Bitcoin, the world’s most well-known cryptocurrency, recently surpassed the $100,000 (€95,149) mark. This milestone has led BlackRock, the world’s largest asset manager, to recommend including Bitcoin in diversified investment portfolios. In its report, Sizing Bitcoin in Portfolios , BlackRock highlights how Bitcoin can help investors spread risk. Why BlackRock recommends Bitcoin BlackRock advises that Bitcoin, which has often been seen as highly risky, is maturing and could be an excellent addition to a well-balanced investment portfolio. The company suggests that a small allocation, only around 1-2 per cent of a typical 60/40 portfolio (a mix of 60 per cent stocks and 40 per cent bonds) could bring benefits through diversification. Most Read on Euro Weekly News Cryptocurrency is coming to Spanish banks: A beginner’s guide to crypto How and where you can buy Bitcoin Bitcoin’s total value, estimated at $2 trillion (€1.9 trillion), puts it on par with the combined market size of major tech companies such as Google and Microsoft. According to BlackRock’s Chief Investment Officer, Samara Cohen, Bitcoin’s unique features, such as its independence from traditional markets, make it an appealing way to reduce reliance on other assets including stocks. Why is Bitcoin gaining traction? Bitcoin operates without central control from banks or governments, making it particularly appealing during times of political and financial uncertainty. Bitcoin’s value doesn’t usually move in sync with stock or bond markets, making it a useful way to spread risk in a portfolio. BlackRock notes that Bitcoin could see the biggest returns while it’s still gaining wider acceptance. However, this phase also comes with higher risks. Also, Bitcoin’s price swings can be extreme, with past losses of up to 70 per cent in a year. Investors must be ready and stoic for sudden changes. The future of Bitcoin If Bitcoin becomes more widely accepted, its value could stabilise, reducing its potential for massive price increases. In that case, Bitcoin could act more like gold – a way to protect generational wealth rather than a fast-growing investment. In a recent Euro Weekly News article, Spanish banks were reported to soon be offering cryptocurrency services like buying, selling, and storing digital currencies such as Bitcoin. BlackRock’s research shows that even a small Bitcoin investment affects overall portfolio risk. For example, a 1 per cent allocation adds 2 per cent to overall risk, while a 2 per cent allocation increases it to 5 per cent. Going beyond 2 per cent could significantly increase portfolio risk, particularly during volatile market conditions.The Bank of England will be vigilant over the possibility that investors will take greater risks after a year of relative stability in markets, Deputy Governor Dave Ramsden said on Monday. Ramsden, who is head of markets at the BoE and in charge of its balance sheet, said there had been no major bank failures or bouts of market dysfunction in 2024, even though political events had stoked volatility. “I am ... mindful that whilst this has been a year of relative stability, that is never a sign that we should get complacent,” Ramsden said in a speech at the Official Monetary and Financial Institutions Forum, a think tank. “As famed economist Hyman Minsky once said, ‘stability breeds instability’ and the comparatively calmer market conditions of this year could lead to greater risk-taking in future,” Ramsden added. Britain’s government bond market – the subject of a meltdown in 2022 triggered by then-Prime Minister Liz Truss’s unfunded tax cuts and exacerbated by the structure of pension funds – was functioning in an orderly manner, Ramsden said. But he added vulnerabilities remained around the leverage of hedge funds and the concentration of the market – something the BoE would watch carefully. Last month the BoE said financial firms outside the banking system, such as hedge funds, remained vulnerable to a sudden financial shock and would not all be able to access the funding they would need in such a crisis. Ramsden’s speech also touched on the Contingent Non-Bank Financial Institution Repo Facility (CNRF), a new financial stability tool that insurers and pension funds will be able to use during severe turbulence in the gilt market. He said he understood why these companies were interested to know the circumstances under which BoE would activate the CNRF, but he said the central bank could not give a definitive list, given how market dysfunction can arise in different ways. “What I can say is that the Bank will draw on a mix of quantitative and qualitative information to assess whether the conditions for activating the CNRF are met,” Ramsden said. Source: Reuters (Writing by Andy Bruce, Editing by William Schomberg)If you decide to uphold your and prioritize during the , you may be subjected to ill feelings from family members, even if they know you aren’t that close to them. For many people, the holidays can be a complex and difficult time due to grief or not having healthy relationships with family members. As a solution, some are reimagining what the holidays mean to them and are focused on creating their own traditions, whether with a chosen family or alone. While family relationships may be strained, there’s still room for fostering authentic connection on your terms. With expert tips from licensed professional counselor Jenet Dove, here’s how to connect with distant family members during the holidays while upholding your boundaries. Clear communication is key. Before engaging, let your family know your boundaries: Are there topics you’d prefer to avoid? Are there any specific guidelines for interacting with your kids? These conversations help set the tone for a positive interaction and give you insight into how your boundaries will be perceived. If met with respect, you can move forward feeling more at ease. Not every family tradition or activity has to be for you—and that’s okay. Decide which parts of the gathering align with your energy: “I’d love to join for dinner but will pass on the late-night card games.” This way, you’re present in a way that works for you, without sacrificing your emotional well-being. Who says the connection has to happen in person? If seeing family face-to-face feels overwhelming, lean on technology. Schedule a FaceTime chat, host a virtual trivia night, or send a short, heartfelt video message. These alternatives allow you to stay connected without compromising your peace. I always preach this to my clients: short and sweet can be just as meaningful. Plan your visits with a clear end time: “I can stop by for about 30 minutes before I head to my next commitment.” And here’s the secret: that commitment can be anything—even curling up at home with a cup of tea. Your time is yours to manage; no justification is required. A small, intentional gesture can speak volumes. A handwritten note, a care package, or even a favorite family recipe shared by mail shows love and connection without requiring face-to-face interaction. It’s a boundary-friendly way to keep relationships strong. Large family gatherings can be overwhelming, so consider focusing on more minor, more personal interactions. A quiet coffee date, a phone call, or even a walk with one or two family members can create meaningful moments without the stress of a crowd. Sometimes, the most loving choice is stepping back. If connecting feels too much, it’s okay to bow out entirely: “I won’t be able to join this time, but I’m wishing everyone a joyful holiday!” Protecting your well-being isn’t selfish—it’s essential.
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WASHINGTON >> President-elect Donald Trump said today the Republican Party “will use its best efforts” to end daylight saving time, which he called “inconvenient, and very costly to our Nation.” “The Republican Party will use its best efforts to eliminate Daylight Saving Time, which has a small but strong constituency, but shouldn’t!” Trump said on social media. “Daylight Saving Time is inconvenient, and very costly to our Nation.” Daylight saving time — putting the clocks forward one hour during the summer half of the year to make the most of the longer evenings — has been in place in nearly all of the United States since the 1960s, but has been a topic of debate in recent years. Some lawmakers want to stay on standard time year-round, more are on record calling for remaining on daylight saving time all year, while others want to keep the status quo. President Joe Biden never took a public position on the issue. In March 2022, the U.S. Senate voted unanimously to make daylight saving time permanent but the effort stalled in the House after lawmakers said they could not reach consensus. A bipartisan group of senators in March made a new push to make daylight saving time permanent. Supporters of remaining on daylight saving time argue it would lead to brighter afternoons and evenings and more economic activity during the winter months. Critics say it would force children to walk to school in darkness, since the measure would delay sunrise by an hour. Proponents of eliminating daylight saving time altogether say the twice-annual changing of clocks causes sleep disturbance and health issues. Congress has not held any new hearings on the issue for more than two years and the Senate would need to take up the issue again. Year-round daylight saving time was used during World War Two and adopted again in 1973 in a bid to reduce energy use because of an oil embargo, but was unpopular and was repealed a year later. Since 2015, about 30 states have introduced or passed legislation to end the twice-yearly changing of clocks, with some states proposing to do it only if neighboring states do the same.One Bio Secures $27 Million in Series A Funding to Revolutionize Nutrition with Launch of Breakthrough Technology Making High-Dose, Anti-Inflammatory Plant Fiber Imperceptible in Food and Beverage for the First Time
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The Ifira Ports Development Services (IPDS) yesterday declared VT50 million in dividends to its two shareholders, the Vanuatu Government and Ifira Trustees Limited (ITL). ITL which owns 51% shares received VT25,500,000 while the government with 49% shares gets VT24, 500,000. The caretaker Prime Minister (PM) Charlot Salwai, caretaker Ministers of Finance Johnny Koanapo and Infrastructure Xavier Emanuel Harry received the dividend on behalf of the government from the Chairman of IPDS and Paramount Chief of Ifira, Pa’au Nimanu Mantoi Kalsakau III. Yesterday’s presentation of the dividend cheques is a result of the company’s positive financial performance, said the IPDS Chairman. “I am proud to report that IPDS continues to grow and generate profits, allowing it to return dividends to its shareholders. Despite the challenges posed by the country’s economic conditions, political instability, and other issues, the company has remained operational,” he said. Mantoi Kalsakau III highlighted some achievements of IPDS, such as the early repayment of its nearly VT9 billion Lapetasi loan with the Japanese International Cooperation Association, leaving a remaining balance of VT5.9 billion. He said the Lapetasi International Container Wharf handled 20,758 containers from June last year to May this year, an increase of 3,834 compared to last year. To keep up with the higher demand, the company bought a prime mover and two vehicles to replace old ones. IPDS plans to improve its infrastructure by expanding the container freight warehouse and reefer tower to accommodate the increase in containers. “IPDS made a profit from its operations of VT582,705,563, with a net profit after depreciation of VT58,986,000, compared to VT44.7 million in 2023. The profit increased as the number of containers and cargo rose, while at the same time, tariffs increased. With this profit, the company’s value has now reached VT3.2 billion,” the Chairman conveyed. The company has been paying dividends to its shareholders every year since 2014. Last year, it distributed VT30 million, bringing the total amount of dividends paid to date to VT295 million. Mantoi Kalsakau III assured that IPDS will continue to uphold its social responsibility to the community. Before delivering his address yesterday, the PM on behalf of the government paid tribute to one of the company’s directors and former Member of Parliament, Ephraim Kalsakau, who had passed away. He commended the IPDS Chairman and his board and the management for generating profits, being prudent, and delivering dividend payouts. The directors of IPDS, Chief Executive Officer, Financial Controller, senior managers and staff members are commended for their hard work. He said that IPDS is a demonstration that indigenous people can successfully run businesses in the country. He also emphasised the company's importance in supporting the country's economic development. Salwai said the company’s financial stability reflects the success of the collaboration between the company and the government, serving as a model of public-private partnership. IPDS Board Members and shareholders were presented yesterday for the dividend handover ceremony.By Ja'han Jones Over the years, the arguments against taking meaningful action against climate change have evolved from raising doubts about the science to claiming that rising temperatures might not be caused by human activity. Now President-elect Donald Trump is pushing it in an entirely new direction: Climate change is good, actually. Trump, who has mused that rising sea levels might lead to more beachfront property , announced recently that his pick for energy secretary is Chris Wright, a Big Oil CEO who has downplayed the risks of rising global temperatures and argued that climate change might actually be good for the world. These sentiments were revealed over the weekend in an article in The Wall Street Journal that featured various comments Wright made to the far-right platform PragerU, whose founder has bragged that he wants to "indoctrinate" American children with his politics. Per the WSJ: A fracking executive, Wright acknowledges that burning fossil fuels is contributing to rising temperatures. But he also says climate change makes the planet greener by increasing plant growth, boosts agricultural productivity and likely reduces the number of temperature-related deaths annually. “It’s probably almost as many positive changes as there are negative changes,” he told conservative media nonprofit PragerU last year, referring to climate change. “Is it a crisis, is it the world’s greatest challenge, or a big threat to the next generation? No.” For the record, the things Wright lists as positives of rising atmospheric carbon — like more plant growth and a boost in “agricultural productivity” — don’t always occur in climate change scenarios, and when they do, they aren’t always positive developments. (Read more on that here and here ). And contrary to Wright’s claim about temperature-related deaths, the Environmental Protection Agency reported this year that “dramatic increases in heat-related deaths are closely associated with the occurrence of hot temperatures and heat waves.” There are plenty more catastrophic scenarios that we know stem from climate change — circumstances that literally kill people and destroy properties and environments . Indeed, these are big threats to all generations that currently live on earth and any that wish to do so in the future. Reputable scientists around the world have concluded that over several decades, an average global temperature increase above 1.5 degrees C elsius (2.7 degrees F) could produce “irreversible” changes with “dangerous impacts for humanity. ” But Wright wants us all to see climate change through rose-colored glasses. “A little bit warmer isn’t a threat,” he said in the resurfaced PragerU interview. “If we were 5, 7, 8, 10 degrees [Celsius] warmer, that would be meaningful changes to the planet.” That sequence of numbers is particularly bizarre. Scientists believe the world is on track to get at least 3 degrees Celsius warmer than pre-industrial times, causing everything from destructive heat waves, wildfires and droughts to an ice-free Arctic Ocean to shifts in insect-born diseases . Six degrees is considered a doomsday scenario , with whole swaths of the Earth now uninhabitable. But Wright starts there, skipping up to an unimaginable 10 degrees of warming as maybe a problem in his offhand calculation. No one should be surprised that Trump is living up to his promise to let Big Oil executives live their wildest dreams if they gave money to his campaign. But arguing that climate change is good and the Earth could stand to warm a few more degrees is a new low, even by our already lowered standards. Ja'han Jones is The ReidOut Blog writer. He's a futurist and multimedia producer focused on culture and politics. His previous projects include "Black Hair Defined" and the "Black Obituary Project."
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AleAnna, Inc. Announces Completion of Business Combination between Swiftmerge Acquisition Corp. and AleAnna Energy, LLCHow to watch La Salle Explorers vs. Temple Owls: NCAA Basketball live stream info, TV channel, start time, game oddsNEW YORK--(BUSINESS WIRE)--Dec 13, 2024-- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.47 per share of class A common stock with respect to the fourth quarter of 2024. This dividend is payable on January 15, 2025 to stockholders of record as of the close of business on December 31, 2024. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. About Blackstone Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com . Follow @blackstone on LinkedIn , X (Twitter) , and Instagram . Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect BXMT’s current views with respect to, among other things, its operations and financial performance, its business plans and the impact of the current macroeconomic environment, including interest rate changes. You can identify these forward-looking statements by the use of words such as “outlook,” “objective,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. BXMT believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in its periodic filings with the Securities and Exchange Commission (“SEC”) which are accessible on the SEC’s website at www.sec.gov . These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the filings. BXMT assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances. View source version on businesswire.com : https://www.businesswire.com/news/home/20241213685391/en/ CONTACT: Investor Relations Blackstone +1 (888) 756-8443 BlackstoneShareholderRelations@Blackstone.comPublic Affairs Blackstone +1 (212) 583-5263 PressInquiries@Blackstone.com KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOURCE: Blackstone Mortgage Trust, Inc. Copyright Business Wire 2024. PUB: 12/13/2024 04:15 PM/DISC: 12/13/2024 04:15 PM http://www.businesswire.com/news/home/20241213685391/en
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