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Business

Among Reddit’s fanatical stocks, the “buzz” ETF that tracks social media topics is officially launched

Display the logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok on the computer screen. Denis Charlet AFP via Getty Images Is it time for a hyped ETF? Measuring the buzz of stocks mentioned in social media is very popular. Now, there is an exchange traded fund for this trade. Van Eck Vectors Social Emotion ETF (BUZZ) selected 75 stocks …

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Okta, Marvell Technology, Vroom, etc.

Let’s take a look at some of the biggest movers in the former market: Okta (OKTA)-Okta fell 10.5% in premarket trading after announcing the acquisition of customer management software provider Auth0 for $6.5 billion in stock. The identity management software provider also reported quarterly earnings of 6 cents per share, while the market generally expected a loss of 1 cent …

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“Wall Street Journal”: General Motors wants to build a second battery factory in the United States

TipRanks JP Morgan Chase: Don’t say goodbye to NIO stock, say buy NIO’s fourth-quarter earnings were disappointing-(most) investors were disappointed. The Chinese electric car manufacturer’s stock fell 13% on Tuesday after Weilai Automobile’s weak sales performance “beat”, but the loss was twice the amount of analysts’ bargaining. How bad is this news? Weilai Automobile reported quarterly sales of US$1.02 billion …

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Oil-producing countries review production cuts during Covid crisis

LONDON — A group of some of the world’s most powerful oil-producing countries will meet on Thursday to discuss the next phase of production policies under the ongoing coronavirus crisis. OPEC and its non-OPEC partners, an energy alliance sometimes called OPEC+, will be held via video conference from 1pm London time. After the meeting, a press conference is planned. Analysts …

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Amazon’s first cashierless store arrives in the UK as a sign of global expansion

Fox Business Flash headlines are here. See what you click on FoxBusiness.com. Amazon.com Inc. will open its first physical store outside the United States on Thursday. The world’s largest online retailer said that the cashless store called “Amazon Fresh” is located in the London Borough of Ealing, England. The company will carry a private British food brand called “by Amazon” …

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Cathie Wood’s ARK investment faces the test of stagnant technology trade

ARK Investment Management LLC’s successful bet on disruptive technology companies solidified Cathie Wood’s status as Peter Lynch or Bill Gross Since the position of the most popular fund manager on Wall Street. Now, these tactics may make ARK a major victim of recent investor sentiment shifting from high-tech stocks to cyclical stocks related to economic growth. ARK manages five exchange-traded …

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Prior to Fed Chairman Powell’s speech, U.S. Treasury yields fell

Prior to the speech by Fed Chairman Jerome Powell, the yield on the 10-year U.S. Treasury bond fell, but it was still above 1.45%. At 4 am Eastern Standard Time, the yield on the benchmark 10-year Treasury note fell to 1.453%. The yield on the 30-year U.S. Treasury bond fell to 2.234%. Income is inversely proportional to price. Powell is …

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