Saturday, July 27

Tag: Stock market

Cathie Wood Invests $12 Million in CrowdStrike Stock After Microsoft Outage
25Jul By AdityaNo Comments
FUNDING

Cathie Wood Invests $12 Million in CrowdStrike Stock After Microsoft Outage

Cathie Wood, CEO of ARK Invest, recently made a significant investment of nearly $12 million in CrowdStrike stock following a major global tech outage caused by the company's software update. This incident led to an 11% decrease in shares. The software malfunction in Crowdstrike affected millions of Microsoft (MSFT) Windows users worldwide, resulting in grounded flights, delayed surgeries, disrupted bank operations, and more. The repercussions of this event were still evident on Monday. During the tech meltdown, two of Wood's exchange-traded funds increased their positions in CrowdStrike. The ARK Next Generation Internet ETF (ARKW) purchased 27,061 shares valued at approximately $8.25 million, constituting 2% of the fund's assets. On the other hand, the ARK Fintech Innovation ETF (A...
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Nvidia Surpasses Entire European Stock Markets Value
26Jun By PriyankaNo Comments
News

Nvidia Surpasses Entire European Stock Markets Value

The surging shares of Nvidia Corp. have propelled the U.S. company to a staggering market value surpassing the combined stock markets of entire European countries, as reported by Deutsche Bank Research. Investor fervor for Nvidia's (NVDA) stock has catapulted the artificial-intelligence chip maker to the top spot among U.S. companies on Tuesday, with a market value exceeding $3.3 trillion. Jim Reid, global head of macro and thematic research at Deutsche Bank Research, highlighted that in less than a month, Nvidia's market cap surpassed the total of all listed stocks in Germany, the UK, and France. Reid noted that Nvidia's market capitalization surged from 2 trillion to 3 trillion in just 30 trading days starting from April 24, with an additional trillion dollars added since M...
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Zomato or Paytm? Which Stock is Good For Long Term
29Oct By AdityaNo Comments
Market

Zomato or Paytm? Which Stock is Good For Long Term

Investing in stocks can feel a bit like peeking behind the curtain of a magic show. You know there's something fascinating going on, but you're just not sure how it all works. As a self-proclaimed stock market enthusiast, let me be your guide in this magic show, particularly focusing on two hot Indian stocks - Zomato and Paytm. Analysing Zomato: A Hearty Meal for Your Investment Back in the day, hunting for good food involved a bit of a treasure hunt. Luckily, with apps like Zomato, the treasure comes to us. But let's look beyond the plate—should we be hunting for Zomato stocks? In July 2021, Zomato was listed on the stock exchange. Even in its infancy, the stock looked promising, with an overwhelming response from the market. As an online food delivery service, Zomato has a sign...
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Noteworthy Stock Market Crashes in History
15Oct By AnkitaNo Comments
Market

Noteworthy Stock Market Crashes in History

The stock market has always been a subject of fascination and concern for both seasoned investors and new entrants. Market trends and behaviors can significantly impact investment decisions, and predicting the future can seem like an elusive endeavor. In this article, we explore the potential for a stock market crash in the years 2023 and 2024, delving into various viewpoints from experts and analyzing key factors that could influence the market's stability. Historical Market Crashes Understanding the past can provide valuable insights into the future. While history does not repeat itself exactly, it often rhymes. Several major market crashes have shaped the course of financial markets in the past, such as the Great Depression of the 1930s, the Dotcom bubble burst in the early 2000s...
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Asian Stock Market are Up, Japan’s Nikkei Strengthens
11Jan By PriyankaNo Comments
Market

Asian Stock Market are Up, Japan’s Nikkei Strengthens

TOKYO, 11th Jan 2023 – Asian shares were mostly higher on Wednesday off a rally on Wall Street that came ahead after the weaker yen also boosted buying sentiment in Japan, as the country’s exporters earn more when foreign profits are converted into yen. Japan’s benchmark Nikkei 225 NIK, +0.99% rose 1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.95% gained about 1% and South Korea’s Kospi 180721, +0.17% gained about 0.2%. Hong Kong’s Hang Seng HSI, +1.02% climbed 1%, while the Shanghai Composite SHCOMP, +0.20% rose 0.2%. Benchmark indices in Taiwan Y9999 fell -0.34%, Malaysia FBMKLCI, +0.10% and Indonesia JAKIDX, -0.48%, while Singapore STI stocks gained +0.30%. Shares of Fast Retailing Co. 9983, +1.23%, which operates popular Japanese clothing retailer Uniqlo, rose 1.4% ...
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Smallcase raises $40 mn from Amazon & others
20Aug By AdityaNo Comments
FUNDING

Smallcase raises $40 mn from Amazon & others

Bengaluru, 20th Aug 2021: Bengaluru-based stock management company Smallcase raises USD 40 million (about Rs 297 crore) in funding, led by Faering Capital as well as new investors Amazon, Smbhav Venture Fund, and Premji Invest. The Series C round also saw participation from existing investors, including Sequoia Capital India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures, HDFC Bank Group, and Rare Enterprises CEO Utpal Sheth, a statement said. The round brings the total capital raised by Smallcase to over USD 60 million, it added. With the close of the transaction, Sameer Shroff - co-founder and Managing Director at Faering Capital will join the board of Smallcase. The fund raised will be used to continue launching better investment products for the retail investo...
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Robinhood raises more than $1 billion from existing investors
1Feb By AdityaNo Comments
FUNDING

Robinhood raises more than $1 billion from existing investors

(Reuters) 02/01/21- Online broker Robinhood has raised more than $1 billion of fresh capital from existing investors, having been strained by high volumes of trading this week and raising the ire of customers, celebrities and politicians for curbing the purchase of some hot stocks. Robinhood's existing investors include venture capital firms Sequoia Capital and Ribbit Capital, who came together on Thursday night to offer the emergency funding, according to a New York Times report. Reuters could not immediately verify if Sequoia and Ribbit helped with the emergency infusion. "We're pleased to share that we've raised over $1 billion from existing investors to continue to invest in record growth. This is a strong sign of confidence from investors that will help us continue to furthe...
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Taboola Ready to Listed on NYSE After Merger with ION
25Jan By NitishNo Comments
Market

Taboola Ready to Listed on NYSE After Merger with ION

New York, NY – January 25, 2021 – Taboola, has entered into a definitive merger agreement with ION Acquisition Corp. 1 Ltd. (NYSE: IACA) under a special purpose acquisition company. The merger makes Taboola valuation approx $2.6 billion and Taboola expects to have $600 million of cash and cash equivalents on its balance sheet at closing. Prior to this merger Taboola raises $160 million and had approximately $240 million of cash and cash equivalents on its balance sheet. After the acquisition, Taboola name and will trade on the NYSE under the new symbol “TBLA”. The transaction is expected to close in Q2 of 2021. Founded in 2007 by Adam Singolda, Taboola enables digital property owners to harness the value of AI-driven recommendations and offers advertisers a way to effectively acc...
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Rocket Internet to delist itself from stock market
1Sep By PriyankaNo Comments
Market

Rocket Internet to delist itself from stock market

Berlin, 1st Sept 2020: Germany based tech investment firm Rocket Internet plans to delist itself from the Frankfurt and Luxembourg stock exchanges. The company said it has sufficient access to capital outside the stock exchange and can better pursue a long-term approach to investing. Rocket Internet, with a market capitalisation of 2.6 billion euros ($3.12 billion), would be better off going private again since it successfully listed all the major firms it helped found, including Delivery Hero , HelloFresh and Home24 . Listed on stock market in 2014, Rocket’s shares have mostly traded well below their issue price of 42.50 euros and below the combined value of the cash on its balance sheet and its own valuation of its remaining investments. In its latest financial results, publish...
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Saudi Aramco Shares Sinks Amid Iran-US tensions
6Jan By AdityaNo Comments
Market

Saudi Aramco Shares Sinks Amid Iran-US tensions

Saudi Aramco shares hit the lowest level since their market debut on Sunday, as Gulf bourses were hit by a panicky sell-off amid Iranian vows of retaliation over the US killing of a top general. All seven bourses in the Gulf Cooperation Council (GCC) states closed in the red, on the first trading day since the death of powerful military commander Qasem Soleimani. All six member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates are US allies and lie on the opposite side of the narrow Gulf, making them easy targets for the Islamic republic. Some of the GCC members, notably Kuwait, Qatar and Bahrain, are home to major US military bases while Washington maintains hundreds of troops in Saudi Arabia. Kuwait's Boursa led the slide, shedding 3.7 percent a...
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Samsung shares on high after Google cut ties with Huawei
21May By AnkitaNo Comments
Market

Samsung shares on high after Google cut ties with Huawei

Samsung Electronics shares surged more than four percent on the back of its chief rival Huawei's mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker. US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said this week it is cutting ties with Huawei to comply with an executive order issued by President Donald Trump. The move could have dramatic implications for Huawei smartphone users, as the firm will no longer have access to Google's proprietary services which include the Gmail and Google Maps apps. Investors bet Huawei's loss could benefit Samsung, the world's biggest smartphone maker which has been facing increasing competition from its Chinese rival, sending its shares soaring 4...
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