Markets

ARK Invest's Cathie Wood says the U.S. is already in a recession

ARK Invest’s Cathie Wood says the U.S. is already in a recession

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, US, on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the US is already in an economic downturn, and she admitted that she underestimated …

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A Tencent Investor Cut Its Stake. That’s Not Bad for China’s Internet Recovery.

Text size Internet conglomerate Prosus and its parent Naspers pared its stake in Tencent, and sold of JD.com. Gilles Sabrie/Bloomberg When a big shareholder starts selling, it’s usually a flag. Internet conglomerate Prosus and its parent company Naspers ‘ decision Monday to pare its stake in Chinese internet company Tencent Holdings , and its earlier …

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Abysmal manufacturing surveys are the latest signs of a major economic slowdown

Abysmal manufacturing surveys are the latest signs of a major economic slowdown

Dismal regional manufacturing readings are sounding alarm bells that business activity is slowing down heading into the summer. The latest bad news came Monday out of Texas, where the Dallas Federal Reserve’s outlook survey for the sector in June pointed to a substantial level of contraction fueled by a plunge in the growth rate of …

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Brookfield's Mark Carney on the firm's new $15 billion bet on the clean energy transition

Brookfield’s Mark Carney on the firm’s new $15 billion bet on the clean energy transition

(Click here to subscribe to the Delivering Alpha newsletter.) Brookfield Asset Management announced last week that it raised a record $15 billion for its inaugural Global Transition Fund. This marks the world’s largest private fund dedicated to the net zero transition, signaling that investors are still committed to establishing cleaner portfolios. However, some blame the …

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Plant-based firms ‘overengineering’ ingredients and ignoring culture – Expert

That was the view of the CEO and founder of Singapore-registered plant-based foodtech firm Dynamic Foodco and ex Quorn exec, Dr Andy Kusumo. He believes too many firms are pushing for consumers to give up meat without ‘thinking out of the box’. “The trend among consumers is that they are aware of sustainability issues, but …

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Stocks Break Out. Will Recent Market Declines Restrain the Fed?

Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving …

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