ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak
Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million. Source
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Shares
Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta was the bank’s fifth-largest shareholder.Alecta took a loss in the deal after losing funds in the
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First Republic Bank Shares Slump 18% Following Downgrade from S&P
In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion. The shares of San Francisco-based financial services firm, First Republic Bank (NYSE: FRC) are tumbling in today’s Pre-market after the firm got
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UBS & Credit Suisse Shares Sink Following Bailout Deal
UBS and Credit Suisse both saw their shares spiral after the former agreed to an emergency rescue of the latter. Shares of Swiss banking giants UBS and Credit Suisse plunged substantially following a takeover of the latter. On Monday morning, UBS secured a 3 billion Swiss franc ($3.2 billion) bailout of its troubled domestic rival amid
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Marathon Digital (MARA) Shares Up 7% though Firm Reports Lower Q4 2022 Revenue
Marathon Digital has also revealed the nature of its exposure to the now-defunct crypto-focused Silvergate Bank. Embattled Bitcoin (BTC) mining firm, Marathon Digital Holdings Inc (NASDAQ: MARA) has released its performance report for the fourth quarter (Q4) of 2022 in which it unveiled a poorer-than-expected revenue. According to the firm, its
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Baidu Shares Fall 6% as CEO Unveils AI Chatbot to Rival OpenAI’s ChatGPT
Baidu recently saw its shares take a massive hit following a pre-recorded unveiling demo of ChatGPT rival Ernie bot. The shares of Chinese multinational tech company Baidu plunged to an 8-week low after the company unveiled a ChatGPT rival. On Thursday, Baidu provided a sneak peek into the functionality of its Chinese-language bot
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Virgin Orbit (VORB) Shares Down Over 40% with Company Furloughing Almost Entire Staff
As of the end of Q3, Virgin Orbit has $71.2 million in cash and $30.9 million in revenue. Shares of aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) dropped by 33% in extended trading as the company is discharging nearly all its workers. According to people familiar with the
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Adobe Reports Record Revenue in Q1 Fiscal 2023, ADBE Shares Up 5%
Adobe reported revenue of $4.66 billion, up 9 percent YoY, against an estimated $4.62 billion by Wall Street. Adobe Inc (NASDAQ: ADBE), an American multinational computer software company, reported its financial results for the first quarter of fiscal 2023 which ended on March 3. During the first quarter, Adobe reported earnings
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SVB Executives Offloaded $84 Million Worth of Shares Before Shutdown
SEC filing shows Becker’s share sales were part of a scheduled program dubbed 10b5-1 plan, however, the securities regulator is considering a 90-day “cooling down” period between the filing and the first sale. Last week, the announcement of shutdown by Silicon Valley Bank (SVB) sent tremors across the banking space
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First Republic (FRC) Shares Rebound 40% Following Monday Selloff
First Republic recently saw its shares jump 20% as the market still recovers from the collapse of Silicon Valley Bank. The shares of First Republic Bank (NYSE: FRC) spiked 40% on Tuesday. FRC’s ascension also came amid an ongoing rebound among other regional banks from yesterday’s sell-off. On Monday, the SPDR S&P
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