Year

Tag Archives: Year

Cathie Wood’s ARK Invest is bingeing on Bitcoin, Coinbase, and Tesla even as other investors have fled all three this year

Cathie Wood is keeping the faith. While many investors are fleeing Tesla and the crypto space, the ARK Invest CEO remains optimistic about the long-term value of Tesla, Bitcoin, and cryptocurrency exchange Coinbase—all hammered this year—and is investing accordingly. This week, ARK Investment Management funds bought nearly 75,000 shares of …

Read More »

US inflation is history, unemployment may spike, and stocks could surge 15% next year, Jeremy Siegel says. Here are the Wharton professor’s 12 best quotes from this week.

Jeremy Siegel.Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images The inflation threat has passed but unemployment is set to jump, Jeremy Siegel said. The US economy can still avoid a recession with the Fed’s help, the Wharton professor argued. Siegel suggested the stock market has bottomed already and could jump 15% …

Read More »