Why Salomon-Owner Amer Sports’ IPO Fell Short In the realm of fashion and sportswear, the initial public offering (IPO) of Amer Sports, the owner of Salomon, Arc’teryx, and Wilson, did not meet the anticipated success. Despite discounting its listing, the company faced challenges in the tepid US IPO market, joining the ranks of other major […]
Saks Bonds Plunge as Investor Update Deepens Cash Concerns
Saks Bonds Plunge as Investor Update Deepens Cash Concerns Saks Global, a prominent player in the retail industry, recently experienced a significant drop in its bond prices following an investor update that failed to alleviate concerns about its financial stability. The company’s bonds took a hit after a call with management that did little to […]
Tech stocks rally after Trump halts tariffs
Tech Stocks Soar as Nasdaq Records Best Day in Decades Tech stocks experienced a significant surge as the Nasdaq jumped over 12% in its best performance in decades. This impressive rally comes in the wake of the Trump administration’s decision to temporarily halt trade tariffs. The market reaction to this news underscores the crucial role […]
Bitcoin Inflows Surge as US Elections Approach
As the political landscape in the United States heats up ahead of the 2024 elections, Bitcoin and other cryptocurrencies are witnessing significant inflows, underscoring the close relationship between politics and market dynamics. Recent data shows that from October 5 to October 11, Bitcoin investment products attracted a staggering $419 million, contributing to an overall influx […]