Cathie Wood is the founder of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technology stocks. Wood thinks software companies will be the next big opportunity in the artificial intelligence (AI) industry, predicting they could generate $8 in revenue for every $1 they spend on chips from suppliers like Nvidia.
U.S. stock futures pointed to another day of losses Friday as investors absorbed the message of Fed Chair Jerome Powell that the central bank may not pursue rate cuts aggressively.
Dow Jones Industrial Average futures fell 204 points, or 0.5%, to 43697.
S&P 500 futures dropped 38 points,
U.S. stock futures pointed to another day of losses Friday as investors absorbed the message of Fed Chair Jerome Powell that the central bank may not pursue rate cuts aggressively.
Dow Jones Industrial Average futures fell 204 points, or 0.5%, to 43697.
S&P 500 futures dropped 38 points,
The latest on LeBron James’ possible retirement comes courtesy of ESPN’s Shams Charania. He spoke to Stephen A. Smith on ESPN’s First Take about James’ potential plan following this season.
“[LeBron James] is going to be 40 years old next month,” Charania said. “My sense is next season could potentially be his last season in the NBA.
» Read more about: NBA rumors: Shams hints at LeBron James' retirement plans »
Few investors realize that APA Corporation, formerly Apache Corporation, has quietly become a key player in one of the most sought-after regions for oil and gas exploration: Suriname.
This emerging hotspot may very well reset APA’s growth trajectory but it appears few investors have cottoned on to its promise.
APA Corporation’s joint venture with TotalEnergies in Suriname’s Block 58 is one of the most under-the-radar exploration stories in the energy sector today yet early drilling results have confirmed multiple discoveries,
» Read more about: 51.6% Upside In This Under-the-Radar Energy Play »
Since the launch of the ETFs, Thursday was the third worst day for the bitcoin-linked products. Interestingly, the other two times the ETFs saw outflows of over $400 million was on Nov. 4 ($541.1 million), just prior to the U.S. election, and May 1 ($563.7 million). On Nov. 4, bitcoin bottomed around $67,000 before going on a tear all the way to over $93,000.
The Trump trade looks to have temporarily run out of steam.
U.S. stock futures were pointing to losses early on Friday, continuing a drop started the previous day by producer-price inflation data and comments from Federal Reserve Chair Jerome Powell.
Dow Jones Industrial Average futures were down 216 points,
A coalition of state attorneys general,
» Read more about: Multiple States Sue SEC Over Cryptocurrency Exchange Regulations »
At the Global Leadership Summit, John T. Chambers, Former Executive Chairman of Cisco, shared his views on the potential impact of the new Trump administration on global growth, especially amid the current economic environment. He pointed to the strong response of the US stock market to the election results, highlighting Trump’s focus on economic issues,
» Read more about: The fight over Jerome Powell puts Elon Musk at odds with Wall Street »