Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. Peloton stock is down more than ...
Tag: Wealth
The top spots to shop for the winter vacation home of your dreams
A home in Breckenridge, Colorado. Michael Robinson | Corbis Documentary | Getty Images Ever since the Covid pandemic began almost two years ago, weary Americans hankering for a fun, but still safe, ge...
China’s $1 Trillion Wealth Fund Loses Quant Trading Team Leader
(Bloomberg) — The team leader for quantitative stocks trading at China’s $1.2 trillion sovereign wealth fund has resigned, joining a growing list of departures among the firm’s investing profess...
Oxfam on Covid inequality, tax rich to pay for vaccines, protect climate
A pedestrian wearing a face mask delivers food to a homeless person sleeping in the entrance of a shop, closed due to coronavirus restrictions, in central London on December 23, 2020. Tolga Akmen | AF...
Robo-advisors are gaining popularity. Can they replace a human advisor?
Robots want to be your next financial advisor. Not too long ago, that notion may have smacked of sci-fi whimsy — “Star Wars” cyborg C-3PO in a power suit on Wall Street, perhaps. But robot...
Gemini Exchange Eyes Wealth Management With Latest Acquisition
The Winklevoss twins-owned Gemini crypto exchange is getting into wealth management services, as evidenced by its latest big acquisition. On Jan. 13, Gemini announced a deal to purchase financial mana...
Gemini Enters Wealth Management After Acquiring BITRIA
Gemini, a $7.1 billion cryptocurrency exchange, announced Thursday that it has acquired five-year-old San Francisco-based digital asset portfolio management firm BITRIA to provide a digital asset ecos...
Crypto exchange Gemini pushes into wealth management with acquisition of BITRIA
David Abner, Gemini’s Global Head of Business Development. Source: David Abner Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset...
Gemini acquires BITRIA to push crypto into the wealth management industry
Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The ...
Manhattan rents were the highest ever for December
Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments p...
Crypto Wealth & Hybrid Working Drive Luxury Property Purchases
Cryptocurrency purchases of property gained traction in 2021, despite inconvenient taxation rules and the inability of sellers to accept crypto directly. A 2022 Sotheby’s report found cryptocurrency m...
How Digital Assets Have Revolutionized the Way We Build Generational Wealth
Ten years ago if you asked someone what their plans were for building wealth, their answer would have likely been investing long-term in real estate, the S&P 500, bonds, private equity, or hedge f...
Billionaire Investor Bill Miller Now Has 50% of His Personal Wealth in Bitcoin
Market-beating fund manager and billionaire Bill Miller is so bullish on bitcoin that it and investments tied closely to the crypto now represent 50% of his personal assets, he revealed in a video int...
Binance CZ’s wealth places him on par with Zuckerberg, reportedly worth $96 billion
One of the most famous names in the crypto space is undoubtedly that of the founder and CEO of Binance, Changpeng Zhao, who, according to a recent Bloomberg report, is the richest person in the indust...
Binance CEO Catching Up with Tech Titans in Wealth
Binance chief executive Changpeng Zhao is rapidly catching up with the tech billionaires in terms of net wealth according to Bloomberg. The enigmatic Binance boss is worth an estimated $96 billion acc...
Here’s What’s Keeping $108.4 Billion Wealth Managers from Investing in Bitcoin: Bloomberg
Yuri Molchan A recently conducted survey shows what is making financial institutions hesitant about investing in Bitcoin and other crypto Bloomberg has shared the results of a survey conducted recentl...
Security Risks Holding Back Insitutions and Wealth Managers from Investing in Crypto: Report
The cryptocurrency industry saw a tremendous surge in terms of institutional adoption in 2021. Experts suggest that this trend is likely to continue this year as well. But whether it’s a tidal wave or...
Powerball’s jackpot is now $630 million. What to do first if you win
Warren-Pender | iStock Editorial | Getty Images Yes, you have another chance to win a ton of money in Powerball. No, you probably won’t win. The jackpot jumped to $630 million from $610 million ...
Manhattan real estate reaches record-breaking $30 billion in sales
Manhattan real estate posted its best year ever in 2021, rebounding from the pandemic with $30 billion in sales, according to real estate reports. The 16,000-plus signed contracts were also a record, ...
Powerball’s jackpot surges to $540 million but isn’t among 10 largest
Justin Sullivan | Getty Images The Powerball jackpot just won’t quit. Through 38 drawings over three months, no ticket has managed to match all six numbers drawn. For Monday night’s drawin...
Japan dominates world’s most expensive Michelin-starred restaurants
While Michelin-starred meals can cost just $1.50 per plate, most restaurants that have earned the prestigious award charge much more. Many cost $300-$400 for one meal, but some command even higher rat...