Egratia Contributed to The Development of Blockchain Gaming Industry in North America
- To further energize the development of blockchain gaming and facilitate the blockchain investment, the Egretia North American Community (ENAC) successfully hosted 2019 LA Blockchain Game Dev & Investment Party on the night of November 25, 2019.
- During the party, ENAC announced the 2019 Egretia Global DApp Contest to the attendants, telling them that “the winning teams will receive a total of $300K award and long-term collaborations, including support for project development, incubation, and potential investment.” The 2019 Egretia Global DApp Contest was officially launched on October 1, 2019.
- During the panel, Jerry brought up the very unique point of “bringing the content to facilitate the business process to every blockchain use cases.” He shared his previous experience with the world-leading live streaming platform Twitch, and discussed traditional gamers’ and users’ value.
Taylor Swift Bites the Hand That Made Her Rich and Famous
- The country music icon has had “bad blood” since June about the sale of her albums to recording industry exec, Scooter Braun’s Ithaca Holdings LLC.
- After I was denied the chance to purchase my music outright, my entire catalog was sold to Scooter Braun’s Ithaca Holdings in a deal that I’m told was funded by the Soros family, 23 Capital, and the Carlyle Group.
- As Swift acknowledged herself her earlier this year, Big Machine was interested in selling her the masters, but in exchange for renewing her music contract instead of cash.
- And let me just say that the definition of toxic male privilege in our industry is people saying, ‘But he’s always been nice to me,’ when I’m raising valid concerns about artists and their right to own their music.
- By rejecting this cookie consent, you might not be able to read the full article due to embeds.
Dow Stalls as a Skeptical Wall Street Shreds Trump's China Deal
- An exhausted Dow Jones struggled to rally on Friday, even after Donald Trump unveiled details of his plan to abandon December’s tariff hikes.
- The Dow was well priced for this eventuality, and some concerns remain over the viability of securing a more substantial trade deal, especially given how much the White House labored to achieve this basic agreement.
- Focusing on the reaction in Washington, he notes that while there is a chance that Trump will further reduce his import taxes on Chinese goods, both Republicans and Democrats are concerned that the president is losing his negotiating edge.
- If the White House has lost its best bargaining chip, there would be a non-negligible chance of having to re-escalate the trade war, which will always remain a lingering concern for Dow bulls until a significant resolution is made.
How I Handle the Fear of Rejection
- Our friend in Portugal is having some fears concerning rejection as he searches for a new job.
- Being someone who really feels the effects of social anxiety, the fear of rejection has always been a big part of my life, but I've gotten to a point where I do a pretty good job of coping with it.
- My strategy for overcoming my fear of rejection (and extroversion in general) is the same strategy I used to get comfortable taking cold showers.
- Think about the last job posting you looked at, did you focus on the blurb about the company, or did you scroll down to the bold requirements heading?
- All you're doing by looking deep into the requirements for a job is fueling that fear of rejection.
- So my advice is this: When you're applying for a job, reaching out for coffee, asking for a raise, or whatever, ignore the perceived requirements.
We just got a stark warning that the US economy is slowing as trade tensions persist
- The lagging sales data signals slower economic growth than hoped for in the fourth-quarter, as the US-China trade war also pulled the US manufacturing sector further into a recession last month.
- While November sales fell under expectations, the lag could also be a result of 2019's shifted holiday season, JPMorgan Chase economist Daniel Silver said in a Thursday note.
- December's sales data will offer greater clarity on whether the US consumer is cooling, since "the late timing of Thanksgiving this year could have pushed some holiday shopping from November to December," Silver wrote.
Wealth management in 2030, according to execs at firms like Merrill Lynch, Wells Fargo, and Betterment: AI-driven investments, concierge-like advisers, and holograms to reach more clients
- Meanwhile segments across the wealth management industry are now, in 2030, dominated by fewer large players than it was a decade ago, and wealth managers (who still exist) regularly harness artificial intelligence to help their clients plan out their financial lives.
- When the CFA Institute surveyed some 3,800 members and candidates across the investment industry earlier this year about the future of their roles, 54% of wealth managers, financial advisers, and planners said they expected their roles to "substantially" change over the next five to 10 years.
- Wealth management firms are set on the idea of artificial intelligence aiding human advisers and clients alike in decision-making, but they're playing in a business that's slow to change — and one that can get caught up in embracing buzzwords.
Here are the best-performing stocks of the decade
- Outside the S&P 500, Domino's technology-based approach to pizza delivery set the stage for the boom in food delivery we have today and fueled explosive gains for the stock.
- Pioneer of the streaming service industry, Netflix is the best performing stock of the decade, returning a whopping 3,726.2% in 10 years.
- Little known-financial services company MarketAxess, the dominant online corporate bond trading marketplace, is the second-best performing stock in the S&P 500 in the last 10 years, returning more than 2,770% since 2010.
- Despite MarketAxess going from $14 a share in 2010 to $370 today, not one of the 11 analysts on Wall Street who cover it recommend buying the stock, with an average 5% downside seen in the share price over the next 12 months, according to FactSet. CNBC also used FactSet to screen the best performing U.S. stocks with a market valuation greater than $10 billion.
Chinese State-Backed Data Center Builder Claims Record Investment, Led by Morgan Stanley
- A Chinese data center operator claimed in November that it struck the world's largest venture capital deal, with billions of dollars put up by Morgan Stanley and a government-owned industrial conglomerate.
- Tenglong Holding Group, also known as Tamron Holding Group, said its $3.7 billion was the largest private investment in history of the internet data center industry, and among the largest such deals ever made at all.
- Along with Morgan Stanley, the other core investor was Nanshan Group, a Chinese industrial conglomerate, said Tenglong's statement.
- In October, it formed a strategic partnership to build data centers with Shanghai Lingang Science and Technology Innovation City Economic Development Co., a municipal construction firm with ventures in San Francisco and Glasgow.
- Their Industrial Internet Tenglong Data Center would serve as the Internet+ infrastructure for a Shanghai district billed as China's Silicon Valley, the Lingang Science and Technology City.
APRA's super ratings aren't perfect, but it's a start
- But, as APRA is at pains to point out, the analysis is not aimed at consumers; it is meant to shame super fund trustees into lifting their game.
- Groups like Choice, which launched Super Consumers Australia this year, are up against a huge industry with a lot to lose if pesky layfolk get too involved.
- APRA's analysis – which covers MySuper for now, but will be extended to so-called choice products, covering most of those 40,000 options (expect a bloodbath) – has been heavily criticised by parts of the super industry.
- Other industry players, especially those who advocate for retail funds, have issued urgent warnings about the shortcomings of APRA's approach, including that five years is too short a time frame to compare funds and their risk-adjusted returns approach needs refining.
- According to superannuation minister Jane Hume, APRA's heat map work shows there are two million members and $70 billion languishing in 19 underperforming MySuper products.
Westpac scandal means new banking paradigm
- In October last year Chanticleer wrote about efforts by George Frazis, who was then running Westpac's consumer bank, to bring the airline industry's approach to compliance, safety and customer service to banking.
- In September last year Frazis convinced Qantas Airways chief executive Alan Joyce to come to the Westpac head office to talk to the top 100 managers in the retail bank about zero tolerance in the aviation industry.
- Joyce and his board of directors must be aware of the dangers of being considered the gold standard for safety and the benchmark for the banking industry.
- But the federal government is in a position to make the register free considering it picked up $700 million from an AUSTRAC fine against Commonwealth Bank of Australia and is likely to pick up $1 billion in fines from Westpac.