DIRS.INFO The most relevant business & tech news

related investing news Cathie Wood's ARK Invest keeps buying more crypto assets despite FTX bankruptcy Crypto.com is smaller than FTX but still ranks among the top 15 global exchanges, according to CoinGecko. Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Marszalek has spent the early part of the week trying to reassure users and regulators that the business is fine. FTX CEO Sam Bankman-Fried said his company's assets were "fine" two days before he was desperate for a rescue because of a liquidity crunch. Marszalek said on Monday that this was just a reflection of the assets Crypto.com customers were buying.

☆ From $32 billion to criminal investigations: How Sam Bankman-Fried's empire vanished overnight
▼ + stars: | 2022-11-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Alameda's success spurred the launch of crypto exchange FTX in the spring of 2019. A Twitter fight with the CEO of rival exchange Binance pulled the mask off the scheme. Alameda, FTX and a host of subsidiaries Bankman-Fried founded have filed for bankruptcy protection in Delaware. On Nov. 2, CoinDesk reported a leaked balance sheet showing that a significant amount of Alameda's assets were held in FTX's illiquid FTT token. On Nov. 6, according to Bankman-Fried, the exchange had roughly $5 billion of withdrawals, "the largest by a huge margin."

☆ 'Big Short' investor Michael Burry reveals 5 stocks he bought last quarter - after slashing his portfolio to a single holding
▼ + stars: | 2022-11-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Michael Burry expanded his US stock portfolio from a single holding to six last quarter. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. The value of Burry's portfolio jumped from about $3 million to over $41 million. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Read more: A Michael Burry expert breaks down what makes the 'Big Short' investor special.

☆ Cathie Wood's Innovation ETF draws $1 billion despite a 60% loss. Here's why investors are standing by her
▼ + stars: | 2022-11-11 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

Rather, Cathie Wood's loyal investors have been doubling down on her disruptive strategy this year. Wood's flagship Ark Innovation ETF (ARKK) has reeled in $1.3 billion in new money year to date despite a 60% loss, and that is among the top 3% of all exchange-traded funds in the U.S., according to FactSet. Because of the slight weighting, they could afford to be more loyal and patient despite the drastic drawdown. The Innovation fund is focused on advanced technology companies in areas such as genomics, robotics, internet and fintech. She has been buying the dip in her favorite growth names all year, and so have many of her investors.

☆ Cathie Wood's Innovation ETF surges 13%, on track for its best day ever
▼ + stars: | 2022-11-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Cathie Wood's flagship ARK Innovation ETF staged a dramatic relief rally Thursday on the back of an easing inflation reading . ARKK's biggest holding Zoom Video popped about 12%, while Tesla jumped nearly 7%. The innovation investor has been calling deflation for some time, betting the high prices were caused by temporary Covid-related supply issue. The innovation investor just doubled down on a slew of her favorite stocks this week, unfazed by the turmoil in many of these names. Wood snapped up shares of six companies Wednesday, including adding to some of her largest holdings Zoom Video and Tesla.

All eyes are turning to the latest U.S. inflation figures, but all tongues are wagging about the crash in crypto. U.S. rates market have been comfortable pricing an implied terminal rate above 5%, to be reached some time in the middle of next year, for over a week. Bitcoin sank 10% on Tuesday and 12% on Wednesday to a two-year low below $16,500. The web of holdings and investments between crypto and tech is murky, but real. Tesla shares sank to a two-year low on Wednesday, and Cathie Wood's ARKK Innovation ETF slumped to a five-year low - it is down 80% from its peak last year.

☆ Major tech ETFs saw big inflows this week as investors look to buy the dip from rough earnings
▼ + stars: | 2022-10-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Disappointing earnings reports from some major tech stocks have caused large one-day declines this week, but investors in exchange-traded funds are still embracing the space as a whole. According to FactSet, the four biggest tech and consumer discretionary ETFs by assets have all seen positive inflows over the past week. Cumulatively, the 10 largest long-only funds have pulled in a net positive inflow of about $1.6 billion over the past week. The cash has rolled in despite big earnings misses, with Facebook parent Meta delivering arguably the ugliest performance. The iShares Semiconductor ETF (SOXX) has seen outflows of more than $66 million over the past week.

☆ Ark Invest's Cathie Wood scoops up $13.7 million in Tesla shares after sell-off
▼ + stars: | 2022-10-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Cathie Wood's Ark Invest bought the dip in Tesla shares on Thursday after her beloved EV player sold off on a quarterly revenue miss . The innovation-focused investor added 66,190 shares of Elon Musk's company for her flagship Ark Innovation ETF (ARKK) fund, according to Ark's daily trading data. Shares of Tesla slid about 6.7% Thursday as the company's revenue fell short of expectations. Shares of Tesla are down 41% this year as the company deals with transportation bottlenecks that created a gap between production and deliveries. She previously said there will be almost 8 million electric vehicles sold around the world this year and that number will rise to 60 million in five years.

☆ Here's how to play the bear market - and when to know it's safe buy again
▼ + stars: | 2022-10-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Investors should brace for a 5% stock market decline if the reading comes in above 8.3%, JPMorgan's trading desk said in a note this week. The stock market could continue to tumble in the face of rising inflation and a recession. Investors should wait to get bullish on the falling stock market as inflation and rate-hike concerns continue to roil the valuation norms of the past two decades, according to Bank of America. Has the stock market found a bottom yet? US stock futures rise early Thursday, ahead of the eagerly awaited US inflation data due later this morning.

☆ Michael Khouw's warning: Speculative assets heading much lower
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMichael Khouw's warning: Speculative assets heading much lowerOptimize Advisors' Michael Khouw joins Melissa Lee and the Fast Money traders on 'Options Action' to discuss bearish bets on Ark Innovation, declining performance of bitcoin, and Cathie Wood's request letter to the Fed.

☆ Cathie Wood's Ark is buying stock in space SPAC Rocket Lab
▼ + stars: | 2022-09-28 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

Cathie Wood's Ark Invest is dipping back into a space SPAC, with two of the firm's funds buying up stock in Rocket Lab the past two days. Ark's exchange-traded funds ARKQ and ARKX – which focus on autonomous technology and space exploration, respectively – bought about 729,000 shares of Rocket Lab in trades on Monday and Tuesday, the firm disclosed. While Ark's Rocket Lab position is relatively small, worth about $3 million total, the purchases mark the first recent space SPAC stock the firm has owned since selling its position in Virgin Galactic in May 2021. The purchases by Wood's firm also follow Rocket Lab hosting an investor day in New York, where it gave updates on the progress of its Electron and Neutron rockets, as well as its space systems businessRocket Lab stock was up 3% in trading on Wednesday from its previous close of $4.19 a share. Like many of its space SPAC peers, Rocket Lab shares have been hit hard of late, falling about 72% over the past 12 months.

☆ Wall Street shops get dinged for nearly $2 billion in penalties for failing to police bankers' use of Whatsapp
▼ + stars: | 2022-09-28 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

Some of the world's largest banks from Goldman Sachs to Morgan Stanley will cough up nearly $2 billion in penalties to the US regulators for failing to sufficiently monitor their employees' use of unauthorized messaging apps. At the heart of the matter here are bankers' use of communications platforms like Whatsapp or Signal. These are encrypted messaging apps that bankers regularly use to communicate with clients and even journalists. The largest US banks, boutiques, and European lenders were caught up in a probe around the use of unauthorized messaging apps. Whatsapp, for example, is a popular messaging app with bankers dealing with clients based outside the US.

☆ Cathie Wood's new fund gives small investors access to the VC market for just $500
▼ + stars: | 2022-09-27 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Cathie Wood's Ark Invest launched a new venture capital fund, targeting individual investors with a minimum investment of just $500. "We are doubling down on innovation," Wood said in an interview on CNBC's "Squawk Box" Tuesday. The ARK Venture Fund charges a flat management fee of 2.75%, and does not charge any carried interest or load fees. Ark's flagship Innovation Fund (ARKK) has been under water all year as Wood's disruptive darlings have been some of the biggest victims of rising interest rates.

☆ Jim Cramer explains why a potential U.S. recession would start in the West
▼ + stars: | 2022-09-27 | 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 EmailJim Cramer explains why a potential U.S. recession would start in the West'Mad Money' host Jim Cramer and the 'Squawk on the Street' team discuss markets ahead of the open on Tuesday. Cramer also reacts to ARK Invest CEO Cathie Wood's comments to CNBC that the U.S. is already in a recession.

☆ Crypto’s bear market is unlike others before it. This time the Fed's steering the ship
▼ + stars: | 2022-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +17 min

In any other year, the bitcoin price would have skyrocketed after the BlackRock announcement, but it didn't. Bitcoin hit its all-time high on Nov. 8, less than a week after the Fed first introduced the tapering . "Bitcoin OGs want to believe that it's a risk-off asset – that's a long-term trajectory," said Burak Tamac, senior researcher at CryptoQuant. It's bitcoin that's received so much hostility about being environmentally unfriendly, but myths about the cryptocurrency's environmental impact are slowly being debunked . Beyond bitcoin, crypto remains just a little too out of reach for many.

☆ This large cap fund is staying above water in this bear market by being the 'antithesis of ARK'
▼ + stars: | 2022-09-17 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

James Abate expects that his fund distinguished itself this year by maintaining a traditional bottom-up perspective on stocks. The flagship fund of Cathie Wood's ARK Invest, the ARK Innovation ETF , is down 28% this year. The fund manager maintains a concentrated portfolio of 35 to 50 of his best ideas. The fund manager also incorporates hedging techniques, specifically put options, from time to time to fortress the portfolio during periods of volatility, such as during the pandemic. Before founding Centre Asset Management in 2006, Abate started his career as a manager of valuation services at PriceWaterhouseCoopers in 1987, according to LinkedIn.

☆ Innovation ETF concerned about long-term growth, says Brett Winton, Ark Invest's director of research
▼ + stars: | 2021-12-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInnovation ETF concerned about long-term growth, says Brett Winton, Ark Invest's director of researchBrett Winton, Ark Invest director of research, joins 'Closing Bell' to discuss Cathie Wood's Ark Innovation ETF, which is down 40% from February's peak.

☆ Ethereum's path to $40,000, plus 5 stock picks from Baillie Gifford
▼ + stars: | 2021-05-09 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Wang also laid out a valuation framework that explains how the red-hot cryptocurrency could eventually reach $40,000. Read the full story here:Dave Bujnowski Baillie GiffordDave Bujnowski is an investment manager for the $144.9 million Baillie Gifford US Equity Growth fund, which returned 125% in 2020. He shares 5 stocks set to benefit from the end of the pandemic and a hyperconnected economy. For more tips, tricks, and best practices on your path to financial success, tune in Tuesday, May 18 at 12 p.m.

Search resuls for: "Cathie Wood's"

18 mentions found