Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images It’s been a dismal week for Cathie Wood’s flagship fund, Ark Innovation, that’s left nearly all of her holdings in bear market.
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FatCamera | E+ | Getty Images Almost half of U.S. families with young children have faced a high risk of falling into poverty in the first six years of their children’s lives, according to new academic research. What put those families at risk? Insecure or precarious parental work, according to a study from experts at
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With the adoption of its new budget in mid-November, North Carolina has reinforced its position as a leader in pro-growth tax reform, becoming the 12th state to enact income tax rate reductions in 2021 alone. (An additional four states implemented income tax cuts in 2021 that were previously adopted or were automatically triggered upon meeting
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Billionaire investor Charlie Munger still isn’t a fan of cryptocurrency. “I wish they’d never been invented,” Munger said at the Sohn conference in Sydney on Friday, according to The Australian Financial Review. “I admire the Chinese, I think they made the correct decision, which was to simply ban them,” Munger added. This year, interest in
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Key Findings: Excessive tax rates on cigarettes in some states induce substantial black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources. New York has the highest inbound smuggling activity, with an estimated 52.2 percent of cigarettes consumed in the state deriving from smuggled sources in 2019. New
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A sign showing entry only for “2G,” the term in Germany for people who are either vaccinated against or have recently recovered from Covid-19. Jens Schlueter | Getty Images German lawmakers have implemented new curbs for the unvaccinated and made plans to vote on making Covid vaccines mandatory. National and regional leaders agreed on Thursday
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DocuSign CEO Daniel Springer. Source: DocuSign DocuSign shares plummeted by almost 30% in extended trading on Thursday after the developer of e-signature software provided a forecast for the end of the year that missed analysts’ estimates. Fourth-quarter revenue will come in at between $557 million and $563 million, DocuSign said in its earnings report for
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In this article NOC Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO
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Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. The federal government, big banks and mortgage servicers started emergency programs when the pandemic hit early last year, shutting down vast swaths of the economy. The bailouts allowed millions of homeowners to miss payments, some for up
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