Getty Images / Xinhua News Agency A correction in technology stocks has taken its toll on the performance of Cathie Wood’s flagship fund. The ARK Disruptive Innovation ETF has tumbled 25% in just three weeks as a spike in interest rates helped spark a rotation out of high-growth sectors like tech and into cyclical stocks.… Continue reading Cathie Wood’s flagship ETF has tumbled 25% in just 3 weeks amid a sharp tech sell-off
Tag: Tesla
GM, LG Chem studying the feasibility of a second battery cell plant in the US
General Motors is exploring building a second U.S. battery cell manufacturing plant with its joint-venture partner, Seoul, South Korea-based LG Chem. If the plant moves forward, it would be the latest in a series of investments aimed at building out the auto giant’s portfolio of electric vehicles. The company’s joint venture with LG, Ultium Cells… Continue reading GM, LG Chem studying the feasibility of a second battery cell plant in the US
New platform uses NFTs as a gateway for digital rights management
Companies across blockchains are starting to use non-fungible tokens (NFT). Non-fungible tokens are used to verify unique items such as digital art and digital ownership. Now, Wilmington, DE-based digital rights management platform RAIR wants to use NFTs to manage digital rights. The company provides a blockchain-based digital rights management platform and middleware encryption to enable… Continue reading New platform uses NFTs as a gateway for digital rights management
GM and LG are looking to build another battery factory in the US
GM has confirmed that it is working with LG to build another battery factory in the US under their joint-venture. Automakers who are serious about electrifying their vehicle lineup have to secure large amounts of batteries. Some are doing it through contracts with established battery suppliers, and other automakers are getting more involved in the… Continue reading GM and LG are looking to build another battery factory in the US
Starship Explosion Was So Huge It Was Picked Up by Weather Radar
Up close, the blast would have been Earth-shattering. Big Boom SpaceX successfully launched, flipped, and landed its Starship SN10 prototype on Wednesday afternoon. But several minutes after touchdown, the stainless steel rocket exploded in a massive fireball. The explosion was so powerful, Houston-based meteorologist Matt Lanza pointed out in a tweet, that it appears to have… Continue reading Starship Explosion Was So Huge It Was Picked Up by Weather Radar
Elon Musk Says Starship “Landed in One Piece.” Fact Check: Kinda.
SpaceX has finally managed to land its massive Starship rocket in one piece. Well, at least for several minutes. The 165-foot stainless steel structure lifted off at around 6:15 pm EST on Wednesday, and its maiden voyage ticked most of the checkboxes: the belly flop, the burn to flip itself upright, the landing. One checkbox,… Continue reading Elon Musk Says Starship “Landed in One Piece.” Fact Check: Kinda.
GM in talks to build second U.S. battery plant with LG Chem in Tennessee
By Reuters Staff 2 Min Read FILE PHOTO: A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel Becerril (Reuters) – General Motors Co is looking to build a second battery factory in the United States with South Korean joint-venture partner LG Chem Ltd, the… Continue reading GM in talks to build second U.S. battery plant with LG Chem in Tennessee
/R E P E A T — Media Advisory: Virtual Infrastructure Announcement in London/
Bloomberg Cathie Wood’s ARKK Struggles in Early Trading After 20% Retreat (Bloomberg) — The main fund from Cathie Wood’s Ark Investment Management slipped in pre-market trading on Thursday, as it struggles to stabilize following a 20% drop from its February peak.The $22.9 billion Ark Innovation ETF (ARKK) was down 0.7% as of 8:53 a.m. in… Continue reading /R E P E A T — Media Advisory: Virtual Infrastructure Announcement in London/
General Motors Looks To Add More Juice To Electric Vehicle Transformation
Bloomberg Cathie Wood’s ARKK Struggles in Early Trading After 20% Retreat (Bloomberg) — The main fund from Cathie Wood’s Ark Investment Management slipped in pre-market trading on Thursday, as it struggles to stabilize following a 20% drop from its February peak.The $22.9 billion Ark Innovation ETF (ARKK) was down 0.7% as of 8:53 a.m. in… Continue reading General Motors Looks To Add More Juice To Electric Vehicle Transformation
Tesla and Nio have sold off, but the EV party is just getting started and China is key, say these analysts
TipRanks J.P. Morgan: Don’t Say Bye Bye to NIO Stock, Say Buy Buy NIO’s (NIO) Q4 earnings were disappointing — and (most) investors were disappointed. The Chinese electric-vehicle maker’s stock sold off by 13% Tuesday, one day after NIO delivered a tiny sales “beat” — but lost twice as much money as analysts had bargained… Continue reading Tesla and Nio have sold off, but the EV party is just getting started and China is key, say these analysts