Share to Twitter Share to Linkedin Travis Forman, Portfolio Manager at Strategic Private Wealth Counsel - Harbourfront Wealth Management . Not to alarm you, but there may be a red flag in your portfolio. You might have a sound investment plan and be adequately diversified, but how are you protecting your purchasing power? Do you have inflation-fighting assets in your portfolio? Whether we acknowledge it or not, we are in an era of higher inflation. Just a couple of years ago, inflation was low, and interest rates were at rock bottom. As we know, this has changed significantly since then. While peak inflation of 9.1% in the United States and 8.1% in Canada may no longer be a reality, a swift return to the days of 2% inflation is also unlikely. If you need to hear it from someone other than me, the multinational investment corporation BlackRock agrees. In its 2023 outlook, the firm stated, “we think we are going to be living with inflation … we see … [Read more...] about Know The Red Flag In Your Portfolio
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Watch Blac Chyna Get Violent With A Baby Stroller At Six Flags [VIDEO]
Even on Easter Sunday, former stripper-turned reality TV star Blac Chyna doesn’t stop. Chyna, 29, caused a scene at Six Flags Magic Mountain in the Los Angeles area on Sunday, and judging by the videos, it’s one of her best exhibitions yet. It’s not immediately clear what set Chyna off on Sunday evening and it probably doesn’t matter. This isn’t her first brawl and it definitely won’t be her last. She yells a few unintelligible threats across the park before ripping her jacket off and lunging for her pink baby stroller. Luckily, her security guard stepped in and prevented her from doing any real damage but the footage is incredible. I’m at 6 flags and I see Blac Chyna and her crew trying to fight pic.twitter.com/iuEdiYKl95 — Angie (@AliciaaAngiee) April 2, 2018 And while an aid tries to repair the stroller, Chyna lunges for it again. This time from another angle. pic.twitter.com/maoWbBK63B — Angie (@AliciaaAngiee) April 2, 2018 In a world of … [Read more...] about Watch Blac Chyna Get Violent With A Baby Stroller At Six Flags [VIDEO]
Is ChatGPT A Silver Bullet For Cybercriminals?
Share to Twitter Share to Linkedin Senior Vice President for Proofpoint, overseeing global cybersecurity strategy. By now, you've heard of ChatGPT—or more likely, you've heard that it's coming to take your job whether you're a programmer, journalist, musician or almost anything else. The OpenAI chatbot has been accessible to all for mere months, yet it has already amassed millions of users , impressing with its ability to write everything from code to essays and lyrics. You may have also heard that ChatGPT is about to set a fire under an already bubbling-hot cyber threat landscape, helping scammers write engaging, convincing and grammatically correct phishing emails or perfect malware code in seconds. While ChatGPT is certainly impressive, do we really need to worry about it upping the ante on already menacing threats? In short, the answer is no—but there's little to celebrate about that. ChatGPT's AI Adds Little—For Now ChatGPT … [Read more...] about Is ChatGPT A Silver Bullet For Cybercriminals?
U.S. Regulator Says That Binance Illegally Helped Americans Trade On Its Exchange
Share to Twitter Share to Linkedin The Commodity Futures Trading Commission (CFTC) today issued a complaint against Binance, the largest crypto exchange in the world, alleging that the firm put profits over compliance and committed “numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.” Also mentioned were Changpeng Zhao, the Binance founder and CEO, and former Chief Compliance Officer Samuel Lim, who is cited widely throughout the complaint and allegedly orchestrated much of the malfeasance. Today’s filing is the latest in a series of questionable behaviors by the company. However, while the CFTC is seeking disgorgement of profits, civil monetary penalties, registration bans and a permanent injunction against violations of the CEA and CFTC regulations, the long-term impact of this filing is unclear. Specifically the document, filed today in the federal courthouse in Chicago, alleges that the company offered crypto derivatives, … [Read more...] about U.S. Regulator Says That Binance Illegally Helped Americans Trade On Its Exchange
Global IPO Fundraising Slows, Weighed Down by Banking Sector Turmoil
The turmoil in the U.S. banking sector has had a negative impact on the market for initial public offerings (IPOs) . IPOs raised just $19.7 billion this year, down 70% from a year ago, according to Bloomberg data. That is the lowest level since 2019. Of that, just $3.2 billion has been raised through IPOs in the U.S. Shareholders and companies were quick to sell stock early in the year to take advantage of the stock market rally. However, that rally largely fizzled as the Federal Reserve continued to ramp up interest rates to cool inflation. The problems in the banking sector following the collapse of Silicon Valley Bank have also had an impact on companies' IPO plans. Secondary offerings have been the sole bright spot, raising $76 billion this year, a 48% increase from a year ago. Companies like electric vehicle maker Rivian have also turned to convertible bonds to raise money more cheaply. Some $6.4 billion in convertible bonds have been issued globally so far this … [Read more...] about Global IPO Fundraising Slows, Weighed Down by Banking Sector Turmoil
Grand Jury Investigating Trump Expected To Reconvene
The New York grand jury investigating whether former President Donald Trump should be indicted for allegedly making an illegal hush money payment to pornographic actress Stormy Daniels is reportedly expected to reconvene Monday. The grand jury last met Tuesday — the day Trump claimed he would be arrested — and did not deliberate the case on Wednesday and Thursday as expected. The 23 jurors will likely reconvene Monday, The Wall Street Journal reported, citing anonymous sources familiar with the matter. A majority vote from the jury is required for Trump to be indicted. The potential charges stem from Trump’s lawyer Michael Cohen paying Daniels $130,000 before the 2016 election to keep her from speaking about an alleged affair with Trump. In 2018, Cohen pleaded guilty to violating federal campaign finance laws when making the payment. WACO, TEXAS – MARCH 25: Former U.S. President Donald Trump speaks during a rally at the Waco Regional Airport on March 25, 2023 in Waco, … [Read more...] about Grand Jury Investigating Trump Expected To Reconvene
MicroStrategy’s $150 Million Of Bitcoin Purchases Catch Rally, Jump 18%
Share to Twitter Share to Linkedin MicroStrategy added $150 million worth of bitcoin to its stash at an average price per coin of $23,238 in February and March, generating an 18% gain over the past few weeks. The Tysons Corner, Virginia-based company sold equity to pay for the crypto and also to extinguish debt to Silvergate Bank. The business-software maker and bitcoin investor also freed up 34,619 bitcoins (BTC) of collateral used to back a $161 million term loan, according to a filing with the U.S. Securities and Exchange Commission, by repaying Silvergate, the crypto-focused bank based in La Jolla, California that is winding up its business after a run on deposits. The floating-rate loan was scheduled to mature in March 2025 and bore interest at a rate of 8.27% a year as of Friday, when the payoff was executed. The most recent purchases of 6,455 bitcoins brought MicroStrategy’s holdings to about 138,955 BTC, worth $4.14 billion and acquired at an … [Read more...] about MicroStrategy’s $150 Million Of Bitcoin Purchases Catch Rally, Jump 18%
Bitcoin ‘Maximalist’ Saylor Makes Crypto His Only Job
Share to Twitter Share to Linkedin Michael Saylor’s new job looks a lot like his old job: adding bitcoin to the balance sheet of his business-software company with religious fervor. “I'm a bitcoin maximalist, I happen to believe that bitcoin is an instrument of economic empowerment, it'll be beneficial to eight billion people,” Saylor told Forbes in an interview. “I also happen to believe that bitcoin is unique,” he continues, because of “the Immaculate Conception, decentralization, and its commodity status. All of these things make it the superior asset in the space.” The Immaculate Conception he means is the founding of bitcoin, as explained in a 2008 white paper by one or more people using the name Satoshi Nakamoto. Saylor stated that bitcoin is the only crypto asset which is truly decentralized and without an issuer. He backs bitcoin as a corporate investment in part because he believes there is regulatory agreement among U.S. regulators that bitcoin … [Read more...] about Bitcoin ‘Maximalist’ Saylor Makes Crypto His Only Job
What Is Chelsea’s Plan For Mykhailo Mudryk And Is He Doing Enough To Impress?
Share to Twitter Share to Linkedin An image circulated around social media after England’s 2-0 win over Ukraine that depicted Bukayo Saka skipping away from Mykhailo Mudryk, pained expression, sat on the ground. Arsenal fans took delight in the sight of their winger prompting such a moment of reflection from a player who could have joined them in January. Mudryk was Arsenal’s top target for months before Chelsea swooped in. Now at Stamford Bridge instead, the 22-year-old has struggled to find his feet for his new club, going six Premier PINC League matches without finding the back of the net. Substituted after 60 minutes against England, Mudryk looked low on confidence. Potter has settled on a front three of Joao Felix, Kai Havertz and one other with Christian Pulisic possibly ahead of Mudryk in the pecking order as things currently stand. This raises the question - what is Chelsea’s plan for the Ukrainian winger? How will Mudryk fit into Potter’s … [Read more...] about What Is Chelsea’s Plan For Mykhailo Mudryk And Is He Doing Enough To Impress?
Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer
Share to Twitter Share to Linkedin Widely circulated reports that the U.S. Securities and Exchange Commission (SEC) is investigating $20 billion crypto exchange Coinbase are just the tip of the iceberg, according to a staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office. The staffer says every U.S. crypto exchange—and the largest crypto exchange in the world, Binance—are in various stages of being investigated. There are more than 40 U.S. cryptocurrency exchanges, according to crypto data site, CoinGecko. The SEC has not responded to multiple requests for comment. Coming in the wake of a number of SEC actions asserting the regulator’s domain over the crypto industry, and an equally strong response by the U.S Commodity Futures Trading Commission (CFTC) pushing back against what it characterizes as “regulation through enforcement,” the staffer says the SEC urgently wants to resolve its dispute with the CFTC over crypto jurisdiction. If the matter isn’t … [Read more...] about Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer