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☆ Stocks making the biggest moves premarket: Pfizer, Disney, Tesla, Alibaba and more
▼ + stars: | 2023-12-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Pfizer — Shares dropped 4.2% after the drugmaker said it would halt development of its twice-daily experimental weight loss pill. Marvell Technology — The semiconductor stock fell more than 5% after Marvell issued lower-than-expected revenue guidance for the fourth quarter. Ulta Beauty — The stock gained nearly 12% after the beauty products retailer reported third-quarter earnings that beat analysts' expectations. Ulta reported earnings of $5.07 per share, higher than the $4.95 per share analysts polled by LSEG were expecting. Dell — Stock in the computer maker fell nearly 6% on the heels of a mixed third-quarter earnings report.

Persons: Pfizer, Andrew Nowinski, Nelson Peltz, Alibaba, Morgan Stanley, Tesla, Coinbase, Ulta, LSEG, Jessica Fye, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Pfizer —, Paramount Global, Wall Street Journal, Apple, Disney —, Trian Fund Management, Marvell Technology, Marvell, Invest, Nasdaq, Dell —, Wall, LSEG, JPMorgan Locations: —, Wells Fargo

☆ Stocks making the biggest moves midday: Tesla, Disney, Alibaba, Ulta Beauty and more
▼ + stars: | 2023-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Ulta Beauty — The beauty stock rallied nearly 11% after posting third-quarter results that surpassed analysts' estimates. Samsara — Samsara shares popped 16% after the cloud company posted better-than-expected quarterly results and shared stronger-than-expected guidance. The chip company posted third-quarter earnings that topped Wall Street's estimates but shared weaker-than-expected guidance for the current quarter. Ambarella — Shares slipped 1% after Ambarella reported third-quarter gross margins of 62.6%, down from 63.5% in the year-ago period. Otherwise, the semiconductor design company posted quarterly results that topped estimates.

Persons: Tesla, Nelson Peltz, Alibaba, Morgan Stanley, Wells, Dell, Altimmune, Ambarella, Jefferies, Yun Li, Michelle Fox, Sarah Min, Alex Harring, Brian Evans, Jesse Pound Organizations: Disney — Disney, Trian Fund Management, Pfizer, Paramount Global, Street Journal, Paramount, Apple, Marvell Technology, Invest, Nasdaq, Dell —, LSEG, JPMorgan, Norfolk Southern, Bank of America, CSG Locations: Texas, China, Wells Fargo, Norfolk, Ohio

☆ Cathie Wood’s Innovation ETF is up more than 30% in November, on pace for its best month ever
▼ + stars: | 2023-11-30 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange on Feb. 27, 2023. Wood's flagship Ark Innovation ETF (ARKK) has rallied 32% this month, on pace to score its strongest month ever since its inception in 2014. The fund rebounded dramatically from three straight months of losses, pushing 2023 gains to 48%. Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep losses amid declining Treasury yields in November. Driving the innovation fund higher this month have been biotech names CRISPR Therapeutics and Twist Bioscience , along with Roku , Coinbase , Block and Shopify , which are all up at least 50%.

Persons: Cathie Wood, ARKK, Wood Organizations: Ark Invest, CNBC, New York Stock Exchange, Innovation, CRISPR Therapeutics, Twist, Ark, CNBC PRO Locations: outflows

☆ In spot bitcoin ETF race, some pioneers stick to the sidelines
▼ + stars: | 2023-11-28 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +6 min

The SEC has long rejected spot bitcoin ETF applications on the grounds they do meet its investor protection requirements. Industry hopes that position would shift surged in June when BlackRock (BLK.N), which has an almost unbroken record of SEC ETF approvals, filed for a spot bitcoin ETF. The only prospective issuer to disclose proposed investor fees so far is Ark Investment, which last week announced its spot bitcoin ETF would charge a fee of 0.8%. To be sure, issuers hoping to launch spot bitcoin ETFs have a more bullish outlook than those sticking to the sidelines. Magoon hopes the buzz surrounding a spot bitcoin ETF will draw more assets to Amplify's BLOK ETF.

Persons: Marco Bello, it's, Dave Mazza, Gary Gensler, Michael Sapir, ProShares, Sapir, Roxanna Islam, Aisha Hunt, Kelley, Christian Magoon, Roundhill, Mazza, Magoon, Tom Staudt, Staudt, Suzanne McGee, Michelle Price, Deepa Babington Organizations: REUTERS, Roundhill Investments, SEC, Industry, BlackRock, Ark Investment, Amplify's, Ark Investments, Thomson Locations: Miami Beach , Florida, U.S, BlackRock, Invesco, Amplify's BLOK

☆ ARK Invest sells more than $5 million Coinbase shares amid rising stock prices: CNBC Crypto World
▼ + stars: | 2023-11-28 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest sells more than $5 million Coinbase shares amid rising stock prices: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Greg Moritz, co-founder and COO of AltTab Capital, discusses why he believes Binance can thrive even more under new leadership.

Persons: explainers, Greg Moritz Organizations: CNBC Crypto, CNBC, AltTab

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest sells more Grayscale Bitcoin Trust holdings as discount narrows: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. Kyla Curley, a partner at StoneTurn and a certified cryptocurrency forensic investigator, sits down with CNBC Crypto World to discuss advancements in U.S. crypto regulation.

Persons: explainers, Kyla Curley Organizations: CNBC Crypto, CNBC

☆ Ark Investments sets 0.80% fee for proposed spot bitcoin ETF
▼ + stars: | 2023-11-24 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

Since 2021, the SEC has rejected multiple applications to issue spot bitcoin ETFs, arguing that the cryptocurrency market is vulnerable to manipulation. In August, a federal court ruled that the SEC wrongly rejected Grayscale Investments' application to convert its Bitcoin Trust into a spot bitcoin ETF. SEC chair Gary Gensler said last month that the SEC is evaluating as many as 10 spot bitcoin ETF proposals. The average fee levied on U.S. ETFs currently hovers around 0.54%, but Ark's proposed fee of 0.80% is significantly lower than the 2% that Grayscale currently charges investors on its spot bitcoin trust. If the SEC does approve some or all of the pending spot bitcoin ETF applications in early January, industry participants and analysts expect a fierce battle for market share to follow.

Persons: Cathie Wood, 21Shares, Gary Gensler, Ark's, It's, Suzanne McGee, Elaine Hardcastle Organizations: ARK Investment Management, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Swiss

☆ What the Binance settlement means for crypto investors—and why it could clear the path for a bitcoin ETF
▼ + stars: | 2023-11-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Industry insiders are cheering the end of a "CZ"-led Binance as a necessary move for crypto going forward. Some say it was perhaps even critical for what could be the next big step for the industry: the approval of a bitcoin ETF. Having this settlement behind us could be the final big, big step needed for this ETF." The crypto industry has long sought the creation of a bitcoin ETF (efforts to launch one go back at least a decade). "Binance is globally the major liquidity pool for crypto trading despite losing market share this year," she said.

Persons: Zhao, Binance, –, Franklin Templeton, Michael Rinko, Sam Bankman, Fried, Rinko, Sam Callahan, Callahan, Yesha Yadav Organizations: Industry, Department of Justice, –, Fidelity, Delphi, Securities, Exchange Commission, Binance, CZ, DOJ, Futures Trading Commission, Treasury Department, BlackRock, Invesco, Ark, Vanderbilt University Law School Locations: BlackRock

☆ The OpenAI shakeup 'blunts the velocity' of the organization, says ARK Invest Chief Futurist
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe OpenAI shakeup 'blunts the velocity' of the organization, says ARK Invest Chief FuturistBrett Winton, ARK Invest Chief Futurist, joins 'Fast Money' to talk the OpenAI shakeup and why it may be opening the door for competitors to catch up.

Persons: Brett Winton Organizations: ARK Invest

☆ Falling prices may sound good, but deflation can be dangerous. Here’s why
▼ + stars: | 2023-11-18 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Falling prices of commodities like copper and lumber “negatively impacted” Home Depot’s third-quarter earnings, CEO Ted Decker told investors on the company’s earnings call earlier this week. In particular, they're noticing consumers pushing off bigger-ticket purchases like appliances, which have become cheaper compared to a year ago. But the problem with deflation is that when people begin to expect lower prices in the future, they have little incentive to make purchases right now. In China, however, prices across all goods and services were 0.2% lower in October compared to the same month last year. He also warned that US-based Walmarts could enter “a deflationary environment.”Besides eggs, other cheaper goods include airfares, gasoline, appliances and smartphones.

Persons: Cathie Wood, ”, Ted Decker, Billy Bastek, ” Bastek, Justin Sullivan, Doug McMillon, Preston Caldwell, “ it’s Organizations: New, New York CNN, Tech, ARK Investment Management, Wall Street, Home Depot, Walmart, Morningstar, CNN Locations: New York, United States, China

☆ Solana surges amid altcoin rally, nearly triples its price over the past month
▼ + stars: | 2023-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood. It has nearly tripled in price in the past month. "Ether was faster and cheaper than bitcoin [back] in the day – that's how we got ether. Activity on Solana has been growing all year, particularly in liquid staking protocols like Jito, according to data provider Kaiko. Solana is up about 510% this year and has been one of the best performing cryptocurrencies of 2023.

Persons: Cathie Wood, Solana, CNBC's, Wood, altcoins, outpacing, Polygon's, XRP, bitcoin, Mikołaj Zakrzowski, blowup, Sam Bankman, Fried Organizations: Ark, CNBC, CNBC PRO, Solana Locations: altcoins, Solana

☆ Cathie Wood says the Grayscale Bitcoin Trust will lose this edge when a bitcoin ETF is approved
▼ + stars: | 2023-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Competition is set to heat up for the popular Grayscale Bitcoin Trust once the Securities and Exchange Commission approves a spot bitcoin ETF in the U.S. ARK in partnership with 21 Shares is in a long line at the SEC to get its application to launch a spot bitcoin ETF approved. Grayscale has been fighting with the SEC to convert GBTC into an ETF. The drumbeat for a bitcoin ETF has been growing louder since this summer. This week, ARK sold $6 million of GBTC shares, which Wood cited as a routine profit-taking event.

Persons: Cathie Wood, …, Wood, Bitcoin, ARK Organizations: Securities and Exchange Commission, U.S, ARK, CNBC, SEC Locations: GBTC, U.S, Canada, Europe

☆ CNBC Pro Talks: Bitcoin bull Cathie Wood breaks down outlook on digital currency amid new ETF hype
▼ + stars: | 2023-11-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Bitcoin bull Cathie Wood breaks down outlook on digital currency amid new ETF hypeBitcoin and crypto equities have outperformed the major stock averages and commodities this year, but should it be part of your portfolio, and how? CNBC's Tanaya Macheel speaks with Cathie Wood, CEO of ARK Invest, about different ways to get exposure to crypto and what's driving the market now and what may be ahead in the coming months.

Persons: Wood, Macheel, Cathie Wood Organizations: ARK Invest

☆ ARK Invest CEO Cathie Wood: Most people understand that bitcoin is the 'money revolution'
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest CEO Cathie Wood: Most people understand that bitcoin is the 'money revolution'Cathie Wood, ARK Invest CEO and CIO, joins 'Squawk Box' to discuss ARK Invest's 5 new ETF products in partnership with 21Shares, SEC's approval of bitcoin ETFs, the state of crypto sector at large, autonomous driving, Tesla, and more.

Persons: Cathie Wood, 21Shares Organizations: ARK Invest

☆ Tesla is the biggest A.I. play in the world, says ARK Invest CEO Cathie Wood
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is the biggest A.I. play in the world, says ARK Invest CEO Cathie WoodCathie Wood, ARK Invest CEO and CIO, joins 'Squawk Box' to discuss ARK Invest's 5 new ETF products in partnership with 21Shares, SEC's approval of bitcoin ETFs, the state of crypto sector at large, autonomous driving, Tesla, and more.

Persons: Tesla, Cathie Wood, 21Shares Organizations: ARK, ARK Invest

☆ Fidelity rolls out suite of new ETFs, slashes fees
▼ + stars: | 2023-11-13 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

Nov 13 (Reuters) - Fidelity launched a group of six new exchange-traded funds (ETFs) Monday and announced sharp reductions on management fees on nearly a third of its total ETF lineup, kicking off what analysts expect to be another strong week for ETF debuts. So far this year, asset managers have launched 419 ETFs, according to Morningstar Direct, taking 2023 a step closer toward breaking the 2021 record of 475 new ETFs. The move will boost Ark's lineup from eight ETFs to a total of 15. The Fidelity products offer fees of 18 basis points to 28 basis points, compared with an average fee of around 63 basis points for actively managed ETFs, according to Bryan Armour, mutual fund analyst at Morningstar. "These are very, very substantial reductions, and the new fees are very low," said Armour.

Persons: John Hooson, Harriman, Bryan Armour, Suzanne McGee, Ira Iosebashvili, Deepa Babington Organizations: Fidelity, Morningstar, Invest, 21Shares, Brown, Thomson

☆ BlackRock plans for ethereum trust fuel speculation about ETF filing
▼ + stars: | 2023-11-09 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Earlier this year, BlackRock registered a bitcoin trust in the same manner and a week later filed an application with the SEC to launch a spot bitcoin ETF. BlackRock declined to comment on the trust's creation or on any plans for an ETF filing. To date, roughly a dozen ETF providers have filed to create spot bitcoin ETFs, or convert existing products into spot ETFs, helping fuel the recent rally in the cryptocurrency. Several other ETF providers that have applied for spot bitcoin ETFs also have sought SEC approval for spot ether ETFs, including Ark Investment Management, Invesco and VanEck.

Persons: Brendan McDermid, Bitcoin, Gary Gensler, Suzanne McGee, Ira Iosebashvili, David Evans Organizations: BlackRock, New York Stock Exchange, REUTERS, SEC, U.S . Securities, Exchange Commission, Ark Investment Management, Thomson Locations: New York City, U.S, Delaware

☆ Investors are jumping into this bond ETF in numbers that rival the ARK Invest bubble
▼ + stars: | 2023-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The furious rise in interest rates appears to be fueling a spike in trading for long-term bond products, even those focused on high quality Treasurys. While many long-term bond funds have seen recent inflows, the iShares 20+ Year Treasury Bond ETF (TLT) is extending its ETF market leadership position. The popularity of ARKK was a classic momentum trade, while bond funds have mostly been crushed over the past year. TLT YTD mountain Long-term bond funds like TLT have fallen sharply in 2023. Klingelhofer did say he was more interested in adding mid-term duration than long-term duration products, however.

Persons: Todd Sohn, ARKK, " Sohn, Sohn, Jeff Klingelhofer, Klingelhofer, Allison Bonds, it's, Bonds Organizations: Treasury Bond ETF, Innovation, CNBC, Thornburg Investment Management, State Street Global Advisors

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 26 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has eight to 10 filings of possible exchange-traded products for bitcoin in front of it for consideration, SEC Chair Gary Gensler said Thursday. Bitcoin has rallied this week on speculation that SEC approval is imminent for a spot bitcoin exchange-traded fund (ETF) - seen as a driver of demand because it would allow investors to obtain direct exposure to the cryptocurrency via an exchange-listed product. To date, the SEC has approved only ETFs tied to bitcoin futures contracts. Anticipation around spot ETFs has been rising after the SEC opted not to appeal a court ruling it had been wrong to reject an application from Grayscale Investments to convert its existing bitcoin trust into a spot bitcoin ETF.

Persons: Dado Ruvic, Gary Gensler, Bitcoin, I'm, Gensler, Jan, Douglas Gillison, Megan Davies, David Holmes Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, Thomson Locations: U.S

☆ The 'No. 1 question' Ark Invest’s Cathie Wood gets on her website
▼ + stars: | 2023-10-21 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

The most popular question on Ark Invest's website has nothing to do with investing in the U.S., according to the firm's CEO and Chief Investment Officer Cathie Wood. 1 question on our website as we track these questions is: Why can't we buy your strategies in Europe?" "We found this little gem of a company inside of AssetCo, which philosophically and from a DNA point-of-view, is very much like Ark," Wood said. She speculates 25% of total demand for Ark's research strategies comes from Europe. "We're terribly impressed with the quality of their [Rise ETF] own research and due diligence," Wood said.

Persons: Cathie Wood, CNBC's, Wood, We're Locations: U.S, Europe, Rize, AssetCo

☆ Cathie Wood explains how the artificial intelligence boom could propel Ark's Innovation ETF
▼ + stars: | 2023-10-20 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Ark Invest's Cathie Wood said this week that investors in her firm's flagship Ark Innovation ETF (ARKK) stand to profit given the artificial intelligence boom. Ark's Innovation fund, which focuses on disruptive technologies such as AI, has gained 17% this year as of Thursday's close. She called out the "Magnificent Seven" mega-cap tech stocks, with the exception of Tesla , the ETF's top holding. We think AI is going to be highly disruptive." For that reason, she suggested that the Ark Innovation ETF was a bet on the future of AI.

Persons: Cathie Wood, Bob Pisani, Wood, Tesla Organizations: Innovation, Ark, CNBC Locations: CNBC's

☆ Mike Novogratz thinks the SEC will approve a bitcoin ETF as early as this year
▼ + stars: | 2023-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The crypto market has effectively been on pause – aside from a quick and short-lived spike this week – as investors wait for the SEC to give the green light to a bitcoin ETF. This week bitcoin, as well as shares of Coinbase , briefly spiked on a false report that BlackRock 's proposed spot bitcoin ETF had been approved by the SEC. BlackRock first filed its application in June and several other institutional players including Galaxy followed, taking BlackRock's move as a bullish signal for bitcoin ETF prospects as well as the long-term trajectory of bitcoin itself. Although no bitcoin ETF has been greenlit still, Novogratz highlighted BlackRock's bitcoin blessing on Wednesday as another sign that "the dialogue with the SEC is all heading in the right direction." Ark Invest CEO Cathie Wood echoed that sentiment this week, telling CNBC's "Halftime Report" the "SEC is engaging with us for a bitcoin ETF application.

Persons: Mike Novogratz, Novogratz, Cathie Wood, CNBC's, bitcoin, Godot Organizations: SEC, Galaxy Investment Partners, Invesco, CNBC Wednesday, Securities and Exchange Commission, Coinbase, BlackRock, Galaxy Locations: U.S

☆ Cathie Wood on AI & a new "growth" revolution
▼ + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS07:25 Cathie Wood on AI & a new "growth" revolution24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"03:11 Cathie Wood on bringing her strategies to Europe08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved

Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe

☆ Cathie Wood on bringing her strategies to Europe
▼ + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS03:11 Cathie Wood on bringing her strategies to Europe24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved

Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe

☆ ETF Edge, October 16, 2023
▼ + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

RELATED VIDEOS24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution03:11 Cathie Wood on bringing her strategies to Europe08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved

Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe

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