Cathie Wood Says ‘Exploding' Inventories May Augur Weaker Prices [Business News Network (BNN) (Canada)]
BlackBerry Limited (BB)
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Source: Business News Network
The money manager was responding on Thursday to a tweet quoting world's richest man Elon Musk saying the recent inflation surge was due to government pandemic stimulus, even as money velocity held constant. Wood argued consumers are “rebelling against their loss in purchasing power” as they reduce spending. She added that the supply chain bottlenecks connected with rising inflation may have been caused by excessive ordering from companies. ©2022 Bloomberg L.P. Top Picks Top Stories Stocks suffer steepest rout in almost two years Canadian inflation hits new three-decade high of 6.8% on housing BlackBerry sees annual revenues nearly doubling in five years 'Full-blown war' of housing NIMBYism threatens Canada's economy: CAPREIT CEO
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- 4/12/24 - Form 4
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