FILE PHOTO: Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. REUTERS/Edgar Su/Illustration/File Photo(Reuters) – Star stock picker Cathie Wood’s ARK Invest filed with the U.S. Securities and Exchange Commission on Monday to create a bitcoin exchange traded fund (ETF), the latest fund manager attempting to cash in on investors’ growing interest in cryptocurrencies. […]

The ETF's investment objective is to seek to track the performance of bitcoin, according to the SEC filing. The Securities and Exchange Commission last week again postponed a decision to approve the first bitcoin ETF. Wood — a longtime bitcoin bull — has been buying up proxies for the digital asset in names like Coinbase and Grayscale Bitcoin Trust. Cathie […]

(Reuters) – The Nasdaq jumped to an all-time high on Monday, supported by tech-related stocks as interest rates remain low, while investors awaited data on the U.S. labor market due on Friday.Slideshow ( 2 images )Big tech companies including Microsoft Corp, Apple Inc, Amazon.com Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq. […]

The Commonwealth Bank’s top risk officer says there is fierce competition for workers experienced in fighting financial crime, after it was revealed the country’s largest bank relies on labour hire firms to fill permanent positions with temporary contractors. The Age and Sydney Morning Herald reported last week CBA used recruitment firms Momenta and Hays to fill roles across its anti-money […]

Check out the companies making headlines in midday trading. Intellia Therapeutics – Intellia shares surged 56% after the company announced positive results from a phase one study, along with partner Regeneron, of a gene-editing treatment. The treatment is the first time gene-editing technique CRISPR has been delivered systemically as a medicine to the human body. Other companies involved with CRISPR also […]

LONDON (Reuters) -Britain will lift most of its remaining COVID-19 restrictions on July 19 in what has been dubbed “Freedom Day”, the government said on Monday despite fears that an increase in coronavirus cases could lead to more deaths.Slideshow ( 2 images )Prime Minister Boris Johnson, whose government is again under fire after the resignation of his health minister Matt […]

The S&P 500 and Nasdaq are holding near all-time highs to start out the week. Recent concerns over jobs and inflation have been a little more muted lately as the markets have been climbing. Practically all investors will be looking forward to the June unemployment report coming out on Friday. All this makes for a stock picker’s market, and who […]

FILE PHOTO: A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason LeeBEIJING (Reuters) -China will make its monetary policy flexible, targeted and appropriate, while keeping interbank liquidity reasonable, the central bank said […]