Walter Watson

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy's value in an $11.7 billion sale to tech giant Hewlett Packard.

Former U.S. president Barack Obama will address the crowd at the Democratic National Convention tonight, weeks after he allegedly played a pivotal role in President Joe Biden's exit from the race and endorsed Kamala Harris as the Democratic nominee.

“Too many underestimate the mountain, the weather, the terrain and overestimate their abilities, and that's when bad things happen,” said Christie, who was appointed by the Japanese government as an “ambassador” to promote the

Macy's cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions.

WEST PALM BEACH, Fla, Aug 21, (AP): US Sen Rick Scott has handily won Florida's Republican primary against two other opponents, moving on to face Democratic former US Rep Debbie Mucarsel-Powell in November.

43% of Gen Z and millennial employees in Hong Kong and Singapore “indicate frequent thoughts of leaving their jobs, underscoring significant turnover intention,” according to a July 2024 report by Endowus and Intellect.

The next innovation in cryptocurrencies won't come from the introduction of a Solana ETF . Asset managers say they're more focused on other ways investors can diversify their portfolios with crypto. The launch of the highly anticipated bitcoin ETFs in January was a success, but many are wondering what's next for the industry. Some crypto enthusiasts are speculating about which coin will next be put into an ETF wrapper (many are speculating it could be Solana), but asset managers at the Wyoming Blockchain Symposium in Jackson Hole say the search is about more than that alone. “As we think about how to educate investors about this broader ecosystem, it's not individual token by token, but rather … how do we think about portfolio construction and from there, how do we create exposures representing different sectors within this growing ecosystem,” said Cynthia Lo Bessette, head of digital asset management at Fidelity Investments. “There's an opportunity for us to be able to add value beyond just individual access to just some of the largest crypto tokens.” Actively managed products Steve Kurz, global head of asset management at Galaxy, pointed to his firm's recent partnership with custody giant State Street to develop active trading products. “That is not about the next coin, it's about the 75 securities that are now linked to crypto – the fact that there are futures, options, crypto ETFs, all kinds of exchange traded vehicles globally,” he said. “The accordion has expanded so much in just one year that you can start to have active strategies.” “While that's not what I think the average crypto asset manager would say the path would have been, that is a path that brings crypto awareness and crypto education through a different set of tools,” he added. Outside the U.S., investors can buy the CoinShares Physical Staked Solana ETP, for example. And ETFs tracking the price of spot bitcoin were available in Canada in 2021, long before they were approved in the U.S. Diversifying portfolios Diversifying crypto exposure beyond focusing on single coin products could be key for some asset managers. There are 11 bitcoin ETFs now available in the U.S. that, aside from their fee structures, look more or less the same for most investors. “If you're looking at the profitability of the asset management business in a platform sense, over the next three or four years, it's about moving into [alternative] products,” Kurz said. “Hedge funds, liquid token funds, venture funds – those are all models that are being tested. Investors and wealth managers who are comfortable in bitcoin generally recommend a small allocation —between 1% and 5% — to add risk to a portfolio without subjecting it to too much of the cryptocurrency's notorious volatility. Having different crypto-linked securities coming to market, however, could give asset managers an opportunity to shake up that standard and lift client expectations. “Active management becomes part of the conversation, and your differentiation isn't on fees or total cost of ownership, it's now on what strategies are you creating, what alpha are you generating – and that's that's when we know we've actually achieved something in terms of it becoming an asset class,” Kurz said. “You really haven't had a true asset management industry in crypto, it's been a cottage industry until the bitcoin ETF happened,” he added.

Analyzing the impact of the war in Gaza on the 2024 race Michigan state Rep. Bill Schuette addresses the significance of the Israel-Hamas

Traders work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty Images

Story by AnnaKate Freeland Correspondent and Donna Thornton [email protected]