Reported 1 day ago
Cathie Wood, the prominent U.S. tech investor and CEO of ARK Invest, is urging Donald Trump's administration to implement corporate and personal tax cuts retroactively to January 1, 2025, to foster economic growth and market certainty. Following Trump's election, Wood's ARK Innovation ETF has seen a significant surge. She believes the anticipated policy changes under Trump, particularly those benefiting sectors like electric vehicles and cryptocurrency, will stimulate innovation. Wood has expressed her support for a pro-business agenda but emphasizes the need for clarity in tax policy to encourage company investments.
Source: YAHOO