Author: Press Room
More than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a “Big Short” investor once again sees financial disaster brewing in the real estate market.Dave Burt, CEO of investment research firm DeltaTerra Capital which aims to help clients manage climate risk, was one of the few skeptics who recognized the housing market was on the brink of collapse in 2007.He helped two of the protagonists of Michael Lewis’ bestselling book “The Big Short” bet against the mortgage market in the lead-up to the 2008 global financial crisis. As it turned out, they were right…
Starbucks is betting big on olive oil infused coffee, hoping customers will be enticed by the anomaly and the health benefits of extra virgin olive oil. “It is one of the biggest launches we’ve had in decades,” Brady Brewer, Starbucks’ chief marketing officer, told CNN. Former CEO Howard Schultz added in an interview with Poppy Harlow that it will “transform the coffee industry,” and be “a very profitable new addition to the company.” But what the company may not have taken into account: Some customers say it’s making them have to run to the bathroom. “Half the team tried it…
Watch full video on YouTube
The Japanese government may push to adopt non-fungible tokens (NFTs) in the sports industry.Nikkei reported that Tokyo could move after the ruling Liberal Democratic Party Web3 “Digital Society Promotion” team issues a white paper on the matter.The white paper is yet to be published, but sources appear to have discussed the matter in detail with the media outlet.The white paper, Nikkei explained, will seek to clarify the regulatory picture for NFT-issuing firms and their potential sporting partners.How Could Japan Use NFTs in Sport – And What Are The Problems?The Web3 team has noted that “fantasy sports” are “gaining popularity overseas”…
Watch full video on YouTube
POS infrastructure providers are scrambling to align their offerings mPOS providers are trying to balance demands from upmarket sellers and micromerchants Payment gateways must double down on omnichannel to woo customers Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app As the landscape of market leaders shifts, we forecast that the US point-of-sale (POS) terminal installed base will grow from 17.3 million this year to 20.2 million in 2026, largely due to providers upgrading technology. Consumer and merchant demands for all-in-one solutions are blurring the lines…
A top TikTok lawyer was reportedly asked what the company would do if the app was banned in the US. The lawyer laughed and dismissed the possibility, according to The Verge’s Command Line newsletter. Several countries banned TikTok on government devices, and India has an outright ban on the app. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app TikTok’s top lawyer had an interesting reaction to an employee’s question asked during a recent all-hands meeting, The Verge’s Alex Heath reports.At a recent meeting with…
Occidental Petroleum Corp. (NYSE:OXY) has had a troubled past, but has, since 2020, turned its business model around, with financial and operating results enjoying significant improvement. The firm remains a very good long-term bet, trading at attractive levels compared to the market and its peers. Five Years of Trouble In the last five years, Occidental has earned a total shareholder return (TSR) of nearly -3%. In that time, the S&P 500 has earned a TSR of nearly 55%. Occidental also trailed its peer group, whose market cap. weighted TSR was 39.2%. The peer group consists of BP plc (BP), Chevron…
The chief executive of Astellas has ruled out an exit from China after Beijing detained a local executive of the company last month, a move that sent shockwaves through the Japanese business community in the country.In his first public comments since its employee was arrested in late March on espionage charges, Naoki Okamura said Japan’s second-largest pharmaceutical company by revenue planned to take further steps to diversify its supply chain in China, but cautioned against the incident becoming a catalyst to pull back its presence. “It is true that geopolitical risks are rising,” Okamura said in an interview at the…
Two days after being hit with a lawsuit over a legal opinion that said Idaho’s abortion ban prohibits medical providers from referring patients out-of-state for abortion services, the state’s attorney general said Friday that he is rescinding the analysis. Attorney General Raúl Labrador said a letter from his office had been “mischaracterized as law enforcement guidance sent out publicly to local prosecutors and others.” “It was not a guidance document, nor was it ever published by the Office of the Attorney General,” he wrote in the letter to state GOP Rep. Brent Crane, adding: “Accordingly, I hereby withdraw it.” Labrador’s…
