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  • Sep 12, 2024

WGMI: Trump Victory Would Ignite This Bitcoin ETF

While the upcoming U.S. Presidential election will likely be a catalyst for a variety of stocks and sectors, perhaps no ETF has more to gain from a potential Trump victory than the Valkyrie Bitcoin Miners ETF (WGMI). I’m bullish on WGMI based on its intriguing risk/reward profile in the event of a Trump victory. Plus, sell-side analysts forecast a potential upside of nearly 100% for this tiny ETF over the next 12 months. What Is the WGMI ETF’s Strategy? According to the fund’s sponsor, WGMI “is

  • Sep 12, 2024

Thailand's slumping economy is new leader Paetongtarn's focus in her first parliamentary speech

Thailand’s new Prime Minister Paetongtarn Shinawatra vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes. Paetongtarn, the leader of the ruling Pheu Thai Party and daughter of former Prime Minister Thaksin Shinawatra, took office last month after a court ousted Srettha Thavisin from his post over an accusation that he had violated an ethics law by appointing a Cabinet member who had served time in prison in connection with a bribery case. Pheu Thai formed a government headed by Srettha after members of the conservative Senate refused to endorse the prime minister nominated by the progressive Move Forward Party, which won the most seats in last year’s general election.

  • Sep 11, 2024

Adam Neumann's crypto comeback company is reportedly refunding investors

In a development that will surprise few, former WeWork CEO Adam Neumann's climate/crypto/carbon-credit startup Flowcarbon appears to be in the process of curling up to die, Forbes reported today. Buyers of the outfit's "Goddess Nature Token," pitched as the first step in putting carbon credits on the blockchain, have reportedly been contacted about receiving refunds over the last month, but they must first sign a confidentiality agreement and release of claims against Flowcarbon. The company told Forbes this was "well known" that it has been offering refunds, citing carbon credit market conditions for the operational delay.

  • Sep 11, 2024

Global Funds Rush Into Southeast Asia Stocks as Fed Pivot Play

(Bloomberg) -- Southeast Asian equities have cemented their position as a favorite play of money managers positioning for the Federal Reserve’s policy pivot.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025UC Berkeley Gives Transfer Students a Purpose-Built Home on CampusFour of the five be

  • Sep 11, 2024

Federal judge temporarily blocks Utah social media law aimed at protecting children

A federal judge in Utah has temporarily blocked a social media access law that leaders said was meant to protect the personal privacy of children and limit their use of such platforms, saying it is unconstitutional. U.S. District Court Judge Robert Shelby on Tuesday issued the preliminary injunction against a law that would have required social media companies to verify the ages of their users, apply privacy settings and limit some features on those accounts. The law was set to take effect on Oct. 1 but will be blocked pending the outcome of the case filed by NetChoice, a nonprofit trade association for internet companies such as Google, Meta — the parent company of Facebook and Instagram — Snap and X.

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