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tl;dr
Jersey City Mayor Steven Fulop has announced that the city's pension fund will invest in Bitcoin ETFs, following the Wisconsin Pension Fund's inclusion of Bitcoin ETFs in its portfolio. Fulop expressed support for cryptocurrencies, emphasizing their volatility. Jersey City's pension fund is in the p...
Jersey City's pension fund is set to invest in Bitcoin ETFs, mirroring the move by the Wisconsin Pension Fund. Mayor Steven Fulop expressed support for cryptocurrency's inclusion, highlighting their volatility and the city's openness to integrating digital assets. The fund is in the process of filing papers with the SEC to allocate a percentage to Bitcoin ETFs, in line with a broader trend of institutional interest in Bitcoin across the U.S. Japanese SBI Holdings' partnership with Franklin Templeton further signals the expansion of Bitcoin ETFs and digital asset investment management.
This institutional embrace of Bitcoin aligns with statements by industry figures such as Michael Saylor and Robert Kiyosaki, who advocate for its inclusion in pension fund portfolios. With over $27 trillion managed by U.S. pension funds, the diversification into cryptocurrencies could potentially enhance returns. Despite recent bearish momentum, Bitcoin's trading volume surge indicates growing investor interest and hope for a bullish recovery, with the price swaying between $66,112.37 and $63,473.47 in the last 24 hours.
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Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Manufacturing
Sector: Motor Vehicles & Passenger Car Bodies
Market Cap: 690.01 billion
Price: $60.67
Dividend Yield: None
EPS: 3.56
P/E Ratio: 29.93
Return on Equity: 0.13
Revenue: 95.31 billion
Net Income: 203.52
Debt to Equity: -0.456
Price to Book: 0.023
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Sector: LIFE SCIENCES
Industry: LABORATORY ANALYTICAL INSTRUMENTS
Market Cap: 22.71B
Dividend Yield: None
EBITDA: None
P/E Ratio: -2.24
EPS: 5.3
Profit Margin: -0.423
Revenue: 625.448M
Stock Price: 29.57
52-Week High/Low: 0/0.05
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Description: Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. The company is headquartered in Santa Clara, California.
Sector: Real Estate & Construction, Blank Checks
Stock Symbol: 1128167000
Previous Close: -0.12
Open: 0
Bid: 0
Ask: 0
Day's Range: 11.75
52-Week Range: 0.297 - 0
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Forum Energy Technologies Inc
Forum Energy Technologies, Inc. designs, manufactures, and distributes products for the oil and natural gas industry in the United States and internationally. The company is headquartered in Houston, Texas.
Sector: TECHNOLOGY
Industry: OIL & GAS FIELD MACHINERY & EQUIPMENT
Employees: 21140
Market Cap: $2.99B
Revenue: $752.29M
EPS: -2.36
P/E Ratio: 70.19
Dividend Yield: -0.0342
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Price Change (1 Year): -0.578
52-Week High/Low: $0.071