Ark Innovation’s return soared 157% in 2020 but slid 23% last year and has dropped another 27% this year. Cathie Wood of Ark Investment Management says the drop of Ark funds’ speculative technology stocks is Read more…
Tesla checks all the boxes: growth, industry disruption, environmental approach, and market undervaluation, Credit Suisse says. Tesla checks all the boxes: growth, industry disruption, environmental approach, and market undervaluation, Credit Suisse said on Monday, upgrading Read more…
Markets Spanish January inflation numbers and German (regional) data soon sent the same message: European inflation won’t fall back as much as thought at the start of the year. The Spanish setback, related to a Read more…
Netflix shares were on a bit of a comeback Monday following an upgrade to ‘buy’ from analysts at Citigroup and a $20 million purchase from co-CEO Reed Hastings. Updated at 10:26 am EST Netflix (NFLX) Read more…
Daily Pivots: (S1) 115.01; (P) 115.35; (R1) 115.58; More… Intraday bias in USD/JPY is turned neutral with current retreat. But further rise is expected as long as 114.46 minor support holds. Above 115.68 will target Read more…
The index has slumped 12% so far this month through Friday, leaving it below the previous record January fall of 10% in 2008. Things are looking bad for technology stocks, as bond yields have risen Read more…
Despite bitcoin’s price drop, Metaverse and gaming-related tokens have stayed resilient, one industry analyst says. Cryptocurrency prices was down Monday, continuing the bad news that has rocked the sector, but one analyst sees possibilities in Read more…
Daily Pivots: (S1) 0.9291; (P) 0.9310; (R1) 0.9331; More…. Intraday bias in USD/CHF is turned neutral with current retreat. Overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. On the upside, above Read more…
Daily Pivots: (S1) 1.3363; (P) 1.3398; (R1) 1.3430; More… Intraday bias in GBP/USD is turned neutral with current recovery. But further decline is expected with 1.3523 minor resistance intact. As noted before, rebound from 1.3158 Read more…
The Yum fast-food brand Taco Bell wants to make sure its store leaders look like the people who eat and work in its restaurants. Adding diversity to the ranks of management and franchise ownership requires Read more…