Cathie Wood Keeps Faith In Tesla With $32M Stake Buy As Shares Drop Nearly 40% This Year
Cathie Wood-led ARK Investment Management has bought over 132,000 shares of Tesla Inc.
The Short List Of Dow Jones Stocks That Are Actually Up This Year: Hint — It’s Very Short
The stock market has had a rough going for the first nine months of the year in 2022. All the major indexes are down year-to-date, including the Dow Jones Industrial Average.
Here’s a look at the four stocks in the index that have posted positive gains in 2022.
British Pound Sees Relief Rally As PM Truss Ditches Tax Cuts For Super-Rich
The United Kingdom Prime Minister Liz Truss has dropped a plan to reduce taxes for the highest earners, giving some much-needed respite for the battered pound.
‘Big Short’ Investor Michael Burry On How Current Market Differs From Dot-Com Bubble Burst: ‘Only Way Out Is By Trampling Each Other’
Legendary investor Michael Burry, who famously bet against the housing market in the run-up to the 2008 financial crisis, is known to be skeptical about passive investing.
Oil Jumps Over 3% As OPEC+ Meet Eyed: Analysts Say This Is The Bare Minimum Supply Cut For Markets To Care
Oil prices soared over 3% on Monday morning in Asian trade after reports indicated the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are likely to consider an output cut of over a million barrel
Cathie Wood Slashes $18M Stake In Spotify, Keeps Binging On This Software Company’s Shares
Cathie Wood-led ARK Investment Management dumped over 200,000 shares of Spotify Technology SA (NYSE: SPOT) on Friday via two of the company’s exchange-traded funds (ETFs).
Bearish On Exxon, Chevron? This Inverse ETF Tracks The Energy Sector
Direxion Energy Bear 2X Shares (NYSE: ERY) was trading flat on Friday after a four-day decline saw the ETF retrace 11% off the Sept. 26 high of $51.45.
ARK Invest Short Sellers Have $2.3B In Profits So Far In 2022
After a horrible 2021 for Cathie Wood, the ARK Innovation ETF (NYSE: ARKK) is down another 59.1% in 2022.
High-growth tech stocks have taken a beating as interest rates have spiked, sending ARK Invest ETFs plummeting.
Bond Yields Are Rising Dramatically: These 2 Dividend ETFs Have Them Beat
The two-year U.S. treasury yield reached 4.167% on Friday. The 10-year U.S. treasury yield hit 3.762%. This allows the yield curve to remain in an inverse relationship, which typically points to a recession.
After A Lackluster Debut Of Its First Crypto ETF, BlackRock Plans Another One
Months after introducing a cryptocurrency exchange-traded fund that has so far failed to attract investors, BlackRock Inc (NYSE: