to happen forever." Spitznagel's main don'ts to mom-and-pop investors are; don't chase the market, don't time the market, don't place too much confidence in its current direction, and don't make decisions based on short-term Fed moves. Instead, build a portfolio that's positioned so that if the market goes down by 50%, you won't be squeezed. And if the market is up 50%, don't be the sucker that's going to buy up there", Spitznagel said.
Persons: Mark Spitznagel, Spitznagel, Ray Dalio, We're Organizations: Universa Investments, Business
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