ARK Invest’s Cathie Wood is positioning for a White House administration that embraces transformative technology. The firm’s CEO and chief investment officer sees a boom sparked by fewer regulations — no matter who wins the presidential election. “Both candidates have sounded more and more alike,” Wood said Tuesday on CNBC’s ” Fast Money .” “It seems to be a bipartisan issue.” Wood runs the firm’s flagship ARK Innovation ETF (ARKK)

While some investors consider earnings reports boring events, this sentiment changes if the company reporting is highly influential on the market’s direction. Right now, one could argue that artificial intelligence (AI) is the most influential theme in the market, so when the AI leader reports, investors better pay attention. Nvidia (NASDAQ: NVDA) is the undisputed leader in AI investing. Its graphics processing units (GPUs) are the computing muscle behind nearly

Stocks and other financial assets surged Wednesday after Donald Trump was projected as the winner of the U.S. presidential election and the Republican party gained control of the Senate. The Dow Jones Industrial Average climbed 1,503 points, or 3.6%; the broader S&P 500 gained 146 points, or 2.5%, and the tech-heavy Nasdaq Composite rose nearly 3%. Many investors expect Trump’s victory to lead to faster economic growth and more market-friendly policies. “Trump is

It’s finally over. On Monday, by a vote of 59% for and 41% against, the International Association of Machinists (IAM) voted to accept a new four-year contract from Boeing (NYSE: BA). Under the terms of the new contract, IAM members will see wages rise 38% over the next four years, receive higher 401(k) matching funds (but no reinstatement of the company pension), and pay lower healthcare premiums. Most importantly, after

Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China. Vcg | Visual China Group | Getty Images BEIJING — The head of the People’s Bank of China said in a closely watched meeting Tuesday that the central bank planned to maintain supportive monetary policy, according to state media. PBOC Governor Pan Gongsheng added that the

We’re in the early innings of what could be one of the greatest investment megatrends in history. Supercycles surrounding decarbonization and digitalization are powering tremendous needs for computing power and clean energy. Companies will need to invest trillions of dollars in the years ahead to support their digitalization and decarbonization initiatives. Given the massive size of these trends, there will likely be many winners over the long term. However, a

The U.S. Department of Agriculture announced that students eligible for free or reduced-price school meals cannot be charged processing fees, also known as junk fees, beginning in 2027. School districts currently work with processing companies to offer cashless payment systems for families. But the companies can charge “processing fees” for each transaction. By law, students who are eligible for reduced price meals cannot be charged more than 30 cents for

By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development, The plan, which has not been previously reported, represents a strategic pivot by the world’s top selling automaker in the world’s largest

Omar Marques | Lightrocket | Getty Images Trump Media, which experienced a flurry of trading activity Tuesday as a possible proxy for Donald Trump’s presidency chances, revealed after the closing bell Tuesday a loss for the third quarter along with a slight drop in already-meager revenue. The Truth Social parent lost $19.2 million during the period. Revenue fell 5.6% to just $1.01 million from the year-earlier period. The filing was

Ethereum (CRYPTO: ETH) could be on the cusp of a significant rally, according to a well-known crypto analyst, which would see the cryptocurrency skyrocket by nearly 70% to reclaim its all-time high. What Happened: Guy Turner, the host of Coin Bureau, shared insights with his 2.53 million YouTube followers, suggesting that Ethereum (ETH) might reach its all-time high in 2025, following the anticipated Pectra upgrade. The Pectra upgrade, expected in