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Cathie Wood Bets $19 Million More On Jack Dorsey's Block Amid Bitcoin's All-Time High Push, Dumps Shopify Stock

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

On Monday, Cathie Wood-led Ark Invest made significant trades involving Block Inc. (NYSE:XYZ) and Shopify Inc. (NASDAQ:SHOP).

 » Read more about: Cathie Wood Bets $19 Million More On Jack Dorsey's Block Amid Bitcoin's All-Time High Push, Dumps Shopify Stock  »

Trump threatens to sue ‘loser’ Jerome Powell — as SF Fed chief says interest rates finally may fall

WASHINGTON — President Trump unveiled his latest line of attack Tuesday against “loser” Federal Reserve Chairman Jerome Powell — as the chief of the Fed’s San Francisco division told The Post interest-rate cuts finally could be on the horizon.

“Jerome ‘Too Late’ Powell must NOW lower the rate. Steve ‘Manouychin’ really gave me a ‘beauty’ when he pushed this loser,” Trump wrote on social media,

 » Read more about: Trump threatens to sue ‘loser’ Jerome Powell — as SF Fed chief says interest rates finally may fall  »

Stock market today: Dow, S&P 500, Nasdaq futures trade flat as Fed rate cut bets surge after inflation data

US stock futures wavered amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.

Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) hovered around the flatline.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures trade flat as Fed rate cut bets surge after inflation data  »

Thematic funds surge on NFO wave but can the momentum last? Experts advise caution

In July, NFOs were almost 79 percent of the total net inflows into the category. Last month, when there were no NFOs in this segment, the inflow was just Rs 426 crore.

For sectoral and thematic schemes, July was a blockbuster month with the cumulative net flows climbing to Rs 9,426 crore,

 » Read more about: Thematic funds surge on NFO wave but can the momentum last? Experts advise caution  »

Multibagger defence stock rises 15% on Q1 earnings, raising of funds

Shares of Premier Explosives rose over 15% on Wednesday after the company reported its Q1 earnings. The board of the firm also cleared raising of funds up to Rs 300 crore. Premier Explosives stock rose 15% to Rs 491.90 against the previous close of Rs 426.90 on BSE. Total 1.03 lakh shares of the firm changed hands amounting to a turnover of Rs 4.97 crore on BSE.

 » Read more about: Multibagger defence stock rises 15% on Q1 earnings, raising of funds  »

SEBI rejects Anil Ambani’s settlement plea over Yes Bank investments

The Securities and Exchange Board (SEBI) has turned down a settlement proposal from industrialist Anil Ambani regarding charges linked to investments in Yes Bank, placing him at risk of a $208.4 million penalty. SEBI’s investigation uncovered that Ambani’s Reliance Mutual Fund invested $245.3 million in Yes Bank’s additional Tier-1 bonds before the bank’s 2020 insolvency.

 » Read more about: SEBI rejects Anil Ambani’s settlement plea over Yes Bank investments  »

Texas groups form mutual aid funds for illegal immigrants after in-state tuition repeal

Groups aims to lower tuition costs for illegal immigrant students 

Several Texas nonprofits have formed mutual aid funds for illegal immigrant students after a federal judge struck down a state law allowing them to receive in-state tuition.

Students Engaged in Advancing Texas and Texas Students for DEI recently established an emergency fund called Keeping the Texas Dream,

 » Read more about: Texas groups form mutual aid funds for illegal immigrants after in-state tuition repeal  »

Shocking! Over 10,000 fake TikTok and Facebook shops used to spread malware and steal cryptocurrency: Report

Cybersecurity researchers have reportedly uncovered a large-scale campaign in which cybercriminals are using TikTok Shops to distribute malware and defraud users, particularly younger customers.

AI-generated content used to mimic real sellers

According to TechRadar, security analysts at CTM360 found that the perpetrators impersonate legitimate e-commerce sellers,

 » Read more about: Shocking! Over 10,000 fake TikTok and Facebook shops used to spread malware and steal cryptocurrency: Report  »

India’s mutual funds, insurers overtake FPIs in equity wealth for first time in history

For the first time, India’s mutual funds and insurers now control more equity market wealth than foreign portfolio investors, a power shift fueled by relentless retail inflows despite a turbulent year for stocks.

As of July 2025, mutual funds and insurance companies together held ₹72.67 lakh crore in equity assets under custody,

 » Read more about: India’s mutual funds, insurers overtake FPIs in equity wealth for first time in history  »

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