Franklin Templeton Eyes ETFs for Tokenized Money Market Fund
TLDR
- Franklin Templeton received SEC staff relief to let eligible funds invest in its blockchain-based OnChain U.S. Government Money Fund.
- The tokenized fund could support cash management and securities lending collateral within traditional investment portfolios.
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Read MoreBitcoin ETFs Heat Up After Three Days of Heavy Buying
TLDR
- Bitcoin ETFs attracted more than $1 billion in fresh inflows over three days.
- Bitcoin climbed to $72,659 on Thursday, gaining about 10% in 24 hours.
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Read MoreRetirees Could See Social Security Benefits Drop by $500 a Month
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Key Takeaways
- The Social Security Administration projects that payroll taxes will only be able to fund 78% of Social Security benefits by 2032.
- That could mean cuts to retirees’ monthly payments.
- A new analysis predicts which states could see the steepest drop.
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Read MoreMedian Stock Portfolio Hits Record $350,000 — Household Share of Nation Debt Grows to $296,500
Headline Figure
The median value of U.S. consumers’ stock market investments has climbed to a record $350,000, according to Bloomberg data covering single stocks, mutual funds, and retirement accounts including 401(k)s and IRAs. That figure has more than doubled over the past two years, and since January alone, the median has jumped by $150,000,
Read MoreTrump floats renaming Lake Ontario as ‘Lake America’ as trade war with Canada escalates
WASHINGTON (AP) — President Donald Trump said Tuesday that he is considering changing the name of Lake Ontario to “Lake America” as the trade war between the United States and Canada intensifies.
Such a change would be reminiscent of the Republican president’s unilateral action last year by executive order to rename the Gulf of Mexico to the Gulf of America.
Read MoreThe Burst
1 Stunning Stock Set To Join Magnificent 7
While Microsoft, Alphabet and Amazon garner the headlines, Oracle Corporation (NYSE: ORCL) has quietly become one of the fastest-growing cloud infrastructure companies. Its cloud business grew by 47% year-over-year in the latest quarter and that rate of growth puts it firmly on the radar of investors looking for the next stock to join the Magnificent 7 grouping.
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Read MoreThe Ivy
Billionaire Bets on Fast Growth Unit In Boring Stock
If you only look at consumer trends within the United States, it might seem odd that Philip Morris’s stock has done so well. Aren’t people giving up cigarettes?
For the most part, they are, but the company has planned for the effects of smoking cessation programs. The share price speaks to Philip Morris’s success.
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Read MoreThe Spotlight
Former Richest Man In World Bets $9.4 Billion On 1 Stock
Bill Gates is a household name in the software and technology industry. He co-founded Microsoft (MSFT) with Paul Allen in 1975, and the company now boasts a market cap of almost $2 trillion. While Microsoft offers hardware and services, it is best known for its software products, including the ubiquitous Microsoft Windows operating system (OS).
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