Cathie Wood picked up some shares of Zoom (ZM) this week after an earnings related meltdown.  For the founder, CEO and CIO of Ark Invest, the $56 million purchase was a no brainer given the importance of Zoom to the future of communication.  “We think there is a transformation taking place in the communication sector. Many people think of Zoom as nothing more than these video sessions. But it’s becoming much more than that. We think it’s going to, with the Zoom phone, take over the PBX… Source link

Apple and Google used to be friends. More than friends in fact. Former Google CEO Eric Schmidt used to be on Apple’s board and even appeared on stage at the launch of the iPhone in 2007. If you are an Apple fan, you probably already know this, and you know that today, Google and Apple are fierce rivals. One of the biggest areas of contention is the Google Android ecosystem, which late Apple CEO Steve Jobs claimed had ripped off the iPhone entirely, and caused the initial rift… Source link

TAMPA, FLORIDA – FEBRUARY 07: Patrick Mahomes #15 of the Kansas City Chiefs wears a facemask while preparing for the start of Super Bowl LV against the Tampa Bay Buccaneers at Raymond James Stadium on February 07, 2021 in Tampa, Florida. (Photo by Patrick Smith/Getty Images) What will this fall bring? It was supposed to be a time when we returned to near normal, but clearly that won’t be the case. Yes, colleges and universities are open, so too are sporting events, movies, Broadway, and some… Source link

WASHINGTON, Sept 3 (Reuters) – Google has temporarily locked down an unspecified number of Afghan government email accounts, according to a person familiar with the matter, as fears grow over the digital paper trail left by former officials and their international partners. In the weeks since the Taliban’s swift takeover of Afghanistan from a U.S.-backed government, reports have highlighted how biometric and Afghan payroll databases might be exploited by the new rulers to hunt their enemies.

A board member at VF Corporation reportedly calls Black Lives Matter “the true racists” in leaked emails. Brian van der Brug / Los Angeles Times via Getty Images A board member at VF Corporation reportedly called Black Lives Matter “the true racists.” “I don’t believe in Black Lives Matter,” Veronica Wu reportedly said in emails obtained by Axios. VF Corp is home to brands like Supreme, Vans, Timberland, Dickies, and The North Face. See more stories on Insider’s business page. A Silicon Valley… Source link

Widely followed investor Cathie Wood remains a holder of Robinhood (HOOD) even as the threat of a clampdown on payment for order flow by regulators looms as a key risk.  The founder, CEO and CIO of Ark Invest said in an exclusive interview on Yahoo Finance Live that Robinhood is currently a 1% holding for her firm.  Wood sent the market for Robinhood’s stock into a tizzy in early August after she revealed purchases of the trading platform’s stock after a disappointing IPO in late July…. Source link

President Biden now has his very own pandemic: The one driven by the Delta variant of the coronavirus. Hiring retreated in August, largely because the highly contagious Delta strain is now ravaging parts of the country with tenacity rivaling the original coronavirus outbreak last year. Employers created just 235,000 new jobs in August, barely one-third of what economists were expecting. The average for the three prior months was 876,000 new jobs per month. Job growth in August was the slowest… Source link

Cathie Wood is pouring millions into these China tech stocks — time to follow? It’s been a whiplash 2021 for Chinese tech stocks. The Nasdaq Golden Dragon China Index, which tracks 98 of the biggest Chinese companies listed in the U.S., hit a record high of 20,688 on Feb. 12. But the index has been walloped since then on concerns that China’s tech sector could soon be facing greater scrutiny and tighter regulations at the hands of the Chinese government. Cathie Wood, founder of Ark… Source link

Reddit, the social media platform synonymous with retail traders involved in the GameStop (GME) frenzy, could reportedly go public early next year. The company is looking to hire investment bankers and lawyers to prepare for an IPO in New York, according to a Reuters report. Some users on the Reddit forum WallStreetBets are concerned with how going public will impact the 16-year-old platform. WallStreetBets exploded in popularity during the GameStop frenzy and now has more han 10 million… Source link

The August jobs report added just a third of the jobs expected, changing the expectations for the Fed’s future moves. Economists agree that the rising specter of the Delta variant over the economy is responsible for the slowdown in jobs numbers. Though demand for labor is still strong, the changes in the economy’s trajectory make it “unlikely” the Fed will announce a taper at the September meeting, Bank of America analysts wrote in a note Friday. A taper is when the Fed slows down its… Source link