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Wood’s ARK Innovation Fund on pace for best month ever as battered stocks surge

Wood’s ARK Innovation Fund on pace for best month ever as battered stocks surge

By David Randall NEW YORK (Reuters) – Cathie Wood’s ARK Innovation Fund is closing in on the best monthly performance in its history as it rides a rebound in many of the high-growth stocks that took a beating last year. The $7.3 billion ARK Innovation fund is up slightly more than 25% for the month …

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Tesla’s ‘most important catalyst is the Cybertruck’: Fund manager Gary Black

Tesla’s ‘most important catalyst is the Cybertruck’: Fund manager Gary Black

Tesla (TSLA) stock is jumping for a second day as investors and analysts continue to break down what was revealed during Tesla’s Q4 earnings report. While Tesla beat on both the top and bottom lines, CEO Elon Musk’s comments during the conference call really piqued investors’ interest. One of the juiciest nuggets: Following price cuts …

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Here’s the real reason why American Express gives out such big rewards

Here’s the real reason why American Express gives out such big rewards

Armed with impressive rewards and a loyal customer base, AmEx is a giant in the credit card industry. The company’s revenue has increased by over 32% since 2017 when adjusted for inflation and the company’s shares have shown resilience and growth in a tumultuous market. “Discount revenue,” or fees charged to merchants that accept its …

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Why EV Stocks Lucid Group, Rivian Automotive, Tesla Are Rallying Friday

Why EV Stocks Lucid Group, Rivian Automotive, Tesla Are Rallying Friday

Lucid Group Inc LCID shares were ripping Friday and halted on a circuit breaker to the upside in early afternoon trading following rumors circulated by traders the Saudi Public Investment Fund is planning to buy out the remainder of the electric vehicle company. Benzinga has contacted the Public Investment Fund and Lucid Group for comment …

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Tesla’s energy storage business is booming, and it’s just the beginning

Tesla’s energy storage business is booming, and it’s just the beginning

Tesla’s energy storage business is booming with a record year, but it’s just the beginning as we could see volume hit new records quickly. With the release of its Q4 2022 financial results, the automaker released its energy division’s deployment number. Tesla Solar had a good quarter with 100 MW deployed, but the company really …

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Walmart, CVS Health adjust pharmacy hours amid labor crunch

Walmart, CVS Health adjust pharmacy hours amid labor crunch

A woman shops in the pharmacy area of ​​a Walmart store in Mount Prospect, Illinois. Getty Images Walmart Inc. said on Friday it would adjust working hours for its US pharmacy team and implement it nationwide in 4,600 locations, with drugstore operator CVS Health Corp doing the same for about two-thirds of its retail pharmacies, …

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