Cracks are starting to form in the resiliency of Ark Invest’s retail-driven shareholder base.Cathie Wood’s flagship fund has suffered its largest monthly withdrawal in nearly a year at $820 million.Ark Invest’s main ETF has seen lackluster performance since its February 2021 peak, falling 75%. Loading Something is loading. Cracks are beginning to form in the… Continue reading Cathie Wood’s flagship ARK fund suffers biggest monthly outflow in nearly a year as performance continues to suffer
British pound could near parity with the US dollar next year as energy crisis sends economy into recession, analyst says
The British pound sterling is in danger of sliding further against the dollar, according to Capital Economics. Chief UK economist Paul Dales wrote Wednesday that the energy crisis in Europe will push the UK into a recession. The pound-dollar rate could fall to a record low of around $1.05 by mid-2023, he warned, down from… Continue reading British pound could near parity with the US dollar next year as energy crisis sends economy into recession, analyst says
Catalyst Connect Recognized in Inc. 5000 List of Fastest Growing Private Companies
Catalyst Connect ranked 320th fastest growing software small business in United States, reported growth of 244% by Inc. 5000’s annual list for 2022 Catalyst Connect ranked 320th fastest growing software small business in United States, reported growth of 244% by Inc. , /PRNewswire/ — This month Inc. revealed that Catalyst Connect is No. 2388 on… Continue reading Catalyst Connect Recognized in Inc. 5000 List of Fastest Growing Private Companies
CHESAPEAKE ENERGY CORPORATION ANNOUNCES AMENDMENT OF EXCHANGE OFFERS RELATING TO WARRANTS
, /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) (“Chesapeake” or the “Company”) today announced that it has amended its previously announced exchange offers (each, an “Offer,” and collectively, the “Offers”) relating to its outstanding (i) Class A warrants (the “Class A warrants”), (ii) Class B warrants (the “Class B warrants”) and (iii) Class C warrants (the… Continue reading CHESAPEAKE ENERGY CORPORATION ANNOUNCES AMENDMENT OF EXCHANGE OFFERS RELATING TO WARRANTS
US stocks extend losses to 4th straight session as summer rally fizzles to end the month
US stocks fell Wednesday to mark a fourth consecutive session of declines. Cleveland Fed President Loretta Mester says policy makers should raise rates beyond 4% and deliver no rate cuts in 2023. Wall Street’s major indexes closed August in the red. Loading Something is loading. US stocks fell Wednesday, locking in losses for the month… Continue reading US stocks extend losses to 4th straight session as summer rally fizzles to end the month
China’s oil imports have surged from an area known for offshore ship-to-ship crude mixing meant to hide its origin
China’s imports of Malaysian crude oil have soared to nearly 800,000 barrels per day, according to data compiled by Bloomberg. That’s more oil than what Malaysia actually produces on its own, suggesting some crude arrived from other sources. The waters off Malaysia are known for ship-to-ship transfers that mix crude to hide its origin. Loading… Continue reading China’s oil imports have surged from an area known for offshore ship-to-ship crude mixing meant to hide its origin
The stock market is in for another bottom by year-end as investors are too focused on the Fed and too optimistic about earnings, Morgan Stanley’s investment chief says
The market is in for another bottom before the end of the year, Morgan Stanley’s Mike Wilson said. Wilson thinks markets are too focused on the Fed and are not adequately pricing in earnings risk. He sees the S&P 500 falling as much as 25% in there’s a recession, or 15% if the Fed pulls… Continue reading The stock market is in for another bottom by year-end as investors are too focused on the Fed and too optimistic about earnings, Morgan Stanley’s investment chief says
US stocks see 3-day decline as strong job openings report backs views for a hawkish Fed
US stocks fell on Tuesday, marking a three-day decline, as fresh employment data backed views for a hawkish Fed.Job openings unexpectedly increased to 11.2 million in July, indicating the labor market remains tight.The decline comes just days ahead of the Fed’s planned acceleration of its balance sheet reduction program. Loading Something is loading. US stocks… Continue reading US stocks see 3-day decline as strong job openings report backs views for a hawkish Fed
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