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• In a hopeful sign for tech diversity, Harlem Capital raised $134 million for its second fund, blowing by its target in just 6 months Summary List PlacementHarlem Capital, a Black-led VC firm focused on backing founders from diverse backgrounds, has just raised a new fund.The firm announced in a blog post on Wednesday that it had raised $134 million for its second fund. That amount exceeded its goal of $100 million and its initial cap of $125 million. TechCrunch previously reported the news. Harlem Capital, named for the New York neighborhood where it is based, began in 2015 as a syndicate of angel investors.…
• The best Capital One credit cards of 2021 — whether you want travel rewards, cash back, or an intro APR offer  Summary List PlacementTable of Contents: Masthead StickyThe best Capital One credit cards of 2021: Category Best Capital One credit card Best for travel rewards: Capital One® Venture® Rewards Credit Card Best for cash back: Capital One® Quicksilver® Cash Rewards Credit Card Best for dining and entertainment: Capital One® Savor® Cash Rewards Credit Card Best for intro APR: Capital One® SavorOne® Cash Rewards Credit Card Best business card for cash back: Spark® Cash from Capital One® Best business card for travel:  Capital…
• Another Archegos-like hedge fund implosion is highly likely and could come out of nowhere, Guggenheim's Scott Minerd says Summary List Placement Guggenheim's Scott Minerd said financial markets may be in for yet another hedge fund implosion. "It is highly likely that we are going to have another situation like that," he said of the Archegos meltdown. Minerd expects family offices and the SPAC market to face more regulatory oversight. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Guggenheim's global chief investment officer Scott Minerd told Bloomberg in an interview on Monday that another…
• UK launches ocean camera network to protect marine wildlife The cameras will moniter sea creatures like loggerhead turtles. (Credit: Mark Conlin/VW PICS/UIG via Getty Image)A world-first network of underwater camera rigs is being rolled out across UK Overseas Territories to help protect sealife. The cameras, which the Government says will make up the world’s largest wildlife-protecting ocean monitoring system, will track fish and other sea creatures in the Caribbean, South Atlantic, Indian, Pacific and Southern Oceans. Known as ‘baited remote underwater video systems’ (BRUVS), the cameras will film and…
• Pritzker closes book on mobile sports betting registration Workers are pictured in March 2020 at the sportsbook at Rivers Casino in Des Plaines. Bettors have been able to register to gamble on sports from their mobile devices for most of the pandemic, but that ends this weekend. | Ashlee Rezin Garcia/Sun-TimesAn executive order from Gov. J.B. Pritzker allowed Illinoisans to register to gamble on sports from their phones for most of the pandemic, but that’ll end Sunday. Would-be bettors beware: For any Illinois sports fans who don’t feel…
• Maxim Partners with Carousel Group to Launch MaximBet Carousel Group—a privately-held licensed sports betting and casino operator—is forming a global strategic partnership with Maxim called MaximBet. MaximBet will encompass a market-leading sports betting and casino website at MaximBet.com and tailor-made native iOS and Android apps that will allow users to bet on sports and casinos in the U.S. and around the world.  The new venture will leverage Maxim’s integrated network of print, digital, social and experiential platforms to engage the loyal Maxim community and sports bettors alike. “Maxim…
• New York's move to recreational cannabis will give the state's 10 existing operators a big leg up — and that could be good news for investors Summary List PlacementAs New York's adult-use cannabis regulations shape up, the 10 companies that entered the state as medical operators are set to be the clear winners. Last week, New York lawmakers reached a deal to legalize marijuana. Text of the bill was released on Saturday and a vote is expected to happen this week, making New York the 15th state to legalize cannabis. The language of the bill emphasizes social equity (it has a goal of 50% of licenses…
• Millionaire New Yorkers could soon be paying the highest taxes in the country Summary List PlacementNew York City millionaires are about to fall under the highest tax rate in the country. Gov. Andrew Cuomo and state legislative leaders are coming close to agreeing on a 2022 budget proposal that would create an extra $4.3 billion a year by raising income and corporate taxes, The New York Times' Luis Ferré-Sadurní and Jesse McKinley reported. The proposal calls for two new personal income tax brackets set to expire by the end of 2027, per exclusive details given…
• Archegos imploded and wiped billions off the market, turning the spotlight on the virtually unregulated family office sector industry. Experts spell out how the damage was done. Summary List Placement The dramatic implosion of Archegos Capital Management has turned the spotlight on family offices. These usually conservative financial institutions are effectively unregulated, but that can be risky. Archegos blew an estimated $10 billion hole in some banks, using leverage and derivatives. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Family offices sound innocent, but one just blew an estimated $10 billion hole in some of the world's biggest banks. Bill Hwang's Archegos…
• Croatian tennis player sells section of her own body as ‘digital collectible’ NFT Oleksandra Oliynykova is selling a patch of skin that the highest bidder can win as an NFT (Photo: Oleksandra Oliynykova)A professional Croatian tennis player has adopted an unusual form of sponsorship – selling a piece of her own body as a non-fungible token (NFT), the ‘digital collectible’ that has exploded in popularity. 20-year-old Oleksandra Oliynykova auctioned off exclusive lifetime ownership of a 15cm section of skin on her inside elbow on NFT marketplace OpenSea. Now, for the price of $5,000,…