Venita Fair
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Venita Fair
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Venita Fair
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Reported by the AFR, the AUD to USD conversion has fallen by 5.4% since the beginning of this year.
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...
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$PG&E Corp(PCG.US$ Green names are very overvalued like most things. Electricity prices are very high too, in most places. Green energy is inflationary. China and a few others broke some coal production records too. Balance is necessary.
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$Salesforce(CRM.US$ Cannot stand the CEO- paid 27 billion for slack- which contributed 270 million in revenue- ? This last quarter?
I think most customers of CRM would rather do business elsewhere.
I think most customers of CRM would rather do business elsewhere.
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$Microsoft(MSFT.US$ There’s a Long term capital gains tax of 7% for income over $1M starting Jan1, 2022 so he is clearing his plate ahead of time to avoid paying this tax. Expect more executives in WA state to do this in 2021.
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
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$Bitcoin(BTC.CC$ Fidelity Investments is launching a Spot Bitcoin ETF in Canada, as the U.S. based firm is not waiting around for the Securities Exchange Commission to approve a decision in the United States.
Fidelity's ETF is called the $FIDELITY ADVANTAGE BITCOIN ETF UNIT SER L CAD(FBTC.CA$, and it will directly obtain physical Bitcoin. Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument.
Fidelity's move just adds more fuel to the fire as one of America's largest asset managers with over $4T AUM is forced to create a product in Canada to meet their client's demands. At the same time, regulators in its own country still weigh their options on whether or not to approve a Spot Bitcoin ETF.
The new fund will also be actively managed.
Bitcoin price action: -1.4% on Tuesday and +98.1% year-to-date.
Canada is not the only country that has approved a Spot Bitcoin exchange traded fund. Recently Singapore joined the list as it now offers investors exposure to a Spot Bitcoin ETF.
Fidelity's ETF is called the $FIDELITY ADVANTAGE BITCOIN ETF UNIT SER L CAD(FBTC.CA$, and it will directly obtain physical Bitcoin. Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument.
Fidelity's move just adds more fuel to the fire as one of America's largest asset managers with over $4T AUM is forced to create a product in Canada to meet their client's demands. At the same time, regulators in its own country still weigh their options on whether or not to approve a Spot Bitcoin ETF.
The new fund will also be actively managed.
Bitcoin price action: -1.4% on Tuesday and +98.1% year-to-date.
Canada is not the only country that has approved a Spot Bitcoin exchange traded fund. Recently Singapore joined the list as it now offers investors exposure to a Spot Bitcoin ETF.
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