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DraftKings Crashes As "Aggressive Prediction Investments" Drive EBITDA Outlook Cut DraftKings shares crashed 24.5% in Friday's premarket trading after the sports betting operator slashed the midpoint of its 2026 adjusted EBITDA forecast to $225 million from $800 million. The mad dash into prediction markets overshad…
Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust Another fast-food franchisee has filed for bankruptcy, becoming the latest casualty of mounting financial pressures squeezing restaurant operators across the United States.Global Midsouth Holding Corp., a franchisee of Checkers and Rally's, filed…
Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate was expected to hold steady at 4.2%.
US Jobs Soar By 165K Blowing Away Estimates; Unemployment Rate Drops Putting Dec Rate Hike Back In Play In our preview of the October jobs report, we said that the labor data has rarely looked this solid going into a monthly payrolls report: claims near 57-year lows, the lowest October layoffs since 2023, JOLTS open…
Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls US futures are higher, led by a sharp rebound in semis and memory names, as dip buyers emerge after Thursday's AI bloodbath which saw the Nasdaq 100 suffer its worst day since March 2020, while traders brace for the October jobs report; a…
Hong Kong companies can survive intense competition in mainland China by being innovative and maintaining high standards, the head of the city’s trade promotion body has said. Hong Kong Trade Development Council chairman Frederick Ma Si-hang said on Friday that the city was also tapping into emerging markets in Sout…
Above-Average Returns: Why The Next Decade Differs Authored by Lance Roberts via Real Investment Advice,Sixteen years of above-average returns came mostly from rising valuations, and that is the one source that cannot be repeated from here.Key TakeawaysSince the end of 2009, the S&P 500 compounded at 14.34% a year, …
Poor training and delayed responses leave farmers struggling to access useful market information.
China has launched two anti-dumping investigations into imports of industrial materials from the European Union (EU) and Japan, adding to a series of trade measures announced this week amid persistent tensions with major trading partners. The Ministry of Commerce said on Friday that it had opened an investigation in…
Rate hikes could be curbed by an Iran war resolution, slower U.S. growth and fresh fiscal policy — but none are set in stone.
Democrats Spent Year Demanding Data Center Moratoriums. They Own The Narrative. Will They Own The Fallout? Thursday's selloff in hyperscaler and neocloud stocks deepened as investors reassessed the mounting risks that the Democratic sweep in the US midterms poses to the AI infrastructure boom. By midday in New York,…
China’s construction expertise has gained fresh international recognition, with Shenzhen named among the top cities to watch for high-rise development in 2027 by a UK industry publication. A skyscraper originally planned as the headquarters of failed property giant China Evergrande Group was among the projects highl…
Investors assessed the path of monetary policy following a blowout October jobs report on Friday.
Almost 600,000 people took to the streets across France on Thursday to protest stagnant wages, the rising cost of living and underfunded schools, as a wave of anger continues to build after nearly a decade under President Emmanuel Macron, just months ahead of presidential elections. The government mobilised 70,000 p…
Indonesia’s climate ambitions are being undermined by devastating wildfires that contradict its emissions-cutting strategy, casting a shadow over Jakarta’s push for a greener economy ahead of the 31st UN Climate Change Conference (Cop31). However, Environment Minister Jumhur Hidayat has doubled down, arguing that hi…
Global markets are being roiled due to concerns over US data centre expansion and AI regulation.
Worries over data center curbs accelerate skid in Asian markets
From tariff turmoil and stock shocks to market meltdowns, the global financial system has never been in such flux.
Dutch asset management firm Robeco is planning to expand its presence in Hong Kong to ride the robust wave of wealth creation in the Asia-Pacific region, CEO Karin van Baardwijk said this week. The Rotterdam-headquartered firm, which had client assets totalling US$464 billion in June, would move into a bigger office…
A senior Iranian lawmaker said the country is letting commercial vessels from China and three other countries bypass restrictions in the tightly controlled Strait of Hormuz, securing China’s access to oil, including a large quantity sold by Iran itself. Ships from China, India, Iraq and Qatar had been “granted exemp…
Fears of tighter regulation on AI data center investments after the US midterm elections have rattled markets, sending South Korea’s benchmark Kospi below the 5,000 mark at one point during intraday trading Friday. According to the Korea Exchange, the index closed at 5,059.69, down 6.02 percent from the previous ses…
European and Asia-Pacific markets slide after Wall Street rout, while latest US jobs report beats forecastsDespite the sharp losses suffered on global stock markets around the world, most indices are still up for the year.The Nasdaq Composite index, for example, is still up 4.6% since the start of January – even tho…
A conversation I had with the future president two decades ago gives us an inkling of what could be ahead.
Akito Tanaka shares his weekly reflections and recommendations
A concise round-up of the region’s top news stories this morning
Over the last month, India's Nifty 50 has gained nearly 9%, while markets with heavy AI exposure, including the U.S., Japan, South Korea and Taiwan are deep in the red.
IOI Group has been working with state utility, eyes more deals
Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, has reported its first year-on-year decline in quarterly profit in over two years amid a slowdown in market turnover, with profits falling 10 per cent compared with the previous quarter. Net profit for the three months to Sep…
Worries over data center curbs accelerate skid in Asian markets
Exclusive Sperm Donor Access For IVF Can Now Cost Up To $70,000 Sperm banks and donor-matching services are expanding premium options for patients undergoing in vitro fertilization (IVF), offering greater control over donor selection, identity disclosure and the number of families permitted to use sperm from the sam…
Pentagon Delivers 25,000+ Drones And Counter-Drone Systems To CENTCOM In A "Massive Surge" Authored by Timothy Frudd via The Epoch Times,The U.S. Department of War announced on Wednesday that a "massive surge" of over 25,000 drone and counter-drone systems were delivered to U.S. Central Command (CENTCOM) this year. …
Congress Demands Closed-Door Briefing With Nvidia's Jensen Huang Over His Alleged Chinese Spy Contact Three House Republican committee chairs have asked Nvidia CEO Jensen Huang to sit for a closed-door briefing on Nov. 18 about his dealings with Alice Huang, the Megaspeed executive they describe in a Nov. 5 release …
Concerns over data center restrictions send Japan's Nikkei average down 7%, KOSPI off by 9%
Asian markets track Wall Street amid concerns over data center restrictions
Multifamily CRE Meltdown Keeps Getting Uglier Authored by Wolf Richter via Wolf Street,There are about $2.3 trillion in multifamily commercial real estate (CRE) loans out there, backed by buildings with rental apartments. The US government, via Fannie Mae and Freddie Mac, holds about $1.2 trillion of that. Fannie an…
With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have c…
Mapped: Socialists Just Captured America's Two Biggest Cities - As 'Blue Wave' Knocks The Market's Teeth In If Nithya Raman's lead in Los Angeles holds, about 14.4 million Americans will live under a socialist mayor, up from 9.4 million before Tuesday, and the country's two largest cities will both be run by members…
Rubio Discussed Exit With White House As Quiet Loyalist Trump "Loves" Emerges As Possible Replacement: Report Secretary of State Marco Rubio is considering leaving the Trump administration following Republicans' devastating midterm election defeat, Bloomberg reports.Rubio and his advisers are weighing his future, wi…
The United States has imposed sanctions on two Chinese companies it accuses of supplying equipment and components to Cuba’s military, as Washington intensifies pressure on Havana’s foreign suppliers and expands its authority to target businesses operating on the island. The US State Department said on Thursday that …
Hedge Fund Walleye Returns Capital, Fires Head Of Equities After Worst Month Since COVID: Read The Full Letter One week ago, when Nomura's Charlie McElligott told clients that the October "pod purge" was the multi-strat model simply "cleansing" itself, we were less sanguine: "we suspect the next round of stop-outs i…
Bills have soared in rural state buffeted by tariffs and war in Iran – and Democrat Adam Hamilton’s stunning upset shows how deep economic frustrations runLinda Olson always does her homework before voting – a trait she inherited from a family invested, and interested, in politics. Her father was a photographer who …
Tuttle Files For New Credit Default Swap ETFs To Bet Against AI Debt Tuttle Capital Management has filed with the SEC to launch five new ETFs that would give everyday investors exposure to a growing concern on Wall Street: the massive amounts of debt being taken on to finance the AI boom, according to the SEC Prospe…
Deepwater's Munster: AI Is "Different This Time" Last night's ZeroHedge Debate brought together AI bull Gene Munster and veteran investor (and AI bear) George Noble for a clash over whether the AI-driven stock market rally is another speculative bubble or the beginning of a much larger technological revolution.Munst…
Iranian Video Threatens To Kill Bessent As State TV Analyst Eyes European Military Bases Authored by Catherine Salgado via PJ Media,Feeling confident and smug after the results of the American midterm election, Iranian terrorists are threatening to assassinate Treasury Secretary Scott Bessent and to rain missiles do…
Australian shares have limped across the finish line but notched a second straight week of gains.
New Zealand's coalition government faces a fragmented and increasingly disenchanted electorate.
Both the Reserve Bank and government are copping blame for things out of their control. But bending to pressure might put us in a worse position.
"Prices Have Just Jumped": Nashville Is Now America’s Unexpected Home Of Ultra-Luxury Nashville is quickly becoming one of America's most desirable cities for business, investment, and luxury living. Once known primarily for country music and entertainment, the Tennessee capital is attracting wealthy individuals, ma…
Tech stocks lead US market slide as investors weigh impact of midterm election results on AI industry.
The buyout offer is being driven by 'strategic considerations'
