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Boutique boss rallies against 'zealot' Cathie Wood over bitcoin citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Tesla and bitcoin once again dominated news headlines last week, as CEO Elon Musk announced his firm would no longer accept bitcoin as payment on. ....
Hedge Fund and Insider Trading News: Bill Ackman, Ray Dalio, Perceptive Advisors, Westbeck Capital, Tiger Global Management, SEI Investments Company (SEIC), and More Energy-focused hedge fund Westbeck Capital has bagged its sixth consecutive monthly gain, as it “aggressively” tapped into buying opportunities during last month’s steep oil correction. The Westbeck Energy Opportunity Fund – Westbeck’s flagship long/short directional hedge fund strategy which trades across equities, futures and options – scored a 3.9 per cent gain in April, and has already started May positively, the firm said on Wednesday. Bill Ackman has taken a stake in another big-name consumer company: Domino’s Pizza Inc. Ackman’s ....
Volkswagen s ID.3 model is challenging the Tesla Model 3 Credit: Hardy Mutschler/Volkswagen AG Tesla hogs the limelight when it comes to electric vehicles but traditional car companies are fast catching up and their shares are far cheaper – which could make them better investments. Electric vehicles (EVs) account for only around 4pc of cars on British and American roads, according to the consultancy McKinsey, but that is about to change. The sale of new petrol and diesel cars and vans will be banned in Britain from 2030 and drivers who want electric alternatives will not be short of options. By the end of next year 450 new models will have been launched globally in just 24 months, according to McKinsey. The opportunity for any manufacturer that dominates the market is enormous. ....
Goldman Sachs, a key adviser on Deliveroo s car crash market debut last week, is brushing aside a storm of protest and is already preparing to unleash its second giant tech listing this year. Sources last night said Goldman Sachs and Morgan Stanley were on track to sell shares in financial technology giant Wise next month with a valuation of up to £5billion. Wise, which counts Virgin s Sir Richard Branson as an investor, is one of the tech stars that Chancellor Rishi Sunak hopes will make London a prime venue for Initial Public Offerings – the public sale of shares on the stock market. ....