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Featured AlphaTack Intel Article
Stock Surge Saw US Add More Than 379,000 Millionaires Last Year
The US added more than 1,000 new millionaires per day last year, with surging stocks driving the wealth increase, according to a new report from UBS. There were more than 684,000 millionaires created worldwide in 2024, including over 379,000 in the US. Overall, wealth...
– AlphaTack Intel Articles –
Microsoft Planning Thousands More Job Cuts Aimed at Salespeople
Microsoft Corp. is planning to ax thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid heavy spending on artificial intelligence. The cuts are expected to be announced early next month, following the end of...
German defence start-up Helsing raises 600 million euros in latest investment round
German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, lead by Spotify founder Daniel Ek, the firm said on Tuesday. The latest investment round has raised Helsing's value to $12 billion, the Financial Times...
Cathie Wood’s 50% ARKK Rebound Hits a Big Wall of Skepticism
Cathie Wood’s flagship ETF has staged a powerful comeback from the depths of the trade war panic, rallying more than 50% since early April. But rather than restoring investor faith, the rebound has only been met with skepticism. Outflows are persistent. Short sellers...
Applied Intuition Hits $15 Billion Valuation for AI Vehicle Tech
The company raised $600 million from investors as it prepares for an eventual IPO. Applied Intuition Inc. — a startup developing technology for autonomous vehicles, drones and more — has raised $600 million from investors in a deal that more than doubles its valuation...
US Stock Market’s Outperformance Is Over, BofA Survey Shows
Global stocks will beat US equities over the next five years, according to Bank of America Corp.’s latest fund manager survey, adding evidence that investors increasingly see America’s market dominance as coming to an end. Some 54% of asset managers expect...
Unicorn Juniper Square Sells Picks and Shovels of Private Market Boom
The financial technology startup has raised $130 million offering software to private investors. Venture capitalists are betting on a product that’s close to their hearts: software for venture capitalists. Juniper Square Inc., a software provider for VCs and other...