Why UBS is telling investors to forget Europe’s ‘tired caricature’ and buy its stocks
Value trap no more, European stocks are of high quality and underowned, say UBS strategists. Source：MarketWatch
Bitcoin climbs as oil tops $100, equities drop after Iran strikes
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.…
GameStop now generates more revenue from collectibles than video games
The original meme stock is not the company that was famously portrayed in the movie “Dumb Money.” Source：MarketWatch
Silvergate ex-CEO blames Biden pressure for bank’s 2023 wind-down
Alan Lane said a “coordinated attack” by the Biden administration made Silvergate’s continued operation untenable and prompted its liquidation.…
Iran eases currency controls to let traders bring earnings home in crypto: FT
Exporters can use overseas earnings to fund imports directly, bypassing the official foreignexchange system, the FT reported. Source：CoinDesk
Singaporean 22-year old pleads guilty to being the ringleader in $245 million crypto fraud case
Malone Lam, a Miami resident charged with stealing 4,100 bitcoin, led a ring of fraudsters who stole crypto via online scams and home invasions. Source：CoinDesk
‘We fear financial exploitation’: Who will manage our finances if my wife and I become incapacitated?
“We have witnessed our parents’ gradual decline in cognitive ability.” Source：MarketWatch
How fashion designer Marc Jacobs renovated a $9 million Frank Lloyd Wright house
Marc Jacobs might be best known for his catwalk creations, but in 2019, he took on the ambitious project of overhauling a $9.17 million Frank Lloyd…
‘The View’ host Joy Behar finally sells Hamptons house for about half the original asking price
“The View” host Joy Behar has officially offloaded her longtime Hamptons home for $5.65 million—more than $5 million below her original asking price.…
Bessent says ‘I am the house now.’ What it means for the yen — and U.S. stocks.
Treasury Secretary Scott Bessent has never been accused of being a wallflower, but speaking in front of Southern Methodist University’s business school on…
Brent crude reaches $100 as war in Iran intensifies
Oil prices advanced on Thursday after the U.S. said it destroyed five Iranian crude oil vessels. Source：MarketWatch
India’s financial intelligence unit flags 15 crypto platforms for AML lapses
The Financial Intelligence UnitIndia (FIUIND) issued noncompliance notices to what it calls virtual digital asset service providers. Source：CoinDesk