Cathie Wood says $ARKK is "the new Nasdaq"

Cathie Wood says $ARKK is "the new Nasdaq." It was up 40% in January. Previously, she said: “Innovation was one of the biggest victims of the massive interest rate increase we saw last year,” she said. “We felt it every time chairman Powell spoke.” In that same interview,

Cathie Wood has said that Bitcoin will be worth $1 million per coin by 2030

Cathie Wood has said that Bitcoin will be worth $1 million per coin by 2030. "Sometimes you need to battle test, you need to go through crises to see the survivors," she said. "We think bitcoin is coming out of this smelling like a rose," she

U.S. credit card debt has hit a record $930.6 billion

U.S. credit card debt has hit a record $930.6 billion. CNBC initially reported this, with the balance rising $5,805 over that same period, TransUnion found. Overall, an additional 202 million new credit accounts were opened in the fourth quarter, led by originations among Generation Z, or adults

The US Military shoots down Chinese Balloon

The US has shot down a suspected Chinese spy balloon that was flying over North America and passed sensitive military sites. The balloon was estimated to be about the size of three school buses and was flying at around 60,000 feet. The FAA and Coast Guard cleared the airspace

To buy a median-price home in the US, an average person would need to make about $107,000 annually, up from about $74,000 a year earlier

To buy a median-price home in the US, an average person would need to make about $107,000 annually, up from about $74,000 a year earlier, per Bloomberg. Mortgage rates have eased closer to 6%, a sign the housing market is cooling off. Lower rates open the market to

Elon Musk is not liable in securities fraud case over go-private TSLA, Tesla, tweet

Elon Musk is not liable in securities fraud case over go-private $TSLA, Tesla, tweet. Plaintiffs had claimed billions in damages. Elon Musk said: "Thank goodness, the wisdom of the people has prevailed." Nicholas Porritt, a lawyer for the investors, said in a statement, "We are disappointed with

Elon Musk announces Twitter will share ad revenue with creators

Elon Musk has announced Twitter will share ad revenue with creators. This will work for people in reply tweets, and all Twitter blue members. This is among the many features promised and delivered. Recently, Elon Musk sent an email to Twitter employees telling them to write a one pager on

Microsoft, MSFT, will use ChatGPT to write emails for sales, containing personalized text, pricing details and promotions

Microsoft, $MSFT, will use ChatGPT to write emails for sales, containing personalized text, pricing details and promotions. Recently, it also added ChatGPT to Teams Premium. This is part of the $10 billion dollar deal MSFT has placed with OpenAI. Recently, OpenAi released tool to help tell when text is written

Ken Griffin of Citadel has said, " "Redditors, thank you so much for helping create the best pipeline we've ever had."

en Griffin of Citadel, indirectly responding to the GME halts of 2021, has said, " "Redditors, thank you so much for helping create the best pipeline we've ever had." This was in an interview with Business Insider. In it,  he also said he would serve as

China's Xi has ordered military to be ready for Taiwan invasion by 2027, CIA Director Burns says per FOX News

China's Xi has ordered military to be ready for Taiwan invasion by 2027, CIA Director Burns says per FOX News. 'Our assessment at CIA is that I wouldn't underestimate President Xi's ambitions with regard to Taiwan,' he said, adding that the Chinese

Biden does not take any blame for inflation

Today, Biden did not take any blame for inflation. HIs exact quote: Q: Do you take any blame for inflation? Biden: No Q: Why not? Biden: Because it was already here when I got here, man. He was discussing the recent unemployment rate. The US unemployment rate has hit 3.

Logan Paul is being sued in a class action lawsuit for asking people to buy NFTs but never launching the product, CryptoZoo, claiming it was a "rug pull"

Logan Paul is being sued in a class action lawsuit for asking people to buy NFTs but never launching the product, CryptoZoo, claiming it was a "rug pull." "Defendants promoted CryptoZoo's products using Mr. Paul's online platforms to consumers unfamiliar with digital currency

The US unemployment rate has hit 3.4%, its lowest level since 1969

The US unemployment rate has hit 3.4%, its lowest level since 1969. Average hourly pay rose 4.4% last month from a year earlier, slower than the 4.8% year-over-year increase in December. And from December to January, wages rose 0.3%, below the 0.4% increase the previous

mark zuckerberg

Mark Zuckerberg's Net Worth Shoots Up with One-Day $12.5 Billion Gain Boosting His Net Worth to $67.6 Billion

Per Forbes Mark Zuckerberg had one of the toughest years in 2022 among fellow billionaires as the CEO and founder of Facebook, now Meta, saw his net worth drop from $171 billion on Sep 2021 to just a little over $36 billion nearing the end of 2022. Now, his net

ftx

FTX Believed to have Over a Million Creditors: $3 Billion Collectively Owed to the Top 50 Alone

Per CNN While the lawsuit is still ongoing for Sam Bankman-Fried, the founder of FTX, who is facing multiple charges, including defrauding customers, new information has surfaced saying the top 50 creditors alone are owed $3 billion collectively. It was also revealed that the now-bankrupt exchange has over a million

google

Google to Report AI Investments in Q1 of 2023

After a lot of talk has spread of Microsoft potentially having a shot against Google's search engine with the help of OpenAI, Alphabet has decided to reveal the company's AI investments in its next quarterly report. Google is now committed to sharing with its investors how

russia

Putin Threatens to 'Deploy More than Just Tanks' After News of German Tanks Making Its Way to Ukraine

Per Daily Mail After news that the United States will be sending M1 Abrams tanks and Germany will be sending 62 Leopard 2s to Ukraine, the Kremlin has finally responded, saying Russia will retaliate with "more than just tanks." Putin: "They threaten us with Germany's

retail

Retail Trading Orders Topped 2021 Accounting for 23% of Market Volume in Late January

Per Bloomberg Retail traders were responsible for 23% of market volume in late January, which topped the previous stock frenzy of 2021. During the previous phase, retail trading only accounted for 22% of total market volume, according to JP Morgan Chase & Co. estimates. JP Morgan strategist, Peng Cheng, shared

Microsoft, $MSFT, has added ChatGPT to Teams Premium

Microsoft, MSFT, has added ChatGPT to Teams Premium. This is part of the $10 billion dollar deal MSFT has placed with OpenAI. Recently, OpenAi released tool to help tell when text is written by AI. OpenAI says its new AI Text Classifier can limit the ability to run automated misinformation

Gautam Adani has lost $48 billion personally and his group of stocks have lost $109 billion in total

Losses across Gautam Adani’s main businesses hit $107 billion by 10 a.m. London time on Thursday since the Jan. 24 publication of Hindenburg's report. The Adani firmly denied the accusations as “nothing but a lie." “It is tremendously concerning that the statements of an entity

Blackstone, BX, has blocked withdrawals from its $69 billion real estate income trust

Blackstone, $BX, has blocked withdrawals from its $69 billion real estate income trust. BREIT said it fulfilled redemption requests of about $1.3 billion in January, representing 25% of the approximately $5.3 billion of the total withdrawal requests it had received during the month, per Reuters. They initially blocked

The market is headed for a 'tinderbox-timebomb' that will be worse than the 1929 crash, per Mark Spitznagel

"It is objectively the greatest tinderbox-timebomb in financial history – greater than the late 1920s, and likely with similar market consequences," Mark Spitznagel has said. He stated that there's a "credit bubble" that will burst "sparking catastrophic market failure." "The correction that

Elon Musk sent an email to Twitter employees telling them to write a one pager on what they accomplished in January, what they plan to accomplish in February, and "any ideas you have for improving Twitter"

Elon Musk sent an email to Twitter employees telling them to write a one pager on what they accomplished in January, what they plan to accomplish in February, and "any ideas you have for improving Twitter," per the Platformer. Previously, he had asked employees for ideas and reviews.

2022 Congressional Stock Trading Report Summary

Unusual Whales focuses on market transparency most of all, highlighting unusual trades in the stock market. Here are the highlights for this year. UW highlights: * We made Rep. Josh Gottheimer flustered when directly mentioning his trades. * We drew comments from Senate Majority Leader Chuck Schumer. * We made Speaker Nancy Pelosi

mcdonalds

McDonald's President Says $22/Hr Rate is 'Costly and Job-Destroying': Made $7.4 Million in 2022

McDonald's president Joe Erlinger shared his thoughts about California's new law that makes businesses pay their employees $22 per hour. He noted that the new rate is "costly and job-destroying" while making $7.4 million in 2022. The president of one of the largest