Category: business

As Tesla’s stock continues its downward spiral, board chair Robyn Denholm, a known supporter of CEO Elon Musk, has come under scrutiny for her recent actions. In the past three months alone, Denholm has liquidated approximately $117 million in Tesla shares, with the latest sale involving nearly 112,400 shares valued at $33.7 million. While these […]

German automotive parts maker Schaeffler has joined other industry suppliers in issuing a bleak forecast for 2025, citing no expected recovery for the automotive market. The company faces significant challenges, with the European auto sector grappling with high production costs, the transition to electric vehicles (EVs), declining demand, and increasing competition from Chinese manufacturers. Schaeffler, […]

Grayscale Investments has officially filed with the U.S. Securities and Exchange Commission (SEC) for a Spot Hedera (HBAR) Exchange-Traded Fund (ETF), with plans to list it on Nasdaq. This move is part of Grayscale’s larger initiative to expand its ETF offerings beyond Bitcoin and Ethereum, with HBAR being the sixth altcoin to receive an ETF […]

Seven & i Holdings is expected to sell a majority of its non-core business shares to Bain Capital for over 700 billion yen ($4.7 billion), according to a report from Bloomberg News on Wednesday, citing sources familiar with the deal. The transaction is anticipated to be finalized during the upcoming board meeting, scheduled for Thursday. […]

Cathie Wood, ARK Invest, Beam Therapeutics, and Stock Surge Trends in 2025 Cathie Wood, renowned for her pioneering investment strategies, is making headlines again, particularly with her flagship ARK Innovation ETF (NYSE: ARKK). After a challenging 2024, ARKK has shown signs of recovery, but the question remains—will this resurgence be sustainable, or is it just […]

Global growth concerns have resurfaced on financial markets, fueled by weakening U.S. economic data and rising trade tensions, which are dampening consumer confidence and business activity. While economists do not see recession as a base-case scenario, recent data has rattled investors. U.S. President Donald Trump’s new 25% tariffs on Mexico and Canada are further escalating […]

Patrizio Bertelli, the leading shareholder of luxury fashion group Prada, expressed caution regarding potential acquisitions in an interview with La Repubblica on Wednesday. While the company remains open to exploring opportunities, Bertelli emphasized that he is “very cautious” about making any moves. “Relaunching a brand is challenging. In the early 2000s, we acquired Jil Sander […]

As the dust settles from Nvidia’s (NVDA) earnings report, it’s crucial to evaluate where the tech giant stands and whether the recent pullback presents a potential buying opportunity or signals a deeper sell-off as expectations recalibrate. Nvidia’s stock, widely regarded as one of the most influential in the market (sorry, Apple (AAPL)), experienced a notable […]

Cathie Wood, the influential CEO of Ark Investment Management, is known for her dynamic investment strategy, often adjusting her positions based on market fluctuations. In February 2025, Wood made headlines with her decision to sell $6 million worth of SoFi Technologies (SOFI), one of the top-performing stocks of 2024. Ark Innovation ETF Performance in 2024 […]