Cathie Wood’s Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Continues Offloading PalantirBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.On Monday, Cathie Wood-led Ark Invest made some significant trades. Notably, the firm bought shares of PayPal Holdings Inc (NASDAQ:PYPL) and Pinterest Inc (NYSE:PINS), while selling its stake in ARK 21Shares Bitcoin ETF (BATS:ARKB).The PayPal TradeArk Invest’s Fintech Innovation ETF (NYSE:ARKF) added 57,824 shares of PayPal, valued at approximately $4.5 million based on the closing price of $77.67. This move comes in the wake of analysts expressing diverse opinions…
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By Jose Cortes MARQUELIA, Mexico (Reuters) -Hurricane John threatened southwestern Mexico with severe flooding on Tuesday evening even as it weakened on its trek inland after leaving three people dead and causing severe damage. Across several Mexican states, authorities were dealing with landslides, uprooted trees and electrical posts, and ripped-off roofs left by the storm on its trajectory after it made landfall on Monday night. Civil protection authorities and the National Guard were clearing mud, rocks and trees from roads in the Guerrero and Oaxaca states on Tuesday afternoon. State power firm CFE said it had restored power to seven…
Investing.com– Most Asian stocks rose on Wednesday, with Chinese markets seeing outsized gains after Beijing unveiled a string of new stimulus measures aimed at shoring up economic growth. Regional markets took a positive lead-in from Wall Street, where strength in technology stocks pushed the and the to record highs. U.S. stock index futures steadied in Asian trade. Sentiment towards stock markets remained upbeat after a bumper interest rate cut by the Federal Reserve last week, with investors now awaiting more cues from the central bank in the coming days. Chinese stocks surge on stimulus cheer Chinese markets were by far…
By Ju-min Park and Eduardo Baptista SEOUL/BEIJING (Reuters) – Border police in China’s northeast have been given quotas to identify and expel undocumented migrants, one key aspect of broader surveillance that is making it harder for North Korean defectors to evade capture, according to previously undisclosed official documents and a dozen people familiar with the matter. China has implemented new deportation centres, hundreds of smart facial-recognition cameras and extra boat patrols along its 1,400-kilometre frontier with North Korea, according to a Reuters review of more than 100 publicly available government documents that outline spending on border surveillance and infrastructure. In…
Climate action platform Patch has made public a step-by-step playbook that can help chief sustainability officers navigate the complex landscape of incorporating carbon credits in their action plans.One of the co-authors of the guide Bee Hui Yeh, Head of Climate Strategy and Solutions at Patch describes the reason behind creating it by saying: “A core part of our work is guiding Chief Sustainability Officers (CSOs) through the entire carbon credit journey- from identifying how credits fit into a broader climate strategy and strategic goals, to understanding regulatory and compliance needs, to budgeting and building portfolios. CSOs have so much on their plate…
Procter & Gamble will increase production capacity and install advanced production lines at its Alexandria, Louisiana facility in Rapides Parish. With this $96.7 million investment, the company expects to create 15 direct new jobs with an average annual salary of $70,000 while retaining 572 current positions. Since 1969, the Alexandria manufacturing facility has produced fabric care products for P&G brands, including the Tide detergent brand,. The site was one of the first to start producing Tide Pods in 2012. “P&G proudly continues to invest in our Alexandria community by expanding our manufacturing capability, allowing us to serve and delight consumers with…
NEW YORK, Sept. 24, 2024 /PRNewswire/ — Glazer Capital, LLC, a global investment firm primarily focused on arbitrage and event-driven investing, with approximately $2 billion in assets under management, is pleased to announce the addition of Ethan Johnson to its investment team. Mr. Johnson brings over 16 years’ experience in event driven investing from his most recent position at Ramius. “We are thrilled to welcome Ethan Johnson to our team,” said Paul Glazer, Chief Executive Officer and Chief Investment Officer of Glazer Capital. “Ethan’s extensive experience and breadth of knowledge will complement the strengths of our existing team. As we grow,…
Countries around the world are demanding more solar panels, electric vehicles and other technologies as they make the transition to greener sources of energy — part of the global push to address climate change. But the mining and particularly the processing of the critical minerals required to build these technologies is controlled by only a handful of nations. The International Energy Agency’s Global Critical Minerals Outlook 2024 discusses the supply of and demand for minerals used in decarbonising our energy system. Copper is the most supplied mineral: more than 22 million tonnes of it is mined each year, mostly across Asia, South…
Business InsiderThe stock market could jump as much as 10% by the year-end, Citi’s stock-trading strategy head said.Stuart Kaiser told Bloomberg TV that the uber-bull case is now “a plausible scenario.”He said the economy only needs to avoid a recession, which will ultimately depend on the labor market.Wall Street is forecasting S&P 500 highs that reach past the 6,000 threshold. This bullishness may be well earned, Citi’s Stuart Kaiser said.”The uber-bull case, I think, for all of this year has been: you avoid a recession, you get insurance cuts, right? And that is now a plausible scenario,” the firm’s head…
Image source: Getty Images For a massive bank that earned billions of pounds in profit last year, it may seem odd that shares in Lloyds (LSE: LLOY) change hands for pennies. It was not always that way. In 2007, before it was hit by the financial crisis, the Lloyds share price was over £3. Lloyds has performed strongly over the past year, with the share moving up in value by 32%. So, could it ever hit the £1 mark again? Far from its former glory It is easy to understand why Lloyds is nowhere near the price it hit in…