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X @Bloomberg
Bloomberg· 2025-07-15 19:02
Cooper’s Hawk Winery & Restaurants, a restaurant chain and wine club backed by Ares Management, plans to tap private credit to refinance debt ahead of a new effort to pursue an IPO https://t.co/wCeWk8DGCk ...
Constellation Software: 7.6% Yielding, Inflation Resistant Bonds
Seeking Alpha· 2025-07-15 18:41
Group 1 - The Conservative Income Portfolio targets value stocks with high margins of safety and reduces volatility using well-priced options [1] - The Enhanced Equity Income Solutions Portfolio aims to generate yields of 7-9% while minimizing volatility [1] - Trapping Value offers Covered Calls and focuses on capital preservation through lower volatility income investing [2][3] Group 2 - The team at Trapping Value has over 40 years of combined experience in generating options income while emphasizing capital preservation [3] - The investing group includes two income-generating portfolios and a bond ladder [3]
We lost 4 years, but the U.S. is back in the stablecoin game, says Coinbase's Faryar Shirzad
CNBC Television· 2025-07-15 18:01
Market Trends & Investment Opportunities - Circle's shares have increased by 540% since its IPO last month [1] - Argus initiates Coinbase with a buy rating after its shares more than doubled in the past three months [2] - The potential of updating the financial system with new technological rails for value transfer is enormous for Coinbase and the economy [3] Regulatory Landscape & Impact - The US government's previous stance was an all-out war against innovation in digital assets, but the current period is more normalized [4][5] - The Genius Act specifically addresses stable coins and could be a significant boon for the US government [6] - Stable coin legislation, requiring one-to-one backing with safe assets, could drive trillions of dollars in demand for treasury bills over the next decade [7] - The Genius Act is on the verge of triggering a payment revolution, with the House expected to pass it and the President likely to sign it into law soon [8][9] Stablecoin & Treasury Market Dynamics - For every tokenized dollar issued, $1 will be held in reserves, typically in US treasuries [9] - Stable coin issuers are currently the 16th largest holders of US treasuries globally [9] - Stable coin issuers could potentially become the largest holders of US treasuries, surpassing China and Japan [9] - This development is critical given the high debt levels in the US economy [10]
180 Degree Capital (TURN) Update / Briefing Transcript
2025-07-15 18:00
Summary of 180 Degree Capital Corp. Shareholder Update Call Company and Industry - **Company**: 180 Degree Capital Corp. - **Industry**: Alternative Asset Management and Private Credit Key Points and Arguments 1. **Business Combination with Mt. Logan Capital**: The call focused on the proposed business combination with Mt. Logan Capital, which is expected to enhance shareholder value and position the company for growth [5][6][19]. 2. **Transformation of Business Model**: The company has transitioned from a venture capital model to an asset-light operating company, which is anticipated to improve valuation metrics based on operating performance rather than net asset value [16][35]. 3. **Financial Performance**: Since leadership changes in 2017, the investment strategy has generated approximately $38.7 million in gains, representing a gross total return of 253% and an internal rate of return (IRR) of 16% [12]. 4. **Reduction of Legacy Assets**: The company successfully transformed its balance sheet from 80% illiquid venture investments to 99% liquid assets and cash, which is expected to attract investors focused on short-term gains [13][14]. 5. **Market Positioning**: The combined entity will manage over $2.4 billion in assets, focusing on the high-growth private credit market, which is seen as an attractive alternative asset class [19][28]. 6. **Shareholder Benefits**: The merger is expected to provide shareholders with quarterly dividends, marking a significant change as they have not received dividends since February 2001 [20][36]. 7. **Valuation and Growth Potential**: The merger is projected to shift the valuation from net asset value to operating metrics, potentially unlocking substantial value for shareholders [16][22]. 8. **Management Team**: The management team from Mt. Logan is highlighted as experienced and capable, with a strong track record in private credit [17][18]. 9. **Strategic Growth Opportunities**: The merger is expected to create synergies, reduce costs, and enhance the ability to pursue both organic and inorganic growth opportunities [33][35]. 10. **Regulatory Process**: The call addressed the lengthy SEC review process, emphasizing compliance and the importance of shareholder engagement during the merger process [40][78]. Other Important but Possibly Overlooked Content 1. **Historical Context**: The company faced significant challenges in 2016, including high annual expenses and a legacy portfolio that negatively impacted net asset value [8][11]. 2. **Shareholder Engagement**: The management emphasized their commitment to transparency and open communication with shareholders throughout the merger process [7][44]. 3. **Activist Investor Response**: The management addressed concerns regarding activist investors and their impact on shareholder value, asserting their focus on long-term growth rather than short-term tactics [37][38]. 4. **Comparison with Peers**: The management provided comparisons with larger asset managers like Apollo and KKR, indicating potential for significant valuation uplift post-merger [62]. This summary encapsulates the key discussions and insights from the shareholder update call, highlighting the strategic direction and anticipated benefits of the proposed business combination.
X @Bitcoin
Bitcoin· 2025-07-15 17:52
RT Tim Draper (@TimDraper)I do not like the label @Bitcoin maximalist.I'm an innovation maximalist.Bitcoin is incredible. It’s transparent, keeps perfect records, immutable, transparent, global, accepted everywhere and has a 63% market share in crypto.One thing people don’t focus on is that Bitcoin is a tool that allows for innovation.Bitcoin is about investing in a great future where:• Artists get paid instantly for their work• Small businesses access global markets without banks• Creators own their audien ...
White House AI and crypto czar on efforts to win the global AI race
CNBC Television· 2025-07-15 17:30
So, President Trump assigned us this mission of winning the AI race. And there's really three ways that I think we do that. Number one is innovation.We have to out compete our global adversaries. There's just no substitute for innovation. You can't regulate your w your way to winning the AI race.And in the United States, the innovation is done by the private sector. So, it's really the job of government to enable the private sector and get the red tape out of the way. And you're seeing that with respect to ...
LIVE: Trump participates in energy and innovation summit in Pennsylvania | NBC News
NBC News· 2025-07-15 17:27
Watch live coverage as President Trump travels to Pennsylvania to take part in the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news st ...
Tiny Teams — Grant Lee, Gamma
AI Engineer· 2025-07-15 17:04
[Music] Thanks so much uh for having me. It's uh it's great to be here. Uh my name is Grant.Uh I am one of the co-founders and the CEO of Gamma. Uh we are basically as alluded to building the anti-P PowerPoint. So we are trying to reimagine how people create and share content.We make want to make that dead simple. And this all started with kind of just trying to solve my own problem. I was previously doing consulting and like many of us have probably seen uh a page or slide that looks like this, the blank s ...
How start-ups and innovation change the world | David Aston | TEDxUniversityofGroningen
TEDx Talks· 2025-07-15 16:52
[Music] 43 years ago with £100 in my bank account approximately £585 in today's money I spent £99.99% of it in short my entire net worth on a tiny home computer called the ZedX Spectrum. It was exciting, revolutionary at the time, almost magical, part of a new concept known as home computing. Excited, I took the Spectrum home, unboxed it, and switched it on.And then reality hit. Firstly, I'd purchased the 16K RAM version that was the base model. But everyone, apart from me, it seemed, knew that real fun was ...
X @The Wall Street Journal
The Wall Street Journal· 2025-07-15 16:25
Here’s why football commentator and former Manchester United player Gary Neville says he’s never seen a motivational quote that has had longlasting impact. https://t.co/uIFznjnaUq ...