Text size The Nasdaq Composite is down 4% this week. Dream time Tech stocks briefly touched “correction” territory on Friday, as the recent drop in the Nasdaq Composite extended beyond 10%. At …
Read More »ARK funds fall into a bear market
Star stock selector Cathie Wood’s top five ETFs fell more than 4% on Friday. Photo: Alex Flynn / Bloomberg News March 5, 2021 11:49 am ET ARK Investment Management LLC’s high-flying exchange …
Read More »Shutterfly in talks to go public through SPAC merger
Shutterfly Inc. is in talks to go public through a merger with a blank check company, according to people familiar with the matter, less than two years after Apollo Global Management Inc. …
Read More »BUZZ, the Social-Media Darlings ETF, falls on its commercial debut
The VanEck Vectors Social Sentiment ETF BUZZ -3.61% It went public on Thursday in an attempt to take advantage of the retail investment boom and the excitement investors are building on Reddit, …
Read More »Tanger Shares take a wild ride
Text size A worker carries a broom past closed stores at the Tanger Outlets in Atlantic City, New Jersey. Tanger shares rose on Thursday. Angus Mordant / Bloomberg Tanger Factory Distribution Centers …
Read More »Cathie Wood’s ARK investment faces a reckoning as tech trading stalls
ARK Investment Management LLC’s winning bets on disruptive technology companies cemented Cathie Wood’s status as Wall Street’s most popular fund manager since Peter Lynch or Bill Gross. Now those tactics threaten to …
Read More »Greensill Capital faces potential insolvency after Credit Suisse suspends mutual funds
Specialist finance firm Greensill Capital headed for a rapid collapse after Credit Suisse Group AG suspended $ 10 billion in mutual funds that fueled the SoftBank Group Corp.-backed startup. With a key …
Read More »Twilio will invest up to $ 750 million in Syniverse
Twilio Cloud Communications Company Inc. TWLO 4.05% agreed to invest up to $ 750 million in Syniverse Technologies LLC in a precursor to a public listing for the privately owned courier company. …
Read More »Geode, Fidelity’s index fund manager, closes hedge fund business after derivatives bets are implored
Huge losses in derivatives trading at Geode Capital Management have forced the giant investment firm to shut down its hedge fund business. Geode manages all of Fidelity Investments’ stock index funds, and …
Read More »Canada Pension Fund CEO Mark Machin Resigns After Vaccination Trip to UAE
The Canada Pension Plan Investment Board accepted the resignation of CEO Mark Machin, a day after The Wall Street Journal reported that he had traveled to the United Arab Emirates and received …
Read More »