5 October 2022
Chicago 12, Melborne City, USA
Business

Cathie Wood’s new fund gives small investors access to the VC market for just $500

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Cathie Wood’s Ark Invest launched a new venture capital fund, targeting individual investors with a minimum investment of just $500. The […]

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Business

5 things to know before the stock market opens Monday, September 26

Raphael Bostic at Jackson Hole, Wyoming David A. Grogan | CNBC Here are the most important news items that investors need to start their trading day: 1. Bad start for stocks Stocks are still in a funk. The three major indices were down Monday, indicating that last week’s troubles would continue. On Friday, the Dow […]

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Business

Britain’s lurch to Reaganomics gets thumbs down from markets

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuters LONDON — New U.K. Prime Minister Liz Truss may have talked big on “trickle-down economics” during her campaign trail this summer, but no-one could have predicted the swathe of tax […]

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Business

Xpeng breaks out of a lower price range with its more expensive car G9

Xpeng has announced its most expensive car to date. Pictured here at a store in Shanghai, China, on July 2021 are two of Xpeng’s previously released models, a P7 Wing Limited Edition in green and a G3 SUV in blue. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Xpeng has […]

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Business

German government agrees nationalization deal for energy giant Uniper

Uniper has received billions in financial aid from the German government as a result of surging gas and electric prices following Russia’s war in Ukraine. Picture Alliance | Picture Alliance | Getty Images The German government on Wednesday agreed the nationalization of utility Uniper as it strives to keep the industry afloat in the wake […]

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Business

Cathie Wood calls for a significant Fed policy pivot in three to six months, says deflation looms

Ark Invest’s Cathie Wood doubled down on her call for deflation, predicting a big policy reversal from the Federal Reserve in three months at the earliest. “I would not be surprised to see a significant policy pivot in the next three to six months,” Wood said in a tweet Wednesday evening. “The Fed seems to […]

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Business

Market players are starting to fear a major policy error from a central bank

A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The U.S. Federal Reserve last week struck a hawkish tone on combating inflation via monetary policy, but analysts are concerned about […]

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Business

Testing June’s stock market low isn’t a foregone conclusion

Federal Reserve Chair Jerome Powell speaking at Jackson Hole on Friday sought to put a scare in markets, which had been trying to teleport to a moment some months from now when interest rates would peak without serious damage done to stocks or the economy. In placing investors and the public on notice that the […]

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Business

Risk of ‘financial accident’ presents opportunity for investors

The growing risk of a “major financial accident” that causes a market capitulation later in the year could open up opportunities for investors to “pile up on quality risk assets,” according to Beat Wittman, chairman and partner at Zurich-based Porta Advisors. With risks from inflation and an economic slowdown mounting and central banks treading an […]

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Business

Bill Miller wagers on travel, taking stakes in Expedia and United Airlines

Value investor Bill Miller placed his bets on the reopening play last quarter after adding shares in Expedia and United Airlines . Miller added a new holding in travel name Expedia in the second quarter, according to a recent 13F filing. As of June 30, the investor held 616,700 shares totaling $58.5 million, according to […]

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