Dow Jones futures rose slightly on Wednesday morning, as did S&P 500 and Nasdaq futures. The June CPI Inflation Report is available before the opening. X The stock market rally saw decent gains on the S&P 500 and Nasdaq on Tuesday. The rest of the market was even better, with a number of exploitable stocks. … Read more
Text size Coinbase stock soared to its highest level in nearly a year due to excitement over its possible role in a Bitcoin ETF. David Myslivec/Dreamstime.com Cathie Wood’s flagship fund sold shares of Coinbase Global as the cryptocurrency exchange’s share price races over its role in the proposed launch of a Bitcoin exchange-traded fund. THE … Read more
Cathie Wood’s ARK Invest has sold $12 million worth of Coinbase (COIN) stock as shares hit a nearly year-long high after the exchange announced a supervisory sharing deal with five traded-fund candidates exchange (ETF) bitcoin (BTC). . As previously reported, Coinbase stock closed up 16% after Thursday’s announcement. Previously, the Securities and Exchange Commission (SEC) … Read more
Sofi Technologies Managing Director Anthony Noto said Barrons that it is only a matter of time before his company becomes one of the top 10 financial companies in the country, but the question is how long. Shares of the student lender have nearly doubled this year, but are still trading at less than half the … Read more
(Bloomberg) – Cathie Wood’s Ark Investment Management LLC reduced its stake in Coinbase Global Inc. for the first time in nearly a year on Tuesday. Bloomberg’s Most Read Wood’s flagship Ark Innovation ETF on Tuesday sold 135,152 shares of the cryptocurrency exchange operator, marking its first stock sale since July 26, according to data from … Read more
Text size A Tesla robot at the World Artificial Intelligence Conference in Shanghai. Wang Zhao/Getty Images Being an income investor usually means giving up attractive stocks like You’re here And Nvidia for a regular payment. But that doesn’t have to be the case, thanks to a set of options known as a “covered call.” As … Read more
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies is eyeing a comeback in the 5G smartphone industry by the end of this year, research firms have found, signaling a comeback after a U.S. ban on equipment sales took hold. decimated its consumer electronics business. Huawei should be able to source 5G chips domestically … Read more
(Bloomberg) — Broadcom Inc.’s $61 billion acquisition of cloud-computing company VMware Inc. is about to be cleared by European Union merger officials, opening the way to the world’s largest takeover for a semiconductor manufacturer. Bloomberg’s Most Read The European Commission will give the green light on Wednesday after months of negotiations with the companies, according … Read more
(Bloomberg) – Investors are once again fascinated by meme stocks as they seek out lower-quality names in search of yield. And in the process, they’re raising a “red flag” for the S&P 500 index. Bloomberg’s Most Read When some of the market’s most shorted stocks rebound, as meme stocks are currently doing, and safe-haven assets … Read more
Analysis – Slow-selling EVs are the auto industry’s new headache