1016 days ago
The Nasdaq records another all-time high
The Nasdaq Composite Index reached another all time-high at 14,210 points. QQQ is now at +1,500% from the 2002 lows.
1017 days ago
Indonesian tech stocks have surged
Retailer PT Matahari Putra Prima has surged 929% this year while TV operator PT Elang Mahkota Teknologi gained 65% in the same period. Matahari is 4.7% owned by ride-hailing giant PT Aplikasi Karya Anak Bangsa, better known as Gojek. The company plans to go public by the end of this year after a merger. Elang Mahkota Teknologi is an investor in Microsoft Corp.-backed e-commerce company PT Bukalapak.com, which is planning to list in the U.S. and Indonesia, people familiar with the matter have said.
1017 days ago
QQQ on the way for the best week inflows since September
The tech-heavy QQQ is about to blow up with record inflows since September. Cyclical companies did not perform well this week, leaving the way for Nasdaq 100 to emerge as a beneficiary.
1018 days ago
Amazon Prime Day is the new Black Friday
Originally created to celebrate Amazon's 20th birthday in 2015, the company kept the celebration going after witnessing an impressive amount of sales. Starting today, Prime members will have 48 hours to take advantage of more than 2 million deals. The special day's sales have soared over the past 5 years, from a mere billion in a half dollars in the second editions to a whooping 10.4 billion dollars in 2020. Who knows what will the amount be for 2021?
1018 days ago
FinTech VC funding continues momentum as confidence rises
Venture capital investors remained bullish on the U.S. financial technology sector in the first quarter of 2021. Privately held U.S. fintechs raised $10.67 billion in the first quarter. Nearly a third of that was from trading app provider Robinhood Markets. But even without Robinhood, U.S. fintech funding nearly doubled year over year in the first quarter of 2021, and volume was approximately 39% higher. The growth suggests increased VC investor confidence in the sector.
