944 days ago
Apple announced that it would postpone a contentious proposal to search customers' photo libraries for photos of child exploitation. Apple's system, critics claimed, was in contrast with the company's commitments to protect its consumers' privacy. Before releasing the system, Apple stated that it would take more time to work on it. It was intended to be released later this year @CNBC. Read more about the topic here!
945 days ago
August proved to be a great month for new all time highs. Last time we had similar all time high counts was in 1929 and 1987. On both occasions the market decided to crash in October. Current melt up is playing out well and vols are in implosion mode again. Ideally protection becomes cheap and traders can start tilting the book into some serious long premium plays/hedges/downside speculation. After all October tends to be volatile... @TME
947 days ago
European stocks moved higher, on the verge of their longest monthly winning run since 2013, as the prognosis for risk assets improved on the policy and pandemic fronts. The Stoxx 600 Index was up 0.1%, with miners, technology stocks, and autos leading the way. Following the U.K. holiday on Monday, the FTSE 100 Index was little altered. Source: Bloomberg
947 days ago
Since the middle of this month, Cathie Wood has been expanding her stock in Japanese construction machinery behemoth Komatsu Ltd. virtually every day. Even as earnings upgrades continue and the US draws closer to completing the $550 billion bipartisan infrastructure program, Ark's investment comes at a time when the stock is down more than 20% from its year-to-date high in March. The Americas account for roughly 37% of Komatsu's revenue. According to Ark's website, ARKQ presently has more than 2.9 million Komatsu depository receipts valued more than $70 million. Source: Bloomberg
