China’s leading electric vehicle manufacturer, BYD, has recently announced its acquisition of a 20% stake in its local distributor, Rever Automotive, in Thailand. This move signifies BYD’s commitment to strengthening its presence in Thailand, which is currently its largest market outside of China. The company has established itself as a market leader in the electric
Strategies
Recent movements in U.S. Treasury yields have sparked speculation about the potential impact of the upcoming presidential election. Following the debate between President Joe Biden and Republican challenger Donald Trump, analysts at Yardeni Research noted a significant increase in the benchmark U.S. 10-year Treasury yield. Despite expectations of a decrease in inflation, the yield climbed
The aftermath of President Joe Biden’s performance against Donald Trump in the presidential debate has triggered a recalibration in the U.S. bond market. As investors reassess their positions, there is growing speculation that yields will remain elevated heading into the upcoming presidential election. The surge in the benchmark 10-year yield post-debate highlights the market’s response
Private equity investment in women’s soccer is changing the landscape of the game, providing a new avenue for growth and development. While other major U.S. sports leagues have allowed private equity investors to take passive, minority stakes, the National Women’s Soccer League (NWSL) is leading the way by allowing these firms to take majority control
The performance of hedge funds in the first half of the year has been a mixed bag. While some multi-strategy and systematic funds have seen significant gains, macro funds like Caxton Associates and Brevan Howard have faced challenges. Andrew Law’s Caxton Associates, which focuses on macro economics, finished last month flat after a 4% gain
European corporate earnings are facing uncertainty due to the political situation in France. President Emmanuel Macron’s decision to call parliamentary elections has raised doubts about the country’s fiscal discipline under new governments. Concerns about tax and minimum wage rises have shaken confidence in French blue-chip firms, leading to a decrease in earnings expectations and European
The recent snap parliamentary election in France has brought to light a potential shift towards far-right government, a drastic change that could impact the entire European Union. President Emmanuel Macron’s decision to call for this election after the defeat of his centrist alliance by Marine Le Pen’s National Rally (RN) has sent shockwaves through the
Mt. Gox, once the largest spot bitcoin exchange in the world, met a tragic end a decade ago after being hacked and declaring bankruptcy. The platform claimed to handle around 80% of all global dollar trades for bitcoin and was a pivotal player in the cryptocurrency market. The company, whose name was derived from “Magic:
The rise of Chinese automakers in the global automotive market is projected to be significant, with forecasts suggesting that these brands will hold a 33% market share by 2030. This marks a substantial increase from the 21% market share they are expected to have this year. The growth of Chinese automakers is not limited to
Southwest Airlines recently announced a sharp decline in its second-quarter revenue forecast, causing its shares to plummet by approximately 4% in premarket trading. The airline attributed this downward revision to shifting booking patterns, projecting a decrease in revenue per available seat mile between 4% and 4.5% compared to the previous year. Additionally, Southwest revised its
Disney/Pixar’s Inside Out 2 is set to have a strong third weekend at the box office, with expectations ranging from $55 million to $60 million in domestic earnings. The film is on track to potentially surpass the final domestic gross of Illumination/Universal’s Super Mario Bros Movie, which concluded with $574.9 million. The movie’s success has
Recent economic developments have led to a rise in political uncertainty in major economies around the world. With the first U.S. presidential debate on the horizon and the first round of voting in the French election taking place, investors are wary of how these political shifts could impact their positions in the market. This caution
The construction industry is facing challenges due to extreme heat waves, leading to a slowdown in projects. According to Art Hogan, chief market strategist at B. Riley Wealth, what typically takes two days can now take three or four as builders need to take more breaks. To combat the effects of the heat, some companies
Apple made a surprising announcement on Friday regarding the delayed release of several new features in the European Union. Among these features is the highly anticipated “Apple Intelligence” AI product. The reason cited for this delay is the “regulatory uncertainties” stemming from the EU’s Digital Markets Act anti-trust regulation. This decision raises questions about how