Author: prosperplanetpulse.com
By Suzanne McGee(Reuters) – ARK Investment Management founder and CEO Cathie Wood defended the strategy of her firm’s loss-making flagship fund, saying lower interest rates would improve its fortunes in an investor letter published late on Wednesday.The ARK Innovation ETF fund has taken investors on a roller coaster ride in recent years. After rising 67.6% in 2023, the ETF is down more than 12% so far this year. Meanwhile, the S&P 500 is up 16.9% so far in 2024, closing above 5,600 for the first time on Wednesday.Meanwhile, ARK ETFs saw net outflows of more than $1.8 billion over the…
A recent annual Herzliya conference on the various challenges facing Israel included a session on U.S.-Israeli relations, as it does every year. One of the topics, in a free translation, was “Is Israel Possible Without the U.S.?”Anyone with even a passing familiarity with political realities would unhesitantly answer in the negative, or at least acknowledge that this relationship is extremely important. They might also qualify the questions not only from the Israeli side, but also from the United States, which is expected to increase in the wake of the recent presidential debates and the political turmoil that followed. The…
Recently, account holders of several digital finance startups have been hit by a crisis, losing access to their deposits due to the unexpected collapse of their intermediaries. The incident has caused great distress for thousands of investors, with their hard-earned money seemingly vanishing with no clear way to get it back. The current situation has highlighted the potential instability of digital financial platforms and called into question their reliability. Many people who were initially attracted by the novel approaches and potential benefits of these startups are now faced with the reality of the associated risks and lack of a safety…
President Biden has no intention of withdrawing from the reelection campaign.Democrats should abandon hope that party elders like Barack Obama, Bill Clinton, Hillary Clinton or Chuck Schumer will visit the White House to convince Biden to forgo reelection. If such an intervention was going to happen, it probably would have happened by now. These figures have spoken out in large part in support of Biden since his debate gaffes. Nancy Pelosi suggested on MSNBC on Wednesday that Biden should reconsider seeking reelection, but that’s unlikely to change much.If Democrats want a candidate other than Joe Biden, they need to fight…
Traders work on the floor of the New York Stock Exchange on June 14, 2024.Brendan McDiarmid | ReutersU.S. stock futures were trading at 1.1% on Wednesday night, with both markets trading at 1.1%. S&P 500 and Nasdaq Composite Index It closed at an all-time high.Futures track broad market indexes It fell by less than 0.1%. Nasdaq 100 Futures. Dow Jones Industrial Average Futures It lost 23 points, or less than 0.1%.WD-40 Company and PriceSmart Both stocks rose 12% and 5%, respectively, following the quarterly results, with notable gains in after-hours trading. Costco Wholesale The 2% increase came after the company…
In a South Baltimore conference room full of young entrepreneurs, someone asked Aisha “Pinky” Cole how she bounced back from setbacks on her way to founding her popular vegan burger chain, including her first restaurant burning down in a grease fire. Did she “fail again?””I fell this morning,” Cole, an East Baltimore native and owner of the Atlanta-based Slutty Vegan and Bar Vegan, said at an event Wednesday aimed at fostering entrepreneurship among the city’s teens and young adults. “I fall every day. … The art of entrepreneurship isn’t if you have a problem, it’s how you get through it.”Cole…
Kevin Costner’s second film ‘Horizon’ cancelledNEW YORK (AP) — The second chapter of Kevin Costner’s ambitious Western blockbuster “Horizon: An American Saga,” scheduled for an August release, has been canceled after the first film underperformed in theaters. New Line Cinema said Wednesday that “Horizon: Chapter 2” will not hit theaters on Aug. 16 as planned. The studio had planned to release the two films back-to-back, an unusually quick release. But after the first film grossed a modest $23 million in its first two weeks in theaters, the distributor reversed course. For now, “Chapter 2” remains in the dark. The move…
CNBC’s Jim Cramer on Wednesday reviewed eight stocks that could join the coveted “trillion dollar stock club.” Identifying major pharmaceutical companies Eli Lilly Electric vehicle manufacturer Tesla as a top contender.Currently, the tech giant apple, Microsoft, NVIDIA, alphabet, Amazon and Meta It is the only company in the market with a market capitalization of over $1 trillion.”My guess is Lilly is next,” Cramer said, “but Tesla’s massive popularity could put Musk back on top, and the Super Six will revert to the Magnificent Seven.”Eli LillyCramer noted that Eli Lilly makes GLP-1, one of the most in-demand drugs on the market.…
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Marnie owns more than 60% of Anaerzia’s outstanding shares and has been appointed Chairman of the Board of Directors.Burlington, Ontario, July 10, 2024–(BUSINESS WIRE)–ANAELZIA CO., LTD.(“Apnea” or “companyCanada On Demand Limited (TSX: ANRG), a Canadian renewable energy company and global leader in renewable fuels, has announced that it has completed the closing of the third tranche of its previously announced C$40.8 million equity investment (the “Strategic InvestmentsMarny Investissement SAMarnie(“Marny Holdco”), a wholly owned subsidiary of Marny Holdco Inc. (“Marnie Holdko) today completed the issuance of 36,750,000 units of the Company’s common stock (the “unit” ) has gross proceeds of C$14.7…