HubSpot Shares Tumble As Alphabet Walks Away From Acquisition Talks

Shares in HubSpot tumbled as Alphabet ended acquisition talks. Google stock hit a new all-time high in intraday trading. Read More...

ARK Investment’s Cathie Wood defends strategy in letter to investors

Cathie Wood, founder and CEO of ARK Investment Management, defended the strategy of the firm’s money-losing flagship fund, telling investors in a letter released late on Wednesday that its fortunes will reverse when interest rates fall. The ARK Innovation ETF fund has taken investors on a rollercoaster ride in recent years. In a letter posted on ARK’s website, Wood wrote she fully acknowledged “the macro environment and some stock picks have challenged our recent performance.”


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