Newsfeeds Archive - Page 80 of 97

2 minute read

Cathie Wood Slashes $18M Stake In Spotify, Keeps Binging On This Software Company’s Shares

October 2, 8:54 PM

Cathie Wood-led ARK Investment Management dumped over 200,000 shares of Spotify Technology SA (NYSE: SPOT) on Friday via two of the company’s exchange-traded funds (ETFs).

ARKK

2 minute read

‘Big Short’ Investor Michael Burry Reminisces Dow’s Largest Single-Day Fall In 2008: Wonders ‘If This Could Be Worse’

By Bhavik Nair

September 30, 10:17 AM

‘Big Short’ investor Michael Burry has expressed skepticism on the current global economic environment questioning whether it could be worse than the 2008 financial crisis.

AGG

2 minute read

Mark Zuckerberg’s Meta No Longer Among Top 10 Most-Valuable Companies: Who Overtook The Tech Giant?

By Bhavik Nair

September 30, 6:31 AM

Meta Platforms Inc. (NASDAQ: META) is no longer among the top 10 most valuable companies in the world as its market cap fell to $366.61 billion with shares of the company closing 3.67% lower on Thursday.

AAPL

2 minute read

Google To Shut Down Gaming Service Stadia: Analyst Says Demise Also Casts Doubts On Amazon And Meta’s Forays

By Bhavik Nair

September 30, 12:20 AM

Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Google is shutting down its consumer gaming service Stadia as it didn't gain traction with users, the company said in a sta

AMZN

2 minute read

Alibaba Stock Holds It Together But Nio And EV Peers Plunge Despite Upbeat China PMI Data

By Bhavik Nair

September 29, 11:45 PM

Hong Kong stocks opened lower on Friday morning following another sell-off on Wall Street after a temporary relief rally.

BABA

1 minute read

Cathie Wood Loads Up $12M In Shares Of Software Company Day After It Announced Collaboration With Microsoft

By Bhavik Nair

September 29, 9:18 PM

Cathie Wood’s ARK Investment Management bought over 950,000 shares of software-maker UiPath Inc (NYSE:

ARKK

1 minute read

Volatility In 2022 Made Sure Even Risk-Parity Strategies Don’t Work: This ETF Has Lost Over 28% This Year

By Bhavik Nair

September 29, 6:18 AM

Risk-parity strategies that aim to maximize diversification across asset classes appear to have lost their appeal at a time when every asset class has suffered due to persisting global volatility.

RPAR

2 minute read

Tesla China Rival Leapmotor Topples Over 14% In Hong Kong Debut: What’s Fraying Investor Nerves?

By Bhavik Nair

September 29, 2:26 AM

Tesla Inc (NASDAQ: TSLA) rival Zhejiang Leapmotor Technology's shares opened 14.5% lower at HK$41 ($5.22) apiece on Thursday, as against its initial public offering price of HK$48.

1 minute read

Markets
News

Warren Buffett’s Berkshire Hathaway Adds $352M Stake In Occidental Petroleum This Week: Stock Nearly Doubles In 2022

By Bhavik Nair

September 29, 12:51 AM

Warren Buffett’s Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) has been on a buying spree as it loaded up over 5.98 million shares of Occidental Petroleum Corporation (NYSE:

BRK-A

2 minute read

Why Alibaba, Nio And Other Stocks Are Shooting Up (For Now) In Hong Kong Today

By Bhavik Nair

September 28, 10:38 PM

Hong Kong stocks opened in the green, taking cues from a relief rally on Wall Street after the Bank of England said it will start buying government bonds at an urgent pace to help restore orderly market conditions. The central bank has pledged to buy 65 billion pounds worth of government bonds.

BABA