News

Ark Invest, led by Cathie Wood, made several significant transactions in Robinhood Markets Inc., purchasing tens of thousands of shares throughout the week amid a market downturn sparked by tariffs. The firm also adjusted its portfolio with additional trades in GitLab, UiPath, and Repare Therapeutics, while Robinhood continues to diversify its financial services offerings.

Nintendo has announced the Nintendo Switch 2, a next-generation console featuring a custom Nvidia processor that delivers real-time ray tracing and AI-driven enhancements. The new system supports 4K gaming in TV mode, up to 120 FPS in handheld mode, HDR, and improved social gaming experiences, along with an enticing bundle and several major game releases on the horizon.

Dan Ives, an analyst from Wedbush Securities, believes that manufacturing Apple products in the U.S. is not feasible due to the significantly higher costs it would entail, potentially leading to iPhones costing two to three times more. Ming-Chi Kuo, an analyst at TF International Securities, agrees, citing the challenges posed by tariffs and the potential impact on Apple's gross margin.

The New York Mets have kicked off the 2025 MLB season with a balanced 3-3 record while entering into a major sponsorship deal with trading platform moomoo, which offers cash prizes based on the team’s win milestones. Under this deal, one investor could win $1 million if the Mets reach 100 victories, with additional cash rewards at 25, 50, and 75 wins, while the partnership also aims to boost user engagement on moomoo’s trading platform.

President Trump is facing a lawsuit over the 20% tariffs imposed on Chinese goods, with the suit arguing that the tariffs are unlawful and should be halted. The lawsuit raises concerns about the potential economic impact of the tariffs, including stagflation and retaliatory measures from trading partners.