Posts by Amelia Frost
Stocks Fell Again Dragged By Chipmakers and U.S.-Iran Tensions, Wall Street Capped a Weekly Decline
Stocks fell on Friday, with the top benchmarks capping a negative week dragged by chipmakers and escalating tensions between the U.S. and Iran. The S&P 500 dropped 1.01%, while the tech-heavy Nasdaq Composite underperformed falling 1.40%. The Dow Jones Industrial Average plunged 0.77%. Netflix also underperformed, dropping more than 7% even though its earnings report…
Read MoreJefferson Davydd on Why Growth Sports Properties Are the Next Great Asset Class
For decades, the playbook for investing in sports was straightforward: Buy scarcity. An NBA franchise. An NFL team. A top European football club. Limited supply. Proven demand. Long-term appreciation. But as valuations have surged and access has tightened, that strategy has become increasingly difficult to execute—and even harder to outperform. According to sports business advisor…
Read MoreAI Stock Losses Prompt Crackdown On Leveraged ETFs In South Korea
KEY POINTS Driven by a massive wave of retail investors leveraging bets on AI chipmakers Samsung and SK Hynix, the KOSPI index recently slid 25% into a technical bear market, triggering more than half of the circuit breakers in the market’s history over just six months. The extreme price swings are increasingly disconnected from the…
Read MoreThe Economic Toll Of Venezuela’s Earthquake Could Amount To More Than 30% Of Its GDP. Some Are Calling For Sanctions Relief
In the wake of two devastating earthquakes that rocked Venezuela on June 24, numerous economists and humanitarian organizations are calling on the United States and other world powers to lift economic sanctions on the country in order to facilitate its economic recovery. The United Nations has estimated that the economic toll of the natural disaster…
Read MoreWison New Energies Signs EPCIC Contract for Baleine Phase 3 FPSO, Marking Milestone in Its Floating Production Push
Wison New Energies has signed the engineering, procurement, construction, installation and commissioning (EPCIC) contract for the floating production, storage and offloading (FPSO) facility that will serve Eni’s Baleine Phase 3 offshore field in Côte d’Ivoire, with Altera Infrastructure as owner and operator of the FPSO facility. The deal marks a significant milestone for Wison in…
Read MoreWall Street Couldn’t Stop Buying Nvidia. Now Apple Is Worth More As AI Bets Shift And Chipmakers Fall
Apple has reclaimed the title of the world’s most valuable publicly traded company on Friday, overtaking Nvidia in a symbolic shift that reflects changing investor sentiment about the next phase of the artificial intelligence boom. Apple’s market capitalization reached approximately $4.88 trillion during the session, edging past Nvidia’s $4.86 trillion after the AI chipmaker’s shares…
Read MoreJohn Fetterman Threatens To Leave The Democratic Party If It Becomes ‘Anti-Israel’
Sen. John Fetterman is drawing a new red line in his increasingly strained relationship with fellow Democrats, warning that he would abandon the party if it officially adopts what he described as an “anti-Israel” position. Speaking Wednesday at The Hill Nation Summit, the Pennsylvania senator said he remains committed to the Democratic Party for now,…
Read MoreAnne Hathaway Loves These Comfy Heels So Much, She Has Them in Two Colors
Anne Hathaway has fully subscribed to the mantra “If I like it, I’ll just get it in another color.” On July 16, Hathaway stepped out in New York City in one of her most casual ensembles amid The Odyssey’s epic press tour. The same day the 43-year-old actor—who is currently pregnant with her third child—wore…
Read MoreAer Lingus Is Cutting Four U.S. Routes. Hundreds Of Jobs Could Be Affected.
Aer Lingus is cutting four routes to the United States and scaling back several European services as part of a wider effort to reduce costs and improve profitability, a move that could place up to 500 jobs at risk across the airline. The Irish carrier said it will discontinue its Dublin-Las Vegas, Dublin-Denver and Dublin-Minneapolis…
Read MoreShein Once Chased a $100 Billion IPO. Now It’s Preparing to Go Public at Half That Value
Shein has cleared a major hurdle in its years-long effort to secure an IPO after securing approval from the Hong Kong Stock Exchange’s listing committee, according to different reports. The decision moves the fast fashion giant closer to launching one of the most anticipated initial public offerings in Asia following unsuccessful attempts to list in…
Read MoreWhy South Korea Just Banned New Leveraged ETFs for Samsung and SK Hynix
SEOUL — South Korea’s financial regulators moved Thursday to temporarily block any new single-stock leveraged exchange-traded funds tied to Samsung Electronics and SK Hynix while sharply raising the requirements for investors already trading the products. The measures aim to reduce the risk that these vehicles will continue to amplify swings in the Kospi, the benchmark…
Read MoreNetflix’s Earnings Report Was In Line With Analysts’ Estimates. Its Stock Plunged Anyway
Netflix’s earnings report was in line with analysts’ estimates. Its stock plunged anyway Getty Images Netflix’s earnings report was in line with analysts’ estimates. Its stock plunged anyway, falling by double digits on Friday before pairing some losses. The company reported $12.56 billion in revenue, a 13% inter-annual increase, just below analysts’ expectations. The company…
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