Cathie Wood’s ARK Invest Sells for 10\/1

After the month of September broke the winning streak for the major averages, October started out with a bang in one of the best trading days for these major indices since the early 2000’s. ARK Funds responded in kind as well. ARKW performed the best out of the group, up 1.3%, while ARKG did the worst, up 0.2% on the […]

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Cathie Wood’s ARK Invest Buys for 10\/1

The September slump held back broad markets over the course of the last month, but markets bounced back to start off October. ARK Funds rebounded as well, but not as strongly as the broad markets. ARKW performed the best out of the group, up 1.3%, while ARKG did the worst, up 0.2% on the day. The gains from last year […]

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5 things to know before the stock market opens Tuesday

Here are the most important news, trends and analysis that investors need to start their trading day: Nasdaq futures sink as soaring bond yields slam tech Fed's Powell to acknowledge inflation may last longer Pfizer asks FDA to clear Covid vaccine for kids 5-11 Senate GOP blocks bill to fund government, suspend debt limit Ford, SK Innovation to spend $11 […]

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Asia-Pacific stocks set for opening fall following Wall Street tumble

Futures pointed to a lower open for Asia-Pacific stocks. The Nasdaq Composite plunged nearly 3% overnight on Wall Street as tech names fell amid rising bond yields. SINGAPORE — Asia-Pacific stocks looked poised for a lower start on Wednesday following an overnight tumble on Wall Street, with the Nasdaq Composite plunging nearly 3% as bond yields rise. Futures pointed to […]

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Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure 'distraction'

Dallas Fed President Robert Kaplan said Monday he is stepping down from his position following a controversy over his stock holdings. Boston Fed President Eric Rosengren, who had come under similar scrutiny, announced earlier in the day that he was retiring. Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was […]

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China braces for an Evergrande collapse and other threats to its stability

A lot of pundits are arguing that the crisis within the Chinese property giant, China Evergrande doesn’t represent a systemic threat. The actions being taken by China’s authorities suggest otherwise. While Evergrande’s woes might not represent a “Lehman” moment and presage a financial crisis – mainly because the absolute control the authorities have over their banking system means they can […]

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Chinese battery maker CATL to acquire Canada's Millennial Lithium

Canada's Millennial Lithium Corp said late Tuesday Chinese battery maker Contemporary Amperex Technology (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million) CATL, which supplies to carmakers Tesla and Volkswagen, said on Wednesday that the acquisition is to secure a stable long-term supply of lithium. Millennial Lithium said the Chinese battery maker has also reimbursed it for […]

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