On a day $Tesla Inc(TSLA)$ stock dropped to over two-year lows, Cathie Wood’s ARK Investment Management took the opportunity to load up on the EV maker’s shares, displaying its unflinching trust in the company.Tesla stock rebounded 2.6% in premarket trading.ARK’s flagship fund, the ARK Innovation ETF (ARKK), bought 25,147 shares of the company at an estimated valuation of about $2.7 million. Shares of Tesla closed 11.41% lower on Tuesday after a Reuters report indicated the company was intending to run a reduced production schedule in January at its Shanghai plant causing concerns over demand.The company’s Shanghai plant accounted for over half of its output in the first three quarters of 2022. Based on forecasts for
$Credit Bureau Asia(TCU.SI)$ has announced that all five Singapore-licensed digital banks have joined its subsidiary Credit Bureau Singapore (CBS) as members. Being CBS, the five digital banks are required to submit consumer data related to credit reporting to CBS, among other things. In return, digital full banks are able to retrieve a consumer credit report from CBS before granting any credit to a customer. Meanwhile, digital wholesale banks are not required to submit SME customers’ information to CBS, but have to obtain customers’ consent prior to retrieving the customer’s credit report from CBS. Digital full banks in Singapore are GXS Bank, a joint venture between Grab and Singtel, MariBank, a wholly owned subsidiary of Sea, and Trust
$Block(SQ)$ Bearish in view of potential recession that's largely expected to land in 2023. Block's stance/stake in crypto puts additional downward pressure on company performance, and subsequently, stock price, at least in the short-term - the crypto winter won't see the light of summer for quite a while, especially if/when a recession hits. Lowest price this year is about 51+. $PayPal(PYPL)$ Bullish as the OG payment platform, with somewhat more business stability - make no mistake, any recession will hit it as well but it's likely to take the hits better than Block. Lowest price this year is about 67+. The above represents the trajec