Latest news with #Mandell
Yahoo
27-05-2025
- Business
- Yahoo
Veteran hedge fund manager claims he is 'Bit Wiser' after misstep
Josh Mandell, a longtime Wall Street trader with a track record in government bonds and short-dated options, as well as experience in leading hedge funds, has provided an interesting note this morning, offering a rare glimpse into his investment in crypto — and it has raised a few eyebrows. Mandell posted on May 27, a screenshot that showed a 2.1 million dollar position in the Bitwise Bitcoin ETF (BITB), with a "tiny" gain of $1,491.80 on the day. His post on X read, "I've made some bad choices when deciding how to invest in Bitcoin, but today I'm a Bitwiser." Bitwise is one of the largest firms providing exposure to Bitcoin via a regulated exchange-traded fund (ETF), so there is no need for traditional investors to invest in crypto assets directly, such as wallets and private keys. Mandell's investment, as shown in the image, consisted of 35,000 shares in the ETF at an average purchase price of $59.98, corresponding to a current trading price of $60.02 for BITB. A $1,491.80 gain is not notable in isolation, but concerning his $2.1 million investment capital, a 0.07% gain signals Mandell's level of interest in Bitcoin as a long-term store of value. Josh Mandell has a lengthy history of working in fixed income trading, options trading, and the hedge fund space, serving as a director and head of Caxton Associates, a high-profile investment firm specializing in fund management. His public embrace of a Bitcoin ETF is indicative of an increasing interest in digital assets among traditional finance veterans. For retail investors, this represents yet another sign that Bitcoin is slowly but surely becoming a deserving member of the financial mainstream. Veteran hedge fund manager claims he is 'Bit Wiser' after misstep first appeared on TheStreet on May 27, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Veteran hedge fund manager claims he is 'Bit Wiser' after misstep
Josh Mandell, a longtime Wall Street trader with a track record in government bonds and short-dated options, as well as experience in leading hedge funds, has provided an interesting note this morning, offering a rare glimpse into his investment in crypto — and it has raised a few eyebrows. Mandell posted on May 27, a screenshot that showed a 2.1 million dollar position in the Bitwise Bitcoin ETF (BITB), with a "tiny" gain of $1,491.80 on the day. His post on X read, "I've made some bad choices when deciding how to invest in Bitcoin, but today I'm a Bitwiser." Bitwise is one of the largest firms providing exposure to Bitcoin via a regulated exchange-traded fund (ETF), so there is no need for traditional investors to invest in crypto assets directly, such as wallets and private keys. Mandell's investment, as shown in the image, consisted of 35,000 shares in the ETF at an average purchase price of $59.98, corresponding to a current trading price of $60.02 for BITB. A $1,491.80 gain is not notable in isolation, but concerning his $2.1 million investment capital, a 0.07% gain signals Mandell's level of interest in Bitcoin as a long-term store of value. Josh Mandell has a lengthy history of working in fixed income trading, options trading, and the hedge fund space, serving as a director and head of Caxton Associates, a high-profile investment firm specializing in fund management. His public embrace of a Bitcoin ETF is indicative of an increasing interest in digital assets among traditional finance veterans. For retail investors, this represents yet another sign that Bitcoin is slowly but surely becoming a deserving member of the financial mainstream. Veteran hedge fund manager claims he is 'Bit Wiser' after misstep first appeared on TheStreet on May 27, 2025
Yahoo
23-05-2025
- Health
- Yahoo
Nevada sees rise in drug overdose deaths in contrast with rest of U.S.
LAS VEGAS (KLAS) – A new Centers for Disease Control (CDC) report shows Nevada is one of two states that saw a rise in predicted drug overdose deaths in 2024. 'Somebody had heroin,' Giuseppe Mandell recalled. 'And they shot me up.' Mandell shared his journey through addiction. 'I was a good kid at Bishop Gorman,' he recalled. 'I never had detention or my shirt untucked.' It all started with pain pills after a high school football injury and spiraled out of control, he told 8 News Now. 'I was an all-state athlete there,' Mandell said. 'I never would have thought that I'd be on drugs.' Mandell said his life wasn't his own for years, and he even ended up living on the street until he made a change six years ago. 'Just being sick and tired and sick and tired,' Mandell said. 'And I finally got sober after a long time.' He told 8 News Now he now uses the power of his story, working with Optima Healing and Recovery, to help others still struggling. 'You'd be surprised at the calls I get on a daily basis,' Mandell said. 'Just so many people that are your neighbors, your physicians, your politicians, all the way to the person who just gave money on the street.' The CDC released its latest numbers of drug overdose deaths by state. Nevada saw 1,492 predicted cases in 2024, a 3.47% increase from the previous year. This is a contrast from the rest of the country, which was listed as a 26.9% drop on average. 'Keep in mind, it's an unwinnable war,' Mandell said. 'We just have to keep winning in each individual battle.' He told 8 News Now that tackling the trend isn't easy, but it starts with family and community support. 'The biggest thing is access to care,' Mandell said. 'And knowing where to go and how to get it.' He encouraged education and asked anyone who could to carry Narcan and take action when the worst happened, all to make a difference and save lives. 'Now it's fentanyl. Then you got xylazine,' he said. 'Then you got god knows what comes next.' The other state that saw an uptick was South Dakota, which recorded a 2.3% jump in predicted overdose deaths. Mandell told 8 News Now that first responders and medical professionals make a significant difference in addiction situations as their skills and training adapt over time. Drug overdoses remain the leading cause of death for Americans ages 18 to 45. Overdoses involving Fentanyl remain a main driver, as overdoses of the synthetic drug have become more common than heroin and other opioids. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-05-2025
- Yahoo
Unity in Community to honor correction officers
ELMIRA, N.Y. (WETM) – Community leaders are hosting an event this weekend to let correction officers know how grateful the community is for them. This event is the seventh Unity in Community event. Hosted by Elmira Mayor Daniel Mandell and Dr. Stephen Coleman, the event has previously focused on law enforcement but is focusing on correction officers. Over the winter, officers went on strike for better working conditions, and many were fired for not going back to work. 'They have a dangerous job. They have to maintain the safety and security of the facility as well as maintain the safety of inmates, civilians and themselves. So, this is a way for us to let the community know that we are grateful for everything they do,' said Mayor Mandell. The statewide 22-day strike saw over two thousand officers fired. Organizers say this event isn't just about local recognition. It is about showing support for all correction officers. 'When we talk about honoring corrections officers you talk about honoring the corrections officers that work in Elmira, but also throughout the state of New York and also those that work in corrections in Pennsylvania,' said Dr. Coleman. Organizers say they hope those in attendance walk away with a better understanding and appreciation for correction officers. 'The dangerous job of a correction officer and the fact that they go out there every day, and sometimes they don't know what time they're going home, sometimes they get stuck over on what we call a double. Just the hard work they do and the hard job they have. I hope they get that and understand that, ' added Mayor Mandell. The rally is on May 17th at 1 p.m. at the Empire Sports Complex in downtown Elmira. Admission is free. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Boston Globe
07-05-2025
- Business
- Boston Globe
Xfinity overbilled her for extra phones since 2023. Why was it so difficult to fix?
Mandell, who is in her 70s and lives in Bolton, said a young Xfinity representative at the store studied her bill for a while and then announced, 'Something's not right.' Advertisement The representative explained that Mandell was billed for four phones, not two, for an extra $60 per month. The old phone Mandell had exchanged? She was still paying for service on it. And her husband's? He had left it in some forgotten corner of the house. But she was paying for service on it too. Xfinity's erroneous monthly billing, dated to 2023, meant she had paid an extra $1,200 for two phones not in use. The representative urged her to insist on a credit for $1,200, Mandell told me in an email asking for help. But Mandell's demands for a credit were stymied by what Xfinity called its '120-day rule' — that it could give wronged customers credits only for the most recent three months, no matter how far back the overbilling began. That limited her refund to $180. Advertisement Mandell protested but Xfinity dug in its heels, even saying the overbilling was her fault. 'It was mind-boggling that they would bill us for phones that were clearly not in use,' she said. 'And then they refused to give us a credit.' The resolution : I wrote to Xfinity with a copy of Mandell's detailed and lucid account of what happened, saying I thought she had a 'legit' complaint. The same day, Mandell got a call from Xfinity's corporate office. 'I almost fell off my chair when Xfinity told me I would get a $1,200 credit,' Mandell told me. Xfinity told me: 'This should not have happened and we apologize.' The takeaway : The 120-day rule I found on Xfinity's website applies to the purchase or rental of movies and TV shows when customers encounter technical problems, but there was no indication it applies to phone service. Should Mandell be penalized for not discovering the discrepancy earlier? Billing accuracy should have been Xfinity's responsibility, not hers. Mistakes happen. What I fault Xfinity for is not immediately admitting its mistake and making Mandell whole. Xfinity got paid for something she didn't ask for, didn't want, and didn't get. It would be improper for Xfinity to profit from its mistake. The lesson in all this? When you know you are right, persist, persist, persist. And don't be dissuaded by some silly 'rule' thrown in your way. Future of Direct File? The Internal Revenue Service is going through some big changes under the Trump administration. JIM WATSON/AFP via Getty Images Advertisement But the Internal Revenue Service is going through some big changes under the Trump administration. About one-third of its 100,000 employees are expected to resign or be laid off by the end of the year. One of the casualties may be Direct File. The Associated Press reported last week that the program will be eliminated, citing two people familiar with the decision. So stay tuned. More National Grid confusion Last winter, National Grid failed to send timely bills to about 35,000 customers in Massachusetts. David L. Ryan/Globe Staff Last winter, National Grid failed to send timely bills to about 35,000 customers in Massachusetts, National Grid publicly apologized for its administrative lapse and quickly agreed to write off amounts owed for the oldest periods when customers got no bill. For example, customers who went six months without being billed would be required to pay what they owed only for the most recent two months. But apparently some customers nevertheless got billed for the full amount, prompting one reader to write to me asking for clarification. 'We just received a $2,138.31 bill for five months of charges going back to Nov. 1,' the reader wrote. 'Should I contact National Grid or just 'suck it up' and pay the total when we can?' No, don't pay the full amount, I replied. It's a mistake. Call National Grid and cite the DPU order. In an email to me, National Grid reiterated its commitment to the write-off and said it would communicate directly with impacted customers. I ask who would ultimately pay for the write-off — ratepayers or shareholders? Advertisement 'That will be reviewed and determined at a future date,' a spokesperson said. Refund in loan at exorbitant interest rate The subject (left), who has schizophrenia, borrowed $500 from an online lender at a high interest rate. His father (right) tried to help him. Brett Phelps for The Boston Globe Last month, The father said his son took the loan without his knowledge, then came to him for help when he struggled to keep up with the interest-only payments of $150 every two weeks. After the column was published, Clear Air refunded the son $728.50 in interest and fees, according to the father. 'We're quite grateful to have this resolved,' said the father, who asked that neither he nor his son be identified in this column, to protect the son from being a target of online scams. Got a problem? Send your consumer issue to
