While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep […]

"It seems pretty clear that the Ark Invest phenomenon is no longer in play," CNBC's Jim Cramer said Friday. The "Mad Money" host attributed that to recent outflows experienced by Ark Invest's family of funds. "We're not seeing major outflows here, but the era of Cathie Wood propping these stocks up with her own buying bazooka, I think, it appears […]

PARIS — Bambuser, a startup that specializes in livestream shopping, has won the annual innovation award of LVMH Moët Hennessy Louis Vuitton for 2021, signaling the channel is on the rise. The luxury group took to the stage at Vivatech for its fifth annual awards ceremony — resuming the tradition after last year’s event was shifted online due to pandemic […]

(Reuters) – The three main Wall Street indexes all finished sharply lower on Friday, after investors were spooked by hawkish interest rate comments by Federal Reserve official James Bullard. The blue-chip Dow and the benchmark S&P 500, which started the week at record closing levels, slumped after Bullard, president of the St. Louis Federal Reserve, said he was among the […]

Asian stocks rose broadly on Monday after the G7 summit ended with a pledge to continue to support economies with investment until pandemic subsidies. Amid inflation worries, investors awaited the U.S. Federal Reserve’s monetary policy meeting scheduled for Tuesday and Wednesday for more clues about the economic recovery and monetary policy. Markets in Taiwan, China and Hong Kong were closed […]

Kyle Dean Massey has announced that he will not return to the Broadway revival of Company when it resumes performances post-shutdown this December. In a since-expired Instagram story, Massey, who, with husband Taylor Frey is expecting the couple’s first child this fall, wrote that he feels “very sad about withdrawing” from the Sondheim musical, but “I will be getting something […]

(Reuters) – Wall Street stocks fell on Friday after comments by Federal Reserve official James Bullard that inflation was stronger than anticipated shook investors’ confidence in their existing positions, sending all three major indexes sharply lower.FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric […]

(CNN)The financial standing of Black and White Americans is anything but equal. When it comes to wealth and income, major disparities persist despite the years of economic prosperity that preceded the coronavirus pandemic. This long-standing racial divide has garnered renewed attention in the Biden administration, which has committed to improving equity as it guides the nation out of the virus-fueled […]

A new study analyzing racial equity in arts funding in New York City finds that public and private contributions to the 18 largest and predominantly white non-profit theater companies garner 92% of total funding, a disparity the study suggests calls into question the industry’s oft-stated commitment to racial equity. The study, called The Visibility Report and released by the Asian […]