February 23, 2021

Day: February 23, 2021

Ark Invest, Goldman org chat, CCIV

Hello, readers!

Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week:

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Cathie Wood made a career betting on the future

cathie wood ceo ark invest profile 2x1



David McNew/AFP via Getty; ARK Invest; Patricia De Melo Moreira/AFP via Getty; Bitcoin; Samantha Lee/Insider


Cathie Wood, the founder of ARK Invest, has amassed legions of obsessed followers. Wood has become a favorite of the Wall Street Bets crowd, and successfully kept control of her firm. Now,

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Steve Poteet named outstanding Engineer of the Year and more business news

Steve Poteet named top Engineer of 2021

Steve Poteet, a mechanical engineer who has worked for the Tennessee Valley Authority and HDR for more than three decades, was awarded the highest honor Monday by the Chattanooga Engineers Club during the start of the club’s annual Engineer Week celebrations.

Poteet, who serves as the 2021 president of the Chattanooga Engineer Club, was presented the Outstanding Engineer of the Year award for this year

Poteet is a senior project manager at HDR where he has worked for over 11 years. Previously he has 30 years of hydro and fossil power experience with

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Did you evacuate your home due to the Texas winter storms? Your insurance, or FEMA, might cover your costs

It’s important to call your insurance agent and check what your policy does and doesn’t cover. If it’s not covered by insurance, the federal government could help.

Thousands of Texans fled to hotels or outside of the region to escape the days-long power outages, water issues and other problems that cascaded across the state as winter storms rolled through the area. 

Now, many are trying to recover. 

If you or your family had to evacuate your home due to storm damage, and you have insurance, your policy might cover your costs, officials with the Texas Department of Insurance say.

Most

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Bitcoin Brokerage River Financial Raises $17M: SEC Filings

High-end bitcoin brokerage River Financial raised $17.3 million in a recent equity sale, according to documents filed with the U.S. Securities and Exchange Commission (SEC) Thursday.

Form D filings reveal two-year-old River aims to raise nearly $500,000 in additional funding for a total of nearly $17.8 million. The firm reported 34 backers in its latest filing but none of them were known at press time.

It was not immediately clear if the $17 million figure includes funds from the $5.7 million seed round River completed last July with backing from Castle Island Ventures, Slow Ventures and a slew of other

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The Money Boom Is Already Here

Speculative manias are in the air, as evidenced by the recent price surges for bitcoin, a digital asset with a fundamental value of zero, and GameStop , a declining retailer. Along with the other economic trends—a strong recovery, surging commodity prices and an uptick in inflation—those asset bubbles have a clear cause: the massive expansion of money and credit.

Yet America’s fiscal and monetary masters are turning a blind eye. They are focused solely on mending the labor market. With the fervor of messiahs, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen tell us the only way to

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Bulls’ Chandler Hutchison out indefinitely with personal issue

Bulls forward Chandler Hutchison is out indefinitely with a personal issue, head coach Billy Donovan said before the team’s matchup with the Washington Wizards Monday night.

“The conversations I have had with him have been absolutely terrific. I give him a lot of credit. He’s handled himself like a complete pro,” Donovan said. “But right now there’s some things he needs to focus on personally and that’s where his attention is at.”

Since returning from a bout with COVID-19, Hutchison, who is in his third season with the Bulls after being selected 22nd overall in the 2018 draft, has been

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