Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year. In a letter to investors … Read More

Cathie Wood isn’t pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies. “Ridiculous,” was essentially Wood’s terse response to news that the S&P 500 ESG Index has dropped Elon Musk’s electric-vehicle … Read More

The probability of a “hard landing” for the U.S. economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division.  “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than … Read More

Carlyle Group Inc.’s acquisition of software company ManTech International Corp. suggests that private equity might be getting more bullish on defense and national-security contractors, research analysts said. Carlyle agreed to buy ManTech for $96 a share in a transaction that values the company at about … Read More

Even the worst markets are supposed to have havens. Some unnerved investors are wondering if this one doesn’t. The S&P 500 is down 16%, its worst start to a year since 1970, according to Dow Jones Market Data. But assets of all kinds are also … Read More

Shares of Robinhood Markets Inc. rocketed Friday, to extend their bounce off a recent record low, after the trading app disclosed a large active investment by Sam Bankman-Fried, who founded and runs the cryptocurrency exchange FTX Trading. The stock HOOD, +24.88% shot up 23.3% in … Read More

It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination … Read More

One of the biggest names in crypto is bullish on the future of Robinhood Markets. That makes sense. But others might think twice before settling down in Sherwood forest. The disclosure on Thursday that Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange FTX, … Read More

Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central … Read More

The wheels have really come off the wagon of the stock market and Cathie Wood’s ARK Invest has, arguably, seen the most dramatic fall from its parabolic rise, amid the current downdraft in markets. However, the S&P 500 SPX, -1.65% hanging on the precipice of … Read More