Cathie Wood buys $20.7 million of surging tech stock
Cathie Wood buys $20.7 million of surging tech stock originally appeared on TheStreet.
Cathie Wood, head of Ark Investment Management, is doubling down on tech momentum. She often targets companies she believes have “disruptive” impacts on the future, and she’s been especially vocal about artificial intelligence being a key force in markets today.
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Read MoreStock Market Today: A Historic Quarter Closes on High Notes
The last day of the second quarter and the first half opened on positive notes after the U.S. and Canada restarted trade talks over the weekend. Stocks held modest gains on relatively light volume ahead of Jobs Thursday during a holiday-shortened trading week.
Prime Minister Mark Carney said Canada would not collect a digital service tax scheduled to take effect Monday,
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Read MoreSupreme Court backs away from PBM case, rejecting state efforts to control drug prices in self-funded plans
The court has decided against providing a “writ of certiorari,” or official review, for a ruling by the 10th U.S. Circuit Court of Appeals on Glen Mulready et al. v. the Pharmaceutical Care Management Association.
The 10th Circuit rejected efforts by Oklahoma Insurance Commissioner Glen Mulready to apply state PBM laws — such as a law requiring all PBMs to work with “all willing pharmacies”
Capital Group extends retirement plan services further with a focus on advisors
The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.
Capital Group is deepening its focus on the small- and mid-sized retirement plan market with a slate of updates to its RecordkeeperDirect platform,
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Read MoreJuly 2025 Social Security Payment Schedule: What Beneficiaries Need to Know
Millions of Americans who rely on Social Security and SSI benefits are preparing for July’s round of payments.
With several key dates spread throughout the month, it’s essential for retirees, disabled workers, and low-income recipients to know exactly when their Social Security check is coming—and why some people will see a second deposit in August.
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Read MoreThe Burst
1 Massive Advantage Retail Investors Have Over Hedge Funds
Retail investors are usually playing catch-up and it’s no surprise why. They don’t have a research department, a Bloomberg Terminal on every desk, or a network of analysts and insiders feeding them information in real time. Hedge funds, with their armies of research analysts, data scientists, and software systems, are optimized to gain any edge possible.
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Read MoreThe Ivy
What Does Buffett Know?
When the rest of Wall Street was riding the AI-fueled tech rally last year, the Oracle of Omaha was quietly doing the opposite, selling more stocks than he bought and stacking cash to the tune of a staggering $347 billion. While the S&P 500 was hitting fresh highs and investors were throwing money at growth stocks,
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Read MoreThe Spotlight
Is This Beaten-Down AI Powerhouse a Once-in-a-Decade Buying Opportunity?
Buying the dip can feel like a savvy move, but there’s a fine line between a bargain and a “falling knife.” The trick is knowing which is which.
When a company leads its industry, is riding powerful megatrends, and trades at a rare discount, buying the dip might not just be smart, it might be a steal.
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