Monday, 10 May 2021, 20:23:32
Digital advertising companies like Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) and Facebook Inc’s (NASDAQ: FB ) shares dropped on rating downgrade by Citigroup Inc (NYSE: C ) from buy to neutral over the decline in ad budgets, Bloomberg reports . Citi gave Facebook a $320 price target and Alphabet a $2,415 price target . Interestingly, both the companies had beat the … Full story available on Benzinga.com
UBS is reportedly considering offering cryptocurrency investments to wealthy clients
Monday, 10 May 2021, 14:54:36
Summary List Placement UBS Group, the largest investment bank in Switzerland, is reportedly in talks to offer cryptocurrency investments to its wealthy clients, Bloomberg first reported , joining many firms in responding to increasing client demand for digital assets. The Swiss bank is in the early stages of exploring crypto options for clients, sources told Bloomberg, but any offering would only be in small portions of their total investment to protect them from cryptocurrencies' famous price swings. “We are monitoring the developments in the field of digital assets closely,” UBS said in a statement obtained by Bloomberg. “Importantly, we are most interested in the technology which underpins digital assets, namely the distributed ledger technology.” UBS joins the ranks of Goldman Sachs , which recently announced it will trade non-deliverable forwards , a derivative product tied to bitcoin ‘s price, and formally announced the launch of a cryptocurrency trading desk. Morgan Stanley, meanwhile, has offered its wealth management clients access to bitcoin funds since March, which allows certain clients ownership of the cryptocurrency.
— Business Insider
Steve Cohen revels in Francisco Lindor’s big Mets home run
Saturday, 8 May 2021, 04:35:26
Franciso Lindor’s clutch home run sent a jolt into the Mets and excited the man cutting his check. The once-slumping Mets shortstop drilled a 2-2 pitch from Diamondbacks reliever Caleb Smith into the left-field stands for a two-run homer that tied the score at 4-4 on Friday night. The blast brought the fans at Citi…
— New York Post
Mets vs. Diamondbacks prediction: Ride the hot team
Friday, 7 May 2021, 21:00:58
Snakes in the Citi this weekend. No, not Elon Musk doing SNL. D’backs, not projected to do well this season, are hanging in. Overachievers were only a game back of the Dodgers when I peaked at the standings on Thursday. Zac Gallen, who has proven to be a solid starter (1-1, 3.48 ERA), throws Friday….
— New York Post
Citi Considers Launching Bitcoin Custody, Crypto Trading
Friday, 7 May 2021, 18:39:37
Major currency trading bank Citigroup Inc. (NYSE: C ) is considering the launch of services dedicated to Bitcoin (CRYPTO: BTC) and other crypto assets. What Happened: According to The Financial Times report , Citigroup's global head of foreign exchange Itay Tuchman said that the bank is considering launching Bitcoin and other crypto services due to surging interest in Bitcoin from asset managers and hedge funds. He admitted that the institution has not yet decided whether it intends to launch those products but admitted that custody and financing were all under consideration. “There are different options … Full story available on Benzinga.com
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