Tesla (TSLA) “is a solution” to the economy’s turmoil, says Ark Invest CEO Cathie Wood. “We think with supply chain issues, and with [the] food and energy crisis … that once again, innovation is going to help solve these problems,” said Wood during an exclusive interview with Yahoo Finance Live. “There’s been an accelerated consumer preference towards electric vehicles, like Tesla, because of oil prices. And we think there’s no stopping that trend now,” she said. The investment firm’s ARK… Source link
Read More »Free-spending consumers defy economy’s unholy trinity: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 28, 2021 High demand + bottlenecked supply + spiking prices = no relief The economy is still growing — albeit a touch more slowly. And while sentiment indicators suggest otherwise, the consumer still appears more than willing to spend in the face of rising inflation and raging COVID-19 infections. According to Kenneth Leon,… Source link
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