Bitcoin slides after Elon Musk appears to suggest in a tweet that Tesla might dump its holdings of the cryptocurrency
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In this articleTSLAElon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020.Andrew Harrer | Bloomberg | Getty ImagesTesla CEO Elon Musk implied in a Twitter exchange Sunday afternoon that the electric vehicle maker sold or may sell the rest of its bitcoin holdings, sending the price of the cryptocurrency down.Bitcoin dipped nearly 8% to around $44,000 per coin.A Twitter user who goes by @CryptoWhale said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him…”Musk replied, “Indeed.”A potential sale comes just days after Musk said the company planned to hold rather than sell the bitcoin it already has and intended to use it for transactions as soon as mining transitions to more sustainable energy.Musk has been a big supporter of cryptocurrencies, helping rally the prices of digital coins, including bitcoin, several times in the past year. In an SEC filing in February, Tesla revealed that it bought $1.5 billion worth of bitcoin. The company later said it registered a
(NYTIMES) In England and America, selling bird seed for feeders is a big business. In Delhi, people toss bits of meat into the air for black kites. Fleets of ships ply the oceans to catch fish for domestic cats, the descendants of predatory land animals.Humans feed animals all the time, whether it’s our pets, the chickens we plan to eat or the ducks at the park pond, even though we shouldn’t. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive storiesIn-depth analyses and award-winning multimedia contentGet access to all with our no-contract promotional package at only $0.99/month for the first 3 months* *Terms and conditions apply.
SINGAPORE, May 17, 2021 /PRNewswire/ — StashAway has launched StashAway Term Life, a group term life insurance policy underwritten by Prudential Singapore. The addition of the new product brings StashAway even closer to becoming an all-in-one wealth management platform.StashAway Term Life is a fully digital offering available on the StashAway app to Singapore residents. Applying for coverage takes only a few minutes, with no in-person medical check required. Clients can get a personalised recommendation for how much coverage they need, and then apply for coverage ranging from $100,000 to $500,000 SGD by answering just 6 health-related questions.StashAway Term Life is a yearly renewable policy designed to give clients a flexible insurance option. Those insured can renew their plans every year as long as they reside in Singapore. This offering is particularly suitable for those early in their careers or those looking to easily top-up any existing coverage they have individually or as part of their employee benefits.Michele Ferrario, Co-founder and CEO of StashAway says, “Our goal from the time we first launched our services in 2017 was to provide affordable, transparent, and straightforward financial products. The addition of StashAway Term Life is one more way we’re doing that, with a
George Soros reportedly snapped up stocks that took a hit amid the collapse of Archegos Capital Management in March. What Happened: Billionaire George Soros’ investment firm Soros Fund Management bought shares of CBS Corporation (NASDAQ:VIAC), DISCOVERY COMMUNICATIONS INC (NASDAQ:DISCA) and Baidu Inc (NASDAQ:BIDU) as these stocks were at a discount after Bill Hwang’s Archegos Capital Management collapsed, Bloomberg reports. Soros bought $194 million in ViacomCBS shares and $77 million in Baidu shares, the report said. The firm also bought $46 million worth of Vipshop Holdings Ltd (NYSE:VIPS) shares and $34 million of Tencent Music Entertainment Group’s (NYSE:TME) shares. A person familiar with the fund’s trading told Bloomberg that the company didn’t hold the shares before Archegos’ implosion. Why It Matters: Hwang ran a family office that imploded in March and caused massive losses at a few big banks when Archegos couldn’t meet margin calls. Archegos had more than $20 billion of capital and total bets exceeding $100 billion. Hwang was very successful with his family office until he began to overutilize leverage, or borrowed money, to chase higher returns in the market. The problem with this strategy comes when investments start to lose money, and the banks lending the investor money begin to get nervous and initiate margin calls. Subsequently, shares of Archegos investments ViacomCBS, Discovery and others temporarily
JERUSALEM (REUTERS) – At least two worshippers were killed and more than 100 injured on Sunday (May 16) when a grandstand collapsed in a synagogue under construction in a Jewish settlement in the occupied West Bank, Israel’s national ambulance service said. The accident in Givat Zeev, just north of Jerusalem, raised more questions about safety measures at large ultra-Orthodox events, two weeks after 45 pilgrims were crushed to death in a stampede at the burial site of a Jewish sage in northern Israel. A police spokesman said 650 worshippers were at the Givat worship site for the start of the Jewish holiday of Shavuot. The event was held in a partially constructed synagogue. The local mayor and senior fire brigade and police officers said it had gone ahead despite the lack of a permit and official warnings that the building zone was unsafe. A spokesman for the Magen David Adom ambulance service said at least two people were killed. Ambulances and military helicopters ferried the injured to hospitals. Security footage broadcast on Channel 12 TV showed a crowded grandstand collapsing and worshippers falling on top of each other. “We were called again to another
Leading PCR test provider VIVO Clinic has launched a travel information portal to assist with international trips to and from the UK. BIRMINGHAM, England, May 16, 2021 /PRNewswire/ — During the pandemic, travel has been severely restricted. Now that the Government has launched a traffic light system designation for every country, UK residents are once again beginning to book holidays for the future.The travel information portal is a comprehensive resource that provides relevant travel information in one place.Travellers can browse countries based on the current traffic light designation and live popularity.When viewing specific countries, travellers can see: Which tests are required before, during, and after their trip Current restrictions in that country Weather, currency conversion, and time difference Up to date Covid-19 statistics for that location Flight and hotel availabilityCommenting on the new system, Will Andrews, CTO at VIVO Clinic says: “International travel is set to bounce back in a big way, but understanding current restrictions and requirements can be confusing, and planning a trip can involve a time-consuming slog through many resources.”The system automatically aggregates hundreds of data sources to provide information for 330 countries.”We are incredibly proud of our travel information portal and hope that it will
Combined images of AT&T CEO John Stankey (L)and john stankey WarnerMedia CEO Jason Kilar.ReutersAT&T is in advanced talks to merge WarnerMedia with Discovery in a deal that will strengthen the combined company against rival media giants Netflix and Disney, according to people familiar with the matter.A deal could be announced as soon as tomorrow, said the people, who asked not to be named because the discussions are private. Talks aren’t final and could still fall apart, said the people.AT&T and Discovery declined CNBC’s request for comment. The likely structure of the deal will combine Discovery with all of WarnerMedia, which will become a new publicly traded company co-owned by AT&T and Discovery shareholders, the people said. The exact split between the two companies couldn’t be determined. Discovery has a $16 billion market capitalization and a $30 billion enterprise value. AT&T acquired Time Warner, since renamed to WarnerMedia, for $85 billion in equity value in 2018.Bloomberg News first reported talks between AT&T and Discovery for their content assets.
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