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Well-known investor Catherine D. Wood is the founder, CEO, and CIO of Ark Invest, an investment management firm. Its flagship fund, ARK Innovation ETF (ARKK), seeks to generate long-term capital appreciation by investing in businesses across the globe that benefit from disruptive innovation. However, Wood’s ARKK ETF has faced a rough patch amid uncertain market […]

To tame surging inflation, the central bank recently raised rates by three-quarters of a percentage point for a third straight time. Moreover, many analysts expect the Fed to raise rates by at least 1.25 percentage points in its two remaining meetings this year. Ken Griffin, Citadel’s founder, and CEO, believes the central bank has a

The stock market has been battling macroeconomic and geopolitical concerns since the beginning of the year. The S&P 500 is down 22.8% year-to-date. The index fell 9.3% in September, closing its worst month since March 2020. Inflation has been a major Achilles heel for the economy, with the Fed’s aggressive interest rate hikes yielding little

So far, 2022 has been a challenging year for the stock market due to rampant inflation, the Federal Reserve’s monetary policy tightening, and geopolitical concerns. The Fed recently announced its third consecutive 75-basis-point hike and hinted at maintaining its hawkish stance until inflation comes under control. Wells Fargo analysts expect steeper rate hikes in the

With a $1.98 billion market cap, Opendoor Technologies Inc. (OPEN) operates a digital platform for residential real estate in the United States. The company’s platform allows consumers to buy and sell a home online. In addition, it offers title insurance and escrow services. Last week, the Federal Reserve announced the third consecutive 75-basis-point interest rate

The near-term market outlook remains cloudy especially as the stock market re-tests the June lows. However, if we take an objective look, the economy and financial markets are in a much worse place. Hopes that inflation may have turned the corner were extinguished following the August CPI. In fact, it showed an acceleration in monthly

Social media giant Meta Platforms, Inc. (META) is facing a slowdown in user growth and competition from TikTok. The company is reportedly planning to lay off employees to reduce expenses in the coming months. If the company goes through with the reductions, it might achieve about $5 billion of annual operating expense savings in the

The stock market environment continues to get more challenging as the S&P 500 retests its yearly lows of around 3,600. It’s tough to make a bull case at this juncture especially given the Fed’s ultra-hawkish stance and inflation seemingly plateauing at these elevated levels. At the same time, there are more indications that the overall

Affirm Holdings, Inc. (AFRM) operates a digital and mobile-first commerce platform in the United States, Canada, and internationally. The company’s platform provides point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer-focused app. It has more than 29,000 merchants integrated into its platform. Fintech companies witnessed a significant surge in demand during the pandemic’s