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Hedge Funds Never Been This Bullish On First Horizon National Corporation (FHN)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Why the Tesla-Like Surge in China EV Stocks May Be Over for Good

(Bloomberg) — A meteoric rise in China’s U.S.-listed electric-vehicle stocks that disrupted market-value rankings and left some industry observers scratching their heads is showing signs of fizzling.After reaching record highs in New York, EV makers NIO Inc., Xpeng Inc. and Li Auto Inc. each lost more than 10% over the past week. A dramatic drop by giant Tesla Inc. — amid intensifying competition and the company missing out on being included in the S&P 500 Index — has some investors questioning the prospects of smaller Chinese contenders.The stocks’ surge was based on investors betting that Tesla will help broaden the …read more […]

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A Powerful Story About the Immense Beauty of Capitalism

Oh no… we’re doing it again.
Andy’s stirring up another controversy.
But this one’s worth the stress. It’s worth the teeth-gritting. We promise.
You see, we were invited to a marvelous place over the holiday weekend. It’s a farm whose rolling hills gently run right into a small college town. Tucked down a winding driveway that’s chased by a small freestone creek lies what the owners call a village of barns.
These barns don’t belong on a farm.
They’re immaculate 19th-century masterpieces, with brick floors, tongue-and-groove beams and ornate metalwork pounded out by the hands of a blacksmith who is clearly the master of masters.
Across …read more […]

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Top China Memory Chipmaker Still Can’t Wean Itself Off U.S.

(Bloomberg) — China’s top flash memory chipmaker sees no easy way to replace U.S. chipmaking gear, underscoring how a further crackdown on the supply of American technology will devastate the local semiconductor industry.Yangtze Memory Technologies Co. gets over 80% of its equipment from the U.S. and Japan now, said Zheng Jiuli, vice president in charge of supply chain management. While some Chinese suppliers have made breakthroughs in areas including etching, cleaning and coating, there aren’t enough local alternatives to replace everything, he added.“Long-term investments in innovation and R&D have led to technological advantages” at U.S. and Japanese suppliers, Zheng said. …read more […]

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X-Ray Startup Enlists Chipmaker to Disrupt Century-Old Industry

(Bloomberg) — Nano-X Imaging Ltd., a startup founded by Israeli investor Ran Poliakine, is joining forces with South Korean chipmaker SK Hynix Inc. to build a machine that could disrupt a century-old X-ray industry.Valued at about $2 billion after listing on Nasdaq last month, Nano-X is seeking to transform a multi-billion-dollar industry that has essentially relied on the same technology since Nobel prize winner Wilhelm Roentgen discovered X-rays in the late-19th century. Nano-X’s device uses semiconductors instead of metal filaments to generate X-rays.The backing of SK Hynix, the world’s second largest maker of memory chips, is a boost for an …read more […]

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Hong Kong Arrests 15 People Tied to Next Digital Stock Surge

(Bloomberg) — Hong Kong’s police force said it arrested 15 people in connection to last month’s surge in shares of Next Digital Ltd., the media company owned by vocal government critic Jimmy Lai.The arrests were made on suspicion of the use of illegal funds and conspiracy to defraud, Chung Wing-man, chief superintendent of the narcotics bureau, told reporters at a Thursday briefing. The people, who made a combined profit of about HK$38 million ($4.9 million), traded a high volume of Next Digital shares and the police have reason to doubt their source of income, Chung said.Police said one of the …read more […]