New York Post

Billionaire Bill Ackman said on Tuesday that his new portfolio will raise roughly $2 billion in capital — a fraction of the $25 billion the hedge fun manager had initially floated.

Pershing Square USA, Ackman’s first new investment vehicle in a decade, expects to sell up to 40 million shares priced at $50 each. 

It will begin trading on the New York Stock Exchange under the symbol PSUS next Tuesday, a person familiar with the matter said on Tuesday.



The new venture, which was originally slated to launch this week, will be a closed-end fund, meaning shareholders can only pull back if someone else buys their...

Bill Ackman’s Pershing Square fund now raising $2B for IPO — well below $25B target

Digital currency-backed exchange-traded funds will likely make their way into “model portfolios” toward the end of 2024, according to BlackRock’s chief investment officer for exchange-traded funds (ETFs). In a Bloomberg interview on July 29, BlackRock’s investment chief for ETF and Index Investments, Samara Cohen, was asked about...

Crypto ETFs to hit ‘model portfolios’ toward year end — BlackRock

Ripple is set to advance fintech innovation in Brazil. San Francisco-based blockchain company Ripple recently announced a new tie-up with Fenasbac in order to promote fintech opportunities in Brazil with the help of the Next accelerator program. Notably, Ripple picked Brazil as its first company for targeted investment. The company...

Ripple Betting Big on Brazil

Asset management giant Franklin Templeton is partnering with SBI Holdings to establish a new cryptocurrency exchange-traded fund (ETF) management company in another major development for crypto ETFs. The two firms officially signed a Memorandum of Understanding (MoU) for the joint venture on July 26, according to an announcement shared with...

Japan crypto ETFs boosted by Franklin Templeton and SBI Holdings partnership

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Total Apex Sports & Entertainment

Do your loved ones consult you regularly when they face a crisis? Intelligence is a branch of psychology that lacks a standard definition. Some scientists claim that it is a single ability and others state it comprises aptitudes and skills. Intelligent zodiac signs learn from their experiences and easily recognize and solve problems.

5 Most Intelligent Zodiac Signs

Port Richey, FL

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Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

Despite memecoins’ continued dominance in investment appeal, BONK and PEPE have taken a back seat. As a result, PEPE traders have begun to look to Ethereum tokens in DeFi for maximum gains. In their search, they have identified RCO Finance for a potential 300x rally. Can RCOF live up...

PEPE Traders Jump to this $0.0127 Ethereum Token with 300x Potential to Rise Higher than BONK’s 2024 Rally

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Nashville, TN

NASHVILLE, Tennessee — Former President Donald Trump is headed to Tennessee this weekend to deliver a keynote address at a major bitcoin conference. It's looking like he'll be in front of a favorable crowd. Trump, the Republican nominee for president, has raised more than $4 million from a mix...

Trump raises more than $4 million in bitcoin, other digital coins as crypto support pays off

Newark, NJ

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Paterson, NJ

Morristown Minute

NEWARK, N.J. – Jasmine McGregor, 32, and Jhenelle Lewis, 35, both of Paterson, New Jersey, have pleaded guilty to conspiring with a physician to distribute oxycodone, a powerful opioid, without legitimate medical justification. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Paterson Residents Conspired with Physician to Illegally Distribute Opioids

New York-based financial giant BlackRock has warned about cryptocurrency scams. Financial behemoth BlackRock has issued a warning about cryptocurrency-related scams on its social media account. "We urge caution in dealing with individuals, websites or social media platforms using our brand and offering training or investments," BlackRock said. BlackRock has stressed...

BlackRock Issues Major Crypto Warning

The Motley Fool

The introduction of spot crypto ETFs provides a new and easy avenue for investors to gain exposure to digital currencies.

The Rise of Crypto ETFs: How to Invest in Digital Currency Without Buying Coins

SmartAsset

Creating a diversified retirement portfolio can spread your investments across different asset classes with the goal of reducing risk and enhancing returns. A mix of stocks, bonds, real estate and other assets could allow you to better withstand market fluctuations and stabilize your  financial future. Here's what you need to know. A financial advisor can […] The post How to Diversify Your Retirement Investment Portfolio appeared first on SmartReads by SmartAsset.

How to Diversify Your Retirement Investment Portfolio

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Long-time crypto bull Anthony Pompliano is predicting that altcoins are coming to Wall Street after the success of the Ethereum (ETH) exchange-traded fund (ETF). In a new interview on CNBC Squawk Box, the Professional Capital Management CEO says that the approval of the ETH ETF by the U.S. Securities and Exchange Commission (SEC) will open the floodgates for more crypto investment vehicles.

‘All of the Altcoins Are Going To Come to Wall Street’ After Successful Ethereum ETF Launch: Anthony Pompliano

Reuters

WASHINGTON (Reuters) -A U.S. bank regulator is considering a stricter framework for how large asset managers like Blackrock and Vanguard can prove they are not influencing banks where they hold large stakes.

US bank regulator looks to tighten control of asset managers' bank stakes

In a strategic move reflecting the growing convergence of traditional finance and digital assets, Cantor Fitzgerald, a leading global financial services firm, has unveiled plans to launch a Bitcoin financing business. Cantor Fitzgerald is a prominent financial services firm established in 1945 by Bernard Gerald Cantor. With more than 12,000...

Cantor Fitzgerald Announces $2 Billion Bitcoin Financing Initiative

New York City, NY

Over the 121-year old facade of the New York Stock Exchange, a freshly printed Ethereum ETF banner hung like a hoisted pirate flag. Tourists stopped, stared, and pointed. The younger ones explained what Ethereum was to their families, and guessed about the ETF part. The imagery was powerful and undeniable:...

Wall Street Loves Ethereum ETFs. It’s Just Not Sure How to Sell Them Yet

Bucks County Beacon

“[I]nvoking the favor and guidance of Almighty God,” the Constitution of the Confederate States of America composed by southern slaveholders in 1861 sought to “establish justice, insure domestic tranquility, and secure the blessings of liberty to ourselves and our posterity.” The authors of Project 2025, the latest playbook for restructuring the federal government in order to accomplish the policy goals of Christian Nationalists, similarly declare their manifesto will “decide America’s future” by securing their “God-given individual rights to live freely” and exercise dominion over others.

Legislating Inequality: The Christian Confederate Roots of Project 2025

BlackRock, the New York-based asset management goliath, noticed an uptick in crypto scammers targeting its iShares spot Bitcoin and Ether exchange-traded funds (ETF) investor base and issued an alert against social media impersonators. On July 29, BlackRock urged investors to avoid all social media interactions with individuals or businesses posing...

BlackRock imposters target crypto ETF investors

NewsBreak

BlackRock Exec: Crypto ETFs Coming to Model Portfolios

ETF executive Cohen tells Bloomberg that interest in crypto assets would be \"the story of this year and next.\" Bitcoin and Ethereum exchange traded funds will...

ETF executive Cohen tells Bloomberg that interest in crypto assets would be "the story of this year and next." Bitcoin and Ethereum exchange traded funds will...

BlackRock Exec: Crypto ETFs Coming to Model Portfolios

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