Commentary Growth investor Cathie Wood, CEO of ARK Investment Management, has endured a lot of criticism for the investment performance of her funds in 2022 and her unbridled evangelism of technology firms. Wood’s biggest fund, the ARK Innovation exchange-traded fund (ARKK), declined 67 percent during 2022. Comparatively, that’s twice the negative 33 percent return of…

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…

NEW YORK—Star stock picker Cathie Wood of Ark Invest cautioned that the Federal Reserve is making a mistake with its widely-expected interest rate hikes to bring down high inflation and said she is more concerned about deflation. The benchmark S&P 500 fell more than 2 percent and Treasury yields surged Tuesday after data showed consumer…

NEW YORK—The Federal Reserve is ignoring signs of deflation as it continues its aggressive interest rate-hike plan to combat inflation and will soon be forced to make a dovish pivot, star stock picker Cathie Wood of Ark Invest said in a webinar on Tuesday. “The market has figured out the Fed is making a mistake,”…

Tesla chief Elon Musk and Ark Invest founder Cathie Wood touted the benefits of active portfolio management while taking aim at the rise of passive investing, with the duo arguing in a series of tweets that the passive trend has gone too far, leading to market distortions and weaker returns for investors. Musk waded into…

NEW YORK—Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S. recession and shutdowns of the car maker’s Shanghai factory due to spiking coronavirus cases. “What we said during COVID about innovation solving problems will move into overdrive,” she told a webinar,…

NEW YORK—Europe’s economy is likely already in a recession as a result of the Russian invasion of Ukraine and the U.S. economy may not be far behind, which will likely prompt companies and consumers to look toward technology to lower costs, star stock picker Cathie Wood of Ark Invest said in a webinar on Tuesday….

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,…

Cathie Wood-led Ark Investment Management on Thursday nearly shed all of its exposure in Netflix Inc. and also sold shares in rival entertainment giant Walt Disney Co. The popular money managing firm sold 2,171 shares—estimated to be worth $839,525—in Netflix on the day shares of the company closed 7.5 percent higher at $386.7 a share. The…

Cathie Wood’s ARK Investment Management, an equities fund that targets growth and innovation stocks, is off to a poor start in 2022 and continuing its downward pattern from last year. Wall Street extended its rough start to the new year Monday, with the leading benchmark indexes in the red. But Wood’s exchange-traded funds (ETFs) have…