Tag Archives: Investors

Bold bets on high-flying technology stocks from Cathie Wood’s ARK Invest have destroyed an estimated $1.3 billion in shareholder wealth over the past decade, a Morningstar analysis published this week found. And these losses don’t take into account the sharp declines seen across ARK’s suite of investment offerings so far this year. According to Morningstar, the bulk of these losses came primarily from two of ARK’s actively managed vehicles last year: the ARK Genomic Revolution ETF (ARKG) and… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 2, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance app for Apple or Android.Yahoo Finance App. The November jobs report is due out in just a few hours. And though monthly inflation… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 2, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance app for Apple or Android.Yahoo Finance App. The November jobs report is due out in just a few hours. And though monthly inflation… Source link

Yahoo execs want to build a retail trading platform in an effort to bolster growth, Axios reported. Yahoo reported $7.1 billion in full year revenues in 2020. Yahoo is mulling plans to launch a stock trading platform to bolster growth, mounting an effort to become the Bloomberg for retail investors, Axios reported Tuesday. Yahoo, which was acquired by private-equity giant Apollo Global Management, has a slew of initiatives in mind to expand its commerce and transactions businesses. (Apollo… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 21, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. There’s optimism in the air, based on some early Black Friday projections. Mastercard SpendingPulse sees Black Friday… Source link

By David Randall NEW YORK (Reuters) – As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc and automaker Tesla Inc to retailer Target Corp, have been walloped by surging prices, with the S&P 500’s consumer discretionary sector falling nearly 33% for the year to… Source link

Crypto exchange Crypto.com is under the microscope after sending $405 million to the wrong recipient, raising alarm bells among crypto watchers after the whirlwind unraveling this week of competitor exchange FTX, which filed for bankruptcy on Friday. Some crypto watchers scrutinizing the transaction speculated it was an attempt to fluff trading volumes. Complicating the hoopla, the analyst who first caught the transaction turned out to be an employee of rival exchange, Coinbase. It also… Source link

BlockFi is rolling out its first crypto interest product since it paid a $100 million settlement with the Securities and Exchange Commission in February and agreed to stop offering it to the U.S. public. Called BlockFi Yield, this crypto interest-bearing option is available to accredited investors in the U.S. through the Reg D [506(c)] exemption from the Securities Act of 1933. The new product comes during a year where crypto lending firms have faced major financial concern and scrutiny,… Source link

U.S. stocks charged higher Friday morning as traders assessed monthly employment figures and weighed talks that China may ease COVID restrictions. The S&P 500 (^GSPC) bounced 1.4% at the start of trading but was poised for a weekly loss. The Dow Jones Industrial Average (^DJI) jumped 330 points, or 1%, while the technology-focused Nasdaq Composite (^IXIC) advanced 1.5%. The U.S. economy added 261,000 jobs in October, while September’s reading was upwardly revised to 315,000 from 263,000… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, October 31, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. I realize that market watchers have become even more obsessed with imminent Fed decisions and what officials say in… Source link