Cathie Wood, the renowned investor, is making significant changes to her cryptocurrency holdings as she prepares for the anticipated approval of spot Bitcoin exchange-traded funds (ETFs) in January 2024. On Wednesday, ARK Invest's Next Generation ETF purchased over $92 million worth of shares in ProShares Bitcoin Strategy ETF, as stated in a trade notification. Simultaneously, … [Read more...] about Cathie Wood Revamps Crypto Holdings
Penn Entertainment Share Surge
Shares of Penn Entertainment experienced a significant boost on Thursday after a major shareholder expressed its desire to secure seats on the company's board. This shareholder is none other than hedge fund HG Vora Capital Management, which currently holds an impressive 18.5% stake in Penn Entertainment, comprising both common stock and swaps. In a securities filing known as a … [Read more...] about Penn Entertainment Share Surge
Loose Bolts Found on Boeing 737 Max Jets
Shares of Boeing Co. experienced a 1% drop on Thursday following the aerospace and defense company's call for airlines and operators to inspect their 737 Max jets for possible loose bolts. The Federal Aviation Administration (FAA) revealed that this new issue with the single-aisle jets could impact the rudder-control system. The FAA, in close collaboration with Boeing, stated … [Read more...] about Loose Bolts Found on Boeing 737 Max Jets
U.S. Imposes Sanctions on Money Exchange Services Allegedly Supporting Iranian-Backed Rebels
The U.S. government has taken decisive action against a group of money exchange services from Yemen and Turkey, accusing them of providing financial support to Iranian-backed Houthi rebels who have been carrying out attacks on commercial shipping vessels in the southern Red Sea. Notably, the U.S. military recently intercepted and destroyed a drone and a missile deployed by the … [Read more...] about U.S. Imposes Sanctions on Money Exchange Services Allegedly Supporting Iranian-Backed Rebels
Fisker Stock Ends Year on a High Note
Fisker, the electric vehicle start-up, has exceeded expectations by producing 10,142 all-electric Ocean SUVs in 2023. This figure surpasses the revised forecast of 10,000 units that was given in December. However, it should be noted that throughout the year, the production estimates have continually decreased. Initially, in May, management anticipated an output of 32,000 to … [Read more...] about Fisker Stock Ends Year on a High Note
