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Major Buys ARKK bought 148508 shares of Fate Therapeutics (FATE) ARKK bought 327030 shares of Beam Therapeutics (BEAM) ARKK bought 134399 shares of Zoom Video (ZM) ARKK bought 62847 shares of Exact Sciences Corp (EXAS) ARKK bought 305000 shares of Berkeley Lights (BLI) ARKK bought 226209 shares of Teladoc Health (TDOC) ARKK bought 1988000 shares […]
Major Buys ARKK bought 191434 shares of Exact Sciences Corp (EXAS) ARKK bought 154347 shares of Berkeley Lights (BLI) ARKK bought 80651 shares of Beam Therapeutics (BEAM) ARKK bought 255621 shares of Zoom Video (ZM) ARKK bought 111041 shares of Teladoc Health (TDOC) ARKQ bought 235110 shares of Blade (EXPC) ARKQ bought 434479 shares […]
Major Buys ARKK bought 111041 shares of Teladoc Health (TDOC) ARKK bought 102863 shares of Berkeley Lights (BLI) ARKK bought 7441 shares of Exact Sciences Corp (EXAS) ARKK bought 18835 shares of 10x Genomics (TXG) ARKQ bought 115889 shares of Markforged (AONE) ARKF bought 173800 shares of DraftKings (DKNG) ARKG bought 37317 shares of Surface […]
General Motors (GM) plans to build a second battery factory in the U.S. with joint-venture partner LG Chem Ltd, the latest move by the iconic American auto maker to expand its investment in electric vehicles, according to a Wall Street Journal news exclusive. GM and LG are toying with the idea of locating the plant […]
Electric-car maker Fisker Inc. (FSR) said it has tied up with iPhone assembler Foxconn Technology Group on an electric vehicle project. The firm said it expects production to begin in the fourth quarter of 2023. Production will most likely be at Foxconn’s facility in Wisconsin. The two companies have signed a contract to manufacture more […]
President Joe Biden is expected to sign an executive order on Wednesday to address the global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production, according to a Thomson Reuters report. The issue had raised concern recently with the White House and the Congress taking stock of the situation. Biden […]
U.S. stock futures edged lower Thursday awaiting clues from Fed Chairman Jerome Powell about inflation and rising bond yields. Futures tied to the S&P 500 ticked down 0.3%, while contracts linked to the Dow Jones Industrial Average fell 0.11% and those tied to the Nasdaq-100 were down 0.3%. Stock Upgrades Susquehanna initiates coverage of Bumble […]
Flipkart, the Indian retailer majority owned by Walmart Inc (WMT) is planning a U.S. listing by merging with a special purpose acquisition company (SPAC), MarketWatch reported, quoting Bloomberg News. Flipkart is seeking a valuation of at least $35 billion, the report said. Walmart purchased a 77% stake in Flipkart for $16 billion in 2018.
Melvin Capital, the hedge fund which bore the brunt of unusual trading activity in GameStop (GME) shares in January, gained more than 20% in February, CNBC.com reported. The fund, which had wagered against the video-game retailer, declined 53% in January as a short squeeze by amateur investors rallied around Reddit’s WallStreetBets forum pushed “meme” stocks […]
U.K.’s competition regulator on Thursday launched an antitrust investigation into iPhone maker Apple Inc. (AAPL), CNBC.com reported. The Competition and Markets Authority said it would investigate Apple over complaints from software developers about the tech giant’s App Store. Apple only lets developers release iPhone and iPad apps through its iOS smartphone platform. The firm has […]
Google parent Alphabet Inc. (GOOG) said on Wednesday that it would not develop new advertising tools that track users across their web browsing as the company focuses on “privacy-preserving” ad products that it says are in line with modern user expectations for internet usage, MarketWatch reported. Google said a year ago that it planned to […]
Shares of identity-management services firm Okta Inc (OKTA) tumbled 13% in Wednesday afterhours trade after the company’s bottom-line outlook fell short of Street expectations and the firm announced a big acquisition, MarketWatch reported. Okta said it expects an adjusted loss of 21 cents a share to 20 cents a share on revenue of $237 million […]
The Inner Mongolia region in China that accounts for about 8% of global bitcoin mining plans to ban new cryptocurrency mining projects and shut down existing activity in a bid to cut down on energy consumption, a CNBC.com report said. Bitcoin is based on a decentralized network, which means it is not issued by a […]
Analysts at Citi said bitcoin is at a “tipping point” and has the potential to emerge as the preferred currency for international trade or face a “speculative implosion,” Thomson Reuters reported. With endorsement from the likes of Tesla Inc (TSLA) and Mastercard (M), bitcoin could be at the cusp of a “massive transformation” into the […]
ARK Invest’s Cathie Wood thinks bitcoin should be considered a new asset class that could even become a reserve currency in the future, MarketWatch reported. “Fixed income has done 40 years of really hard work …If bitcoin represents a new asset class, why not invest in it?” Ms. Wood said at a virtual conference sponsored […]
