Ark Invest Projects Tesla’s Stock to Hit $3,000 by 2025
Cathie Wood’s Ark Invest expects Tesla’s stock to rise to the $3,000 mark by 2025, according to Reuters. In the best-case scenario, the fund projects Tesla’s market capitalization to reach…
Aramco Defies Pandemic Hits, Price Wars to Declare $75 Billion Dividends
Saudi Aramco will make a $75 billion dividend payout, the largest of any listed company, according to Bloomberg. The payout, which almost all goes to Saudi Arabia’s government, comes amid…
Turkish Markets on Sharp Sell Offs after Dismissal of Central Bank Chief Agbal
Turkish markets plunged, after Erdogan dismissed the country’s central bank Chief Naci Agbal. The fall in the stocks, bonds, and the lira follows concerns that Turkey is headed for a…
The Key Highlights of the Heated U.S-China Talks in Alaska
U.S-China talks got off to a rough start in Anchorage, Alaska, on Thursday as both sides reprimanded each other, according to CNBC. The meeting, initially meant to be a four-minute…
BofA Expects U.S 10-Year Yield to Rise to 2.15% by End of 2021
Bank of America has set a 2.15% target for the U.S 10-year Treasury yields by year-end, according to Reuters. The bank revised the target up citing “much more aggressive” U.S…
Justice Department Launches Investigations into Visa Transaction Practices
The U.S Department of Justice has launched an investigation into Visa Inc.’s practices on its debit-card transactions, according to Bloomberg. The agency is scrutinizing network rules for routing in-store and…
Bitcoin Purpose ETF AUM Reaches $1 Billion
Purpose ETF, the pioneer Bitcoin ETF, has increased its assets under management to $1 billion, according to Seeking Alpha. The first-ever Bitcoin ETF fund was started to make the cryptocurrency…
Chinese Military Bans Tesla Cars in Its Facilities
The Chinese military has banned Tesla Inc.’s cars from military complexes and housing compounds, according to Reuters. The ban follows concerns about sensitive data being collected by cameras built into…
Vantage Towers Surges after Making the Biggest IPO since 2018 in Germany
Vodafone’s Vantage Towers shares surged as much as 4.8% on Thursday in Germany’s largest stock market debut since 2018. According to Reuters, Vantage benefited from the strong investor appetite for…
Commodities Join Stock Retreats as Inflation Concerns Intensify
Concerns that the Federal Reserve will let inflation accelerate sparked a selloff in most risk assets on Thursday. The fears are now gripping commodity markets as crude oil plunged 7%,…
SEC Expected to Make a Decision on VanEck Bitcoin ETF Filing in 45 Days
The U.S Securities and Exchange Commission has 45 days to deliver an initial decision on the VanEck Bitcoin exchange-traded fund filing, according to Cointelegraph. The SEC can also extend the…
The US Extends Land Border Restrictions on COVID-19 Fears
The US has extended its closure of land borders with Canada and Mexico for non-essential travel until at least April 21, according to Reuters. The travel ban follows an assessment…
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