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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. In recent days, names like Cronos, Tilray and Sundial Growers have seen a pickup in purchases by a...

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 supercharged theories that crypto had made it to the investing mainstream, that Wall Street’s embrace len...

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 portion of the loss is due to the value of her holdings dropping sharply, as speculative tech names with s...

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 U.S., compared to more than $ 60 billion at the February peak. The company is currently the 11th lar...