Cathie Wood’s ARK ETF published their daily trades for Tuesday, October 22, 2024, revealing a mix of strategic buy and sell actions across various sectors. The most significant transaction of the day was the purchase of 170,649 shares of Tempus AI Inc (NYSE:TEM), amounting to a substantial investment of $8,307,193. This move indicates ARK’s growing interest in the artificial intelligence company, as it follows a series of recent acquisitions of Tempus AI shares, suggesting a bullish stance on the company’s future. In contrast, ARK divested a considerable portion of its holdings in Robinhood Markets Inc (NASDAQ:), selling 210,483 shares with…
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US Federal Reserve Board Chairman Jerome Powell.Anna Moneymaker/Getty Images Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. Strong economic data and the potential for a Trump win have pushed interest rates higher. The Fed may keep rates unchanged next month, and the October jobs report is a key indicator to watch. The bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. Strong economic data in recent weeks and the potential for a Donald Trump victory in November have helped push bond yields higher and…
Mark W. Hahn, Chief Financial Officer of Verona Pharma PLC (NASDAQ:), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Hahn executed three separate transactions, selling a total of 525,768 ordinary shares between October 18 and October 22. The shares were sold at prices ranging from $4.3796 to $4.3849 per share, amounting to a total transaction value of approximately $2.3 million. Following these transactions, Hahn retains ownership of 13,813,920 ordinary shares. The sales were conducted under a pre-arranged 10b5-1 trading plan established on March 6, 2024, which allows company insiders to set…
Pokemon game characters of Japanese video game manufacturer Nintendo are on display on a subway train car in Tokyo, Japan.Hitoshi Yamada | NurPhoto | Getty ImagesAsia-Pacific markets mostly rose Tuesday, with investors awaiting the trading debut of Japan’s subway operator, Tokyo Metro.The company, one of Japan’s leading subway operators and the largest in Tokyo, raised 348.6 billion yen in its initial public offering, the largest IPO in Japan since 2018.The IPO was reportedly 15 times oversubscribed and priced at the top end of its pricing band, offering shares at 1,200 yen apiece.Economic data that will be coming out of Asia…
(Reuters) – Frontier Airlines is exploring a renewed bid for Spirit Airlines (NYSE:), the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The two budget carriers have had recent discussions about a possible merger though the talks are at an early stage and a deal may not come to fruition, the WSJ report said. If a deal between Spirit and Frontier is reached, it would likely happen as part of Spirit restructuring its debt and other liabilities in bankruptcy, the report added. Spirit and Frontier did not immediately respond to Reuters’ requests for comment. Spirit Airlines…
Charles R. Schwab, Co-Chairman of Schwab Charles Corp (NYSE:SCHW), recently sold a significant portion of the company’s common stock. According to a recent SEC filing, Schwab sold 17,225 shares on October 21, 2024, at an average price of $70.9047 per share, amounting to a total transaction value of approximately $1.22 million. Following this transaction, Schwab still holds a substantial number of shares, with 60,602,146 shares remaining under indirect ownership by trust. Additionally, other indirect holdings include 30,641,981 shares by a limited partnership, 44,025 shares by 188 Corp, and 7,372,842.33 shares by his spouse as trustee. The sale was executed in…
Investing.com– U.S. stock index futures drifted lower in evening trade on Tuesday following a muted session on Wall Street as rising Treasury yields and anticipation of a tight presidential election spurred risk aversion. Investors digested a swathe of mixed earnings, with focus now turning to an upcoming report from electric car maker Tesla, which is due after the close on Wednesday. Risk appetite was also soured by increasing geopolitical tensions in the Middle East, as markets watched for a strike by Israel against Iran. fell 0.1% to 5,884.25 points, while fell 0.2% to 20,502.0 points by 19:16 ET (23:16 GMT).…
Impact investments can help the world meet sustainable development goals, writes AlphaMundi founder Tim Radjy for ImpactAlpha. Source link
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nvidia Corporation (NASDAQ:NVDA) shares hit all-time highs Monday, continuing the impressive multi-year run of going from a $1 trillion company to a company worth over $3 trillion. Many Nvidia employees and investors have been rejoicing in the stock gains over the last year and one of the big winners is a member of Congress. What Happened: Former House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi are among the investors who have been adding Nvidia stock and options to their investment…
On October 2, 2024, the U.S. Department of Justice indicted Kenneth Newcombe and Tridip Goswami, two former executives at CQC Impact Investors LLC (“CQC”), for allegedly selling fraudulent carbon offset credits to private parties. CQC was a major supplier and, allegedly, responsible for generating approximately 50% of the Voluntary Carbon Units (“VCUs”) purchased in the market. The indictment alleges that the defendants provided false data to a third-party issuer of VCUs who issued VCUs to CQC. CQC then sold the VCUs to private third parties who used the VCUs to voluntarily offset their carbon emissions. Two days before the Newcombe…