Bitcoin and other cryptocurrencies wavered Friday as volatile trading continued in the aftermath of the Securities and Exchange Commission’s approval of the first spot Bitcoin exchange-traded funds. The price of Bitcoin has shed 1% over the past 24 hours to $45,950, having notched gains in this period as high as near $48,600—around its best levels
Goodbye shock therapy. Hello, chain saw austerity. That’s the label Argentine President Javier Milei’s detractors have devised for his dynamic first month in power. Investors are pleased, so far. “The probability of success for Milei is larger than of failure,” says Alejo Czerwonko, chief investment officer for emerging markets Americas at UBS Global Wealth Management.
Published: Jan. 11, 2024 at 11:25 a.m. ET By Robb M. Stewart Solaris Resources’ shares jumped after the Canadian exploration company moved to secure a 130 million Canadian dollar (US$97.1 million) investment that would help fund development of its flagship Warintza project in southeastern Ecuador. In morning trading, the shares were 5.3% higher, at C$4.21,
Published: Jan. 11, 2024 at 7:04 a.m. ET By Robb M. Stewart Solaris Resources has lined up a 130 million Canadian dollar ($97.1 million) investment from China’s Zijin Mining that will help fund development of the Canadian exploration company’s flagship Warintza project in southeastern Ecuador. Solaris said Thursday the gold-focused mining giant will invest through
Cryptocurrencies saw volatile trading Wednesday as traders awaited a decision from the Securities and Exchange Commission on whether to approve spot Bitcoin exchange-traded funds. Digital assets have been buoyed for months by ETF approval hopes, with anticipation reaching fever pitch after the agency’s social media account was breached on Tuesday and falsely posted that the
Jan. 10, 2024 at 9:24 a.m. ET By Ben Glickman Nauticus Robotics named new a interim chief executive officer and interim finance chief after receiving an investment from existing investors. The Houston-based undersea autonomous robotics company said President John Gibson Jr. was promoted to interim CEO Jan. 4. He has served as president since October
The chief executive of M&G’s asset management business has urged dialogue between global watchdogs to ensure a consistent regulatory framework for fund tokenisation, after the UK government last year backed an industry-led blueprint on how funds can adopt blockchain technology. In November, the technology working group of HM Treasury’s Asset Management Taskforce — chaired by
Optimism over artificial intelligence powered the stock market in 2023. It also helped some sustainable funds turn in a surprisingly strong performance. Based on data from Morningstar Direct, the top five sustainable U.S. equity mutual funds in Barron’s annual survey outperformed the S&P 500 index, returning an average 35% against a gain of 26%, including
Investing in nature to address climate change, support biodiversity, and protect ocean health—and more—is expected to reach record levels this year in response to more regulation and market demand, according to Cambridge Associates, a global investment firm. Still, the amount of private capital invested to support natural systems will fall far short of what’s needed,
Do well by doing good? Don’t count on it. Funds that invest using environmental, social, and governance, or ESG, criteria underperformed for a second consecutive year. According to data from Morningstar Direct, sustainable U.S. equity funds were up an average 21.6%, including dividends, through Dec. 31, trailing the S&P 500 total returns index by about