Author: Press Room
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Nike stock crashed almost 20% after the company reported solid results for Q4 FY 2024, but offered weaker than expected guidance: The world’s leading sports apparel and footwear company said that it expects sales for FY 2025 to be down by about mid single digit. On a long-term basis, however, I think the sell-off creates an attractive opportunity for investors to buy a high quality franchise at bargain prices. In my view, Nike is poised to remain a winner in the sports industry, due to unparalleled brand strength, global market presence, and a best-in-class athlete endorsement strategy. As a function…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseJoe Biden has sought to reassure Democratic donors that he can defeat Donald Trump, after a disastrous debate performance prompted many in his party to call on the US president to abandon his re-election bid.Biden met wealthy backers at a fundraiser in East Hampton, New York, on Saturday afternoon, where the cost of entry ranged from $3,300 to $250,000 per person, according to the invitation. He was expected to attend a separate fundraiser later on Saturday in Red Bank,…
Since I have been a Roger Federer fan for decades, I was eager to watch the new documentary Federer: Twelve Final Days. We get to watch Federer from the time he announces his retirement until he plays his final match at the Laver Cup. What we witness is how difficult it is for him to let go of his calling and identity for most of his life. Federer talks about his emotions at the end of his career and how he plans to still be associated with tennis in some way. He acknowledges how tennis has been so good to…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.000% as of May 31, which is 0.125 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…
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Thesis The VanEck CLO ETF (NYSEARCA:CLOI) is a fixed income exchange-traded fund. We covered this name right when it was issued with a ‘Buy’ rating and encouraged readers to keep holding the name last year: Prior Rating (Seeking Alpha) The ETF has provided for a very robust total return since, but most importantly, it never experienced a severe downturn. We are now revisiting the name after one year to analyze the current collateral composition and highlight why the fund is still a name to hold given its analytics and macro market forecast. Updated holdings analysis The fund has moved towards…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Lambda Labs, a cloud computing start-up that rents out servers powered by Nvidia’s artificial intelligence chips, is in talks to raise another $800mn as it looks to capitalise on the bull market around AI and the scarcity of the most advanced graphics processing units.The proposed deal would vault the company into the ranks of Silicon Valley’s best funded start-ups of recent years, at a time demand is skyrocketing for the computing infrastructure behind the generative AI boom.The funding would add to the…
