The latest tech sell-off underscores that it’s still a different game for investing in China versus the U.S. “The U.S. decline was primarily triggered by earnings miss[es] from some market leaders, but in China it was mainly sentiment spillover plus portfolio adjustment/rotation,” said Ding Wenjie, investment strategist for global capital Continue Reading
China’s Luckin Coffee opens its first high-end store
Chinese coffee giant Luckin opened its first flagship with premium drinks as the company takes on Starbucks Reserve. Luckin Coffee BEIJING — China’s Luckin Coffee is taking direct aim at Starbucks‘ high-end roastery chain with a new flagship store in the country’s south that sells premium drinks. It’s Luckin’s first Continue Reading
Hims & Hers pulls copycat weight-loss pill after legal threats
Piotr Swat | Lightrocket | Getty Images Hims & Hers on Saturday said that it will pull its copycat weight-loss pill off the market after sparking controversy and threats of legal action earlier this week. “Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders Continue Reading
Trump backs Nexstar’s proposed acquisition of Tegna
Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images President Donald Trump on Saturday endorsed Nexstar Media‘s proposed $6.2 billion acquisition of Tegna, just months after criticizing the deal. “We need more competition against THE ENEMY, the Fake News National TV Networks,” Trump wrote in a Truth Social post. Continue Reading
As ‘Sell America’ market volatility rages on, look to your bonds
Amid recent debate over the so-called “Sell America” trade and capital rotating out of U.S. markets, foreign stocks have received most of the attention. But international bonds, especially emerging market bonds, have also been riding high. “The best performing area in fixed income year to date, and also last year, Continue Reading
Trump administration equity portfolio grows. These are investments so far
The Trump administration has made unprecedented equity investments and obtained other stakes in at least 10 companies over the past year. Many are in critical mineral companies as the White House plots a strategy to directly back mining companies to build a domestic supply chain and reduce dependence on China. Continue Reading
How Gen Z nostalgia for 2016 may revive Abercrombie & Fitch
If you’ve been online the past month at all, you likely encountered at least one hyper-saturated, neon-colored throwback post captioned somewhat along the lines of: “2026 is the new 2016.” What started as a social media meme could be lighting the fire for a broader shift in the cultural zeitgeist Continue Reading
Trump equity stakes pose these risks to U.S. companies and markets
The Trump administration’s portfolio of equity stakes in U.S. companies has reached a scale that is unprecedented outside economic crisis or wartime. The administration has taken stakes or has agreements to do so with at least 10 companies, most of which are publicly traded. The government announced its latest investment, Continue Reading
Terrell Owens on Bill Belichick, Robert Kraft snubs
NFL Hall of Famer Terrell Owens said Wednesday that the recent snubs of New England Patriots owner Robert Kraft and former coach Bill Belichick from the institution show the system is flawed, and someone needs to be held accountable. “It’s just plain dumb” Owens told CNBC Sport in an interview Continue Reading
Automakers mainly skip 2026 Super Bowl advertising
Volkswagen is one of three automakers expected to advertise during the Super Bowl in 2026. Courtesy VW DETROIT — Automakers are largely sitting on the advertising sidelines during this year’s Super Bowl amid uncertainty in the U.S. automotive industry involving sales, tariffs and regulations. Carmakers — historically major buyers of Continue Reading