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There was some interesting news from the tech, cryptocurrency, and business sectors that investors may have missed over the weekend. Here is a brief summary of the first five stories.
1. The Apple CEO Succession Case: As Apple Inc. (NASDAQ: AAPL) CEO Tim Cook ends 10 years in his role, long-term observer Mark Gurman has heated up. the question of succession, saying that Cook is likely to stay only until the launch of Apple’s augmented reality glasses, and also proposed several names that could succeed Cook.
2. Astra Not Giving Up Space: Astra Space Inc. (NASDAQ: ASTR) may not have met all mission goals related to the test launch of its LV0006 spacecraft on Saturday after shutdown. of one of its five main drivers, and Space may be “difficult,” but CEO Chris Kemp says the company is in no mood to “give up.”
3. Cathie Wood Pretty Bullish Pinduoduo: The asset management company led by Cathie Wood, Ark Invest, has now accumulated shares in Pinduoduo Inc. (NASDAQ: PDD) for the fifth consecutive session after the technology-driven platform on Agriculture reported its very first quarter profit earlier in the week.
Pinduoduo is better positioned to improve its relationship with the Chinese government compared to competitors such as Alibaba Group Holding Ltd.
4. More bearish Bitcoin sentiment from China: The Chinese government continued its crackdown on Bitcoin (CRYPTO: BTC), with a People’s Bank of China (PBoC) official warning that Bitcoin and other cryptocurrencies “n ‘are not legal tender and have no real value. Support. ”The PBoC reportedly intends to crack down on the space by blocking corporate crypto trading websites, apps and channels.
See also: How to buy Bitcoin (BTC)
5. Dogecoin Gets More Bullish Support From High-Profile Fans: Mark Cuban’s Professional Basketball Team, Avid Dogecoin Fan (CRYPTO: DOGE), Dallas Mavericks Offers E-Gift Cards From $ 25 to customers who purchase merchandise online with the same cryptocurrency or other cryptocurrencies. Cuban has long supported the wider adoption of Dogecoin for retail transactions.
Meanwhile, another big Dogecoin supporter Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA), said it was “important” for the latest Dogecoin Core update to find more nodes in preparation for the proposed fee reduction.
What Else: Among other stories, investors would want to check out the Benzinga EV Weekly Review, the latest cannabis news, and entrepreneur and investor Gary Vaynerchuk’s launch of an NFT-themed restaurant in New York City. . Investors might also take a look at altcoins generating buzz amid a market meltdown, or stocks moving on WallStreetBets as a new week of trading approaches.
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