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Motley Fool
Why Is Everyone Talking About Roku Stock?
No one ever complains that there’s nothing good to watch on TV anymore, and Roku (NASDAQ: ROKU) is a good reason for that. You would think that today’s entertainment climate — where folks are consuming content on their own terms — would be fertile soil for Roku. Shares of Roku have plummeted 86% since peaking at nearly $500 in July of last year.
Motley Fool
The Best Stock Today in Cathie Wood’s Ark Innovation ETF
Popular investor Cathie Wood has taken a lot of heat lately in connection to her well-known Ark Innovation ETF (NYSEMKT: ARKK), which has toppled 54% since the start of 2022. As long-term investors, however, we shouldn’t be overly absorbed in short-term stock price movements. After all, if you look at Wood’s portfolio, you’ll notice that many promising businesses are down significantly from their highs.
Reuters
U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust
WASHINGTON (Reuters) -The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan’s collapsed economy. The Afghan Fund, managed by a board of trustees, could pay for critical imports like electricity, cover debt payments to international financial institutions, protecting Afghanistan’s eligibility for development aid, and fund the printing of new currency. “The Afghan Fund will protect, preserve and make targeted disbursements of that $3.5 billion to help provide greater stability to the Afghan economy,” the U.S. Treasury said in a statement.
Benzinga
India Wins $20B Semiconductor Tech Investment From Apple Supplier, Vedanta Kicking Off Its Journey As A Chip Maker
Vedanta Ltd and Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHAF), operating as Foxconn, aims to invest $19.5 billion to set up semiconductor and display production plants in Gujarat, India, Reuters reports. Vedanta Chair Anil Agarwal tweeted regarding the new plant describing it as the onslaught of India’s journey from Chip Taker to a Chip Maker. The joint venture obtained subsidies to set up units near the western state’s largest city, Ahmedabad. The showpiece in
Insider Monkey
Is ROKU a Great Investment Choice?
Saga Partners, an investment management firm, published its second-quarter 2022investor letter – a copy of which can be seen here. During the second quarter of 2022, the Saga Portfolio (“the Portfolio”) declined 56.3% net of fees. This compares to the overall decrease for the S&P 500 Index, including dividends, of 16.1%. The cumulative return since […]
Associated Press
Coloradans take housing into their own hands with initiative
Fed up with sky-high housing prices, Coloradans are taking the issue into their own hands with a November ballot initiative that would direct a portion of the state’s income taxes to affordable housing projects. As housing crises bubble up nationwide, Colorado’s Proposition 123 is the first statewide housing initiative in the country to make the ballot for the 2022 election, according to a database of ballot measures maintained by the National Conference of State Legislatures. “We’ve reached a tipping point and we cannot continue to wait on the sidelines and hope that something happens,” Jackie Millet, mayor of the Denver suburb of Lone Tree, told a campaign kickoff event Tuesday in Aurora.
Bloomberg
Stocks Bounce Back in Choppy Trade, Dollar Dips: Markets Wrap
(Bloomberg) — US stocks swung between gains and losses as investors assessed prospects for growth in a rate-hiking cycle aimed at taming stubbornly high inflation. The dollar fell and Treasury yields rose. Most Read from BloombergUS Inflation Tops Forecasts, Cementing Odds of Big Fed HikeTerra Co-Founder Do Kwon Faces Arrest Warrant in South KoreaUgly Selloff Pushes Stocks Down Most Since 2020: Markets WrapXi Returns to World Stage With Putin to Counter US DominanceStocks Bounce Back in Choppy
Bloomberg
SoftBank’s Son Discusses Setting Up Third Vision Fund
(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son has revived discussions of setting up a third Vision Fund, weeks after apologizing for the disappointing performance of his first two funds, according to people familiar with the matter. Most Read from BloombergUS Inflation Tops Forecasts, Cementing Odds of Big Fed HikeTerra Co-Founder Do Kwon Faces Arrest Warrant in South KoreaUgly Selloff Pushes Stocks Down Most Since 2020: Markets WrapXi Returns to World Stage With Putin to Counter US
The Wall Street Journal
EU Seeks to Raise $140 Billion Clawing Back Energy Profits
The European Union outlined a sweeping plan to claw back profits and revenues from companies enriched by soaring energy prices in a bid to stabilize the bloc’s energy markets.
TheStreet.com
Mr. ‘Big Short’ Burry Takes on Goldman Sachs
The iconic investor who was the first to call the imminent collapse of the subprime market is attacking the Wall Street giant.
Reuters
Comcast, J&J jump on the buyback bandwagon ahead of new taxes
Comcast doubled its share buyback authorization to $20 billion after increasing it to $10 billion in January, while J&J announced a repurchase program of up to $5 billion. Wireless carrier T-Mobile US Inc, seeds and pesticides company Corteva Inc and coffee chain Starbucks, as well as a score of smaller companies, have all laid out plans to buy back shares. When the S&P 500 posted its biggest quarterly loss in two years in the first three months of 2022, buybacks hit a record $281 billion, according to S&P analyst Howard Silverblatt.
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