In an interview with CNBC, the economist said the Fed was likely to leave interest rates unchanged this week, but anticipates hawkish messaging amid persistent inflation concerns.
On Wednesday, ARK Investment Management reported purchasing Oklo and X-Energy stocks for a combined value of $3.42 million across multiple exchange-traded funds.
The trades put some of Ark's better-known holdings on the sell side, including AMD, Alphabet, and SpaceX, while its genomics-focused ARK Genomic Revolution ETF continued to add to biotech companies.