ARK Innovation ETF

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.Marco Bello | Getty ImagesThe growth of automation in the workplace will accelerate this decade, with robot workers possibly surpassing human employees at one of the world's biggest companies, according to Ark Invest's Cathie Wood.Amazon's use of automated robots will dramatically change the company's workforce in the…

Some of tech’s biggest losers this year, including Elon Musk and Cathie Wood, haven’t exactly been poster children of successful investing lately. But, especially as tech stocks are starting to look pretty cheap, investors might want to heed at least some of their advice.  Both Mr. Musk and Ms. Wood have publicly blamed rising interest rates for their assets’ poor performance. Ms. Wood published an open letter to the Federal…

It seemed like everyone was in a buying mood on Friday, except Elon Musk. The Dow Jones Industrial Average broke a six-day losing streak, the Nasdaq Composite turned in its second positive session in a row, and the S&P 500 was up over 2%, a small step back from the brink of a bear market, ending the week 16.50% off its 52-week high. But any single-day stock gains in this market are tenuous. The Dow was down for its seventh-consecutive week for the first time since 2001. "We saw the exact same thing in 2000 and 2001,"…

TOKYO— SoftBank Group Corp. 9984 10.64% , one of the world’s most aggressive high-tech investors, said Thursday it lost more money in its last fiscal year than it ever has—$13.2 billion—and will cut back its pace of new investments.“The world is in a chaotic situation,” said Chief Executive Masayoshi Son, citing Covid-19 and Russia’s invasion of Ukraine. “In this chaotic world, the approach we at SoftBank should take is defense.” The rough…