The Inflation Beneficiaries ETF, created by Horizon Kinetics in January 2021, aims to capitalize on higher inflation rates. Portfolio manager James Davolos believes the fund is well-positioned for the current economic landscape. Despite the possibility of the Federal Reserve cutting rates this year, Davolos remains confident in the ETF’s ability to thrive in an environment
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SoftBank Group, a Japanese technology investor, is facing challenges as it is expected to report a net loss of 72 billion yen ($462.70 million) for the January-March quarter. This is a significant shift from the 985 billion yen net profit recorded in the previous three months. Despite the success of its core asset, Arm Holdings,
The discussions among Federal Reserve officials regarding whether U.S. interest rates are at an optimal level have deepened in recent times. The assessment of high inflation risks is causing concerns among policymakers, prompting them to evaluate the effectiveness of current policy measures in addressing inflationary pressures. Inflation expectations among consumers have seen a notable uptick,
A recent legal battle between Elon Musk’s X (formerly Twitter) and Israel’s Bright Data involving data scraping has come to an end with a federal judge in California dismissing the lawsuit. X alleged that Bright Data was scraping data from X and selling it, using measures to avoid anti-scraping technology. The lawsuit also claimed violations
Moderna announced on Friday that the Food and Drug Administration has postponed the approval of its respiratory syncytial virus (RSV) vaccine to the end of May due to what they described as “administrative constraints” within the agency. The decision, which was anticipated to be made on Sunday, has left investors on edge as they await
Most Asian stocks showed growth on Friday, following the positive momentum of Wall Street. However, Chinese stocks did not follow this trend as reports surfaced about new trade tariffs targeting the electric vehicles sector. This news caused China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes to fall by about 0.5% each. The anticipation of
Singapore’s Oversea-Chinese Banking Corp (OCBC) has recently reported a 5% increase in first-quarter profit, exceeding market expectations. In a bold move, the bank has also made a S$1.4 billion ($1.04 billion) offer to acquire its insurer arm Great Eastern, showcasing its commitment to strategic investments and portfolio enhancement. The offer, which includes a 37% premium
Reports are indicating that 20th Century Studios’ latest installment, Kingdom of the Planet of the Apes, has kicked off its theatrical run with a bang. Previews for the film have raked in an impressive $6.5M, a figure that includes Thursday night earnings starting from 3 PM, as well as an additional $1.6M from special fan
European companies operating in China are facing an increasingly difficult economic landscape. A recent survey conducted by the EU Chamber of Commerce reveals that as China’s growth slows and overcapacity issues rise, it has become harder for European businesses to maintain profitability in the country. Delays in payments and challenges in enforcing contracts have become
Activist group Politan Capital has made it clear that they are not backing down in the battle for board seats at Masimo. In response to the company’s settlement offer to add one of Politan’s nominees, William Jellison, to the board, Politan’s Quentin Koffey has demanded that not only Jellison be added, but also another nominee,
Chinese electric vehicle manufacturer Zeekr has made headlines with its successful initial public offering (IPO), pricing its shares at $21 – the top end of its range. With the company set to sell 21 million American depository shares, it is expected to raise $441 million when it begins trading on the New York Stock Exchange
The Consumer Financial Protection Bureau’s regulation aimed at reducing late fees on credit cards is facing significant opposition from the card industry, led by the U.S. Chamber of Commerce. The industry sued the CFPB in federal court in an attempt to block the implementation of the new rule, which would cap late fees at $8
The potential merger of Sony and Apollo with Paramount Global has sparked discussions about the strategy the conglomerates might adopt if the deal goes through. One key aspect of their plan is to maintain a steady theatrical release output between both studios, without reducing it. This approach is aimed at ensuring a consistent flow of
Uber Technologies saw a significant drop of over 8% in response to mixed first-quarter results. While the company’s overall revenue surpassed expectations, reaching $10.13 billion, the loss of 32 cents per share was disappointing compared to the forecasted earnings of 23 cents per share. Reddit Shares of Reddit rose by approximately 3% following a report