Author: Anthony M. Orbison

The U.S. Securities and Exchange Commission (SEC) has just granted approval for the listing and trading of options on BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT).BREAKING: 🇺🇸 SEC approves options for BlackRock's spot #Bitcoin ETF. pic.twitter.com/g7R8rSLRI1— Bitcoin Magazine (@BitcoinMagazine) September 20, 2024 The approved options on the iShares Bitcoin Trust will be physically settled, meaning that when the option is exercised, Bitcoin will be delivered to fulfill the contract. These American-style options can be exercised at any time before the expiration date, providing flexibility for traders. According to the SEC, the listing will follow the same rules as…

Bhutan has illustrated how Bitcoin and the mining process can bring forth tremendous revenue, with the country making $750M from mining Bitcoin. After being publicly condemned by governments worldwide, Bitcoin (BTC) emerged as a popular asset. Several developing nations have developed a new interest in cryptocurrency, with Bitcoin taking charge.Despite its modest GDP of $3 billion, the East Himalayan Kingdom of Bhutan has shown developing nations how Bitcoin mining can improve economies. According to a recent report by Arkham Intelligence, Bhutan was seen holding a staggering 13,029 BTC. This is worth about $758 million. Less than 900,000 people live in…

By Scott Murdoch and Himanshi Akhand (Reuters) -Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove (OTC:) with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in cash and 0.0422 new REA shares giving Rightmove an implied value of 770 pence per share. Shares of REA, which is 62% owned by Rupert Murdoch’s News Corp (NASDAQ:), dropped 1.52% on Monday. Rightmove did not immediately respond to a request for comment on the new non-binding bid outside normal…

The nuclear energy sector comprises companies involved in the production of nuclear power and related technologies. These firms range from uranium miners to nuclear plant operators and equipment manufacturers. Nuclear energy stocks represent ownership in these companies traded on public exchanges. The sector has gained renewed attention due to its potential role in reducing carbon emissions. Nuclear power offers a reliable, low-emission source of baseload electricity. Investing in nuclear energy stocks can present unique opportunities. Nuclear power plants provide consistent energy output, potentially leading to stable revenue streams. The sector may benefit from increasing global focus on clean energy solutions.…

One of the leading financial regrets among retirees is wishing they had prioritized saving during their working years. However, several years of persistent inflation and skyrocketing consumer prices have made making ends meet difficult for many American households.Unfortunately, saving for retirement has become harder to balance with competing financial obligations. However, most experts note that consistently contributing to your 401(k), IRA, or 403(b) accounts from a young age is the most ironclad retirement strategy.Related: Social Security benefits report confirms major changes are comingWe spoke with Ric Edelman, Founder of Edelman Financial Engines and The Truth About Your Future, to examine…

HANOI (Reuters) – South Korean electronic manufacturer Samsung (KS:) Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam to produce OLED displays for automobiles and technology equipment, the Southeast Asian country said on Sunday. The new facility for the manufacture of organic light-emitting diode (OLED) displays will be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and close to an existing Samsung electronics plant, the government said in a statement released after the meeting between Prime Minister Pham Minh Chinh and the General Director of Samsung Vietnam Choi Joo…

(Bloomberg) — Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.Most Read from BloombergThe alternative asset manager has indicated in recent days it would be willing to make an equity-like investment of as much as $5 billion in Intel, said one of the people, who asked not to be identified discussing confidential information. Intel executives have been weighing Apollo’s proposal, the people said.Nothing has been finalized, the size of the potential investment could…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mexico’s ruling party chose the son of President Andrés Manuel López Obrador for a senior role on Sunday, in a sign the leftist leader will continue to influence public life after he steps down.López Obrador is in his final weeks of a six-year term that has polarised Mexican politics and concentrated legislative power in his party. His handpicked successor, former Mexico City Mayor Claudia Sheinbaum, will replace him as president in October.In a conference centre in the capital on Sunday, Sheinbaum and…

Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy. The alternative asset manager has indicated in recent days it would be willing to make an equity-like investment of as much as $5 billion in Intel, said one of the people, who asked not to be identified discussing confidential information. Intel executives have been weighing Apollo’s proposal, the people said.  Nothing has been finalized, the size of the potential investment could change and discussions…

(Bloomberg) — Asian stocks rose along with US equity futures on expectations that China may deliver more stimulus to revive the world’s second-largest economy.Most Read from BloombergThe MSCI Asia Pacific Index climbed as shares in China, Hong Kong and South Korea advanced. The People’s Bank of China and other regulators will hold a briefing on Tuesday, after data on Friday reinforced the slowing momentum in the economy. The yen dropped after Bank of Japan Governor Kazuo Ueda indicated Friday that authorities aren’t in a hurry to raise interest rates again.China’s central bank cut a short-term policy rate on Monday as…