10 Ark Invest fund shares down on weakening bets on innovation
The Ark Invest flagship fund of renowned investor Kathy Wood has fallen 24% this year as investors have shunned loss-making, innovative technology companies, Business Insider writes. This sharp reversal came amid a rotation out of fast-growing tech stocks in favor…
Christie’s sales in 2021 totaled $ 7.1 billion
The auction house Christie’s has released a report saying it sold art and other collectibles totaling $7.1 billion in 2021, an increase of 54 percent from a year earlier and 22 percent from 2019, the year before the pandemic. According…
Gold price rises amid Omicron worries and weakening dollar
Gold prices rose on Tuesday as a weaker dollar and risks to global economic growth associated with a surge in cases of the Omicron coronavirus strain increased the metal’s appeal as a safe haven. The spot gold price was up…
Global Omicron spread leads to new lockdowns, markets fear consequences for economy
New Zealand on Tuesday postponed a planned border opening due to the widespread spread of a variant of the Omicron coronavirus around the world, with several other countries again imposing a social distance requirement. Many countries are on high alert…
European stocks rise after Monday’s strong sell-off
European stocks are recovering on Tuesday after a sharp sell-off in the previous session, with gains in commodities stocks offsetting concerns about the omics coronavirus strain. The pan-European STOXX 600 index added 0.9 percent. Mining and oil companies led the…