Page 2 - Ben Onatibia News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Retail investors' appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing the odds for a broader sell-off in the S&P 500 at a time when it is already about 2 percent off its record high.

The trading app that helped fuel the memeification of the stock market soared and tumbled this week as individuals flipped shares.

Robinhood has officially become a meme stock, and this week’s wild ride could be just the beginning if legions of amateur investors pull money from their old favourites to buy more shares while insiders are dumping them.

Renewed interest in meme stocks began with AMC Entertainment in late May and has spread to new names like Wendy's and Clean Energy Fuels.

Is Amazon the spark that reignites cannabis stocks? After struggling in recent months, companies that focus on the booming marijuana sector could be primed for a takeoff. What’s happening: Everyday investors are increasingly excited about legislation in Washington that could dramatically change US marijuana policy. And on Tuesday,Amazon announced its support for the federal legalization of marijuana — indicating a growing willingness in Corporate America to throw its weight behind the issue...

Coinbase IPO Turns Out to Have Been Bad Day to Splurge on Crypto Bloomberg 7 hrs ago Claire Ballentine and Vildana Hajric (Bloomberg) -- Like many things in markets, crypto managed to maximize the pain. The rise of a slew of coins went on just long enough to pull in a bunch of otherwise sensible money. And then they made them pay. The siren song reached a peak with Coinbase Global Inc.’s market debut on April 14. The direct listing of the largest U.S. crypto exchange superch...

The craze for cryptocurrencies lasted just long enough to pull in a bunch of otherwise sensible money, and then it made them pay.

With tech’s recent pummeling, the cash Cathie Wood is managing in her ETF lineup has just dropped below $40 billion — but her loyal fan base is largely hanging on for the ride. The founder of Ark Investment Management LLC now controls $39.7 billion in her U.S. exchange-traded funds, down from more than $60 billion at a peak in February, according to data compiled by Bloomberg. The firm is now the 11th largest issuer in the U.S., compared with seventh place earlier this year. A huge portio...

According to data collected by Blo Investment, the founder of Ark Investment Management LLC now controls $ 39.7 billion in U.S.-exchanged funds, more than $ 60 billion at the February peak. With the latest blow to technology, Cathie Wood’s money in the ETF’s lineup has dropped to less than $ 40 billion, but the base of her fans is mostly loyal. According to data collected by Blo Investment, the founder of Ark Investment Management LLC controls $ 39.7 billion in exchange-traded funds in the ...