ORGANIZATION

Cathie Woods' Ark Investment launches Space ETF

Cathie Woods' ARK Investment is getting in on the space race, launching a Space ETF Tuesday that will focus on "leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth."

Wells Fargo: No Archegos losses

The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports.