Booming MicroStrategy ETFs Are Straining Limits at Prime Brokers
(Bloomberg) — Amid a red-hot run in the shares of MicroStrategy Inc. last month, Matt Tuttle got some bad news from the prime brokers for his booming leveraged ETF linked to the shares of the crypto-centric company.
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The prime brokers — units within banks that work with their clients on activities like securities lending — had reached their limits on how much swap exposure they were willing to offer for his roughly month-old fund,
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Read MoreStock market today: Wall Street gains ground as it heads for a winning week
NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track for its fifth gain in a row.
The S&P 500 was up 0.4% and is solidly on track for a weekly gain that will erase most of last week’s loss.
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Read MorePetrobras to distribute up to $55bn in dividends by 2029
Brazilian state-controlled oil company Petrobras has unveiled a plan to distribute up to $55bn in dividends up to 2029 as part of its five-year business strategy, aiming to maintain its commitment to returning cash to investors, as reported by Bloomberg.
The company stated in a recent securities filing that it may also disburse up to $10bn in extraordinary dividends during this period.
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Read MoreUS Consumer Sentiment Rises Less Than Forecast After Election
(Bloomberg) — US consumer sentiment rose in November by less than previously reported, reflecting deep divisions among Republicans and Democrats about the path for the economy after Donald Trump’s presidential election win.
The University of Michigan’s final November index edged up 1.3 points from a month earlier to 71.8, data showed Friday.
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Read MoreWarren Buffett Is Selling His Apple Stocks for Cash — Should You Do the Same?
Warren Buffett has been on a selling spree and recently trimmed his two biggest holdings: Apple and Bank of America.
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Read MoreThe Burst
Why This Buffett Stock Is a Forever Buy
Among Warren Buffett’s favorite investments is Coca-Cola, a Dividend King that has raised its dividend annually for a remarkable 62 consecutive years. This track record puts Coca-Cola in the elite club of dividend-paying stocks that have increased their dividends annually for at least 50 years.
Such consistent dividend hikes not only help investors to combat inflation but also substantially compound their returns.
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Read MoreThe Ivy
65% of Bill Gates Portfolio Is In 3 Stocks
Diversify is the name of the game. Spread your eggs across a lot of baskets. That’s what the professionals say, but why then do the rich do the exact opposite so often?
Take Bill Gates, for example, he’s got 65% of his portfolio allocated to just 3 stocks. Billions upon billions of dollars are invested in less than a handful of stocks and one of them in particular is likely to really surprise you.
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Read MoreThe Spotlight
Spotlight: The Next Bloomberg Terminal?
Did you know that every 24 hours, Planet Labs captures imagery of every corner of the Earth? This trove of data is so extensive that it helped track a rogue Chinese spy balloon all the way back to its point of origin.
Similar to a search engine, Planet Labs aims to organize massive amounts of Earth-related data.
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