Western style clothing, particularly denim, is experiencing a resurgence in popularity that is expected to drive stock market growth over the next several years. According to TD Cowen analyst Oliver Chen, the recent momentum in the denim category is sustainable and is likely to continue until at least the end of 2024. This resurgence is
Finance
The recent resurgence of meme stocks such as GameStop and AMC has once again captured the attention of the market. These stocks saw massive gains, with GameStop surging over 65% and AMC jumping more than 70%. The return of “Roaring Kitty” after three years sparked a new wave of buying in these stocks. However, the
The recent resurgence of “Roaring Kitty” on social media platforms has once again ignited a speculative rally in GameStop shares. The mysterious image shared by Roaring Kitty depicting a man in a chair leaning forward was enough to trigger a buying frenzy among amateur traders. This led to GameStop shares soaring to as high as
There is growing concern among investors regarding Tesla’s future, with investor Danny Moses of “The Big Short” fame warning of a potential significant decline in Tesla’s share price. Despite the stock already being down 32% this year, Moses remains firm in his short position on Tesla. He pointed out that the core business of the
The Inflation Beneficiaries ETF created by Horizon Kinetics is designed to profit from higher rates and is believed to be in a favorable position according to portfolio manager James Davolos. Despite the possibility of the Federal Reserve cutting rates, Davolos believes that the fund is well-positioned for the mature phase of inflation. This perspective differs
European companies in China are facing a tough time as growth slows and overcapacity pressures rise. The EU Chamber of Commerce in China conducted a survey that revealed a significant decrease in profit margins for these companies. State-owned enterprises in China are postponing payments, causing delays in receiving payments for European businesses. This situation is
The Consumer Financial Protection Bureau’s regulation designed to reduce late fees on credit cards by limiting them to $8 per incident faces a serious legal challenge. The U.S. Chamber of Commerce, representing the card industry, took the CFPB to federal court in an effort to block the implementation of the new rule. After weeks of
Uber Technologies experienced a significant drop in its stock price, falling over 8% after releasing its first-quarter results. While the company’s overall revenue exceeded expectations, coming in at $10.13 billion, investors were concerned about the loss of 32 cents per share, which was much higher than the forecasted earnings of 23 cents per share. This
Monzo, a British neobank, made headlines recently after announcing that it had raised an impressive $190 million in a new funding round. This brings the total amount raised by the company this year to an astonishing $610 million. Some of the key investors in this funding round include Hedosophia, a backer of other European fintechs
Brad Gerstner, the Chair and CEO of Altimeter Capital, has made a strategic decision to reduce his exposure in the current market environment. Despite the strong run in technology stocks, Gerstner believes that it is prudent to take some chips off the table. He has trimmed his own exposure by 10 to 20 percentage points