The ARK Holdings selection refers to a family of exchange traded funds (ETFs) managed by ARK Investment Management LLC (ARK). ARK was founded in New York City in 2014 by Cathie Wood, a prominent investor known for her bullish stance on technology stocks. The firm's investment philosophy is centered around identifying disruptive technologies and investing in companies that are positioned to benefit from these trends. The ARK ETFs have gained attention from investors and analysts due to their strong performance and unique investment approach. ARK currently has eight ETFs: ARKK, ARKW, ARKG, ARKQ, ARKF, ARKX, PRNT, LZRL.
Developing, building, and selling electric vehicles is an expensive business, and Chinese tech giant Xiaomi has found this out the hard way, losing millions with the launch of its SU7 sports sedan. However, on a per-vehicle basis, it's doing a lot better than some more established brands.
Xiaomi's automotive arm posted an adjusted loss of USD252 million for the second quarter ending Jun 30. Th...
I believe I said keep an eye on this one, $FuboTV (FUBO.US)$ $Roku Inc (ROKU.US)$
Market is now anticipating about 70% chance of a 25pbs cut and about 30% chance of a 50pbs cut.
Many tech stocks jumped as a result
$Netflix (NFLX.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Palantir (PLTR.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Alphabet-A (GOOGL.US)$ $Super Micro Computer (SMCI.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$
Bitcoin $Bitcoin (BTC.CC)$ : +30%
Nikkei 225 $NIKK: +23%
Tesla $Tesla (TSLA.US)$ : +21%
Meta $Meta Platforms (META.US)$ : +17%
Netflix $Netflix (NFLX.US)$ : +17%
Amazon $Amazon (AMZN.US)$ : +17%
Apple $Apple (AAPL.US)$ : +16%
Nasdaq 100 $Invesco QQQ Trust (QQQ.US)$ : +13%
Russell 2000 $iShares Russell 2000 ETF (IWM.US)$ : +12%
S&P 500 $SPDR S&P 500 ETF (SPY.US)$ : +10%
Microsoft $Microsoft (MSFT.US)$ : +8%
Google $Alphabet-C (GOOG.US)$ : ...
1) The Straits Times:
Two Nasa astronauts who flew to the International Space Station in June aboard Boeing's faulty Starliner capsule will need to return to Earth on a SpaceX vehicle early in 2025, Nasa said on Aug 24, deeming issues with Starliner's propulsion system too risky to carry its first crew home.
2) Yahoo Finance:
The comparison between the ...
It turns out that people really do want cheap electric cars. If the trend continues, it won't be long until BYD passes Ford.
Chinese automaker BYD is knocking it out of the park. Its sales have skyrocketed in recent months, climbing 40% between Apr and Jun. It's now sold a whopping 980,000 vehicles so far this year.
That uptick in sales volume has paced BYD to overtake a number of legacy automak...
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