ARK Invest funds were again mixed on Friday even as the broad markets pushed higher to close out the week. ARKW performed the best out of the group, up 1.3% on the day, while ARKG lagged the rest of the group, down about 0.6%. The gains from last year are slowly sliding away, but Cathie Wood may have something up […]

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen urged lawmakers on Friday to increase or suspend the nation’s debt limit as soon as possible and warned that if Congress does not act by Aug. 2 the Treasury Department would need to take “extraordinary measures” to prevent a U.S. default.FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks as she joins White House Press […]

New York (CNN Business)It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant. But by Friday, stocks were on track to hit record highs. On Monday, the market was deep in the red and the Dow (INDU) recorded its worst day since last October. The S&P 500 (SPX) and the Nasdaq […]

NEW YORK/LISBON (Reuters) – Creditors of Venezuelan state oil company PDVSA are targeting funds held in the firm’s accounts at Portugal’s Novo Banco in an effort to collect hundreds of millions of dollars in unpaid debts.FILE PHOTO: The corporate logo of state oil company PDVSA is seen on a tank at an oil facility in Lagunillas, Venezuela January 29, 2019. […]

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Thursday. The fund bought over 800,000 shares of Quantum-Si Inc. (NASDAQ: QSI), as the price of this ETF lost over 1% on the day. Note that this fund is up significantly in the past year. Specifically, ARK Genomic Revolution ETF (NYSEARCA: ARKG) […]

FRANKFURT (Reuters) – European Central Bank policymakers do not expect to decide on the future of their emergency bond purchase programme in September as there will still be uncertainty over the path of the pandemic at that point, three sources told Reuters.FILE PHOTO: The euro sign is photographed in front of the former head quarter of the European Central Bank […]

OSLO (Reuters) -Norwegian aluminium maker Norsk Hydro reported a sharp jump in second-quarter core profit on Friday that beat expectations, as global economic recovery supported increased demand for the metal.FILE PHOTO: A production line under construction at a casting house in the Norsk Hydro aluminium plant in Karmoey, Norway April 26, 2019. REUTERS/Gwladys FoucheAdjusted earnings before interest, tax, depreciation and […]

The relative outperformance of Singapore stocks regionally has been driven by the country's banks, according to Nomura's Chetan Seth. Looking ahead, the performance of Singapore's banks will be dependent on 10-year Treasury yields in the U.S., Seth said. The Nomura strategist also shared the investment outlook for Malaysia and Indonesia. In this article .SETI .STI .KLSE SINGAPORE — Singapore's markets […]