Cathie Wood expects a U.S. recession in 2023 that could help her fund’s performance
If the U.S. falls into a recession in 2023, forcing the Federal Reserve to stop hiking interest rates, that could help Cathie Wood’s fund, she says.
CNBC Pro Week: Cathie Wood says disruptive tech will grow 30-fold by 2030 if she’s right
Ark Invest Founder and CEO Cathie Wood sits down with CNBC Pro to share stocks she thinks will revolutionize the tech investing landscape in the coming years amid high interest rates. Wood also breaks down the future of disruptive technology, and why s…
How FTX ‘death spiral’ spelled doom for BlockFi, according to bankruptcy filing
FTX was supposed to be BlockFi’s savior, not their undoing, but BlockFi’s Chapter 11 filing stretches back to spring 2022, beginning and ending with FTX.
Defying forecasts, crude oil prices have wiped out most of this year’s gains and could head lower
Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now.
Elon Musk claims Apple has threatened to remove the Twitter app
Musk even tweeted out a meme that suggested he was “going to war” with Apple over paying 30%.
Beware of these stocks in your portfolio with the biggest China risks as Covid protests erupt
A wave of unrest in China could spell trouble for investors holding stocks with sizeable chunks of revenue exposed to the country.
Disney hiring freeze will stay in place, CEO Bob Iger tells employees
Disney CEO Bob Iger said he won’t remove the company’s hiring freeze and that he will reassess its cost structure.
World Health Organization to rename monkeypox as mpox
The World Health Organization said Monday that it would begin referring to monkeypox as mpox in an effort to reduce stigma around the virus.
Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
BlockFi was one of the first firms to be “rescued” by former billionaire Sam Bankman-Fried’s FTX earlier this year.
European retailers downbeat despite Black Friday boost
Retailers across Europe fear the overall Christmas trading season could be the worst in at least a decade as shoppers cut back.
