Bloomberg To Give Harvard $150 Million For Program For Mayors {Bloomberg To Give Harvard $150 Million For Program For Mayors} – English

Bloomberg To Give Harvard $150 Million For Program For Mayors {Bloomberg To Give Harvard $150 Million For Program For Mayors} – English

The post Bloomberg To Give Harvard $150 Million For Program For Mayors appeared first on Wealth-X.


 

The gift is the latest in a long line Mr. Bloomberg has made to universities over many years and comes as cities are stressed by the coronavirus pandemic and related revenue shortfalls.

 

The gift is an extension of the Bloomberg Harvard City Leadership Initiative, which Mr. Bloomberg launched in 2017 with a $32 million gift. The additional money will go toward hiring 10 professors, building out programs to train mayor at Harvard and facilitating two year fellowships for Harvard graduate students in mayoral offices around the world.

 

Read the full story on The Wall Street Journal here.

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Zoom Sales Signal More Growth And Founder Is $2 Billion Richer {Zoom Sales Signal More Growth And Founder Is $2 Billion Richer} – English

Zoom Sales Signal More Growth And Founder Is $2 Billion Richer {Zoom Sales Signal More Growth And Founder Is $2 Billion Richer} – English

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Eric Yuan, who owns almost one-fifth of the video-conferencing company, is now worth about $22 billion, according to the Bloomberg Billionaires Index.

 

The stock jumped as much as 12 per cent in post-market U.S. trading, as Zoom said revenue could climb 43 per cent in fiscal 2022, more than the 37 per cent analysts tracked by Bloomberg estimated on average.

 

Read the full story on The Star here.

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Japanese And Swiss Central Bank Shares Soar In Exuberant Markets {Japanese And Swiss Central Bank Shares Soar In Exuberant Markets} – English

Japanese And Swiss Central Bank Shares Soar In Exuberant Markets {Japanese And Swiss Central Bank Shares Soar In Exuberant Markets} – English

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Shares in the Bank of Japan (BOJ) hit their upper trading limit for a third session on Wednesday, taking gains over 4 sessions to 71%. Swiss National Bank (SNB) shares rose around 10% in two days.

 

While both central banks have made big gains on their stock and bond holdings this year, the unusual strength of the share rallies suggested retail investors were piling in.

 

Read the full story on Reuters here.

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American Family Insurance Commits $105 Million To Reducing Equity Gaps {American Family Insurance Commits $105 Million To Reducing Equity Gaps} – English

American Family Insurance Commits $105 Million To Reducing Equity Gaps {American Family Insurance Commits $105 Million To Reducing Equity Gaps} – English

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Through the initiative, announced Tuesday, nonprofits and some municipal projects around the country would receive funding through the American Family Insurance Dreams Foundation — a total of $53 million. The rest of the money would be used to invest in startups with focuses on positive social or environmental change through the American Family Insurance Institute for Corporate and Social Impact.

 

Read the full story on the Wisconsin State Journal here.

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Crypto Firm Kraken Seeks Over $10 Billion Valuation {Crypto Firm Kraken Seeks Over $10 Billion Valuation} – English

Crypto Firm Kraken Seeks Over $10 Billion Valuation {Crypto Firm Kraken Seeks Over $10 Billion Valuation} – English

The post Crypto Firm Kraken Seeks Over $10 Billion Valuation appeared first on Wealth-X.


 

The San Francisco-based company, founded by Chief Executive Officer Jesse Powell in 2011, is in discussions with firms including Fidelity, Tribe Capital and General Atlantic, said people familiar with the matter, who requested anonymity because the talks are private. Terms, including lead investors, aren’t final, but Kraken’s valuation could surpass $20 billion depending on demand, one of the people said.

 

Read the full story on Bloomberg here.

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JPMorgan Exits Mexico Private Banking As Wealthy Look Abroad {JPMorgan Exits Mexico Private Banking As Wealthy Look Abroad} – English

JPMorgan Exits Mexico Private Banking As Wealthy Look Abroad {JPMorgan Exits Mexico Private Banking As Wealthy Look Abroad} – English

The post JPMorgan Exits Mexico Private Banking As Wealthy Look Abroad appeared first on Wealth-X.


 

The biggest U.S. bank signed an agreement to refer local business to BBVA Mexico, the local unit of Banco Bilbao Vizcaya Argentaria SA, said one of the people. Still, the New York-based firm will continue to serve clients from Mexico through its platform outside of the country, one of the people said.

 

Read the full story on Bloomberg here.

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Battery Metals Shortage Threatens EV Boom {Battery Metals Shortage Threatens EV Boom} – English

Battery Metals Shortage Threatens EV Boom {Battery Metals Shortage Threatens EV Boom} – English

The post Battery Metals Shortage Threatens EV Boom appeared first on Wealth-X.


 

With automakers pouring billions into EV development, governments championing lofty climate goals, and more drivers looking to go electric, Sherritt is pinning its future on its open-pit Moa mine in Cuba. The joint-venture, half-owned by the Cuban government, sends mixed sulphides to Sherritt’s facility in Alberta to be refined into finished nickel and cobalt products.

 

Read the full story on Yahoo! Finance here.

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Asian Markets Extend Gains As Sentiment Improves On Outlook {Asian Markets Extend Gains As Sentiment Improves On Outlook} – English

Asian Markets Extend Gains As Sentiment Improves On Outlook {Asian Markets Extend Gains As Sentiment Improves On Outlook} – English

The post Asian Markets Extend Gains As Sentiment Improves On Outlook appeared first on Wealth-X.


 

MSCI’s gauge of Asia Pacific stocks outside Japan was up 1.25% mid-morning, building on Monday’s rise. Hong Kong’s Hang Seng Index and China’s benchmark CSI300 Index opened 1.7% and 0.33% higher, respectively. Japan’s Nikkei 225 gained 0.67%.

 

Markets were buoyant ahead of negotiations Tuesday between U.S. President Joe Biden and Republican senators on a new COVID support bill. The GOP’s $618bn stimulus plan released early Monday was about a third the size of the President’s proposal. Top Democrats later on Monday filed a joint $1.9 trillion budget measure in a step toward bypassing Republicans.

 

Read the full story on Reuters here.

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NBA Plans For Private Equity Investment In Teams {NBA Plans For Private Equity Investment In Teams} – English

NBA Plans For Private Equity Investment In Teams {NBA Plans For Private Equity Investment In Teams} – English

The post NBA Plans For Private Equity Investment In Teams appeared first on Wealth-X.


 

With valuations in clubs rising to astronomical levels, the NBA joined the private equity chase when owners approved a plan to allow investment firms to own stakes in teams. NBA executive J.B. Lockhart is one the individuals who oversees this strategy and the league picked Dyal Capital as its partner.

 

Read the full story on CNBC here.

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