Investing and Transactions

Markets

Cathie Woods' Ark Investment launches Space ETF

Cathie Woods' ARK Investment is getting in on the space race, launching a Space ETF Tuesday that will focus on "leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth."

Markets

Wells Fargo: No Archegos losses

The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports. 

Markets

Who is Archegos fund manager Bill Hwang?

Losses at Archegos Capital Management have triggered the liquidation of positions approaching $30 billion in value, The Wall Street Journal has reported, and sent the shares of two major investment banks tumbling. Archegos is run by former Tiger Asia manager Bill Hwang. What do we know about Mr. Hwang?

Markets

IPO buys for Sofi members coming

SoFi will allow its customers to invest in initial public offerings (IPOs) of companies, an investment opportunity that has traditionally been reserved for large institutional investors, the online lender said on Friday.

Markets

Robinhood aims to allow users to buy into IPOs: sources

Robinhood Markets Inc is building a platform to “democratize” initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.

Financials

Fidelity plans to launch Bitcoin ETF

Fidelity Investments unveiled plans Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, furthering the money manager’s push to bring cryptocurrencies to mainstream finance.