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Peter L. Supino's Newsletter Archive

Wed, Feb 24 2021

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Hello and welcome to my Nuzzel newsletter! Peter L. Supino
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MicroStrategy buys more than $1 billion worth of bitcoin, adding to massive holdings
CNBC – Kevin Stankiewicz – Feb 24, 6:01 AM

Published Wed, Feb 24 2021 9:01 AM EST MicroStrategy announced Wednesday it has bought just over $1 billion worth of bitcoin. The purchase of 19,452 bitcoins puts the company's total holdings of the digital token at 90,531. MicroStrategy announced…

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Democrats' Minimum-Wage Push Hinges on Senate Ruling
The Wall Street Journal – Andrew Duehren – Feb 24, 5:19 AM

WASHINGTON—A decision on whether raising the minimum wage as part of President Biden's $1.9 trillion relief package is acceptable under the Senate's rules is expected as soon as Wednesday, kicking off what could be a fraught negotiation…

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Tax Hikes for High Earners Are on the Table in Some States
The Wall Street Journal – Karen Langley – Feb 24, 2:30 AM

State officials across the U.S. have grappled for months with the budgetary effects of the coronavirus pandemic. Now, some governors are proposing tax increases. Prominent proposals include calls to raise billions of dollars across several states…

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Cathie Wood's Flagship Fund Suffers Biggest Outflow on Record
Bloomberg – Sam Potter – Feb 24, 2:31 AM

Investors pulled $465 million from ARKK in a day, data show Fund just recorded worst two-day decline since September Photographer: Alex Flynn/Bloomberg Investors have pulled the most cash ever from Cathie Wood's flagship exchange-traded fund amid…

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