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Cathie Wood Continues To Trim Tesla Stake, Selling Another $66M Worth Of Shares
Ark Invest on Tuesday further lowered some of its exposure in Tesla Inc, booking profits in the stock as it showed some signs of recovery in the recent days after months of dull performance.
Amazon, Facebook And 5 Other Internet Companies To Play The Top Tech Themes For 2021 And Beyond
Analyst Eric Sheridan identified the top 10 themes for the U.S. internet sector that could fuel growth in some of these stocks in 2021 and beyond.
5 Headlines From This Weekend You May Have Missed
Cathie Wood’s Ark Completely Exits All Alibaba Positions, Continues Piling Up Stake In This Chinese Rival
Cathie Wood-led money managing firm Ark Invest on Friday shed all of its exposure in Chinese e-commerce biggie Alibaba while continuing to snap up shares in rival JD.Com.
4 Ways Congress Could Move Markets In September
When the U.S. Congress returns from its summer recess in September, it will face four major market-moving issues right out of the gate.
Cathie Wood’s Ark Nearly Erases Alibaba Stake, Sells $3M In Google
Cathie Wood’s Ark Invest now holds just about 700 shares in Alibaba Group Holding after the money managing firm on Wednesday further reduced its exposure in the e-commerce giant.
Attention Biotech Investors: Mark Your Calendar For September PDUFA Dates
Here’s a look at what’s ahead in September. Mark Your Calendar For September PDUFA Dates.
Pinduoduo Better Positioned Than Alibaba, Other Rivals In China: Why Cathie Wood’s Ark Is Bullish
Pinduoduo Inc is better able to improve its relationship with the Chinese government compared to rivals such as Alibaba and JD.com, according to Cathie Wood-led asset management firm Ark Invest.
GameStop Powers Up For Bullish Break, Institutions Hammer Calls
GameStop Corporation GME surged 35% higher at one point Tuesday afternoon and slammed into a resistance level at the $277 mark.
PayPal Launches Crypto Trading In The UK
According to a press release on Monday, PayPal has opened up crypto trading for its customers based in the U.K., allowing them to buy, sell and hold cryptocurrencies beginning this week.
SEC Charges 3 Former Netflix Software Engineers With Insider Trading
Three Netflix Inc engineers and two others were charged by the U.S. Securities and Exchange Commission with insider trading on Wednesday.
Palantir’s Unusual Investments In SPACs And Gold: What You Need To Know
Palantir has been forging unique relationships with startup companies, using the investment route to bring them under its client umbrella.
Why Regulatory Risk Is A Silver Lining For Apple And Google
The threat of regulation has been looming over big tech giants. The end result of regulation is not automatically negative for big tech, given unintended consequences often occur when incentives change.
Chip Shortage In Focus With US Automakers
Coinbase Joins Google, Salesforce Among Most Active Venture Capital Investors
Coinbase Global Inc’s venture funding arm Coinbase Ventures was the third-most active corporate venture capital fund in the first half of 2021, according to data compiled by CB Insights, which keeps a track on private investments.
Apple Supplier Foxconn To Buy $90.7M Wafer Fab In Bid To Ramp Up EV Foray
Apple Inc supplier Hon Hai Precision Industry Co., Ltd, also known as Foxconn, said Thursday that it was buying a semiconductors plant from Macronix International in a deal worth $91 billion.
Cathie Wood’s Ark Invest Sells Another $5.7M In Tesla
Cathie Wood-led Ark Invest on Wednesday shed less than half a percent of its position in Elon Musk-led Tesla as the shares of the electric vehicle company climbed.
Why An S&P 500 Buyback Boom Could Be Just Around The Corner
Is the burst of earnings growth likely be a huge increase in S&P 500 share buybacks? In 2018 and 2019, 99% and 93% of S&P 500 net operating profits went to either dividends or buybacks.
Alibaba Rival JD Plans A Gaming Foray: What You Need To Know
Chinese e-commerce player JD.com Inc
is pumping in money in its gaming business to ensure it becomes the go-to place for young customers to shop all gaming-related goods, CNBC reported on Monday, citing a company executive.
Can The US Infrastructure Bill ‘Kill’ Major Cryptocurrencies Like Bitcoin, Ethereum, Dogecoin?
The updated bipartisan infrastructure bill under debate in the Senate, which will be financed in part by cryptocurrency transactions, now specifies that only persons that provide digital asset transfers would be treated as brokers.
Nokia Reports Q2 Earnings Beat: Is The Underdog Firmly Back In 5G Race?
Nokia Oyj NOK on Thursday reported second-quarter results that beat analysts’ estimates and also raised its full-year net sales outlook.
Goldman Sachs Files An ‘Innovate DeFi And Blockchain’ ETF
Wall Street giant Goldman Sachs Group Inc (NYSE:GS) plans to launch a new investment product that will give investors exposure to the DeFi and blockchain industry.
Snapchat, Twitter-Backed Indian Social Media Unicorn Raises Another $145M
Indian social media startup ShareChat has raised $145 million in its latest funding round, it said in a statement late Monday, as reported by Reuters.
Bitcoin Teases $40,000 — Are We Seeing A Short Squeeze?
Bitcoin (CRYPTO: BTC) is reportedly ripe for a short squeeze as bullish sentiment picks up and prices move towards the middle point of the $30,000 range.
Is Now The Time To Buy Into Nvidia, AMC, Or GameStop?
These stocks (NVDA,AMC,GME) are seeing high retail investor interest on social media at press time early Tuesday.
Neighborhood Social Media Platform Nextdoor Lands SPAC Deal With Khosla: What Investors Should Know
The SPAC Deal: Nextdoor announced a deal with Khosla Ventures Acquisition Co. II (KVSB) that values the company at a pro forma equity value of $4.3 billion.
Walmart Indian Unit That Rivals Amazon Raises $3.6B In Fresh Capital
Walmart-owned Indian e-commerce retailer Flipkart said on Monday it has raised $3.6 billion from a consortium of investors including Japan’s SoftBank Group.
3 Reasons To Stay Bullish On Stocks In The Second Half Of 2021
Bank of America analyst Stephen Suttmeier took a look back at the S&P 500’s historical performance and found at least three reasons history suggests investors should still feel comfortable buying stocks heading into the second half of the year.
Universal Pictures Strikes Pay-One Deal With Peacock In A Blow To HBO
Comcast Corp.’s movie studio Universal Pictures has entered into a multi-year deal with sister streaming service Peacock to exclusively stream its new films within four months of their theatrical debut.