ECB Tells EU To Control Your Budgets

Dragon Claws/iStock via Getty Images The Federal Reserve is saying very little about the debt creation of the U.S. federal government. So, any concern about the U.S. government deficit is coming from private sources and, at this time, is rather muted. Some debate is taking place, but the ‘noise’ is very modest. Not so in…

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EU’s carbon border tax plans trigger alarm in India

The EU’s planned carbon border tax has triggered alarm in India as the country’s fast-growing heavy industries race to respond to a measure they fear could wipe out one of their biggest markets. Steel, aluminium and other industrial metal producers have grown rapidly in India as the economy has expanded, becoming competitive suppliers to countries…

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Threat of deposit exodus haunts Japan’s regional banks

This month, Japanese digital lender Sony Bank began offering customers a yen deposit account with a taster annualised interest rate of 10.52 per cent — a startling return in a country where savings have earned almost nothing for nearly two decades. For many of Japan’s 62 regional banks, such aggressive competition from online challengers threatens…

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Xi’s climate goals boost China’s nuclear industry

At Karachi’s Paradise Point, on the coastline of Pakistan, China’s long-term ambition for a world-leading nuclear energy industry is coming into view. For nearly half a century, power at the site — Pakistan’s first nuclear operation — was delivered by Canadian-designed reactors. But, last year, Pakistani nuclear officials gave their final approval for new Hualong-1…

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Nearing 10x Sales For Large-Cap Tech

MF3d/E+ via Getty Images In today’s Chart of the Day, we took a look at valuations across the Tech sector and how things stand relative to historical extremes. Below is a quick look at trailing 12-month price to sales ratios (P/S) over the last five years for the large-cap S&P 500 and small-cap Russell 2000…

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Mynaric AG (MYNA) Q4 2023 Earnings Call Transcript

Mynaric AG (NASDAQ:MYNA) Q4 2023 Earnings Conference Call June 7, 2024 12:00 PM ET Company Participants Tom Dinges – Vice President of Investor RelationsMustafa Veziroglu – Chief Executive OfficerStefan Berndt-Von Bulow – Chief Financial Officer Conference Call Participants Greg Konrad – Jefferies Operator Hello, and thank you for standing by. Welcome to Mynaric Fiscal year…

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The Coca-Cola Company (KO) Redburn Atlantic and Rothschild & Co. Consumer Conference – (Transcript)

The Coca-Cola Company (NYSE:KO) Redburn Atlantic and Rothschild & Co. Consumer Conference Call June 20, 2024 8:00 AM ET Company Participants James Quincey – Chairman and Chief Executive OfficerDamian Gammell – Chief Executive Officer, Europacific Partners plc Conference Call Participants Charlie Higgs – Redburn Charlie Higgs Okay. Welcome back everyone. I’m Charlie Higgs, one of…

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Revance Therapeutics: Problems Mounting Amid Legal And Financial Woes (NASDAQ:RVNC)

ljubaphoto/E+ via Getty Images Investment Overview – Revance Fails To Arrest Share Price Slide In 2024 Revance Therapeutics, Inc. (NASDAQ:RVNC) is a Nashville, Tennessee-based pharmaceutical company operating in the field of aesthetics / therapeutics. It markets and sells Daxxify (DaxibotulinumtoxinA-lanm), indicated to treat moderate to severe glabellar lines in the aesthetics market, and to treat…

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Winklevoss Twins Donate $2 Million in Bitcoin to Donald Trump

Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Gemini, have donated 30.94 Bitcoin, valued at over $2 million, to former President Donald Trump’s campaign. Both Cameron and Tyler Winklevoss announced on their X accounts that they contributed 15.47 BTC ($1 million) each to Trump to “put an end to the Biden Administration’s war on crypto,”…

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It’s Time For Gold To Move Higher

Bet_Noire Finally, gold is having an excellent year. Gold has surged by about 35% from its low point of around $1,824 last October to its recent high above $2,450 in May. In my previous article, I outlined my bullish thesis regarding gold and remain constructive on gold here. While we’ve seen increased volatility and consolidation…

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Aurora Cannabis: 1 Step Forward Always Met With 1 Step Backwards (NASDAQ:ACB)

Amax Photo Aurora Cannabis Inc. (NASDAQ:ACB) has successfully refocused the Canadian cannabis company on the medical cannabis market, improving the financials. The biggest issue is the reduced market opportunity and lack of large market prospects. My investment thesis remains Neutral on the cannabis company with limited EBITDA profits and growth opportunities, while the better financials…

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SoFi: Ignore The Market’s Pessimism (NASDAQ:SOFI)

syahrir maulana/iStock via Getty Images Intro & Thesis I initiated coverage of SoFi Technologies, Inc. (NASDAQ:SOFI) in January 2024 with a “Buy” rating, highlighting the company’s long-term growth potential through the synergistic effect of combining traditional finance and banking activities with fintech innovation. Since my initial bullish thesis, the stock is up more than 17%,…

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Canadian Tire: Not Out Of The Woods Yet (OTCMKTS:CDNAF)

JHVEPhoto Canadian Tire Corporation, Limited ‘CTC’ – listed on the TSX under the ticker, (CTC.A:CA) is a Canadian group of companies that includes a Retail segment, a Financial Services division and a REIT, (CRT.UN:CA) The flagship retail business dates back to 1922 and provides Canadians with products for life in Canada across its Living, Playing,…

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Charles Schwab: Losing Ground To Robinhood (NYSE:SCHW)

JHVEPhoto Investment Thesis Recent outages at US brokerage firm Charles Schwab (NYSE:SCHW) have revealed what I believe to be a critical vulnerability in their reliability of both digital banking and trading platforms for US retail investors. These incidents include inaccessibility of client accounts for several hours, which has highlighted a growing concern among some of…

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Market Living On Borrowed Time

solarseven/iStock via Getty Images History doesn’t repeat itself, but it does rhyme.”― Mark Twain. I started investing in the mid-1980s. It didn’t take long to get a lifelong lesson on what happens when investors get far too complacent about the markets. Less than 18 months after I started buying stocks regularly, October 19, 1987, shocked…

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Winnebago Industries, Inc. (WGO) Q3 2024 Earnings Call Transcript

Winnebago Industries, Inc. (NYSE:WGO) Q3 2024 Earnings Conference Call June 20, 2024 10:00 AM ET Company Participants Ray Posadas – VP of IR & Market IntelligenceMichael Happe – President & CEOBryan Hughes – SVP & CFO Conference Call Participants Tristan Thomas-Martin – BMO Capital marketsJames Hardiman – CitiBret Jordan – JefferiesMichael Swartz – Truist SecuritiesNoah…

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Higher earners face greater AI exposure, study finds

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Higher earners such as software engineers and data scientists are more exposed to the impact of artificial intelligence than lower paid workers, according to the latest research on the technology and the labour market. Almost…

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Alibaba: China Remains Uninvestable (NYSE:BABA)

Robert Way In recent years, Alibaba Group Holding Limited (NYSE:BABA) has struggled to create meaningful shareholder value as the deterioration of the Sino-American relations along with the CCP’s strengthening of grip over the Chinese private sector created numerous external and internal challenges that negatively affected the company’s underlying business. Considering that Sino-American relations are not…

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The Kroger Co. (KR) Q1 2024 Earnings Call Transcript

The Kroger Co. (NYSE:KR) Q1 2024 Earnings Conference Call June 20, 2024 10:00 AM ET Company Participants Rob Quast – Senior Director of Investor RelationsRodney McMullen – Chairman and Chief Executive OfficerTodd Foley – Interim Chief Financial Officer Conference Call Participants Rupesh Parikh – OppenheimerRobert Ohmes – Bank of America Meryll LynchUriel Zachary Abraham –…

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Itochu: Recent Developments Are Favorable (Rating Upgrade) (OTCMKTS:ITOCF)

manassanant pamai Elevator Pitch ITOCHU Corporation (OTCPK:ITOCF) (OTCPK:ITOCY) [8001:JP] is rated as a Buy. My earlier January 3, 2024 initiation article touched on Itochu’s capital allocation approach. This update draws attention to ITOCF’s recent corporate developments relating to a potential stock split and the latest acquisition of licensing rights for an apparel brand. A potential…

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