Day: August 11, 2024
Fund manager — who’s consistently beaten the S&P 500 — names a key stock to own if recession hits
As fears of a recession grip stock markets and consumers get squeezed, outperforming fund manager Sean Peche is betting on an unexpected retail player: the French multinational Carrefour . Peche, a portfolio manager at Ranmore Fund Management, highlighted the company’s defensive nature and ability to grow earnings amid inflation as a key attractive quality. The […]
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Goldman Sachs names the Japanese stocks to buy right now — and gives 2 over 50% upside
Japan’s stock market had a roller-coaster ride last week, but Goldman Sachs sees several opportunities in the country, naming the “stocks to own” right now. It comes after Japan’s broad-based Topix index plunged 12.23% on Aug. 5 and the benchmark Nikkei 225 index fell 12.4% — its worst decline since 1987’s “Black Monday.” Both indexes […]
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Harris edges out Trump on who voters trust more with the economy, new poll finds
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Harris on Monday compared her election rival Donald Trump to “predators” and “cheaters,” as she attacked the first former U.S. leader to be convicted of a crime. Erin Schaff | Afp | Getty Images […]
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Trump promotes false Harris AI crowd size conspiracy
U.S. Vice President and Democratic Presidential candidate Kamala Harris speaks to supporters during a campaign rally in Romulus, Michigan, U.S., August 7, 2024. Rebecca Cook | Reuters Former President Donald Trump on Sunday accused his November election opponent, Vice President Kamala Harris, of using AI technology to fabricate images of the crowd sizes at her […]
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On paper the stock market should be great, not on a knife’s edge. But that’s the opportunity
When I look at Thursday’s rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that are, therefore, based on nothing. […]
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Hollywood icons of the past take new star turn, with celebrity estates cashing in on AI voice cloning deals
Stars from Hollywood’s golden age are being reborn through celebrity estate AI voice cloning deals, a sign of how some of the “Wild West” concerns about unauthorized AI impersonation are being addressed by new business models. ElevenLabs, an audio technology startup funded by venture capital firms including Andreessen Horowitz and Sequoia has penned multiple deals […]
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LVMH puts mark on Olympics as luxury brands embrace sports
The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games. Stephane De Sakutin | AFP | Getty […]
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‘Deadpool & Wolverine’ tops $1 billion at the global box office
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney The “Merc with a Mouth” is breaking even more box office records. Over the weekend, Disney and Marvel’s “Deadpool & Wolverine” became only the second R-rated film to top $1 billion at the global box office. And it’s on its way to becoming […]
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Harris matches Trump proposal to ban taxes on tips at Las Vegas rally
U.S. Vice President Kamala Harris (L) and Former President Donald Trump Reuters Vice President Kamala Harris pledged to eliminate taxes on tips in the service and hospitality sectors if she wins the presidency, echoing the same proposal former President Donald Trump announced months earlier. Both candidates promised tax-free tips at separate rallies in Las Vegas, […]
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Hindenburg alleges India market regulator chief had stake in offshore funds used by Adani Group
Hindenburg Research website displayed on a laptop screen and Adani logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on February 2, 2023. Nurphoto | Nurphoto | Getty Images U.S. based short-seller Hindenburg Research in a new report released on Saturday alleged that the chairperson of India’s market […]
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