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“#US-listed Chinese stocks plummet amid government crackdown” Shares of three Chinese companies that recently went public on US exchanges plummeted on Tuesday as investors reacted to news that the Chinese government is investigating the tech firms. Shares of ride-hailing giant Didi tanked more than 25 percent at the open Tuesday morning to about $12 per…
“# Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing ” Argo Blockchain, a publicly traded blockchain technology company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange. On Tuesday, the company announced that it is now exploring the possibility of a secondary listing on the Nasdaq as part of…
“#China cracks down on homegrown tech companies traded in US” The Chinese government on Monday broadened its crackdown of the country’s homegrown tech companies — targeting two more firms that recently started trading on US exchanges. The Cyberspace Administration of China announced Monday that it’s investigating two subsidiaries of Full Truck Alliance as well as an online…
“#AMC shares fall after research house discloses short position” AMC Entertainment shares fell as much as 12 percent on Friday after short-seller Iceberg Research tweeted that it had made a bearish bet against the theater chain operator’s stock. The so-called meme stock dropped 8.9 percent at $49.40 after falling as low as $47.77 following Iceberg’s disclosure…
“#Martha Stewart sells stock in company despite recent insider status” Martha Stewart’s stock trading is raising eyebrows — again. The 79-year-old domestic diva — who famously served five months in prison in 2004 and 2005 for lying to the feds about her sale of ImClone shares — sold more than $67,000 worth of stock in…
“#Robinhood files for IPO amid blockbuster pandemic growth” No-fee trading app Robinhood revealed a massive $80 billion in customer assets amid blockbuster pandemic growth as it filed for its highly anticipated initial public offering on Thursday. In an S-1 filing with the Securities and Exchange Commission, the controversial app said it plans to trade under…
“#Cryptocurrency investors getting younger, making millions” Is cryptocurrency financial kryptonite? The younger generations don’t think so. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Cryptocurrency — which is a type of digital file that can be used as money, based…
“# Cathie Wood’s Ark Invest teams up with 21Shares to file for Bitcoin ETF ” Ark Investment Management has become the latest firm to file for a Bitcoin exchange-traded fund (ETF). According to a June 28 filing with the United States Securities and Exchange Commission (SEC) submitted in partnership with European exchange-traded product issuer, 21Shares,…
“# Biggest ever mining difficulty drop: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week with a key weekly close under its belt and everything to play for — can it hold higher? After the weekend saw moderate volatility, including a retest of $30,000 support, BTC/USD is back above…
“#Nike shares hit record high as sales get post-lockdown boost” Shares of Nike surged over 15 percent to a record high Friday after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from US shoppers. The company’s fourth-quarter revenue also nearly doubled, topping $12 billion…