A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. Specifically, these ETFs sold roughly $88 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were up less than 1% on the day. Note though that these funds have just turned negative in terms of their performance […]

Investment legend Charlie Munger says the current climate global markets is crazier than the period of the dot-com bubble two decades ago, as he dismissed the surge in cryptocurrencies, saying he would never own one. Mr Munger, the 97-year-old vice chairman of Warren Buffet’s Berkshire Hathaway, addressed the Sohn Hearts and Minds on Friday, highlighting the challenges of investing in […]

Check out the companies making headlines in premarket trading. Snowflake — The cloud data company's shares jumped more than 13% after the company reported quarterly results that beat revenue estimates. Snowflake also reported sales of $334 million during the third quarter, which exceeded the $306 million expected by analysts surveyed by Refinitiv. Boeing — Shares of the aircraft maker rose […]

By now, everyone knows that U.S. equity markets tanked on Tuesday, with the major indexes closing down between 1.5% and 2.0%. Early morning concerns about the effectiveness of existing COVID-19 vaccines against the Omicron variant gave way later to investors’ reaction to a comment by Federal Reserve Chair Jerome Powell that it’s time to “retire the word ‘transitory’” in relation […]

The index was dragged lower by everything from banks, travel companies and energy companies as investors tried to reposition to protect themselves financially from the new variant. Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. Investors […]

Yields slid lower on Friday, as investor fled to the safety of bonds, with stock market futures also falling. The bonds market was closed on Thursday for Thanksgiving and there are no economic data releases or Treasury auctions slated for Friday, with markets closing early for the holiday weekend. U.S. Treasury yields fell sharply on Friday morning, amid concerns around […]

Markets reached higher on Wednesday, ahead of the Thanksgiving holiday, on positive numbers from weekly jobless claims. ARK Funds bounced back after a couple days of losses. ARKQ performed the best out of the group, with a 1.8% gain on the day, while ARKX did the worst, up 0.6%. The gains from the past year are slowly sliding away, but […]

Needless to say, 2021 has been a banner year for equities, with the S&P 500 up a stunning 25%. While the going was pretty easy by historical standards, with only one 5% drop year to date, there is a good chance that 2022 could bring some tougher sledding. The tapering of the quantitative easing program, which was designed to keep […]

Beijing's ongoing regulatory crackdown on technology could last up to 30 years, predicts GFM Asset Management's Tariq Dennison. Still, long-term investors are buying shares of Chinese tech firms like Baidu, Alibaba, Tencent and JD.com for their long-term prospects, he says. New regulations are "more likely to entrench these companies and to give them wider moats," according to Dennison. In this […]

Asia-Pacific stocks were mixed in Tuesday morning trade. Markets in Japan are closed on Tuesday for a holiday. U.S. President Joe Biden announced Monday that he will renominate Jerome Powell for a second term as Federal Reserve chair. SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday trade as investors watched for market reaction to U.S. President Joe Biden picking […]