European luxury stocks, including Hermes, Richemont, and LVMH, surged over 15% this week as Chinese officials announced stimulus measures to boost the country's economy, revitalizing hopes for increased spending on luxury goods. European luxury brands had struggled due to weak Chinese demand, but investors now expect the stimulus to revive luxury spending in China.
Open FlipThe iShares Bitcoin Trust ETF, which tracks Bitcoin's price, offers a more manageable investment option at around $37 per share, compared to Bitcoin's current value of $65,000 per coin, with benefits including lower entry costs, added security, and ease of trading through traditional brokerage accounts.
Open FlipWhile online discourse would make it seem that venture has retreated to the Bay Area, with San Francisco being the most important place to build a startup, Index Ventures is looking to bulk up its New York-based investing team. The firm is currently looking to hire another New York-based investor with plans to add three or four new people to the team within the next year.
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