Author: News Room

In the dynamic landscape of investment management, Cathie Wood-led Ark Invest stands out for its proactive approach to navigating market fluctuations and identifying promising investment opportunities. Recently, the firm made significant trades, notably shedding shares of Coinbase Global Inc. and Block Inc., amidst ongoing fluctuations in the cryptocurrency market. This essay explores Ark Invest’s strategic portfolio adjustments, highlighting its rationale and implications for investors. Ark Invest’s disposition of Coinbase shares Ark Invest executed a notable sell-off of 30,458 shares of Coinbase, a leading cryptocurrency exchange platform, through its flagship ARK Innovation ETF. This transaction, valued at $7.3 million, coincided with…

The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — has slowed to a trickle.As the memory of last year’s regional banking crisis begins to fade, it’s easy to believe the industry is in the clear. But the high interest rates that caused the collapse of Silicon Valley Bank and its peers in 2023 are still at play.After hiking rates 11 times through July, the Federal Reserve has yet to start cutting its benchmark. As a result, hundreds of billions of dollars of unrealized…

Donald Trump is a master at postponing legal accountability, but two cases targeting the ex-president and his orbit now in the penalty phase show that when the law finally exacts its price, the experience can be harsh and humiliating. Trump’s lawyers said Monday that he cannot secure a bond to cover a near half billion dollar judgment against him in a New York fraud case while he appeals. The admission is a dent to the mystique of an ex-president who built his brand on the power and size of his “The Art of the Deal” fortune. And it raises the possibility his cash crunch could…

Blake Snell finally has a destination. The reigning National League Cy Young Award winner agreed to a two-year, $62 million deal with the San Francisco Giants with an opt-out after the 2024 season according to Jon Heyman of the New York Post. Snell remained on the free agent market for an unexpectedly long time after a great walk year with the San Diego Padres. He led the NL with a 2.25 ERA, 5.8 hits per nine innings, and 6.0 WAR (Baseball-Reference version) last season, becoming the seventh pitcher to win a Cy Young in both leagues after he first won…

The nation’s central bank is gearing up to make its second interest rate decision of the year, and it probably won’t be the relief many Americans want to see.On Wednesday, the Federal Open Market Committee is set to announce whether it will continue its pause on interest-rate hikes — and based on predictions, that’s likely to be the case. According to the CME FedWatch tool, which estimates the probability of the Federal Reserve’s next move based on market predictions, there’s a 99% chance rates will remain steady as of Monday morning.The Fed’s December Summary of Economic Projections penciled in three…

Adults in South Korea are using pet rocks to help with loneliness and burnout at work.Instead they are seen as a way to mitigate the loneliness and burnout spreading through South Korean society.The Journal’s Jiyoung Sohn spoke to millennials turning to pet rocks to help them through difficult periods in their careers.Koo Ah-young, 33, told Sohn she didn’t have anyone to talk to about the burnout she experienced after starting a new office job in Seoul.She didn’t want to worry her friends and family, but she also felt that getting a pet animal, like a cat or dog, would have…

By Jeff Mason WASHINGTON (Reuters) – President Joe Biden travels to Nevada and Arizona on Tuesday to promote his affordable housing proposals and pitch his case for re-election in two political swing states that could prove critical to his bid to stay in the White House. The Democratic president has been making stops in a host of battleground states since his State of the Union address earlier this month that criticized his Republican opponent, former President Donald Trump, and laid out ideas he hopes to implement if given a second term. With worries about high rents and mortgage interest rates…

TOKYO (Reuters) -The Bank of Japan has made “the appropriate policy decision at the appropriate time”, the head of Japan’s biggest business lobby said, welcoming Governor Kazuo Ueda’s move to hike interest rates for the first time in 17 years. “I think the BOJ has caught the indications that a virtuous cycle between wages and prices has started,” Keidanren Chairman Masakazu Tokura told reporters. As widely expected, the BOJ announced on Tuesday it would end eight years of negative interest rates and other remnants of its unorthodox policy. But analysts expect it will keep rates stuck around zero for some…

In a recent transaction, John R. Prestridge III, the Chief Product Officer of ZeroFox Holdings, Inc. (NASDAQ:ZFOX), sold a total of 16,530 shares of the company’s common stock. The transaction took place on March 18, 2024, with the shares sold at a price of $1.12 each, resulting in a total value of approximately $18,513. The sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. According to the footnotes in the SEC filing, these sales are a requirement of the issuer’s equity incentive plans, which mandate the satisfaction of tax withholding through a “sell…

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Former President Donald Trump doesn’t have the cash he needs to stop the state of New York from potentially seizing his assets. He’s asking the court — an institution he’s shown little but contempt for — for a bit of mercy. In a court filing Monday, Trump’s lawyers laid out the stark economic reality facing the leading Republican candidate for president. His team spent “countless hours” negotiating with some 30 entities that could finance the roughly half-a-billion-dollar bond he’s…