To The Moon

BEIJING, Dec 30 - China's central bank has agreed that popular payment app Alipay has no controller following a sweeping business overhaul of Jack Ma's Ant Group, the fintech giant that owns the app, according to the website of the People's Bank of China. In January, Ant Group said its founder Jack Ma will no longer control the fintech giant and give up most of his voting rights. On Saturday, an Ant Group spokesperson said the corporate governance optimization announced on January 7 has been completed and it will not affect the company's day-to-day business operations.

SummaryLiquidity is likely to make a big u-turn over the next couple of weeks.Reserve balances at th

The S&P 500 and Nasdaq ended down for the third straight session as Wall Street slumped on Tuesday,

Jack Ma has popped up in Australia, the latest stop on a months-long global jaunt and one that has p

Cathie Wood's Ark Innovation exchange-traded fund soared in 2020 thanks to its focus on technology a

Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.“When there’s confirmation of reasonable clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk wrote in a tweet.The electric-car maker halted car purchases with bitcoin in mid-May due to concerns over how mining contributes to climate change.Musk was reacting to comments from Magda Wierzycka, C

The "promotional period" for BABA shares has gone on for too long and patience is wearing thin. On the other hand, there's a camp of investors who welcome this.Alibaba has considerably more challenges on hand now than in early 2019 , yet the share price manages to be substantially higher.Drawing a straightforward trend line price chart, BABA shares could reach $1,000 sometime in the first quarter of 2027 if it crawls along with the support level.Alibaba's P/E ratio would compress to a mere 11 ti

Her flagship fund ARKK, which had a dramatic breakout during the pandemic, is way off its peak as bo