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ARK Invest, the asset management firm founded by Cathie Wood, has divested approximately $36.4 million worth of Robinhood (HOOD) shares, totaling 1.4 million shares, from its three funds.
WeightWatchers (WW International) (NASDAQ:WW) stock is trading higher on Wednesday, with a session volume strong at 31.45 million, compared to an average volume of 3.25 million as per data from Benzinga Pro. WeightWatchers stock is trading higher on continued strength after the company announced on Tuesday that it will add compounded semaglutide to its offering. Semaglutide is an active ingredient in Novo Nordisk A/S’s (NYSE:NVO) ultra popular Wegovy and Ozempic. Over the past year, WeightWatche
(Bloomberg) -- The rally that’s helped US stocks almost double in value over the past five years is tapering off, and investors should expect low but positive returns on their investments, according to Bill Gross.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After Hurricanes and Climate Disasters?From Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSi
Arcadium Lithium shares jumped to their highest level in months Wednesday after Rio Tinto announced it would acquire the lithium miner for roughly $6.7 billion.
(Bloomberg) -- The tech world’s obsession with artificial intelligence is continuing to spur a huge demand for power — supercharging returns in the utilities sector and shaking up the S&P 500 index. Wall Street sees more to come.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way
(Bloomberg) -- Wall Street giants have been flocking to the Middle East for a slice of the region’s vast oil wealth, but escalating tensions between Iran and Israel are throwing up new uncertainties.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way for HomesShould Evictions Be
JPMorgan Chase & Co. (NYSE:JPM) will release earnings results for its third quarter, before the opening bell on Thursday, Oct. 10. Analysts expect the New York-based company to report quarterly earnings at $4.00 per share, down from $4.33 per share in the year-ago period. JPMorgan is projected to report revenue of $41.66 billion, up from $39.64 billion a year earlier, according to data from Benzinga Pro. JPMorgan Chase's J.P. Morgan Asset Management penned a deal to enhance its Morgan Money offe
Helen Of Troy Ltd (NASDAQ:HELE) shares surged after the company reported better-than-expected second-quarter results, reaffirming its FY25 sales and EPS outlook. The company reported a second-quarter sales decline of 3.5% year-over-year to $474.221 million, beating the analyst consensus of $458.237 million. The decrease in sales was primarily driven by a decline in Beauty & Wellness due to lower sales of hair appliances, air purifiers, and humidifiers. Total net sales revenue for the Home & Outd
(Bloomberg) -- S&P Global Ratings is looking at downgrading Boeing Co.’s credit grades to junk, citing the planemaker’s growing cash needs as it suffers from a strike by machinists that looks increasingly likely to wear on. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way for
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