Cathie Wood’s ARK Invest has recently made a significant move by investing in Elon Musk’s startup xAI, showcasing a strong commitment to the artificial intelligence sector. The investment was made through ARK Venture Fund, with the St. Petersburg-based asset manager announcing this development to its clients. In addition to xAI, ARK Venture Fund has also
Opportunities
The International Monetary Fund (IMF) has increased its growth forecast for China in 2021 to 5%, up from the previous prediction of 4.6%. This adjustment is a result of strong first-quarter economic data and recent policy changes implemented by the Chinese government. Additionally, the IMF now anticipates China’s economy to grow by 4.5% in 2025,
As March 12 rolls around each year, it marks Equal Pay Day, symbolizing the point in the year where women, on average, must work to catch up to the earnings of their male counterparts from the year before. However, for Asian American, Native Hawaiian, and Pacific Islander (AAPI) women, the journey to equal pay extends
The recent updates from the CNBC Investing Club with Jim Cramer provided insights into the current market trends and sentiments. The recap highlighted the record-breaking performance of the Nasdaq, driven primarily by the gains in Nvidia shares. While the surge in Nvidia’s stock price was noted as a significant factor, it also raised concerns about
In a strategic move to boost its international presence, AliExpress has recently announced that soccer legend David Beckham will be joining forces with the e-commerce platform as its global brand ambassador. This partnership marks a significant step for AliExpress in expanding its reach on a global scale. The deal comes at a crucial time when
One of the top recommended stocks by Wall Street analysts is Monday.com (MNDY). This workplace management software maker has recently impressed investors with its upbeat first-quarter results. The strong demand for its products across all end markets has driven this positive sentiment. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Monday.com stock post
Boeing and NASA are persisting with the preparations for the launch of Boeing’s Starliner capsule, which is slated to transport U.S. astronauts for the very first time. Despite encountering a ‘stable’ leak in the propulsion system of the spacecraft, both organizations are confident about moving forward with the mission. During a recent press conference, Mark
On Friday, the Wall Street market experienced a rebound after a rough trading day previously. Bond yields had risen due to positive economic data, which was interpreted negatively. Despite this, Nvidia saw a post-earnings increase of 9%, leading to a moderate increase in stock value on Friday. Goldman Sachs adjusted its forecast for the first
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. This legal action stems from a DOJ investigation that began in 2022, focusing on whether Live Nation holds a monopoly within the ticketing industry. The probe was initiated after fan
One of the prime opportunities for teenagers working summer jobs is to open a retirement account and start saving for the future, according to experts. Certified financial planner Carol Fabbri explains that Roth individual retirement accounts (IRAs) can be “triple-tax efficient” for teenagers. Roth IRAs are funded with after-tax dollars, and since teens often earn