Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tesla Inc (NASDAQ:TSLA) is about to rubber-stamp one of the most extravagant CEO pay packages in corporate history — a $1 trillion, 10-year deal for Elon Musk — even as its valuation stretches further from reality. Musk’s compensation…
Alibaba Group Holding’s ambitious investment in artificial intelligence and an endorsement by one of the world’s most influential technology investors lifted its Hong Kong shares to a four-year high. Star US fund manager Cathie Wood bought a combined US$16.3 million of Alibaba shares, her first investment in the Chinese e-commerce giant in four years and…
Tom Farley, chief executive officer of Bullish Global, during a Bloomberg Television interview on the sidelines of the Consensus Crypto Conference in Hong Kong, China, on Wednesday, Feb. 19, 2025. Lam Yik | Bloomberg | Getty Images Cryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tesla Inc. (NASDAQ:TSLA) is the world’s most ambitious AI endeavor, according to ARK Invest CEO Cathie Wood, who predicts its autonomous vehicle efforts could generate trillions in revenue. In a June interview on The Diary of a CEO…
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 3.4% in the morning session after Cathie Wood’s ARK Invest disclosed that it sold a portion of its holdings in the company. According to daily trade disclosures, ARK Invest sold 109,824 shares of Robinhood, valued at approximately $11.46 million. The sales were spread across several of ARK’s…
Hong Kong is set to host three major wealth and investment events towards the end of the month, underscoring the city’s standing as an international financial centre capable of attracting investors and entrepreneurs. The highlight would be the third edition of the Wealth for Good in Hong Kong Summit on March 26, Christopher Hui Ching-yu,…
In the face of an unstable and uncertain market, now may be the health-care sector’s time to shine, according to BTIG. Health-care stocks were the second-worst group last year in the S & P 500 , rising less than 1% compared to a 39% gain in communication services stocks. But spurred partly by looming tariffs,…