Cathie Wood’s Ark Invest Swoops In To Buy The Palantir Dip — Purchases Stock Worth $29M — Offloads Coinbase Shares Worth Over $15M Amid Softening Bitcoin Price
On Tuesday, the Cathie Wood-led Ark Invest made some significant trades.
Biden Administration Tightens Grip On China’s Huawei, Revokes Key Export Licenses From US Chipmakers
The Biden admin revoked export licenses to Intel and Qualcomm, escalating US efforts to curb Huawei's tech ascent due to national security concerns.
Israeli Forces Seize Control At Rafah Crossing As Ceasefire Negotiations Falter: US Delays Military Shipments To Israel
Israeli forces take Rafah crossing, Hamas warns of ceasefire collapse. US delays arms shipment, UN condemns Israeli assault. Stocks rise.
Citadel’s Ken Griffin Says Fed Must Keep Rates ‘Higher For Longer’
Citadel CEO Ken Griffin joined CNBC's "Power Lunch" Monday and discussed inflation, interest rates and the influence of AI on the American workforce. "They've got to stay with higher rates to bring inflation back in check," Griffin said. "They need to bring inflation down over time." The Citadel CEO noted that inflation has come down in goods, but remains elevated in the services sector. "Powell and the team, I think, has made the right choice of staying higher for longer."
Elon Musk Endorses Argentine Stocks; Bond, ETF Rally Persists In Wake Of Milei’s Election Victory
Elon Musk recommends investing in Argentina and assets soar: ETF up 54%; bank stocks up over 100%; IMF praises stabilization efforts.
Nvidia Is ‘De Facto AI Standard For The Foreseeable Future’: Goldman Sachs Analyst Revises Share Price Expectations
Goldman Sachs raises Nvidia price target to $1,100 ahead of its earnings report, citing strong AI server demand and improved supply chain.
Bitcoin ETFs A Social Dud For Lay Folks? Analytics Platform Shares Data That Shows ‘If Retail Is Here, They’re Incredibly Silent’
Spot exchange-traded funds might have excited institutional investors of Bitcoin (CRYPTO: BTC), but the frenzy is yet to catch up on retail.
The Biggest Investors Are Selling Stocks Right Now, Yet S&P 500 Notches Best 3-Day Streak In 7 Months – Should You Buy?
US pension funds shift from stocks to private equity and real estate. CalPERS and NY State Common Retirement Fund decrease equity exposure.
Israel Terms Gaza Ceasefire Accepted By Hamas As ‘Softened’; US Opposes Netanyahu’s Operation In Rafah
The Islamist group Hamas has accepted a ceasefire proposal, despite Israel's concerns. Biden urges restraint and Israel faces domestic pressure.
Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What’s Driving Markets Monday?
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance