Jon Macaskill


Tech stock slump pulls down Tesla, ARK and Sea Ltd

Tech stock slump pulls down Tesla, ARK and Sea Ltd

(ATF) US technology stocks slumped on Monday May 10, with the Nasdaq down 2.6% while a 6.4% fall in Tesla put further downward pressure on the ARK fund group, which has concentrated bets on Tesla. Rising Treasury yields helped drive the ongoing rotation out of growth technology stocks.The break-even rates …

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ARK leakage could bring volatility in Asian stocks like JD.Com and Sea 

ARK leakage could bring volatility in Asian stocks like JD and Sea Land 

(ATF) Celebrity investor Cathie Wood surprised markets on Friday with an admission that she received seed funding for her ARK exchange traded funds (ETFs) from Bill Hwang, whose fund Archegos Capital recently blew up and created $10 billion of losses for its bankers. If this contributes to a lack of …

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US trade chief backs vaccine patent waivers, may meet China’s Liu He

US trade chief backs vaccine patent waivers, may meet Liu He

(ATF) US Trade Representative Katherine Tai announced backing for a Covid vaccine patent waiver on Wednesday May 5 and said, separately, that she expects to meet Chinese officials such as Vice Premier Liu He “in the near term” to assess implementation of the 'Phase one' trade deal agreed under the …

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Apple and Amazon-led tech stock slump could spill into Asian trading

Apple and Amazon-led tech stock slump could spill into Asian trading

(ATF) Big tech stocks slumped on Tuesday May 4, with Apple falling almost 4%, Amazon down 3% and the Nasdaq index closing down by nearly 2%. Asian firms that have also benefited from growth stock investing could see similar selling pressure, though US-listed shares for Alibaba were not badly affected.Treasury …

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China’s Suning looks for partner to finance Inter Milan

China’s Suning looks for partner to finance Inter Milan

(ATF) Inter Milan won the Italian Serie A league on Sunday May 2 for the first time in 11 years, but the team’s Chinese owner - retail group Suning - is scrambling to raise funds after the collapse of a planned European Super League that would have supplied a cash …

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Elon Musk needs to learn Jack Ma lessons in China

 Elon Musk needs to learn Jack Ma lessons in China

(ATF) Tesla founder and ‘technoking’ Elon Musk won stock options worth over $30 billion after the firm said on Friday April 30 that it hit targets for his compensation. However, the example of Jack Ma shows that conflict with Chinese authorities could escalate to a level that puts Tesla’s value …

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Fed upgrades forecasts without alarming bond market

Fed upgrades forecasts without alarming bond market

(ATF) The Federal Reserve gave a positive economic forecast after its policy meeting concluded on Wednesday April 28, but a commitment to freeze rates and keep bond buying unchanged held down Treasury yields, with the benchmark 10-year bond easing to 1.61%. Stocks were barely changed.“It is not time yet” to …

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