Investors Are Bailing on Cathie Wood's ARK Fund

Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion. 


 
Venture Firms Scale Back Megafunds

The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans. 


 
SEC's Crypto Strategy Stumbles in Ripple Case

A federal judge has ruled that some sales of the XRP token aren't covered by a 77-year-old Supreme Court test that created a definition for obscure securities. 


 
Pickleball Craze Won't Decimate Big Insurers

UnitedHealth signals that insurers can weather an increase in procedures for more-active seniors. 


 
Unions Park Their Cash at This Bank. Will They Stick Around?

Amalgamated has big paper losses and a large number of uninsured deposits. 


 
Americans Are Borrowing Again, Which Is Great News for Big Lenders

A returning appetite for debt among consumers is making life a lot easier for big banks such as JPMorgan Chase. 


 
Big-Bank Earnings Show Signs of Soft Landing

Profits from JPMorgan and Wells Fargo make it easy to forget there was a banking crisis this year. 


 
Binance Lays Off Over 1,000 Employees

The crypto exchange is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and abroad. 


 
Wells Fargo's Earnings Get Help From Higher Interest Rates

Wells Fargo posts second-quarter earnings of $1.25 a share on revenue of $20.53 billion. 


 
Robinhood's New Retirement Accounts Put a New Spin on 'You Only Live Once'

The online broker is getting into the retirement business-which calls for a very different kind of trading than its customers usually mean when they "YOLO."


(END) Dow Jones Newswires

07-17-23 0015ET