Share to Twitter Share to Linkedin If there’s one accessory to pack for your summer travels, make it a watch. Both stylish and functional, a watch ensures you arrive on time and in style. Do you need to bring different timepieces for all your activities? Not according to Eugene Tutunikov, CEO of SwissWatchExpo , an Atlanta-based luxury watch retailer. “All you need is one watch that will suit a variety of situations,” he says. Whether your summer jaunt features the sun, the sea or the slopes, these watches will add a dose of chic to your ensemble so you can maximize your vacation time. Destination: Amalfi Coast Wear this watch: “Along with their seamless Italian craftsmanship, Panerai watches are best known for their nautical nature — they’re the perfect accessories for sunshine and sailing,” Tutunikov says. “The Panerai Radiomir comes in the brand’s signature cushion silhouette but with a slimmer profile that gives it a dressier feel. A … [Read more...] about 7 Watches For Your Summer Adventures
Little known stocks to watch
Meme stocks are back, BBBY! advertisement advertisement The traders on internet message boards like Reddit’s WallStreetBets are back at it again, as shares of Bed Bath & Beyond have surged almost 100% since last Friday. Shares of AMC Entertainment and even GameStop have seen significant movement too in recent days. But Bed Bath & Beyond has, by far, been the most-mentioned stock on WallStreet Bets over the past 24 hours, according to data from Quiver Quantitative. However, there was another company whose stock was among the most mentioned, and it’s probably one you’ve never heard of: Magic Empire Global (ticker MEGL), a Hong Kong-based finance company that went public on Friday. Magic Empire Global’s shares saw their value skyrocket—from $4 per share to nearly $236 per share, an increase of almost 5,800%. On Monday, the stock ended its magical ride, to a degree, and as of roughly 1 p.m. ET, it was trading at less than $110 per share. … [Read more...] about Magic Empire Global IPO: Wild meme stock frenzy or something else entirely?
U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson
- A + A (Aug 10): Talk that SoftBank Group Corp would be better off as a private company has re-surfaced after the Japanese investment powerhouse posted a record US$23 billion loss. SoftBank has evolved rapidly over the last ten years from a telecom company and strategic investor to the world’s biggest pool of tech capital. It’ll look even more like a pure investment house as it continues to buy back its own stock and sell or pare assets, including its stake in Alibaba Group Holding Ltd. “There is little reason to be listed on the stock market,” SMBC Nikko analyst Satoru Kikuchi wrote. “We think changes in the very form of the company, for example an MBO, could be coming in the not-too-distant future.” SoftBank founder Masayoshi Son — the company’s top shareholder with a near-28% stake as of end-March — has debated the idea of going private with his inner circle for at least five years. When SoftBank’s shares tumbled in 2020 at the outset of the coronavirus … [Read more...] about SoftBank buyout talk resurfaces after record loss piques market
This story is part of Fast Company’s Most Creative People in Business 2022 . Explore the full list of innovators who broke through this year—and had an impact on the world around us. advertisement advertisement Picture the coolest, most ridiculously awesome room you can imagine. Maybe it’s got a golf simulator and a billiards table, or radiant-heat floors, or polychromatic India Mahdavi furniture, or meticulously cultivated hygge. Whatever it is, whatever you’re envisioning, it would be even better if it had a secret door leading to another room. And of course, a secret door has to reveal itself in some sick way, like how you run through a wall to get to track 9 3⁄4, or wade through a coat closet to get to Narnia, or turn a bronze eagle on a bookshelf, or push the correct button on a soda machine. It can’t just be a switch labeled secret door, though that’d be kind of funny. That kind of meta humor would be very on-brand for Mark Rober, except … [Read more...] about How Mark Rober became the Willy Wonka of engineering
Public pensions lost a median of 7.9% from fiscal year 2021 to 2022, their worst performance since 2009, The Wall Street Journal reported Tuesday. Public pensions last year had a record-setting median return of 27%, but retirement plans remain underfunded as the growth of costs has outpaced the growth in assets, according to the WSJ, citing data from analytics firm Wilshire Trust Universe Comparison Service. This has encouraged pension funds to embrace more risky investment strategies, leading them to be more influenced by changes in the stock market, with this year’s losses driven primarily by record inflation, reductions in the speculative markets and high stock valuations, the WSJ reported. “It was a really bad quarter for investing, there’s no way around it,” said Michael Rush, a senior vice president at Wilshire. Larger public pension funds performed better on average, with plans managing over $5 billion in funds returning a median loss of 5.1%, while funds managing over … [Read more...] about ‘A Really Bad Quarter’: Public Retirement Funds Are Having A Brutal 2022
Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
Last August, sorority rush at the University of Alabama exploded on TikTok with Greek letters, glitter, and teenage girls explaining their #OOTD, or outfit of the day. The videos generated millions of views as people watched new college students share carefully curated ensembles for each round of the recruitment process--name-dropping well-known brands like Shein, Target, Kendra Scott, Kate Spade, and Steve Madden. But one unfamiliar name kept getting mentioned: the Pants Store. Founded as a wholesale warehouse for pants in 1950 in Leeds, Alabama, the Pants Store is a third-generation family business run by Michael Gee, whose grandfather started the company out of the trunk of his car. Not being a TikTok user, Gee had no idea his business had gone viral on the platform last year. It was his then-14-year-old daughter who told him. In just one week, online sales soared by more than 600 percent year-over-year. Orders from out of state--particularly from other college … [Read more...] about How this Family-Owned Retailer Capitalized on RushTok
June 16, 2021 started as an ordinary day for Loveland resident Rachel Metcalf, a Senior Girl Scout for troop 71106, otherwise known as the GECCCOs (Girls Experiencing Camping Canoeing and Cycling Outdoors). Little did she know that before the end of it, a sudden change in the weather would turn the unremarkable day into a test of her strength and resolve. The recent Mountain View High School graduate was leading a canoe day camp for younger Girl Scouts and their siblings at Boyd Lake State Park, an activity she’d been participating in annually since middle school. Metcalf was on shore observing her fellow troop members and campers out on the water when she noticed an ominous shift in the weather. “A thing that I’ve learned through day camp is there’s a point where the wind gets just a little bit too much,” she said. Metcalf had been expecting an afternoon shower, but something told her this was no ordinary summer storm. Then she saw the “wall of dust” descending on the lake … [Read more...] about Loveland Girl Scout honored for life-saving actions in Lake Boyd incident
Share to Twitter Share to Linkedin In a year when the amount of venture capital is declining, billion-dollar-plus funds posted a record for the first half of 2022, according to PitchBook. While that is good news for the big boys, it comes at a cost to women- and diverse-led emerging managers. Limited partners (LPs) are overwhelmed with commitments to mega VC funds , making it harder for underrepresented emerging managers to raise money from the institutional investors and family offices that can afford high-minimum investment commitments of mega funds. The dominance of mega funds isn't the best news for high net worth investors (HNWI) either. The minimums to invest in these venture funds may be more than what they want to invest. Newer and smaller funds—like the ones women- and diverse-led emerging managers start—tend to outperform older and larger ones . However, these funds come with greater risk. The general partners of these firms typically have … [Read more...] about SPVs: A Tool For Women-Led VCs, Angel Groups, And Investors