Cathie Wood and her firm ARK Invest have a propensity for high-flying tech and artificial intelligence stocks. In fact, few have been more optimistic about cryptocurrencies than Wood, except for perhaps Michael Saylor. Wood has been particularly bullish on the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), in part because she views it as a form of digital gold and therefore an inflation hedge.
Bitcoin-Focused Metaplanet to Spit Stock 10:1 After 3,900% Price Surge
The Tokyo-based company has accumulated more than 2,000 bitcoin.
1 Industrials Stock to Add to Your Roster and 2 to Ignore
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy, and the industry is currently lagging as its six-month return of 6% has trailed the S&P 500’s 9.3% gain.
Great Lakes Dredge & Dock (NASDAQ:GLDD) Misses Q4 Revenue Estimates
Dredging and coastal protection company Great Lakes Dredge & Dock (NASDAQ:GLDD) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 11.6% year on year to $202.8 million. Its GAAP profit of $0.29 per share was 27.9% above analysts’ consensus estimates.
3 Industrials Stocks to Axe From Your List
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the industry has underperformed the market over the past six months as its 5.9% return lagged the S&P 500 by 3.5 percentage points.
Coca-Cola enters booming $820 million prebiotic soda market with launch of Simply Pop
Coca-Cola launches Simply Pop following reports in early 2024 that it had been exploring an acquisition of start-up Poppi.
Leftist’s Flop in Colombia Sparks Wild Election-Bet Stock Rally
(Bloomberg) -- It’s been an unusual start to the year for Colombian stocks.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegTrump Child Refugee Agency Shares Data With Immigration EnforcersNYC Restaurants Are Still Waiting for Their Outdoor Dining Plans to Be ApprovedFor one, the market is way up — some 21% in dollar terms,
U.S.-Listed Bitcoin Miners Accounted for 29% of Global Hashrate in February: JPMorgan
Mining economics came under pressure as the network hashrate rose while the bitcoin price fell, the report said.
Robinhood to Introduce Crypto Products in Singapore This Year: Bloomberg
The trading platform plans to debut the products after completing its purchase of Bitstamp.
Hillman (NASDAQ:HLMN) Misses Q4 Sales Targets
Hardware products and merchandising solutions provider Hillman (NASDAQ:HLMN) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $349.6 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.54 billion at the midpoint. Its non-GAAP profit of $0.10 per share was in line with analysts’ consensus estimates.