Cathie Wood’s ARK Invest Sells for 10\/6

The futures for the Nasdaq, S&P 500, and Dow Jones pushed higher on Wednesday evening amid increased optimism regarding the debt ceiling. ARK Funds tracked higher for the most part on Wednesday as well. ARKW performed the best out of the group, up 1.7%, while ARKG did the worst, down 1.3% on the day. The gains from last year are […]

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Cathie Wood’s ARK Invest Buys Over 150,000 Shares of Robinhood

One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 150,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD) on Tuesday, The price of this ETF was up around 2% in Tuesday’s session, and the fund is up a fair amount in the past year. ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 151,697 shares of Robinhood. At Tuesday’s […]

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Stock futures inch higher after Tuesday's broad rebound

Stock futures inched higher in overnight trading after the market rebounded Tuesday from a tech-led sell-off the day prior. Futures on the Dow Jones Industrial Average gained 50 points, or 0.15%. S&P 500 futures ticked up 0.1% and Nasdaq 100 futures added 0.1%. The market saw a broad rally during Tuesday's regular session with nine out of 11 S&P 500 […]

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Era of higher inflation would cause major currency volatility, economist says

While consensus among central bank policymakers remains that higher inflation is transitory, the result of a confluence of surging energy prices and global supply problems, investors have begun to seek protection, with major stock markets snapping multi-month winning streaks in September. The return of higher and less stable inflation across major economies would cause a spike in exchange rate volatility, […]

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Why global investors are focused on Evergrande

Hong Kong (CNN Business)Asian stocks mostly tumbled Tuesday following the US market sell-off, as tech and property dragged. Japan’s benchmark Nikkei (N225) slid as much as 3.5%, taking the drop from recent record highs to 10%, which put the market briefly in a correction. It later pared losses to 2.5%. Fast Retailing (FRCOF) sank 6.6%. Z Holdings, which owns Yahoo […]

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Ken Griffin's Citadel flagship hedge fund returns 8% in September during market sell-off

Citadel's multi-strategy flagship fund Wellington gained 7.8% in September, bringing its year-to-date performance to 18.5%, according to a person familiar with the returns. The S&P 500 fell 4.8% last month, posting its worst month since March 2020 and breaking a seven-month winning streak. The hedge fund industry has been attracting new capital this year as the return of volatility sent […]

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Check out the new electric Ford F-150 Lightning

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Car sales at major automakers are plunging due to a shortage of computer chips that’s forced factory shutdowns and crimped supply. But that’s not fazing Wall Street, which remains laser-focused on investment in electric vehicles […]

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Sensex rallies over 350 points in early trade; Nifty tops 17,600

Bharti Airtel was the top gainer in the Sensex pack, rising around 2%, followed by Dr. Reddy’s, SBI, Bajaj Finserv, Sun Pharma and HDFC Equity benchmark Sensex jumped over 350 points in early trade on October 4, tracking gains in index heavyweights Reliance Industries, HDFC twins and ICICI Bank. After surging to 59,156.62 in the opening session, the 30-share Sensex […]

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