News Oil 

Concordia Becomes First University Foundation in Quebec With a Target of 100% Sustainable Investments by 2025

“The Concordia University Foundation committed today to end investments in the coal, oil and gas sector within five years” writes Emily Holbrook for environmentalleader.com. The Foundation also announced it would go further than this divestment and will be the first university foundation in Quebec with a target of 100% sustainable investments by 2025, including by doubling its social or environmental impact investment.In 2016, it established a joint sustainable investment advisory committee – which includes student and faculty representatives – to make recommendations on socially and environmentally responsible investment opportunities.It also…

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Crypto News Stocks 

Investing in Cryptocurrency: Advantages and…

“Even so, cryptocurrency investments are not for the faint of heart, and newcomers may want to tread carefully before jumping in” writes Live Bitcoin News for livebitcoinnews.com. One of the biggest potential advantages of investing in cryptocurrency is the possibility of significant appreciation.The lack of security is a major concern for cryptocurrency investors, and there are only so many ways to hedge those risks.If additional regulation comes to pass, the attractiveness of cryptocurrency investments could diminish greatly.Cryptocurrency investments are not like stocks, bonds, and mutual funds, and the security situation…

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Markets News 

My retirement savings lost $138 within a month of opening my IRA, but I’m not worried about it

“When you set a long-term investing goal, worrying about every little dip along the way can add unnecessary stress to your life” writes Brynne Conroy for businessinsider.com. My investments had lost 1.2% of their value over the course of the past month, a dollar amount of about $138.I know that obsessing over every last market movement isn’t healthy or helpful for my long-term goals.My investing goals are long term.As far as my investments go, I’m not overly concerned about the possibility of another recession in the near future. Source: businessinsider.com

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News 

Here’s a list of $20.35 trillion of Elizabeth Warren tax hikes

“Elizabeth Warren has proposed more than $20.35 trillion in tax increases” reports washingtonexaminer.com. Social Security tax hike: Warren has proposed increasing taxes on the income and investments of those earning over $250,000 to pay for an .This would raise taxes on American companies’ foreign profits and tax foreign companies based on their domestic sales.Below, I’ve compiled an itemized list of all the taxes we have a specific estimate for, as well as additional tax increases she has proposed for which there is no estimate, and other ways she anticipates raising…

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News 

Fisher Investments withdrawals exceed $2 billion as New Hampshire pension plan exits

“The New Hampshire Retirement System voted on Tuesday to end its $239 million relationship with Fisher Investments, bringing the total divested from the money manager in recent weeks to more than $2 billion” writes Darla Mercado for cnbc.com. Money that Fisher previously managed for the $9.2 billion retirement plan will now be spread among four other money managers. Source: cnbc.com

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News 

SEC secures lifting of stay in action against co-conspirator of Ponzi scammer Renwick Haddow

“In return for their role in selling the fraudulent investments, the defendants received commissions that totaled at least $1.4 million from the entities offering the investments” reports financefeeds.com. The defendants arranged for the sales agent network to sell the investments by using the offering entities’ false and misleading offering materials.The network of sales agents recruited by Moore and Voicetech raised over $5 million from at least 100 investors for the fraudulent investments. Source: financefeeds.com

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News 

Egyptian expat investors call on government to promote its economic reforms

“A number of Egyptian expat investors called on the Egyptian government to further promote its economic reforms globally to attract more foreign direct investments (FDIs)” writes Nihal Samir for dailynewssegypt.com. Majid Fahmy, vice president of Al Othaim Group in the Gulf states, said during his participation in the conference that Egypt enjoys a great opportunity for attracting more foreign investors following its current economic reforms. Source: dailynewssegypt.com

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Crypto News 

Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says

“American financial services company Fidelity Investments has fully launched its cryptocurrency custody service” writes Ana Alexandre for cointelegraph.com. Last fall, Fidelity specifically indicated that it would provide an enterprise-grade crypto custody service to hedge funds, family offices and financial advisors.Recently, Kathleen Murphy, personal investing president of Fidelity Investments, said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients.Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients. Source: cointelegraph.com

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News 

Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations

“With WeWork trying to raise new capital, SoftBank has proposed a further $5 billion investment in the money-losing startup, sources told Reuters this week” writes Midwest Communications Inc for 95kqds.com. Notable investments: Indian QR code payment app Paytm, online lenders Kabbage and Oaknorth and online insurance firms ZhongAn in China and PolicyBazaar in India. Notable investments: China’s Ping An Good Doctor, U.S. cancer testing firm Guardant and Swiss drugmaker Roivant Sciences.Notable investments: Coupang, Indonesian e-commerce firm Tokopedia, Indian hotel chain Oyo and online grocer Grofers, U.S. indoor farming firm Plenty…

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News 

Ken Fisher’s sexist comments have cost his company nearly $1 billion in assets

“The City of Boston is ending its relationship with Fisher Investments, pulling $248 million in pension assets from the firm” writes Darla Mercado for cnbc.com. Mayor Martin Walsh announced on Wednesday that the city would stop working with the company in light of sexist comments Ken Fisher had made at an investment conference last week. Source: cnbc.com

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