Yahoo Finance
Bloomberg Markets
Thousands of bankers and lawyers are poised to leave London over the next few years.
Irina Anghel explains where they're going and why. (Source: Bloomberg)
Yahoo Finance
Yahoo Finance
Bloomberg Markets
Tapestry reported strong quarterly earnings driven primarily by its Coach brand, which accounted for $1.6 billion of the $1.9 billion in net sales and continues to deliver double-digit growth. Despite beating on many metrics and providing a revenue forecast in line with estimates for the new fiscal year, the stock fell sharply as investors were expecting more, especially after a 20% run-up prior to the report. (Source: Bloomberg)
Bloomberg Markets
Lee Klaskow, Senior Logistics Analyst at Bloomberg Intelligence, discussed how container shipping companies are managing disruptions caused by route restrictions and geopolitical tensions. Despite only about a third of typical Suez Canal routes currently in use, companies remain confident that full utilization will resume over time, with alternative routes around Africa available if needed. (Source: Bloomberg)
Financial Times
White House says Canada, Japan, EU and others enabling the evasion of levies for $60bn in trade via ‘transshipment scam’
Bloomberg Markets
Goldman Sachs Group Inc.’s agreement to buy Neos Investments for as much as $2.25 billion marks a new front in Wall Street’s ETF battle: paying up for specialist firms that have found growth beyond the industry’s low-fee giants.
Bloomberg Markets
Private-market investing is becoming more accessible, but Ann Berry, Threadneedle Ventures Founder, is warning investors not to confuse accessibility with transparency. She joined Bloomberg Open Interest to explain why valuing private companies requires specialized expertise, why ordinary investors may struggle to assess the underlying businesses, and why these new publicly traded funds require extraordinary trust in their managers. (Source: Bloomberg)
MarketWatch
Massive spending on data centers and AI infrastructure can benefit “HALO” companies: hard assets, low obsolescence.
Yahoo Finance