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Fidelity Digital Assets recommended in a Tuesday report that investors “consider” diversifying 5% of their portfolios into bitcoin.

  • A disciplined 5% would position investors to capitalize on bitcoin’s potential growth while protecting against losses, the cryptocurrency unit of the mutual fund giant wrote in its latest report on bitcoin’s investment thesis, spotted Tuesday by Decrypt.
  • Director of Research Ria Bhutoria wrote that the crypto’s current market capitalization “is a drop in the bucket compared with markets bitcoin could disrupt.”
  • Bhutoria argued that while institutional inflows may damp bitcoin’s uncorrelated performance, the crypto is “fundamentally less exposed” to the “economic headwinds” that other assets will likely face.
  • Bitcoin is therefore a “potentially useful” asset for uncorrelated return-seeking investors. “Consider a portfolio with a target allocation of 5% bitcoin,” she wrote. 
  • “In a world where benchmark interest rates globally are near, at, or below zero, the opportunity cost of not allocating to
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  • The same short-seller that targeted Nikola in September has set his sights on a new name: Loop Industries.
  • In a report released on Tuesday, Hindenburg Research alleged that Loop Industries’ technology for recycling plastics didn’t work, describing it as “smoke and mirrors.”
  • Shares of Loop Industries fell as much as 39% on Tuesday.
  • Visit Business Insider’s homepage for more stories.

The same short-seller that targeted Nikola in September is now alleging that another company “is smoke and mirrors” and is inflating its technological capabilities.

In a report released on Tuesday, Hindenburg Research alleged that Loop Industries was peddling plastic-recycling technology that didn’t work.

Investors have taken note of what Hindenburg has to say since its September report on Nikola led to a drawdown of nearly 50% in that stock.

Loop Industries says it uses proprietary technology that can break down so-called PET plastics into

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President Donald Tweet once again raged against longstanding conservative darling the Drudge Report Tuesday, saying the news aggregation site “sold out.”

After Fox News contributor Dan Bongino tweeted a link to his competing aggregator, BonginoReport.com, Trump replied by heralding far-right Breitbart News, insulting the NBA and its ratings and slipping in a dig at Fox News, too.

The president wrote, “Congratulations Dan. You, Breitbart and others have decimated the business at Drudge. It’s gone the way of the @NBA, ratings down 70%. People want the TRUTH! Drudge Report sold out, suffered a massive ‘nervous breakdown’. Happening @FoxNews also???”

Also Read: Trump’s Right: Drudge Report’s Audience Is Down Nearly 40% From Last Year

Current traffic numbers for last month aren’t available yet, but the president is correct about Drudge Report’s declining numbers. Last month, Trump slammed the site and its founder Matt Drudge by remarking on a post that said

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The US healthcare industry is undergoing significant disruption as the coronavirus pandemic catalyzed the need for improved healthcare delivery—and digital health startups are at the helm of this transformation.

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Insider Intelligence examines the top five US digital health startups in AI, telehealth, and medical devices.

Business Insider Intelligence


As the vanguards of the digital transformation of healthcare, investors are taking notice of digital health startups’ potential—and committing record funds to them. Globally, healthcare funding to private firms reached $18.09 billion in Q2 2020, according to CB Insights—establishing a new quarterly record, with equity investments growing 6.3% quarter-over-quarter (QoQ) from 1,197 deals in Q1 2020 to 1,272 deals in Q2 2020.

In this report, Insider Intelligence examines the top five US digital health startups in AI, telehealth, and medical devices—the areas of digital health with the most number of deals in the first half of 2020.We first explore the AI in

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RADFORD, Va. (WDBJ) -At Radford’s City Council meeting on Monday, COVID-19 and the community’s response to the ever-evolving situation were front and center. They wanted to check in and see just how well they’re doing.



a large clock on a pole: At Radford’s City Council meeting on Monday, COVID-19 and the community’s response to the ever-evolving situation were front and center. They wanted to check in and see just how well they’re doing.


© Provided by Roanoke-Lynchburg WDBJ-TV
At Radford’s City Council meeting on Monday, COVID-19 and the community’s response to the ever-evolving situation were front and center. They wanted to check in and see just how well they’re doing.

“One of the things we promised we’d do was constantly monitor where we are with our COVID response and to make sure we’re being appropriate, find out if there’s anything else we need to do and to gage what we’re doing with everybody else,” said Mayor David Horton.

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“It’s not going to get tired so we can’t get tired and we can’t get complacent and we can’t get laxed,” said New River Health District Director Dr.

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New reports suggest that Apollo CEO Leon Black may have funneled as much as $75 million to disgraced financier Jeffrey Epstein before supposedly cutting ties in 2018.

The initial report published by the New York Times uncovers a number of alleged payments from Black to Epstein made through several companies.

A company that owned Black’s yacht wired $22.5 million to a company in 2017 that managed Epstein’s private jet – a move that raised questions at Deutsche Bank, the report said.

Other transactions passed through Black-owned businesses, according to the report, including a company that Black used to buy much of his billion-dollar art collection. The total amount of money that Black may have funneled to Epstein is around $75 million, which may have allowed Epstein to continue

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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

BOCA RATON, Fla., Oct. 12, 2020 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its third quarter 2020 financial results after the market closes on Wednesday, November 4, 2020. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Christopher Towers, Chief Accounting Officer, the following day, Thursday, November 5, 2020 at 8:30 am ET. The live conference call can be accessed by dialing (877) 303-6993 or (760) 666-3611.

A live webcast of the call and the corresponding presentation will be available in the ‘Events & Presentations’ section of the Investor Relations portion of Newtek’s website at http://investor.newtekbusinessservices.com/events-and-presentations. A replay of the webcast with the corresponding presentation

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Press release content from Business Wire. The AP news staff was not involved in its creation.

MCLEAN, Va.–(BUSINESS WIRE)–Oct 12, 2020–

fibeReality, LLC announced in a newly published study that the 5G strategy of Verizon Wireless and other mobile network operators is simply about ensuring their sheer survival because of the intense concern of running out of adequate capacity in general, based on the burgeoning data requirements of their current and near-term customers. Verizon’s 5G Enterprise: Hoarding mmWave for Viability states that although being compelled to quickly respond to getting hammered on the marketing side for full nationwide 5G offerings, especially by T-Mobile, Verizon has already gained a vital network cost and efficiency advantage in maximizing its internal scale capability, including deploying the most optimal architectural design, and encompassing its fiber support infrastructure.

“There has been a false industry-wide narrative that the main purpose of 5G

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U.S. regulators are considering an option where Alphabet Inc(NASDAQ: GOOGL) (NASDAQ: GOOG) could be forced to split part of its advertising business, along with its web browser Google Chrome, according to Politico. The company could be forced to sell these operations as an attempt to limit the tech titan’s dominance in the digital advertising space.  



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Amazon Inc (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), Facebook Inc (NASDAQ: FB), and Google are warding off lawsuits and antitrust probes for a variety of reasons ranging from monopolistic business practices, acquisition of smaller rivals, and their handling of fake news on social media — both in the U.S. and Europe.

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What Happened: U.S. Department of Justice could file a separate antitrust lawsuit against Google sometime next week, reports Politico. The lawsuit would focus on the tech company’s dominant position in online search, which furthers its presence

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  • EU lawmakers are drawing up a “hit list” of Big Tech companies to target with new regulation, sources told the Financial Times.
  • The list will have up to 20 companies on it, and is likely to include big players such as Facebook and Apple, the sources said.
  • The EU is set to publish proposals for new technology laws in December.
  • Visit Business Insider’s homepage for more stories.

EU lawmakers are writing a “hit list” of Big Tech companies to target with tougher regulation, sources familiar with the matter told the Financial Times.

The sources did not say which names are on the list so far, but said it will feature up to 20 large tech companies, and that it is likely to include Silicon Valley behemoths such as Facebook and Apple.

Under draft plans for new legislation, the companies named on the list will have to abide by stricter regulations

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