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Cathie Wood’s never been shy in rebalancing aggressively when she feels the market’s mispricing innovation, and her latest trades fit that description perfectly.
The ARK Invest boss dumped nearly 855,000 GitLab (GTLB) stock in just a few days, which includes a massive 208,528-share sale on November 28 (worth roughly $8.5 million),
» Read more about: Cathie Wood dumps $8.46 million in software giant »
Palantir Technologies PLTR has emerged as a defining force in the artificial intelligence (AI) revolution, building powerful data integration platforms like Foundry and Gotham that make AI actionable for governments and large corporations. Its flagship Artificial Intelligence Platform (AIP), which infuses generative AI into private enterprise data, has been primarily driving its explosive growth lately.
» Read more about: 3 Tech ETFs to Buy as AI Vanguard Palantir Plunges 19% in a Month »
Is the bloodshed over for crypto markets? Not quite, given that Bitcoin, Ethereum, and other major coins are all deep in the red to start the new week—but at least crypto funds finished November strong,
» Read more about: Bitcoin, Ethereum and XRP ETFs Bounce Back After Brutal Month for Crypto Funds »
Millions of Americans who receive Supplemental Security Income (SSI) benefits will get an additional check this month. However, the check is not an extra payment as it’s just a slight advance on January’s payment.
Social Security and SSI payments are sent out monthly based on a set schedule. SSI recipients receive their payment on the first day of each month.
» Read more about: Millions of Social Security recipients to receive 2 payments in December »
Bitcoin (BTC-USD) tumbled more than 7% on Monday, along with crypto-related stocks, casting doubt on a year-end rally despite growing prospects of a Federal Reserve interest rate cut.
The world’s largest cryptocurrency fell from around $91,000 on Friday to $84,000 on Monday, over concerns that Japan could raise interest rates.
President Donald Trump’s second term began in January on an extremely crypto-positive note.
Late last year, after Trump’s victory, David O. Sacks was named White House AI and crypto czar. Meanwhile, SEC Chair and crypto skeptic Gary Gensler announced plans to step down.
Bitcoin’s subsequent rise in 2025 mirrored the gains made by gold as the political storms Trump has produced have frayed investor nerves.
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» Read more about: Hafnia: Still Well Positioned To Sustain Its Business And Dividends »
Michael Burry has decided Tesla belongs in his personal pantheon of overvalued giants. The “Big Short” investor, who named his new Substack “Cassandra Unchained” after the doomed mythological prophet and amassed about $1.1 billion in puts on Nvidia and Palantir, is now using his newsletter to argue that “Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time” and that CEO Elon Musk’s $1 trillion pay package all but guarantees more dilution for shareholders.
» Read more about: Michael Burry says Tesla stock is 'ridiculously overvalued' »
U.S. stocks traded lower this morning, with the Dow Jones falling around 200 points on Monday.
Following the market opening Monday, the Dow traded down 0.42% to 47,515.41 while the NASDAQ fell 1.08% to 23,113.36. The S&P 500 also fell,
» Read more about: Dow Dips 200 Points; Q32 Bio Shares Jump »