Cathie Wood’s Ark Investment Management has racked up more than $300m in fees at its flagship exchange-traded fund since it started nine years ago, while wiping out nearly $10bn of investor cash in the same period. Investors have continued to…
US equity markets are flashing warning signs, according to chief market strategist Chris Watling. Watling, also chief executive of London-based Longview Economics, expects stocks to fall into a bear market over the next three to six months thanks to lofty…
California Governor Gavin Newsom on Wednesday canceled a $54 million contract with Walgreens after the pharmaceutical giant would no longer sell abortion pills by mail in several conservative-led states. Newsom on Wednesday ordered state officials not to renew a contract…
Britain will play a bigger role in a security pact with the US to provide Australia with nuclear-powered submarines than it thought 18 months ago, when the country began negotiating the Aukus treaty, according to several people familiar with the…
Tensions between the US and China have increased over the past few years. Eng Koon Tea AFP Getty Images BEIJING – The US rejected the idea that it wanted to slow down China and said it did not want to…
JPMorgan Chase & Co. is suing Jes Staley to hold the former executive responsible for any damages resulting from a lawsuit accusing the bank of facilitating Jeffrey Epstein’s sex trafficking. The bank on Wednesday filed a third-party complaint against Staley…
House prices are falling in Britain, with estate agents the gloomiest since 2009 and more than two-thirds of the most expensive properties selling below asking prices, according to a survey published on Thursday. The Royal Institution of Chartered Surveyors said…
Omar Marques Lightrocket | Getty Images Capital of Silvergate, the central creditor for the crypto industry, said there is winding down operations and liquidating its bank. Shares fell more than 36% in after-hours trading. Silvergate has become one of the…
OpenAI’s Sam Altman rose to prominence after releasing ChatGPT late last year, but a different area of technology also piqued his interest. The tech entrepreneur has invested $180 million in a company that aims to reverse aging and extend human…
US equities rose slightly on Wednesday as markets digested further comments from Federal Reserve chairman Jay Powell on the pace and duration of higher interest rate hikes to fight inflation. The blue-chip S&P 500 advanced 0.1 percent while the tech-heavy…