Cathie Wood has some ground to make up this year. The co-founder, CEO, and ace stock picker for Ark Invest is still trailing the market. Her most popular aggressive growth exchange-traded fund is trading just 3% higher in 2024, well shy of the overall market averages. She’s not standing still. Wood boosted her existing stakes in Amazon (NASDAQ: AMZN), Archer Aviation (NYSE: ACHR), and Joby Aviation (NYSE: JOBY) on Thursday. Let’s take a closer look at three of the 13 stocks that she was buying on Thursday. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market…
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California drivers could face rising gas prices next year following a decision by state regulators to tighten fuel standards aimed at reducing pollution and decreasing reliance on fossil fuels. The California Air Resources Board (CARB) approved the updated standards on Friday, establishing ambitious goals to cut emissions from fuel by 30% by 2030 and 90% by 2045. “The low carbon fuel standard has already successfully created lower-cost, lower-carbon alternatives, and the benefits of the proposal vastly outweigh those costs,” Steven Cliff, CARB’s executive officer, stated last month. CARB estimates that the stricter standards may increase gas prices by approximately 47…
By Eduardo Baptista LIMA (Reuters) – With Donald Trump’s imminent return to the U.S. presidency looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Chinese President Xi Jinping said on Friday that unilateralism and protectionism needed to be rejected in favour of economic globalization. Xi’s critique of protectionism at APEC offers a preview of how China will seek to position itself once Trump takes office in January. Trump has pledged to impose tariffs on Chinese imports in excess of 60% but Beijing and Chinese companies are hoping that his protectionist policies will also irk U.S. allies in Europe and…
A Deutsche Bank historical study of U.S. stocks found the first part of this century to be the second-worst period ever going back to 1800. Even more shocking is that gold easily outperformed the S&P 500 this century. Source link
No matter how President-elect Trump reshapes the Biden administration’s broader climate policies, automakers are already scrambling to prepare for stringent state-level electric vehicle (EV) mandates that are quickly approaching. In California and 11 other predominantly Democratic states that follow its lead, 35% of all new cars sold must be electric beginning with the 2026 model year. Some of these models are set to hit showrooms as soon as next spring. Why it matters: Automakers are far from meeting these ambitious targets. In many states, car manufacturers would need to double or even triple their EV sales within a single year…
Nvidia continues to see an increase in analysts’ price targets, but there are two other updates investors should know about. Source link
Image source: Getty Images The FTSE 100 hasn’t had a reputation for outstanding returns recently. But recent 13F filings indicate that high-powered hedge funds have been opportunities in the UK. By itself, this isn’t a reason to buy (or sell) a stock. But looking at what the smart money has been doing can be a source of ideas that might be worth a closer look. Ashtead Dodge & Cox is a value-focused investment operation. And during Q3, the firm bought around 2.3m shares of industrial equipment leasing company Ashtead (LSE:AHT). So far, that move has worked out very nicely –…
Canada, already the world’s second-largest uranium producer, is experiencing a renewed surge in uranium mining. This momentum is driven by a global shift to nuclear energy as a cleaner solution to climate change. Canada’s resources, which supply over 20% of the world’s uranium demand, are vital for fueling nuclear energy worldwide. Historically, most of Canada’s uranium output came from the eastern Athabasca Basin. But now, the western region is flourishing. Promising projects like Fission Uranium’s PLS and NexGen Energy’s Rook 1 are advancing quickly making the western Basin a future hub of Canadian uranium production. Some other top companies ruling this…
Brad S. Lakhia, the Executive Vice President and Chief Financial Officer of OPENLANE, Inc. (NYSE:KAR), has recently acquired shares in the company. According to a recent SEC filing, Lakhia purchased 4,985 shares of OPENLANE’s common stock on November 13, 2024, at a price of $20.06 per share. This transaction amounts to a total value of approximately $99,999. Following this acquisition, Lakhia’s direct ownership in the company increased to 14,303 shares. OPENLANE, formerly known as KAR Auction Services, Inc., is based in Carmel, Indiana. In other recent news, OPENLANE, Inc. announced the upcoming resignation of its CFO, Brad S. Lakhia, effective…
Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City.Source: NYSEStocks tumbled on Friday as the postelection rally fizzled, placing the major averages on track for sharp weekly losses.The Dow Jones Industrial Average lost 292 points, or 0.68%. S&P 500 slipped about 1.1%, while Nasdaq Composite shed 2%.Pharmaceutical stocks were under pressure after incoming President Donald Trump said he planned to nominate Robert F. Kennedy Jr. to lead the U.S. Department Health and Human Services. The SPDR S&P Biotech ETF (XBI) fell more than 4% and was on pace to register its worst…