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- Back to Reality: Fintech. Energy. Security. 🌎
Back to Reality: Fintech. Energy. Security. 🌎
Uncertainty breeds skepticism
Investors are bracing for another big week of retail corporate earnings 💰
security is becoming a buzzword 🔐
+ big bets on fintech are coming back down to earth 🌏
Let's jump in 🤾♂️
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TRENDS ✨
Big Energy: The bulk of energy financiers are still pumping more money into dirty energy than low-carbon alternatives, according to BloombergNEF. (BBG)
Autonomous Note🧿
Clean energy financing by banks in the Net-Zero Banking Alliance totaled $585 billion last year. $636 billion was earmarked for fossil fuels.
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Ford's Electric Pick-Up is harming the Amazon (BBG)
🧿 Electric cars require batteries and those batteries get replaced and upgraded over time.
How many batteries can we mine out of the ground as the EV industry upgrades its tech? How helpful are consumer dollars and government subsidies re: sustainability?
We're looking for an EV expert to answer some of the questions we have re: sustainability, mining, and product life-cycle.
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After Multibillion-Dollar Fintech Binge, Wall Street Has a Write-down Hangover (BBG)
🧿 Fintech is being largely considered the most over-invested and overvalued sub-sectors in technology. The losses have been plentiful and the solutions few when it comes down to challenging traditional banking and service providers.
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Americans Are Saving $500 Million Monthly on Internet Fees (BBG)
🧿 Looks like internet policy is on the menu @ Capitol Hill.
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TECHNOLOGY: CYBERSEC EDITION 🚨
A ransomware attack on the US Marshals Service resulted in the breach of sensitive information about employees and the subjects of its investigations, the agency said.
Senior department officials called the breach a major incident. The DOJ is conducting a forensic investigation. (BBG)
🧿: We’ve said it before and we’ll say it again. Cybersecurity is a mega-trend that will continue grow from the consumer base through to enterprise. We’ve even started looking into physical (private) security for high-net-worth customers as well.
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Canada banned TikTok from government phones. It joins the US and EU in nixing the social media app, owned by Beijing-based ByteDance, for security reasons. (QZ)
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SCOTUS will consider constitutionality of Consumer Financial Protection Bureau (AX)
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DIGITAL ASSETS ⚡️
Coinbase will suspend Binance's stablecoin, saying it doesn’t meet listing standards (CD)
SEC subpoenaed Robinhood over their crypto business (CT)
CHART DU JOUR 👨🏻🍳
MEME DIGESTIF ☕️
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