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Cathie Wood’s ARK Innovation ETF is down 10% this week, nearing new low for the year

Star fund manager Cathie Wood's flagship fund is getting hit this week and seeing big investor outflows amid a sell-off.Shares of ARK Innovation are down another 3% on Thursday, bringing its weekly losses to nearly 10%. The "disruptive innovation" ETF bounced off its February low of the year earlier

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Microfinance firm CreditAccess Grameen net profit surges 83% to Rs 65 crore in Q4

Microfinance firm reported an 83% jump in consolidated net profit at Rs 65 crore for the fourth quarter despite higher write-off of loans and making additional provision to cover the likely asset stress ahead. The spread of the second wave of Covid-19 pandemic has created challenges for every business.

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Carl Icahn has exited his Herbalife position, according to sources

Carl Icahn, Chairman, Icahn Enterprises and Bill Ackman, Managing Partner, Pershing Square Capital Management at the 2014 CNBC Institutional Investor Delivering Alpha Conference in New York.Heidi Gutman | CNBCCarl Icahn has sold the last of his Herbalife stake, sources familiar with the matter told CNBC's Scott Wapner, closing a

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SBI digital services to be affected due to maintenance on May 7

State Bank of India's various digital services will be affected on Friday evening due to the scheduled up-gradation of the lender's digital banking platforms. Last month, the bank's digital banking platforms, including Yono, Yono lite, internet banking, Unified Payments Interface (UPI) was affected due to maintenance. "We will undertake maintenance activities

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Stocks making the biggest moves midday: Uber, Etsy, Moderna & more

Check out the companies making headlines in midday trading. Kellogg — Shares jumped more than 8% after the cereal and snack food company beat expectations on the top and bottom lines for the first quarter. Kellogg earned an adjusted $1.11 per share on $3.58 billion in revenue, helped by growth

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American Express puts $40 million into a fund to provide loans to small business owners of color

Vice President Kamala Harris (C), Reign Free, Owner of Red Door Catering, Senator Alex Padilla (D-CA) and California Lt. Governor Eleni Kounalakis (D-CA) listen to Luz Urrutia, CEO of Accion Opportunity Fund (front left) and Allison Kelly, Executive Director of Inner City Advisors (Front Right) during a visit to

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