By Luc Olinga The manufacturer of high-end electric vehicles had invested in bitcoin in February 2021. The few established companies that have added bitcoin to their balance sheets are now beginning to see this investment go awry. This now takes in Tes…
Volkswagen Makes a Promise That Tesla May Not Like
By Rob Lenihan Volkswagen’s top executive admits being caught flatfooted by Tesla, but still wants to be the top EV seller. The tide is high, but Herbert Diess is holding on. The Volkswagen (VWAGY) – Get Volkswagen AG Report CEO admitted that arch-riva…
Cathie Wood’s Flagship Fund Trails S&P 500 for Five Years
By Dan Weil Ark Innovation ETF has plunged 58% so far this year, and is down 75% from its February 2021 peak. As technology stocks have dropped in recent months, pushing down the values of hotshot investor Cathie Wood’s Ark exchange-traded funds, she h…
What Is a Treasury Note? How Does It Work?
By TheStreet Staff What Are Treasury Notes?Issuingbonds is one way for a corporation or federal government to raise money. Bonds are known as fixed-income securities because they pay the bondholder a fixed sum at a regular interval. The United States T…
Starbucks Unveils a New Take on Cold Brew
By Veronika Bondarenko The cold-brew craze is not easing anytime soon. Starbucks is taking advantage. A coffee chain looking for a reliable marketing move can always add another cold-brew drink to its menu. With the iced coffee and cold-brew market pro…
Billionaire Michael Saylor Tries to Reassure as His Bitcoin Bet Falters
By Luc Olinga The fall of bitcoin jeopardizes the investment strategy of Michael Saylor’s company, MicroStrategy. The ongoing crypto market crash is a big test for bitcoin evangelists like Michael Saylor. Prices for the king of cryptocurrencies have pl…
Volkswagen CEO Talks Big in Battle With Tesla
By Rob Lenihan Volkswagen’s top executive admits being caught flatfooted by Tesla, but still wants to be the top EV seller. The tide is high, but Herbert Diess is holding on. The Volkswagen (VWAGY) – Get Volkswagen AG Report CEO admitted that arch-riva…
Three REITs Stand Strong Amid Slump: Morningstar’s Take
By Dan Weil The total return of the FTSE Nareit All Equity REITs index slumped 16.1% this year through May 9. Real estate investments in recent months have hit the skids amid rampant inflation, soaring interest rates and fears of recession. The total r…
Cathie Wood Watch: Ark Buys GM Shares for First Time
By Dan Weil She also purchased a provider of 3D virtual tours and familiar names in the cryptocurrency and gambling sectors. Notable investor Cathie Wood, chief executive of Ark Investment Management, bought some of her familiar stocks and purchased a …
Khloé Kardashian-Endorsed Migraine Drugmaker Biohaven Sold To Pfizer For $11.6 Billion
By Martin Baccardax “We are excited to announce Pfizer’s proposed acquisition of Biohaven, recognizing the market leadership of Nurtec, our breakthrough all in one migraine therapy,” said CEO Vlad Coric. Biohaven Pharmaceutical (BHVN) – Get Biohaven Ph…