• Ark's Cathie Wood says Tesla and Square are on the 'right side of change' after investing in bitcoin, but widespread adoption of the digital token will take more time

    12 days ago - By Business Insider

    Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs of the last three years.
    ARK Invest
    Ark's Cathie Wood told CNBC Tesla and Square made the right decision to invest in bitcoin. However, she said bitcoin will need to mature before more corporations flock to the popular cryptocurrency. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Ark Investment Management founder Cathie Wood praised Tesla and Square's decision to invest in bitcoin, but said a widespread corporate adoption of the cryptocurrency...
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  • A botched wire transfer resulted in 'one of the biggest blunders in banking history.' Here are 4 key takeaways from Citigroup's $893 million mistake

    12 days ago - By Business Insider

    Citi trader Thomas Ferrigno works in his company's booth on the floor of the New York Stock Exchange in New York City, U.S., July 27, 2016.
    Brendan McDermid/Reuters
    A federal judge ruled on Tuesday Citigroup would not be able to recoup its $501 million mistake.
    The New York judge's ruling calls the accident "one of the biggest blunders in banking history."
    We read through the 101-page court document to find four key takeaways.
    Visit the Business section of Insider for more stories .
    A federal judge ruled Tuesday that Citigroup will not be able to recoup half a billion dollars of its own...
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  • Stanley Druckenmiller's family office dumped more than $100 million of Netflix stock and boosted cybersecurity investment by more than 400% in the 4th quarter

    12 days ago - By Business Insider

    Stanley Druckenmiller, Chairman and CEO of Duquesne Family Office LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016.
    REUTERS/Brendan McDermid
    Stanley Druckenmiller's family office dumped over $100 million of Netflix stock in the fourth quarter. 13F filings also show the Duquesne Family Office increased its stake in cybersecurity company Palo Alto Networks by 457%. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Billionaire investor Stanley Druckenmiller is betting big on tech stalwarts and cybersecurity, but sold some of the IT...
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