Wisdom from a crypto billionaire, plus a risk-free bitcoin trade that could pay double-digit returns

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Wisdom from a 29-year-old self-made crypto billionaire

2021 03 23T153223Z_1_LYNXMPEH2M171_RTROPTP_4_FIDELITY CRYPTOCURRENCY.JPG

In three-and-a-half years, Sam Bankman-Fried has quietly transformed from an ETF trader into a cryptocurrency legend and one of the world's youngest billionaires, with an estimated net worth of almost $9 billion.

On a recent podcast, he discussed a strategy that secured 10% daily returns on million-dollar trades. He also shared how correctly evaluating risk in cryptos can lead to moneymaking opportunities.

Read the full story here:

A 29-year-old self-made billionaire breaks down how he achieved daily returns of 10% on million-dollar crypto trades, and shares how to find the best opportunities


A risk-free bitcoin trade that could pay double digits by December

GettyImages 1231620194

Bitcoin futures are in contango, which presents a risk-free opportunity that's recently offered an 11% return for investors willing to do the legwork. The trade is designed to exploit the discrepancy between bitcoin's spot and futures prices.

We break down how it works, and experts explain why this arbitrage opportunity even exists in the first place - and is unlikely to go away anytime soon.

Read the full story here:

Bitcoin is a headache to store, and that's created an investment opportunity that could theoretically pay determined traders big risk-free returns by December


Creative strategies with value-investing legend Joel Greenblatt

Joel Greenblatt

We spoke to Joel Greenblatt, the co-CIO of Gotham Asset Management, where he averaged 50% annual returns from 1985 to 1994. He told us how he locates "creative" opportunities in a market where everyone always scrambles to buy the same things.

Read the full story here:

Investing legend Joel Greenblatt averaged 50% annual returns over 10 years. He told us his strategy for individual investors to find 'creative' opportunities in an increasingly crowded and ever-changing market.


Stock pick central

Seeking experts who are willing to name names? Look no further:

Read the original article on Business Insider

Retail Security System Market – Analysis by Type, Technology, End-Use, Application and Top Key Players by 2027 – The Courier – The Courier

Retail Security System Market – Analysis by Type, Technology, End-Use, Application and Top Key Players by 2027 – The Courier  The Courier

New Report On ICS Security Industry Market Evolving Technology and Growth Outloo – Business-newsupdate.com

New Report On ICS Security Industry Market Evolving Technology and Growth Outloo  Business-newsupdate.com

I visited the newly renovated AmEx Centurion Lounge at Las Vegas airport and it was the best way to spend a layover in Sin City

LAS Centurion Lounge
  • American Express just completed renovations on its Las Vegas Centurion Lounge, adding more than 4,000 square feet.
  • The lounge is only accessible to select cardholders, including Platinums and Centurions.
  • Complimentary food and alcohol are just some of the perks that the Las Vegas-themed lounge offers.3
  • See more stories on Insider's business page.
Las Vegas is home to one of American Express' 14 Centurion Lounges, widely considered to be the gold standard of airport lounges because of their high-end offerings including complimentary and meticulous crafted food items and alcoholic beverages.
McCarran Airport
McCarran International Airport in Las Vegas NV
The lounge is located in the airport's D gate concourse, home to United Airlines, Frontier Airlines, and JetBlue Airways, among others.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Passenger on any airline can access the lounge, however, if they have the American Express Platinum or Centurion card. American Express Delta Skymiles Reserve cardholders can also use the lounge when flying Delta or a Delta-marketed flight.
Platinum Card from American Express
I had a six-hour layover in the airport so I headed straight to the lounge. Departing passengers are normally only allowed to enter within three hours of their flight but connecting passengers are exempt from that rule.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Here's what it was like inside the Las Vegas Centurion Lounge.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
I checked into the lounge using digital check-in via the American Express mobile application and was given a QR code to show the agent. I only had to show my boarding pass and identification as the agent saw my check-in on her end.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Within seconds, I was inside one of the most exclusive clubs in Las Vegas. Greeting me was this portrait of a dog resting on an American Express trunk accompanying two black armchairs, a staple of the Centurion Lounge that can be found in every location.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
The lounge was moderately crowded and employees, as a result, were escorting guests to particular seats to help ensure distancing.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
I was asked if I wanted to sit in one of the main seating areas....
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Or the dining area. I chose the former to take advantage of the more comfortable seating.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
I was traveling alone so I was given one of these cushioned cubbies, complete with my own table.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Capacity in the lounge is limited due to the pandemic so certain seating areas are blocked.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Along the wall where I was sitting, for example, every other cubby was blocked.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
It created an extra degree of privacy and meant I had more room to store my bags, and another table to hold my laptop while I ate lunch.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Once I got settled, I headed over to the buffet to get something to eat. These lounges are known for having good eats with menus crafted from local chefs. Chef Kim Canteenwalla had designed this menu.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
The offering was quite extensive and better than what I'd seen in competing airline lounges even before the pandemic. Light options included a chopped bacon, lettuce, and tomato salad...
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Butternut squash soup...
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
And mango cranberry couscous.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Hot items included kale pesto pasta...
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Brussel sprouts...
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Meatloaf...
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
And chimichurri fingerling potatoes.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
And for desert, peach cobbler was on offer.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Healthier options included fruits like apples, pears, and bananas. Cookies and honey mustard pretzels were also on offer but not many snacks were available other than that.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
All in all, it was some of the best airport food I've ever had. Every item was bursting with flavor and made for a great meal.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
And of course, the full bar is another big selling feature of the lounge as drinks are complimentary.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
The main bar was closed but this makeshift bar still did the trick. Most common cocktails can be ordered at the bar but American Express' in-house mixologist, Jim Meehan, also crafts specialty drinks for each location.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
One such drink was the "air mail," a sparkling wine drink with rum, honey syrup, and lime juice.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Plexiglass partitions were also erected at the bar for social distancing.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
After having lunch, I walked around the more than 13,000 square foot space. American Express just recently renovated the lounge and it showed.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
The decor was very modern and very Las Vegas. It made me feel like I was in the heart of the Strip despite only being at the airport.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Large sections of the lounge were blocked off but other sections included a sprawling conference table and more private seating.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
These lounges often lend themselves well to social distancing with high-walled chairs since privacy is a huge draw for discerning travelers.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
There are even private phone rooms that are enclosed for maximum privacy.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
I also discovered somewhat of a hidden room in the back of the lounge.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
It didn't have any windows but was well-lit and has its own television.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
The lounge's family room was, however, off-limits due to the pandemic.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Roped-off areas were opened once the lounge was sufficiently crowded. It wasn't uncommon before the pandemic to see these lounges filled to the brim.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Departure information screens could also be found throughout the lounge so passengers could stay up to date on the status of their next flight.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Aviation enthusiasts will enjoy one of the seating areas near the window as a variety of aircraft can be spotted.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Hot beverages were also available with multi-beverage coffee machines capable of making anything from a standard cup of coffee to espresso, cappuccino, hot chocolate, and anything in between.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
A selection of teas was also available with hot water.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Visiting this lounge made my six-hour layover go by in what felt like an instant.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
The only downside is that it closes at 3 p.m., at which point the only other lounge available to passengers in the terminal is The Club LAS.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
But for the few hours I got to spend in the lounge, I can say that it will become a staple on my future visits to Las Vegas.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
The renovations and superior offering make it a jewel in the Centurion Lounge network.
American Express Centurion Lounge Las Vegas Airport
Inside the American Express Centurion Lounge at Las Vegas' McCarran International Airport
Read the original article on Business Insider

A fight over Trump’s SALT tax cap is threatening to derail Biden’s $2 trillion infrastructure plan

Trump Biden
President Joe Biden and former President Donald Trump.
  • A bipartisan group of lawmakers is seeking to reverse Trump's 2017 SALT tax cap.
  • The demands of the "SALT Caucus" could impact Biden's $2 trillion infrastructure package.
  • The caucus said the cap resulted in higher tax bills in New York, California, and other states.
  • See more stories on Insider's business page.

A congressional battle line was forming last week over former President Donald Trump's SALT tax cap, which is threatening to derail President Joe Biden's $2 trillion infrastructure proposal.

A bipartisan group of more than two dozen lawmakers, calling itself the SALT Caucus, formed to push for Trump's cap on tax deductions be reversed. They sought to include it as part of Biden's plan to stimulate the nation's economy.

"This issue is so critical to our state and our constituents that we will reserve the right to oppose any tax legislation that does not include a full repeal of the SALT limitation," the newly formed group said in a letter.

The caucus could cause problems for Biden as he prepares to push a massive spending bill through a deeply divided Congress. Democrats hold a slim majority in the House, adding greater weight to each vote against his plan.

For Biden to eliminate the cap as part of his spending plan, there would have to be "a discussion about how that would be paid for, what would be taken out instead," Jen Psaki, White House press secretary, said Thursday.

She added: "As you also know - just with our little calculators out - it is not a revenue raiser, and so it would add costs - and potentially significantly - to a package."

Progressive Rep. Alexandria Ocasio-Cortez seemed to be at odds with the caucus last week.

"I don't think we should be holding the infrastructure package hostage for a 100% repeal of SALT," Ocasio-Cortez, of New York, told a pool reporter.

SALT, which is part of Trump's 2017 tax cut, placed a $10,000 cap on federal deductions for state and local tax. The caucus said the cap resulted in increased tax bills in New York, California, and other high-tax states.

Eliminating the cap would likely lower taxes for the wealthy, who could claim higher deductions on their federal returns. But it could also raise the cost of Biden's plan, making it more difficult for House Speaker Nancy Pelosi to usher the plan through the House.

New Jersey's Rep. Josh Gottheimer, a member of the new caucus, also spoke out. He said it "it is high time that Congress reinstates the State and Local Tax deduction, so we can get more dollars back into the pockets of so many struggling families - especially as we recover from the pandemic."

Read the original article on Business Insider

Bitcoin plummets more than 10% to less than $55,000 in its biggest drop in months, just days after reaching a record $64,800

GettyImages 1231620194
Bitcoin climbed on Thursday morning
  • Bitcoin slipped 10.8% in the 24 hours to Sunday morning.
  • It was the biggest single-day drop since February, Bloomberg reported.
  • Reports attributed the drop to speculation the US Treasury may scrutinize digital currencies closer.
  • See more stories on Insider's business page.

Bitcoin tumbled to its biggest single-day drop since February over Saturday, just days after reaching a record high, Bloomberg reported.

Bitcoin fell 10.8% in the 24 hours to Saturday 7am ET, from $61,396 to $54,750. At one point, it reached a low of $51,300 after it dropped more than $7,000 in a single hour, before partially recovering.

Several online outlets attributed the drop to speculation the US Treasury may take action against money laundering conducted through digital assets, per Bloomberg and Coinbase.

Bitcoin hit a record high of $64,869.78 on Wednesday ahead of the stock-market debut for the cryptocurrency exchange Coinbase Global Inc. on the Nasdaq.

Bitcoin has faced more regulatory scrutiny in recent months. Turkey's central bank said on Friday that it would cease the use of cryptocurrencies as a valid form of payment from April 30. The move caused Bitcoin to slip as much as 5%.

The bank said the anonymity of digital brings the risk of "non-recoverable" losses.

In March, Insider reported that India was likely to ban bitcoin and fine anyone who buys, holds, or sells any form of digital currency.

While concerns linger over the risks associated with bitcoin, some companies are embracing the cryptocurrency: Paypal and Xbox, for example, are beginning to accept bitcoin as payment, and Wall Street firms such as Morgan Stanley are considering stakes in the digital token so they can give their wealthiest clients access to the crypto market.

Read the original article on Business Insider

Do allies still have strong trust in US security commitment? – Global Times

Do allies still have strong trust in US security commitment?  Global Times

Global Artificial Intelligence (AI) in Security Market 2021-2025: Amazon.Com, Inc., Fortinet, Google (Alphabet Inc.), IBM Corporation, Intel Corporation, Micron Technology Inc., Nvidia Corporation, Palo Alto Networks Inc. – NeighborWebSJ

Global Artificial Intelligence (AI) in Security Market 2021-2025: Amazon.Com, Inc., Fortinet, Google (Alphabet Inc.), IBM Corporation, Intel Corporation, Micron Technology Inc., Nvidia Corporation, Palo Alto Networks Inc.  NeighborWebSJ

Operational Technology Security Market is Expected to Deliver Higher Revenue in Next 5 Years – Clark County Blog – Clark County Blog

Operational Technology Security Market is Expected to Deliver Higher Revenue in Next 5 Years – Clark County Blog  Clark County Blog

Operational Technology Security Market is Expected to Deliver Higher Revenue in Next 5 Years – Clark County Blog – Clark County Blog

Operational Technology Security Market is Expected to Deliver Higher Revenue in Next 5 Years – Clark County Blog  Clark County Blog