Category: ARK Invest

Elon Musk Wades Into Inflation Debate as Fed Tees Up Another Jumbo Rate Hike

September 20, 2022
ARK InvestBusiness & MarketsCathie WoodeconomyElon MuskFederal ReserveinflationPolicies & ImpactsUSUS News
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Tech entrepreneur Elon Musk weighed in on the inflation debate as Federal Reserve policymakers prepared to convene for a two-day meeting at which markets expect the central bank to deliver another large rate hike to cool soaring prices. Musk took to Twitter on Sept. 19 to argue that former Treasury Secretary Larry Summers had made…

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Cathie Wood’s ARK Buys the Dip in Tesla Shares After Months of Selling

January 30, 2022
ARK InvestBusiness & EconomyCathie WoodInvestmentMarketsstocksTesla Shares
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Star stock picker and noted Tesla Inc. bull Cathie Wood’s ARK Invest took advantage of a slump in the electric-car maker’s shares following its results, piling into the stock after months of paring back holdings. The investment company bought 33,482 Tesla shares on Thursday, worth nearly $28 million based on the stock’s last closing price,…

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ARK Invest’s Wood Warns Upcoming Economic Downturn in China ‘Obvious’

October 13, 2021
ARK InvestBusiness & EconomyCathie WoodChinaChina Business & EconomyChinese RegimeCompaniesCorporations TrappeddownturneconomicEconomieseconomyMarketsSpecial TopicstechnologyUSUS News
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NEW YORK—An economic slowdown in China could ripple through the global economy and weigh on commodity prices and growth, star stock picker Cathie Wood of ARK Invest warned in a webinar on Tuesday. Wood, whose flagship $19.7 billion Ark Innovation fund was the top-performing U.S. equity fund in 2020, said that China’s recent steps to…

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