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Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 'Contrarian' Trades To Watch
Tuesday, May 16, 2023 - 5:29pm | 505A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth. Long big tech (32%), short banks (22%) and short the U.S. dollar (16%) were found to be the...
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Crypto Investors Panic And Pull $3B From This Stablecoin In 3 Days
Thursday, March 16, 2023 - 12:09pm | 414Investors have withdrawn around $3 billion from the stablecoin USDC over the course of three days, according to a blog post by Circle (CRYPTO: USDC). The sudden outflows were triggered by the news of the collapse of Silicon Valley Bank (NASDAQ: SIVB), which held around $3.3 billion of USDC...
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Crypto Investors, Beware: Proof Of Reserve Audits Don't Prove Anything, SEC Warns
Friday, December 23, 2022 - 1:18pm | 369Cryptocurrency companies have been publishing audits, or so-called proof-of-reserve reports, to gain investor confidence on the heels of the FTX collapse. But the U.S. Securities and Exchange Commission (SEC) says investors should take those reports with a grain of salt. “Investors should not...
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DeFi Hardliner Resigns From SEC Post After Reports Of His Being Friendly With SBF
Friday, December 23, 2022 - 11:03am | 300Dan Berkovitz, general counsel for the U.S. Securities and Exchange Commission (SEC), will step down from his position on Jan. 31. "After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities," Berkovitz said in a statement issued...
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Majority Of Dogecoin Investors Are Still In Profit Despite 90% Drop: Here's How
Sunday, May 22, 2022 - 12:17pm | 256The price of Dogecoin (CRYPTO: DOGE) has been plummeting since it hit its peak in 2021. At the time of writing, it was trading at $0.08531, dropping almost 4% in the last seven days. Dogecoin has experienced one of the worst declines in the crypto's history, falling by almost 90...
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Inactive Bitcoin Supply Nears Record; Over 60% Of BTC Remains Hoarded As Price Drops
Saturday, February 19, 2022 - 1:06pm | 404According to on-chain data, a majority of Bitcoins (CRYPTO: BTC) have not been moved in at least a year. Crypto investors are holding on to their BTC despite Bitcoin’s performance. Long-term investors are adding to their positions or staying put on their BTC exposure. At the time of...
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Cybin Inc. CEO To Present In Two Upcoming Investor Conferences
Monday, September 27, 2021 - 12:43pm | 1138The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Cybin (NYSE: CYBN), a biotechnology company focused on progressing psychedelic therapeutics, will be participating in two upcoming...
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Recent Crypto Market Was A Testament, But 'The System Didn't Break,' Says Global Macro Investor's Raoul Pal
Tuesday, May 25, 2021 - 8:28pm | 445The recent cryptocurrency market crash is a testament to its ecosystem's reliability, according to Raoul Pal, CEO of Global Macro Investor, a global macro advisory publication. What Happened: Pal noted in a Tuesday Twitter thread that the cryptocurrency market crashed by "42% in 14 days,...
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ETFMG Alternative Harvest Hits $1B In Assets Under Management
Wednesday, December 9, 2020 - 4:12pm | 356US-traded cannabis ETF ETFMG Alternative Harvest ETF (NYSE: MJ) – surpassed $1 billion in assets under management on Dec. 4. The news is disclosed Wednesday by ETF Managers Group LLC which manages the fund, launched in December 2017. The fund has been trading on NYSE for less than three...
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SEC Says Cheesecake Factory Misled Investors On COVID-19 Impact, Fines Restaurant Chain
Friday, December 4, 2020 - 2:18pm | 365Casual restaurant chain Cheesecake Factory Inc (NASDAQ: CAKE) said it will pay a $125,000 fine to the U.S. Securities and Exchange Commission for making misleading statements in late March and early April, the SEC said in a Friday statement. What Happened: Cheesecake Factory said on March 23 and...
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Direxion Launches Three New ETFs For Long-Term Investors
Wednesday, February 5, 2020 - 3:38pm | 592Direxion announced on Wednesday the launch of three new ETFs for 2020 meant to appeal to long-term investors. These new ETFs are the Direxion MSCI USA ESG - Leaders vs. Laggards ETF (NYSE: ESNG) Direxion Flight to Safety Strategy ETF (NYSE: FLYT) and Direxion S&P 500 High Minus...
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SEC Proposes Changing Accredited Investor Rules To Include Relevant Experience, Education
Thursday, December 19, 2019 - 5:24am | 372The U.S. Securities and Exchange Commission on Wednesday proposed to alter the requirements for an "accredited investor" to include qualifications beyond individual net worth or annual income. The regulations require an individual to be an accredited investor before they can invest...
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How Are Brokers Making Money Off Investors And How Can You Reduce The Burden?
Thursday, March 28, 2019 - 12:28pm | 1274Picking the right mix of investments to add to your financial portfolio is a challenging undertaking. Most of us focus on the performance of financial instruments vis-a-vis the 52-week high and low figures, trading volume, bullish or bearish sentiment, charts, graphs, analyst opinions, et al. But...
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A Dive Into The Startup Keeping Financial Advisors Accountable
Friday, December 21, 2018 - 1:07pm | 620Benzinga is rolling out the Fintech Focus podcast, a series of interviews with leaders in the fintech space. Our fourth episode features Aaron Klein, founder and CEO of Riskalyze, the startup disrupting the way financial advisors relate to their clients. Riskalyze breaks down investing a little...
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Even The Best Are Wrong Sometimes: Warren Buffett Acknowledges Mistakes In IBM Analysis
Wednesday, August 30, 2017 - 12:25pm | 369Billionaire investor Warren Buffett is considered by many to be the best investor of all time, but even he makes mistakes on occasion. One of his more vocal losses as of late is his stake in International Business Machines Corp. (NYSE: IBM), which he started buying in 2011 at an average cost per...