Cathie Wood’s tech-focused investment firm ARK Invest bought nearly $18 million worth of Coinbase (COIN) shares shortly after the exchange was threatened with enforcement action by regulators on Wednesday . The crypto exchange, which has been target by the U.S. Securities and Exchange Commission (SEC) for allegedly violating federal securities laws, traded from above $84…
Join the most important conversation in crypto and web3! Secure your spot today ARK Invest bought COIN low and sold it high this week. On Tuesday, Cathie Wood’s fund sold 160,887 shares of COIN for $13.5 million when the stock was around $83 per share. Just over 48 hours later, ARK bought the dip and…
(Bloomberg) – Cathie Wood has scooped up more shares of Block Inc. as the payments company has become the latest target of short seller Hindenburg Research over fraud facilitation allegations. Bloomberg’s Most Read Three exchange-traded funds backed by Wood’s company, Ark Investment Management LLC, bought just over 338,000 shares of Block on Thursday, according to…
Text size Berkshire Hathaway’s Greg Abel in 2022. Dan Brouillette/Bloomberg Berkshire Hathaway Executive Greg Abel, CEO Warren Buffett’s heir apparent, bought $24.6 million worth of Berkshire stock on Friday, bringing the total value of his stake in the company to around $105 million, according to a filing. regulation on Tuesday. Abel, who heads Berkshire’s non-insurance…
Brookfield Asset Management will take full control of Spanish solar power developer X-ELIO, in the Canadian investor’s latest move to deepen its exposure to the renewable energy sector. The Canadian group is buying the remaining 50% of the Spanish solar energy group from the American private equity firm KKR, the companies said. The deal values…
““We have a self-induced crisis of irresponsible fiscal monetary policy over the past decade.”” —Leon Cooperman, President of the Omega Family Office This was billionaire hedge fund manager Leon Cooperman commenting on the current banking crisis which has seen the closure of SVB Financial Groups SIVB, Silicon Valley Bank and crypto-friendly lenders Signature Bank and…
GENEVA (AP) — Banking giant UBS is buying struggling rival Credit Suisse for nearly $3.25 billion, in a deal orchestrated by regulators to head off further market turmoil in the global banking system . Swiss authorities have urged UBS to take over its smaller rival after a Credit Suisse borrowing plan of up to 50…
NEW YORK (AP) — New York Community Bank has agreed to buy a major share of bankrupt Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp said Sunday. The 40 branches of Signature Bank will become Flagstar Bank from Monday. Flagstar is a subsidiary of New York Community Bank. The deal will…
