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 … Read more

Keurig Dr Pepper, CSX, Li Auto and more

Check out the companies making headlines before the bell: Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig’s margins as commodity inflation, especially related to coffee, remains elevated. Lucid Group — … Read more

3 charts that show the UK’s market meltdown

Pound plunge Sterling’s response to the government’s announcement was near-immediate and extreme. The pound lost nearly 3.6% against the dollar Friday and continued to fall Monday when the market reopened. It hit an all-time low below $1.04 early Monday morning in London. It has since recovered slightly, trading around $1.08 at 8:30 a.m. Tuesday, but … Read more

European markets open to close, earnings, data and news

The Bank of England is right to hold off on rate hikes as the pound slumps, investment director says The U.K.’s central bank shouldn’t rush to increase interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the slumping pound. “I don’t think it’s the Bank of England’s … Read more

Stock futures rise more than 1% after S&P 500, Dow close at lowest levels since 2020

Stock futures were higher on Tuesday morning after the market started the week by continuing its dramatic September decline. S&P 500 futures gained 1.42% and Nasdaq 100 futures rose 1.6%. Those tied to the Dow Jones Industrial Average advanced 379 points, or 1.27%. The move in futures comes after five straight days of losses for … Read more

Stocks trade higher after negative start to the week

Visitors stands in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images Shares in the Asia-Pacific were mixed on Tuesday after sharp falls on Monday. The Nikkei 225 in Japan rose … Read more

China’s new electric cars cost more to insure than fuel-powered cars

In China, new energy vehicles typically receive green license plates – which is often easier for residents to apply for versus the blue license plate of a traditional fuel-powered car. Vcg | Visual China Group | Getty Images BEIJING — While Chinese companies churn out new electric cars, local insurance firms think they’re more expensive … Read more

Stock futures are little changed after S&P 500 closes at lowest level since 2020

Stock futures were little changed on Monday evening after the market started the week by continuing its dramatic September decline. S&P 500 futures and Nasdaq 100 futures were flat. Those tied to the Dow Jones Industrial Average rose 10 points, or less than 0.1%. The move in futures comes after five straight days of losses … Read more

Dow falls 300 points as surging dollar adds to market woes, S&P heads for new 2022 closing low

The Dow Jones Industrial Average slipped on Monday and the S&P 500 approached a new closing low for the year as interest rates surged and turmoil rocked global currencies. The Dow dropped 291 points, or 1%. The S&P 500 declined 0.8%, and the Nasdaq Composite slipped 0.2%. The British pound dropped to a record low … Read more

El-Erian says the Fed has made a ‘policy mistake of historical proportions’

Investors are paying the paying the price for the Federal Reserve’s policy mistakes, according to Allianz economic advisor Mohamed El-Erian. “This is a two-part policy mistake of historical proportions,” the former CEO of bond giant Pimco told CNBC’s ” Squawk Box ” in a Monday interview. “Part No. 1 was being seduced by ‘transitory’ and … Read more