Cathie Wood’s ARK Invest piles into UiPath, trims Tesla

Cathie Wood’s ARK Invest snapped up shares of automation software provider UiPath Inc in its strong stock market debut on Wednesday, while trimming some holdings in Tesla.UiPath’s shares surged 23.2% in their New York Stock Exchange debut, underscoring investors’ appetite for high-growth tech stocks.ARK Invest’s data showed the firm’s exchange...

Politics cast a long shadow over Russian stocks

Foreign investors’ relatively high exposure to Russian equities and the sector’s heavy focus on energy could add to pressure on the country’s stocks, which have struggled to weather recent political storms, analysts said.Russia’s MSCI equity index has crept some 3% higher since the start of the year, not too far...

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