Economy - Finance > Innovations

A client portfolio manager at Cathie Wood's Ark Invest shares which of its ETFs are projected to see the most growth over the next 5 years, and explains the recent downturn in the broader family

1 month ago   |   By Business Insider

Summary List Placement Cathie Wood achieved rock-star status after her flagship fund, ARK Innovation ETF, returned more than 150% in 2020. But the past three months haven't been as friendly to the investor and her collection of exchange-traded funds.
Since hitting a record high in February, ARK Innovation ETF, or ARKK , was down by about 25% as of June 13. Concerns over inflation and high interest rates sent investors scrambling to safe havens, leaving behind high-growth, technology-based stocks such as those that Wood loves to invest in.
Renato Leggi, Ark Investment's client portfolio...
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The top US portfolio manager at $2 trillion Amundi believes a regulatory storm is coming for cryptocurrency. He explains why bitcoin and ether won't play a bigger role in the financial system in 10 years than they do now

The top US portfolio manager at $2 trillion Amundi believes a regulatory storm is coming for cryptocurrency. He explains why bitcoin and ether won't play a bigger role in the financial system in 10 years than they do now

1 month ago   |   By Business Insider

Summary List Placement Cryptocurrencies and their blockchain technology have the potential to disrupt the financial system as we know it today, as they lessen the need for the traditional banking model and lower transaction costs.
But according to the top US portfolio manager and equities head for one of the biggest asset management firms in the world, they will never get the chance to do that - at least in the form that they exist today.
Marco Pirondini of Amundi Asset Management - which oversees $2 trillion in assets - told Insider that he believes the US government will move to regulate...
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Jeff Bezos' 18-year-old space-flight companion reportedly told him he had...

Jeff Bezos' 18-year-old space-flight companion reportedly told him he had never bought anything from Amazon before

Summary List Placement The 18-year-old passenger on Blue Origin's spaceflight on Tuesday had an awkward admission to former Amazon CEO Jeff Bezos during the trip. Dutch... Read more ...

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

The 7-day average cases is the highest since May 6th. The 7-day average hospitalizations is the highest since May 25th. This data is from the CDC . According to the CDC, on... Read more ...

7 great rewards credit cards that fly under the radar - but are worth paying...

7 great rewards credit cards that fly under the radar - but are worth paying attention to

Summary List Placement Some credit cards aren't advertised much, but offer bonuses or perks that make them worth a look. These hidden gems may require you to join a credit... Read more ...

Twitter could rise another 30% as ad spending is set to soar, Bank of...

Twitter could rise another 30% as ad spending is set to soar, Bank of America says

Summary List Placement Twitter stock could rise by about 30% as the social media platform stands to see further growth in advertising sales which have been recovering after the... Read more ...

Mint's first PM raises millions for Monarch, an Accel-backed money...

Mint's first PM raises millions for Monarch, an Accel-backed money management platform

Monarch , a subscription-based platform that aims to help consumers “plan and manage” their financial lives, has raised $4.8 million in seed funding. Accel led the round, which... Read more ...

Free money for all? Mayors hope local tests bring big change

Free money for all? Mayors hope local tests bring big change

By triggering $1,400 stimulus checks for millions of people and expanding the child tax credit for many families, the pandemic offered a clear takeaway for some officials: That... Read more ...

Uber Freight just dropped $2.25 billion on a logistics tech acquisition that...

Uber Freight just dropped $2.25 billion on a logistics tech acquisition that could finally make it profitable

Summary List Placement Uber Freight, the ride-hail giant's trucking division, announced Thursday it has acquired logistics technology company Transplace from TPG Capital for... Read more ...

Investors should look for stocks tied to 'data era enablers' as companies...

Investors should look for stocks tied to 'data era enablers' as companies step up investment in IT infrastructure post-pandemic, Morgan Stanley says

Summary List Placement An IT spending supercycle is underway and stocks that can ride that wave will beat the market, Morgan Stanley analysts wrote in a note on... Read more ...

The Amex Blue Business Plus and Business Cash cards don't usually offer a...

The Amex Blue Business Plus and Business Cash cards don't usually offer a welcome bonus, but new offers have sweetened the deal

Summary List Placement Amex has launched new offers on two of its popular small-business cards . Normally, the American Express Blue Business Cash™ Card and The Blue Business®... Read more ...

Wells Fargo is staffing up its restaurant finance team ahead of an expected...

Wells Fargo is staffing up its restaurant finance team ahead of an expected M&A surge

Summary List Placement Wells Fargo's depleted restaurant financing team has a new leader. Meghan Hinds, a managing director, and 15-year veteran of the bank will take the... Read more ...