Forbes InvestorInvesting NewslettersTaesik YoonForbes StaffForbes InvestorInvesting NewsletterView Full PortfolioNov 13, 2024,05:28pm ESTUpdated Nov 13, 2024, 05:28pm ESTPerdoceo Education (PRDO) had another fantastic quarter. Due to the expected lag impact from the 2023 operational changes at its American InterContinental […] Read the full article here

After a record surge brought the price of bitcoin above $90,000 for the first time and pushed the total value of all digital assets past $3.2 trillion, crypto’s wealthiest are seeing their net worth soar. Forbes estimates that 11 top crypto billionaires, whose holdings largely consist of liquid tokens and stocks, have collectively added $38 billion to their fortunes in 2024. Some $24 billion, or 63% of the total increase, occurred after September 1 as the industry became increasingly bullish on Donald Trump’s ultimate victory in the presidential election on November 5. Regarding percentage gains, the biggest winners were the…

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In a world where change happens gradually, then all at once, certain CEOs have demonstrated an extraordinary ability to not just navigate but thrive amid technological upheaval and market volatility. What distinguishes truly exceptional chief executives from their peers? There are four crucial criteria: building unassailable competitive advantages, successfully navigating existential challenges, developing strong leadership pipelines, and demonstrating superior capital allocation skills. Jeff Bezos and Satya Nadella exemplify these qualities in distinctly different ways. Bezos, though no longer CEO but still Amazon’s executive chairman, created perhaps the most formidable moat in modern business history. Amazon’s flywheel model combines Prime membership,…

Tencent Q3 Earnings Overview Tencent reported Q3 financial results after the Hong Kong close that met analysts’ Q3 revenue expectations while beating on adjusted net income and adjusted EPS. The company’s strong margins, profitability, and cash flow generation stand out. Results were driven by the strong year-on-year (YoY) growth of domestic game revenue +14% to RMB 37.3B versus international game revenue +9% YoY to RMB 14.5B. Marketing Services (formerly Online advertising) grew +17% to RMB 30B in a positive signal for the company but also for the Chinese economy. There is no reason to advertise if no one is buying.…

Team Name: The Stackman | Casriel Group Firm: UBS Private Wealth Management Senior Members: Scott Stackman, Lyle Casriel, Larry Evans, Matthew Klein Location: New York, NY Team Custodied Assets: $9.5 billion Background: Natives of Long Island and Manhattan, respectively, Scott Stackman and Lyle Casriel have worked together for nearly two decades. Stackman first got his chops as an advisor working at Lehman, where he spent a decade before leaving to join UBS in 2008. Casriel, meanwhile, joined Lehman as an intern in 2005 where he first met Stackman and joined UBS a few months after him. Now with 18 members…

Team Name: Oberlander Timmerwilke Group Firm: Merrill Wealth Management Senior Members: Sharon Oberlander, Andy Timmerwilke, Thomas Ratos Location: Chicago, IL Team Custodied Assets: $2.2 billion Background: Growing up in Canada, Sharon Oberlander always wanted to be a social worker, double majoring in psychology and sociology at the University of Manitoba. After moving to the United States, she took a job in banking as she looked for a role in social work. She quickly began to enjoy working with clients and decided to become a financial advisor, joining Merrill in 1978 as one of the early women in the industry. Her…

Most in traditional finance have long considered cryptocurrency a joke. Now legions of young meme coin traders are leaning into the absurdity, translating their financial nihilism into a booming—if perilous—$100 billion market. By Nina Bambysheva with Steven Ehrlich, Forbes Staff “We’re going to Miami! We’re gonna have a Lambo!” Oliver Szmul, a 16-year-old college student from London, could hardly contain himself, his voice cracking with excitement. It was mid-May, and he had just watched a cryptocurrency called Jail Cat that he and his friends whipped up in a burst of inspiration a couple of weeks prior soar to a $1.9…

Trading cute and silly meme coins may fun, but the platforms these crypto lottery tickets trade on are often infested with dangerous sharks. Blockchain analytics firm Webacy specializes in sniffing out meme coin scams. Below are their top three warning signs: Concentrated Holders If the top 10 wallets in a meme coin own more than 20% of the total supply the risk of rug pull is extremely high, according to Maika Isogawa, CEO of Webacy. There are numerous examples of tokens crashing in a matter of hours after getting posted on a top decentralized exchange such as Raydium. Isogawa points…

Only a fearless investor has gone anywhere near the lithium industry this year, but the latest round of mine closures could be a sign that the bottom is close with a bounce to come in the new year. Besieged Australian lithium producer Mineral Resources is the latest to pull the plug on a loss-making project, announcing earlier today the closure of its Bald Hill mine in Western Australia with the loss of up to 300 jobs. Another Mineral Resources lithium mine run in joint venture with Albemarle Corporation, the leading U.S. producer of the metal, is on notice that it…