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+25 +3
AI-powered investment fund beats the market by almost 100%
IBM's Watson supercomputer is working wonders in an area where OpenAI's ChatGPT does not have much to offer, the stock market. An exchange-traded fund (ETF) is using the power of artificial intelligence (AI) to balance its portfolio and has done pretty well for itself this year, ETF.com reported.
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+24 +2
Tech companies rocked by layoffs as industry faces biggest downturn in two decades
High-tech startups are reassessing their prospects for the future as interest rates rise and investors get queasy.
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+16 +4
Elon Musk Finally Can Acquire 100% Twitter By This Week? Twitter Board Is Now Considering Musk’s Offer Seriously
The answer is.. perhaps yes. According to The Wall Street Journal, the board of directors of Twitter is discussing letting Elon Musk take the entire firm, with the discussion between the two sides taking place on April 24. Furthermore, Musk’s bid deal could be finalized this week. A deadline for closing any potential deal is being discussed, as are any fees that would be paid if an agreement was signed and then fell apart.
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+3 +1
Billionaire investor Bill Ackman loses around $400 million as he dumps entire Netflix stake after just 3 months
Netflix's share price crashed 35% in one day after the streaming service said it lost 200,000 subscribers in its first quarter.
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+4 +1
Netflix stock plunges 37% on shocking subscriber loss
Shares of Netflix plunged 37% Wednesday morning after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than ten years. The results and weak outlook led to a wave of downgrades from Wall Street over fears of the company’s long-term growth potential.
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+21 +2
Why Zuckerberg DGAF about losing Facebook users
Hold the obituaries. Despite Meta losing $200 billion of value in a day, its social network still looks unassailable.
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+20 +3
Paytm, Zomato, Nykaa, PolicyBazaar stocks drop to record lows
Shares of Paytm, Zomato, PolicyBazaar, and Nykaa — four Indian tech startups that went public last year — on Monday tumbled to their record lows since market debuts last year as analysts predict a global market correction amid US investors worrying about the prospect of high interest rates.
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+23 +6
A Deep Dive into the GameStop NFT Marketplace Platform
Non-fungible tokens, or NFTs, have attracted much mainstream attention in the past few months. As a result, numerous brands are exploring opportunities in this space, including GameStop. The video game retailer intends to build a new NFT platform to "change the game" with the help of Ethereum technology. In addition, the company seeks to hire an Ethereum specialist to help build and maintain this NFT marketplace.
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+16 +3
Reddit confidentially files to go public after explosive growth fueled by meme stock chatter
Reddit, known for its message boards that became the go-to destination for day traders during this year's meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with US securities regulators. The forum fed huge demand from retail investors for meme stocks — for GameStop in January and AMC Entertainment in June — that led to the explosion in meme stocks.
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+13 +2
Cathie Wood's Ark Invest gets behind a bitcoin futures ETF, stepping up its crypto involvement
Cathie Wood's Ark Invest has put its name to a bitcoin futures ETF assigned with the ticker ARKA - a positive sign for SEC approval, an analyst said.
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+14 +2
Wall Street rises on Big Tech strength
U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation worries in the run up to third-quarter earnings reports from later this week. Mega-caps Apple Inc (AAPL.O), Tesla Inc (TSLA.O) and Microsoft Corp (MSFT.O) rose between 0.6% and 1%, with nine of the 11 major S&P 500 sector indexes trading higher.
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+17 +6
Bank of America cuts China growth forecast under Evergrande shadow
Bank of America cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID outbreak and a widespread regulatory squeeze, going beyond warnings issued by other investment banks.
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+15 +2
Warren Buffett likely took a $5 billion hit on just 5 stocks during Monday's slump
Warren Buffett likely took a $5 billion hit across only five stocks on Monday, as investors dumped equities in response to the news that Chinese real estate developer Evergrande could default on up to $300 billion of debt. Buffett's Berkshire Hathaway saw $2.8 billion wiped off the value of its Apple stake, as the iPhone maker's stock price slid 2% on Monday. The market downturn cut Bank of America's stock price by 3%, erasing $1.3 billion from Berkshire's position in the lender. Berkshire's American Express, Coca-Cola, and Kraft Heinz stakes also dropped in value by a combined $800 million.
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+17 +2
Cathie Wood says Michael Burry doesn't understand innovation space after he bets against ARK fund
Cathie Wood called out Michael Burry on social media after “The Big Short” investor placed a bet against her flagship ARK Innovation exchange-traded fund.
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+22 +1
What Zomato’s $12 Billion IPO Says About Tech Companies Today
In mid-July, Zomato, a food delivery company, listed its shares in Indian stock markets. Its initial public offering (IPO) was oversubscribed 35 times, giving it a valuation of $12 billion. Why does a loss-making company — with no real properties or assets — command such high valuation and attract global celebrity investors like Fidelity, Morgan Stanley, Canadian Pension Fund, and the Singapore Government?
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+15 +2
Robinhood Has the Worst Debut Ever for IPO of Its Size
Robinhood Markets Inc. wanted to make history with its initial public offering, and now it has -- for the wrong reason.Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the company’s first trading session. That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg.It dethroned the 2007 IPO by another brokerage, MF Global Holdings Ltd., as the worst debut among qual
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+3 +1
China stocks see biggest slump in US since 2008 financial crisis
Shares of Chinese companies listed in the US have seen their biggest two-day fall since the 2008 financial crisis. The Nasdaq Golden Dragon China Index, which follows the 98 biggest US-listed Chinese stocks, has fallen by almost 15% in the last two trading sessions. The index has now plummeted by more than 45% since hitting a record high in February. The slump comes after a series of crackdowns by Beijing on its technology and education industries.
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+3 +1
US stocks open lower, pulling further back from records
Stocks were modestly lower in early trading Thursday, pulling major indexes a bit further below the record highs they marked at the beginning of the week. Investors continue to be focused on where the economy is headed as the pandemic wanes and also on the latest company earnings reports.
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+13 +2
Bitcoin's Volatility Is Spilling Over to U.S. Stocks, Study Says
In an investigation that finishes up the world's greatest token is not, at this point a periphery resource class, DBS's Chief Economist Taimur Baig and Macro Strategist Chang Wei Liang composed that S&P 500 agreements will in general enroll greater swings after Bitcoin shot up or somewhere around 10% in the range of 60 minutes.
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+11 +3
Oatly shares surge in U.S. market debut, valuing oatmilk maker at $13 bln
Shares of Oprah Winfrey-backed Oatly Group AB (OTLY.O) jumped 30% in their market debut on Thursday, valuing the Swedish oatmilk maker at about $13 billion, as demand for plant-based food products surges globally.
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