Cathie Wood buys $24.5 million of tumbling tech stock
Cathie Wood, chief of Ark Investment Management, often buys her favorite tech stocks when their prices fall.
That’s what she’s doing with Meta Platforms (META), adding shares after the Facebook parent’s stock tumbled following its earnings report.
Last year, the flagship Ark Innovation ETF gained 35.49%,
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Read MoreWorking Retirees Can Earn $1,080 More In 2027 Before This Social Security Rule Kicks In
The Social Security Administration (SSA) has announced revised 2027 benefit figures, including changes to earnings figures for people who began receiving benefits before their full retirement age (FRA). People can elect to start receiving their benefits at age 62;
Read MoreTesla stock sellers should pump their brakes, 5-star analyst says
Despite surprise top- and bottom-line beats, Tesla shares took a bit of a haircut this week immediately following the release of its third-quarter results. Investors who dug beneath the surface seemingly weren’t that impressed with the 48 cents per share in profit (vs. 43 cents exp.) and $28.05 billion (vs. $27.9 billion exp.) that the electric vehicle maker reported for the period.
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Read MoreWall Street week ahead: Big tech earnings and Fed decision to test US stock rally
US stock investors are preparing for an important week as major technology companies report their quarterly earnings and the Federal Reserve announces its interest rate decision on Wednesday. Both events could test the strength of the recent US stock market rally.
RBC Capital's Tom Narayan explains why Tesla stock sold off despite Q3 beat
The Burst
NVIDIA Investing In Tiny Robotics Firm, Should You Follow?
NVIDIA gets a lot of attention for designing some of the world’s most powerful GPUs. It’s difficult to imagine that the recent advancements in artificial intelligence would have happened without NVIDIA. After all, OpenAI trained ChatGPT with 10,000 NVIDIA GPUs connected to a Microsoft supercomputer.
But NVIDIA actually does much more than build efficient processing units.
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Read MoreThe Ivy
Why Bill Ackman Just Bet $2 Billion on Uber
In February, Pershing Square manager Bill Ackman revealed that his fund had deployed around $2 billion worth of its capital early in the year to buy a little over 30 million shares of Uber (NYSE:UBER).
Sometimes referred to as a new Warren Buffett for his value-driven investment strategies that in many ways mirror the Oracle of Omaha’s,
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Read MoreThe Spotlight
Spotlight: 8 Analysts Just Upped Guidance On This Coffee Giant
Starbucks, a name synonymous with coffee, has grown beyond a mere chain of coffee shops to become a global icon in the beverage industry.
Unlike your regular run-of-the-mill local coffee shop, Starbucks has scaled its operations globally, transcending cultural and geographical boundaries. Its global footprint, though, has created its own set of challenges involving complex logistics like supply chain management,
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