Cathie Wood-led Ark Investment Management on Tuesday sold 1,102,797 shares in Signify Health Inc. (NYSE: SGFY), valued at $32.3 million, via two of its key exchange-traded funds.
The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio.
In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.
Cathie Wood-led Ark Investment Management has bought over 100,000 shares of Jack Dorsey’s Block Inc (NYSE: SQ), valued at over $6.9 million based on Wednesday’s closing price.
The VanEck Junior Gold Miners ETF (NYSE: GDXJ) is an exchange-traded fund (ETF) consisting of mostly medium to smallish precious metals companies. For investors looking to diversify broadly in that sector, it’s quite interesting.
Robert Kiyosaki, the author of “Rich Dad, Poor Dad”, is bullish on silver and has advised accumulating the commodity at a time when all other assets including bonds, stocks and real estate are crashing.
As pressure piles on the Indonesian government over surging energy costs, the country is reportedly considering to join its Asian counterparts in buying Russian oil.