Feed Posts

Cathie Wood’s Ark funds bought a big stake in Coinbase

Cathie Wood’s Ark funds bought a big stake in Coinbase

Ark Invest‘s Cathie Wood, known for her bullishness on momentum stocks, especially Tesla, is making another big bet: This time, on Coinbase Global. Three of Ark’s funds bought a combined $246 million stake in the cryptocurrency giant on its first day of trading Wednesday. In total, Ark Invest bought nearly 750,000 Coinbase shares, according to…MORE

Jennifer Lopez and Alex Rodriguez announce breakup in new statement

Jennifer Lopez and Alex Rodriguez announce breakup in new statement

Jennifer Lopez and Alex Rodriguez say they are better off as friends. The stars announced on Thursday that they are officially ending their two-year engagement. “We have realized we are better as friends and look forward to remaining so,” a representative for Lopez told CNN in a statement first reported by NBC. “We will continue…MORE

Retail sales surged in March

Retail sales surged in March

Retail sales surged in March as federal stimulus checks bolstered wallets and the rollout of Covid-19 vaccines boosted spending at stores. The Commerce Department said Thursday that retail sales soared a seasonally adjusted 9.8% in March compared with the month prior. That was far better than the 5.9% bump economists surveyed by Refinitiv had predicted…MORE

Biden resists raising refugee cap over political optics, sources say

Biden resists raising refugee cap over political optics, sources say

President Joe Biden has resisted signing off on raising the Trump-era refugee cap because of political optics, sources have told CNN. The President’s hesitation comes as the administration faces heat from Republicans and Democrats for its handling of an influx of migrants at the US-Mexico border. But the situation at the US southern border is…MORE

The US could have 300M extra vaccines. Why won’t it share?

The US could have 300M extra vaccines. Why won’t it share?

The United States could have around 300 million excess Covid-19 shots by the end of July, health policy experts at Duke University estimated in a report Thursday, calling on the country to share doses more widely to address the stark inequality around global vaccine distribution. The US has provided limited shipments of AstraZeneca’s vaccine —…MORE

Coinbase’s stunning Wall Street debut is a huge validation for crypto fans

Coinbase’s stunning Wall Street debut is a huge validation for crypto fans

Cryptocurrency backers have spent years insisting that bitcoin, ethereum and other digital coins could revolutionize the world of finance. Finally, they’re getting their moment. What’s happening: The Wall Street debut of cryptocurrency exchange Coinbase on Wednesday was a massive success, with the company’s valuation at one point topping $100 billion. Shares finished the trading session…MORE