Why investors should pay attention to crypto's infrastructure
07/31/2023 22:25
When most people think of "crypto" or "digital assets," they think of bitcoin or NFTs. But there is far more to the industry than that. Goldman Sachs Global Head of Digital Assets Mathew McDermott tells Yahoo Finance Live why he's excited about the infrastructure that's supporting the these assets, specifically when it comes to how it can be used by the financial services industry. "It's that application to financial services that really has caught the imagination of a good cross-section of the financial markets," McDermott says.

Reuters
Pirelli gets new board after battle over Chinese influence
Pirelli investors on Monday approved a new board for the tyremaker, giving it a new three-year governance set-up after the Italian government last month took steps to curb the influence of the company's leading Chinese investor. Andrea Casaluci, previously General Manager Operations, has been promoted to CEO, Pirelli said in a statement. The 75-year-old Tronchetti Provera, whose Camfin vehicle is Pirelli's second largest shareholder, retains a strong voice in the new 15-strong board in the role of executive vice chairman.

Bloomberg
Traders Go to US for Argentina Stocks to Hedge Election Bet
(Bloomberg) -- Investors are starting to make the most tentative of moves back into Argentine stocks, looking at a potential regime change following this year’s elections. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardWhy China’s Miracle Growth Story May Be Coming to an EndStock Traders Hold Back on Big Moves After Rally: Markets WrapWhile

AP Finance
Group: DeSantis win in Disney lawsuit could embolden actions against journalists
A legal advocacy group for journalists wants to get involved in Disney's free speech lawsuit against Gov. Ron DeSantis. The Reporters Committee for Freedom of the Press says a win by the Florida governor could embolden other governments across the U.S. to take actions against journalists and other media when they exercise their First Amendment rights. The group on Friday asked a judge for permission to file a friend-of-the-court brief in support of the claims brought by Disney against DeSantis, his appointees to a special district board governing Disney World and a state economic development agency.

Barrons.com
Why Wall Street Has a Lot Riding on Apple Earnings
The Street will be focused on CEO Tim Cook's outlook given Apple's unique perch and perspective around global consumer demand and what this means looking forward, says Wedbush analyst Dan Ives.

TipRanks
Seeking at Least 9% Dividend Yield? This 5-Star Analyst Suggests 2 Dividend Stocks to Buy
“What lies ahead for the stock market?” That’s the burning question on the minds of every market and economic expert out there, and it’s undoubtedly a challenging one. Inflation has moderated to a reasonable 3% annually, and the job market is showing signs of strength. Stocks are surging, indicating that investors have factored in the risk of a potential recession. However, this leads to a problem highlighted by B. Riley’s chief investment strategist, Paul Dietrich. He points out that the latest

SmartAsset
Buy, Borrow, Die: This is How the Rich Avoid Taxes
Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. The concept … Continue reading → The post Buy, Borrow, Die: How the Rich Avoid Taxes appeared first on SmartAsset Blog.

Bloomberg
Morgan Stanley Strategists Say US Stocks Are in a 2019-Like Rally
(Bloomberg) -- Morgan Stanley’s Michael Wilson, one of the few Wall Street strategists to see last year’s equities rout coming, has been among the market’s leading pessimists throughout 2023. But on Monday, after months of soaring stocks, he changed his tone and now sees the rally running further. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on Bo