FOMO is back. Since Donald Trump’s election last Tuesday, Bitcoin prices have been soaring, including a furious rally on Monday that saw the leading cryptocurrency flirt with $90,000, a milestone that seemed unthinkable just two years ago amid the collapse of FTX. On Monday, Bitcoin became the eighth-most valuable asset in the world, eclipsing silver. With $100,000 now within reach, professional traders say that a crypto-friendly presidential administration and the inflow of institutional money could mean the rally is just getting started. “The market is realizing just how big of a regime shift is underway,” Quinn Thompson, the founder of…
Author: user
Momentum is starting to roll Cathie Wood’s way. The Ark Invest co-founder, CEO, and chief investment officer is losing to the market for the third time and has had a couple of choppy years since her breakout performance in 2020, but her portfolio is bouncing back now. Not one to coast, Wood is making moves across her aggressive growth exchange-traded funds. Ark Invest added to existing positions in The Trade Desk (NASDAQ: TTD), Pacific Biosciences of California (NASDAQ: PACB), and Guardant Health (NASDAQ: GH) on Thursday. Let’s take a closer look at some of Wood’s latest investments. Start Your Mornings…
Through his examinations of how uncertainty influences asset prices, Nobel laureate Myron Scholes has helped revolutionize our understanding of the financial markets. His development of the Black–Scholes options pricing model with Fischer Black more than half a century ago redefined how investment professionals do their jobs and opened up a new era in the world of finance. Even though he is one of the most influential living economists, Scholes is not resting on his laurels. His explorations of the inner workings of the financial markets continue, with a particular focus on both artificial intelligence (AI) and carbon credits and how…
New UN rules would give local communities more power to object to carbon credit projects. The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets. The agreement reached at the COP29 climate summit was hailed as a breakthrough after nearly a decade of complex negotiations over the rules for trading carbon credits. UN climate chief Simon Stiell said carbon markets would be a “game-changing tool” for poorer countries, but opponents say the use of credits does not change the behavior of…
Insurance company Aviva (LSE: AV) looks like a potential bargain at the moment. The Aviva share price-to-earnings (P/E) ratio is just 9. When I see a blue-chip company that has a P/E ratio in single digits, it can grab my attention. But that is only one valuation metric, so as an investor it is important to take a rounded view of a company’s valuation. Earnings are inconsistent For starters, what is that P/E ratio based on? Last year, Aviva’s basic earnings per share came in at 37.7p. But the prior year, the company recorded negative basic earnings per share of…
The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets. The agreement reached at the COP29 climate summit was hailed as a breakthrough after nearly a decade of complex negotiations over the rules for trading carbon credits. UN climate chief Simon Stiell said carbon markets would be a “game-changing tool” for poorer countries, but opponents say the use of credits does not change the behaviour of big polluters. – Carbon trading – In carbon markets, one credit equals a tonne of…
The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets. Source link
The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets.The agreement reached at the COP29 climate summit was hailed as a breakthrough after nearly a decade of complex negotiations over the rules for trading carbon credits.UN climate chief Simon Stiell said carbon markets would be a “game-changing tool” for poorer countries, but opponents say the use of credits does not change the behaviour of big polluters. – Carbon trading -In carbon markets, one credit equals a tonne of planet-heating carbon dioxide…
Saba Capital Management, L.P., a prominent investment firm, has sold 72,769 shares of Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP), according to a recent SEC filing. The transaction, which took place on November 8, 2024, was executed at a price of $11.84 per share, totaling approximately $861,584. Following this sale, Saba Capital Management holds 5,024,639 shares in the fund. The transaction was signed off by Boaz Weinstein and Zachary Gindes on behalf of Saba Capital Management. InvestingPro Insights While Saba Capital Management has reduced its position in Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP), individual investors might find the fund’s…
Deutsche Bank anticipates more tailwinds ahead for Tesla under the incoming Trump administration. Shares of the electric vehicle behemoth have rallied nearly 37% in November and topped $1 trillion in market value last week for the first time in two years as investors bet that CEO Elon’s Musk close relationship with President-elect Donald Trump will bode well for the company. TSLA YTD mountain Shares this year Musk is already making strides in his alliance with Trump. Deutsche Bank analyst Edison Yu said in a Tuesday report that if Vice President-elect JD Vance were to “take the reins” after Trump, Musk…