Robinhood Inventory Soars On Reddit Buzz, New Cathie Wooden Buys

Robinhood inventory jumped once more Wednesday, helped by retail merchants and fund supervisor Cathie Wooden’s continued purchases.

Robinhood (HOOD) was among the many high shares talked about within the wallstreetbets Reddit discussion board early Wednesday, as choice buying and selling started on HOOD inventory.

Late Tuesday, Wooden’s ARK Fintech Innovation (ARKF) fund revealed a purchase order of 89,622 shares, bringing its whole holding to 682,031.

Earlier Tuesday, her ARK Innovation ETF (ARKK) disclosed that it held round 4.9 million shares of Robinhood inventory, representing a weighting of 0.82% within the fund.

That is up from the three.6 million disclosed final

RBI MPC August 2021: Financial Coverage meet begins; repo charge reduce unlikely for Seventh time in a row

Analysts anticipate MPC to retain the coverage rates of interest at historic lows. The inflation outlook for FY22 might additionally see a revision from the expected ranges of 5.1 per cent

The Reserve Financial institution of India’s Financial Coverage Committee started its bi-monthly deliberations on Wednesday, 4 August 2021, amid expectations of retaining repo and reverse repo charges unchanged on the again of the worry of the third COVID-19 wave. The financial coverage consequence might be introduced on Friday, 6 August 2021. Analysts anticipate MPC to retain the coverage rates of interest at historic lows. The inflation outlook for FY22

Asus Chromebook Flip C214 overview: Window of alternative for college students

The Flip C214 prices Rs 23,999. (Photograph credit score: Saurabh Singh/Monetary Categorical)

After years of taking part in second fiddle to Home windows laptops, Chromebooks are lastly having their second within the solar. As per information launched by Canalys, Chromebooks recorded the very best progress in shipments within the PC market globally throughout Q1 2021. For a product like this, that’s usually misplaced in translation, a 275 % year-on-year (YoY) progress is, simply phenomenal. The identical analysis agency pegs Chromebooks continued to outperform the remainder of the PC product classes, additionally, within the second quarter.

So, why is the Chromebook

Robinhood Inventory Soars 20%. Here is Why.

Textual content measurement

Courtesy of Robinhood

Robinhood Markets

has profited off the meme inventory motion. Now the corporate is wanting extra like a meme inventory itself. 

The inventory shot up 20% on Tuesday morning, with no obvious main information popping out from the corporate. It has been the second-most mentioned title on Reddit’s wallstreetbets discussion board over the previous 24 hours, in line with apewisdom, a website that tracks that website. And it was the third most-traded inventory by self-directed retail buyers on Constancy.

The positive factors have constructed slowly; the commission-free dealer began the day up lower than 1%,

RBI MPC August 2021: A established order, wait and watch coverage anticipated; meals inflation outlook appears promising

RBI governor has already opined that latest elevated inflation readings are a ‘transitory hump’

By Churchil Bhatt

“He didn’t say for positive he’d come. And if he doesn’t come? We’ll come again tomorrow. After which day after tomorrow … And so forth.” These are the traces from Samuel Beckett’s ‘Ready for Godot’ through which two characters interact in a wide range of discussions in anticipation of assembly Godot, who by no means arrives. The present financial coverage panorama is paying homage to Samuel’s absurdist tragicomedy through which virtually each market participant is ready for “Godot” – an elusive being with

Fitbit’s jewellery-style health band Luxe now obtainable in India: Value, options and all the pieces to know

Amazon, Myntra, Flipkart, Nykaa, and Tata Cliq are providing the band on-line, aside from Fitbit’s personal web site.

Fitbit Luxe: The Fitbit Luxe band has change into obtainable in India on the Fitbit web site, in addition to main on-line and offline retailers. The band had been launched within the nation again in April and is now obtainable on the market as nicely. The distinctive facet of the Fitbit Luxe is its jewellery-like design which makes it extra akin to a trend accent than a health band. It’s being provided in two variants – Fitbit Luxe and Fitbit Luxe particular

Sq. is not lighting it up on bitcoin this 12 months

Sq. (SQ) hasn’t escaped the volatility in bitcoin this 12 months by any means. 

The funds platform — which permits the shopping for and promoting of bitcoin by way of its Money App — mentioned Monday its second quarter bitcoin income clocked in at $2.72 billion. That is a 23% drop from the primary quarter. Gross revenue from Sq.’s bitcoin enterprise tallied $55 million, down $20 million from the primary quarter. Yr-to-date Sq. has been pressured to take $65 million in impairments associated to its bitcoin holdings. 

The muted second quarter for Sq.’s bitcoin enterprise — and subsequent valuation impairments

RBI MPC meet August 2021: Repo charge reduce unlikely; inflation, world commodity costs weigh

The RBI will view the current development in inflation as transitory because it waits for a number of the exogenous elements equivalent to world commodity costs, provide disruptions, and so on. to ease. (Picture: REUTERS)

The RBI Financial Coverage Committee (MPC) will likely be going into the August coverage assembly with inflation exceeding the 6% higher certain. Whereas the necessity to help progress will dominate the coverage backdrop, some considerations are certain to be raised on the seen inflationary pressures within the close to to medium time period. Nonetheless, the destructive output hole relatively than the optimistic inflation hole will

Google Tensor SoC introduced, set to launch with Pixel 6 and Pixel 6 Professional later this 12 months

Google can be briefly displaying off the Pixel 6 Professional and Pixel 6 at the moment.

Google has introduced its personal system-on-chip, Tensor and confirmed the SoC will debut later this 12 months contained in the Pixel 6 and Pixel 6 Professional. Why, you ask? Google is making it abundantly clear that no third-party chip at the moment is highly effective sufficient to assist it totally pursue its mission of creating AI and machine studying (ML) core to the Pixel expertise on account of computing limitations. Tensor, which is known as after the Tensor Processing Items (TPU) Google makes use

Dow Jones Futures: Inventory Market Rally Close to Highs; Li Auto Gross sales Soar With Tesla Rivals Nio, Xpeng In Focus

Dow Jones futures will open Sunday night, together with S&P 500 futures and Nasdaq futures. The inventory market rally held close to highs final week with a variety of leaders flashing shopping for alternatives. Li Auto reported booming July gross sales with Nio (NIO), Xpeng and Tesla’s different China EV rivals are in focus.


Li Auto (LI) on Sunday reported July deliveries of 8,589, up 251% vs. a yr earlier.  Fellow Chinese language EV makers Nio, Xpeng (XPEV), and BYD Co. (BYDDF) are set to launch July gross sales inside the subsequent few days. Tesla (TSLA) China gross sales