In a recent interview with CNBC’s “ETF Edge,” Brett Winton, the chief futurist at ARK Invest, highlighted five technological areas that he believes will give tech investors an edge in the market. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton emphasized that these sectors are all entering the marketplace
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Federal authorities have recently revealed a concerning number of collisions, fatalities, and serious injuries linked to Tesla’s Autopilot system. The National Highway Traffic Safety Administration (NHTSA) conducted an in-depth analysis of 956 crashes involving the use of Tesla Autopilot, highlighting a critical safety gap in the system. The NHTSA report pointed out that the design
The Food and Drug Administration’s recent announcement approving Pfizer’s treatment for hemophilia B marks a significant milestone in the field of gene therapy. The drug, known as Beqvez, is the first gene therapy from Pfizer to receive clearance in the U.S., offering new hope for adults with moderate to severe hemophilia B. Beqvez is a
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PepsiCo recently reported its quarterly earnings and revenue, exceeding analysts’ expectations. However, the company faced challenges due to weaker U.S. demand caused by various factors such as Quaker Oats recalls and backlash to higher prices for its products. Despite the overall positive results, PepsiCo experienced a drop in its share price, reflecting investor concerns. Let’s
The U.S. Federal Trade Commission took legal action on Monday to prevent the acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. This move by regulators has put a temporary halt to a deal that would join two significant names in American luxury retail and consolidate six fashion brands under one company.
The recent price reductions made by Tesla and Li Auto have had a significant impact on the market share of both companies. Tesla cut the starting price of its Model 3 in China by 14,000 yuan, while Li Auto reduced prices for several models up to 30,000 yuan. These price cuts were aimed at increasing
After fears of a wider Middle East conflict eased, Asian stocks began to recover some of the losses that were seen recently. This recovery was driven by investors gravitating back towards riskier assets as the potential for a major supply disruption in the region waned. The news of the Israeli strike and Iran’s decision not
The uber wealthy live in a world apart, with investing strategies that set them apart from the average investor. According to Kevin Teng, CEO of WRISE Wealth Management Singapore, individuals with a total net worth of over $100 million are considered part of the 0.001% club of centimillionaires. Globally, there are around 28,420 centimillionaires, and
Taiwan’s defense ministry has recently announced its plans to discuss funding with the United States in light of a $95 billion legislative package that mainly focuses on providing security assistance to Ukraine and Israel. Despite Taiwan not having formal diplomatic ties with the U.S., it remains the island’s most crucial international supporter and main arms
Artificial intelligence has revolutionized the investment landscape with the introduction of innovative technologies like ChatGPT in November 2022. This groundbreaking development has attracted significant interest from investors seeking the next big opportunities in AI. In 2023, a group of major tech players known as the Magnificent Seven – including Tesla, Amazon, Meta Platforms, Apple, Microsoft,
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Netflix has announced a major change in its financial reporting strategy, stating that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the company reported earnings that exceeded expectations on both the top and bottom lines. While total memberships rose by 16% in the
Taiwan Semiconductor Manufacturing’s U.S.-traded shares experienced a 2.4% decline despite surpassing revenue and profit expectations in the first quarter. The company reported minimal structural damage from an earthquake in Taiwan earlier in April, although there were some wafers that had to be discarded. However, the management assured that most of the lost production would be