Author: prosperplanetpulse.com
Investment Summit Theme: Equity and Collaboration Leaders from local government, economic development, higher education and investment institutions spent much of the Baltimore Regional Investment Summit praising collaboration and promoting equitable growth. Five days after the summit, we learned that Baltimore would not receive its Phase 2 EDA Tech Hub funding, and the same themes were common in reactions to the news. Still, the gathering, organized by the Greater Baltimore Committee, which leads the Tech Hub Consortium, made an impression on attendees like Pixilated co-founder Patrick Reif. “One thing is certain: we need stakeholders and leadership from all sectors to realize…
AllianceDAO’s accelerator program, which receives around 3,000 applications each year, has revealed some interesting developments in the crypto startup world in the first six months of 2024. This large sample size provides exclusive information on industry trends, especially regarding popular blockchains, product focus, geographic distribution, and founder profiles. Below are five key trends impacting the crypto startup landscape. 1. Dominant Chains and Layer 1 Ecosystem Ethereum continues to be the top ecosystem for new cryptocurrency startups, with Solana showing signs of a strong comeback after hitting major roadblocks following the collapse of FTX in late 2022. L1 Breakdown over Time…
Conventional wisdom says that as you save for retirement, you should gradually increase your investment in bonds.Bonds are supposed to be safe, predictable and boring — the perfect antidote to fickle stocks.But bonds have been far from safe lately: Between August 2020 and October 2022, the Bloomberg Bond Index plunged 18%. Even now, the index remains about 10% below its 2020 high.The bond market crash has some investors wondering whether it’s time to rewrite the rules of retirement savings.”It’s been a really tough decade,” says Ashley Folkes, a certified financial planner in Birmingham, Alabama.Protect your assets: Best high-yield savings accounts…
Clifford Chance, Maples Group, Hiwen & Partners, King & Wood Mallesons and Paul Hastings, Commerce & Finance LLP advised Chan Chi Technology on its HK$1.05 billion (US$134 million) IPO in Hong Kong. Chenqi Technology, a ride-hailing platform under GAC Group, has appointed Clifford Chance as its legal counsel in Hong Kong and the US, and Maples Group as its legal counsel in the Cayman Islands. A team from Haiwen & Partners, including partners Huo Chao, Marco Li and Kuang Peizhu, advised the issuer on China legal matters. KWM tackled the China data compliance issue with a team led by partners…
Fed Chairman Jerome Powell reiterated his focus on the cooling job market, another sign to market participants that the central bank is inching closer to cutting interest rates.”For a long time, I think we’ve had to be very focused on the inflation mandate,” Powell told House lawmakers on Wednesday, referring to the central bank’s mission of balancing price stability with maximum employment.”But right now, I think the labour market is pretty much reaching the balance that it needs, so we’re looking at both sides.”The Fed has kept interest rates at their highest level in 23 years for nearly a year…
President Bola Ahmed Tinubu’s approval of the creation of a new Ministry of Livestock Development has sparked reactions on social media. The President made the announcement on Tuesday at the State House, Abuja, when he inaugurated the Renewed Hope Livestock Reform Implementation Committee and assumed his position as Chairman. He said the measure was aimed at stopping frequent clashes between herders and farmers which have led to destruction of lives and property across the country.A motion of urgent national importance has been tabled by 88 Members of the House of Representatives calling on the Federal Government to suspend the implementation…
FX Markets recognized BNP Paribas’s ability to steer the markets in its annual report. FX Market eFX Awards 2024The company was entrusted with the bank’s corporate FX trading, as well as futures and swap trading operations. The fast-paced world of foreign exchange trading requires market participants to stay ahead of the curve. The FX market is in a constant state of change as digital transformation and macroeconomic factors constantly shift the market environment. Best Liquidity Provider for Corporates Top Liquidity Provider for Forwards and Swaps “We are honored to be recognized for our FX capabilities,” commented Francisco Oliveira, co-head of…
For venture capital (VC) firms, high interest rates usually mean trouble. But with promising sectors like AI and cybersecurity, and a smart valuation strategy for potential investments, VC firms can still find plenty of opportunities. It’s a formula Geneva-based Forestay Capital has been using to good effect recently, as the firm announced on Monday (July 8) that it had closed its second fund on $220 million. Forestay II will focus on investments in the enterprise AI and software-as-a-service (SaaS) sectors, targeting early-stage growth companies with lead investments typically in the $10 million to $15 million range. With the success of…
Madison InvestmentsCovered call exchange-traded closed-end funds are expected to see accelerated growthMADISON, Wis., July 11, 2024 (GLOBE NEWSWIRE) — Madison Investments, a privately held, independent investment management firm known for its expertise in actively managed, high quality portfolios, today announced a strategic alliance with XA Investments (XAI), an alternative investment management and consulting firm. The agreement provides that XAI will serve as investment advisor to Madison Covered Call and Equity Strategy Fund (NYSE: MCN), a publicly traded, $147 million closed-end fund. Madison Investments will retain portfolio management responsibilities as a sub-adviser to MCN.Partnering with XAI will enable Madison Investments to…
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