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Ark's Cathie Wood calls for tax clarity as she rides 'Trump bump'

U.S. tech investor Cathie Wood is calling on Donald Trump's incoming administration to boost economic growth and policy certainty by backdating promised corporate and personal tax cuts to Jan. 1, 2025, she told Reuters. A laggard in recent years, Wood's flagship ARK Innovation exchange-traded fund has surged 17% since Trump's victory, which is expected to bring policy changes that will benefit the fund's holdings. ARKK's other top holdings include Robinhood and Block, both of which could also benefit from friendlier crypto and AI policies.

Airlines Stocks Beat Market by Most in a Decade as Travel Booms

(Bloomberg) -- A record year for travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayMigrant Crisis Pushed US Homelessness to Record High in 2024The S&P Supercomposite Airlines Index has jumped 60% in 2024, compared with a 27% gain for the S&P 500 Index. It’s the best year for the industry gauge since 2014