# Guggenheim CIO: ‘Speculative frenzy’ to die down, but 0k target still on

# Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on

“# Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on ” In an interview with Bloomberg Markets on Friday, Guggenheim Partners’ chief investment officer Scott Minerd clarified his seemingly contradictory views on Bitcoin’s potential, and revealed that select Guggenheim private funds have invested in the cryptocurrency. Minerd, who oversees Guggenheim’s $275 billion…

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#James Simons steps down as chairman of Renaissance Technologies

#James Simons steps down as chairman of Renaissance Technologies

“#James Simons steps down as chairman of Renaissance Technologies” Legendary investor James Simons has stepped down as chairman at his secretive hedge fund Renaissance Technologies. The 82-year-old Simons — a former math professor who became one of the most successful investors in history by pioneering computer-based stock trading — notified investors in December that he…

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#Watch out Wall Street, Gary Gensler tapped to head SEC

#Watch out Wall Street, Gary Gensler tapped to head SEC

“#Watch out Wall Street, Gary Gensler tapped to head SEC” Gary Gensler appears to have won the race to be the next sheriff of Wall Street after elbowing out a centrist rival. According to multiple insiders, President-elect Joe Biden’s transition team has chosen Gensler — a former Goldman Sachs executive-turned-Obama administration financial regulator — as…

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#Big Tech stocks plunge as backlash against Silicon Valley grows

#Big Tech stocks plunge as backlash against Silicon Valley grows

“#Big Tech stocks plunge as backlash against Silicon Valley grows” Big Tech stocks tumbled Monday amid a growing backlash against Silicon Valley’s crackdown on President Trump and his supporters. Twitter shares plunged as much as 12 percent to $45.17 in the first trading session after it booted Trump from the platform on Friday, saying his account posed…

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#Twitter stock plunges after banning President Trump

#Twitter stock plunges after banning President Trump

“#Twitter stock plunges after banning President Trump” Twitter’s stock price tumbled early Monday as investors appeared to balk at the social network’s decision to ban President Trump from posting. Shares in the San Francisco-based company tumbled 7.5 percent to $47.60 as of 8:07 a.m. in the first premarket trading session after it booted Trump from…

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#COVID-19 vaccine mess hinders Wall Street and NYC

#COVID-19 vaccine mess hinders Wall Street and NYC

“#COVID-19 vaccine mess hinders Wall Street and NYC” Lost in the mayhem in DC over the past few days has been Wall Street’s move to quietly delay — yet again — a full return to their New York headquarters. Originally the return was expected for this summer, but now I’m hearing that workers won’t come…

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#Kamala Harris’ top economic advisor is another BlackRock exec

#Kamala Harris’ top economic advisor is another BlackRock exec

“#Kamala Harris’ top economic advisor is another BlackRock exec” BlackRock is cementing its position as the Biden administration’s go-to Wall Street firm. Vice-President-elect Kamala Harris on Friday said she’s selected BlackRock’s Global Chief Investment Strategist Mike Pyle as her chief economic advisor, making him the third high-profile member of Larry Fink’s $7.8 trillion financial empire…

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