US regulators have approved a new breed of financial product that will give people a way to invest in bitcoin through their brokerage for the first time, as if it were a regular stock. A selection of financial institutions, including household names like BlackRock and Fidelity, have been given permission by the US Securities and … Read more
Artificial intelligence startups had a wild ride in 2023. Everyone and their grandmother tried out some sort of AI tool, startups in the space raised rounds at 2021 valuations, there were high-profile shutdowns, and then to close out the year, we had all the drama surrounding Sam Altman and OpenAI — plus New York Times’ lawsuit … Read more
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Behold! Someone is investing in a podcast company Could it be a sign that the tide is turning? Danish podcast and audiobook subscription service Podimo announced a new funding round worth €44 million ($48.4 million). Participants in the round include previous investors Augustinus Fabrikker and HighlandX, as well as the Danish Export and Investment Fund. … Read more
Rain at one point has claimed to investors that it has held advanced talks to sell systems to Google, Oracle, Meta, Microsoft, and Amazon. Microsoft declined to comment, and the other companies did not respond to requests for comment. Security Fears The funding round led by Prosperity7 announced last year brought Rain’s total funding to … Read more
Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger died Tuesday, according to a press release from Berkshire Hathaway. The conglomerate said it was advised by members of Munger’s family that he peacefully died this morning at … Read more
Ask an Advisor: ‘Prove Me Wrong.’ I Think Investing in CDs Is a Better Deal Than Working With an Advisor Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to … Read more
A pedestrian passes a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Money managers betting on a sustained global rebound will be left sorely disappointed in the second half of this crushing year as a protracted bear market looms, even if inflation cools. … Read more
Craig Douglas Contributor Craig Douglas is a partner at World Fund and an adviser to the EU Commission on Energy policy. World Fund invests in climate technologies with significant climate performance potential (CPP). Today, deep tech companies — companies creating cutting-edge, transformative technologies based on scientific breakthroughs and R&D, and bringing them to market — … Read more
Jack Bogle Mark Lennihan | AP Boring investing is making a comeback. With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard’s founder, Jack Bogle. The father of market indexes preached low-cost, passive investments that compound over years. Fans call themselves “Bogleheads,” and … Read more
Besides offering hours of mindless scrolling, TikTok also doubles as a hub for quick and accessible financial advice — some of it sound and some … mindless. If you find yourself in #FinanceTok, you’ve probably stumbled upon videos that advocate for whole life insurance. Don’t miss But unless you want an earful, don’t bring the … Read more