True Religion, an iconic jeans brand originally launched in 2002, has found new life after being acquired by private equity firm Acon Investments in conjunction with SB360 Capital Partners, a retail investment vehicle associated with American Eagle’s CEO, Jay Schottenstein. This revitalization marks a notable turnaround for the once-luxury brand that faced significant challenges over
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As the financial community looks ahead to 2025, the S&P 500 index is navigating a turbulent landscape marked by significant concerns regarding its future trajectory. According to strategists at Bank of America, the outcome of the recent electoral cycle has left a noticeable gap—both politically and financially—that could play a crucial role as investors assess
As the political landscape of the United States prepares for a new chapter with the impending inauguration of Donald Trump, significant changes are on the horizon for regulatory bodies overseeing commodities and derivatives. With Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission (CFTC), announcing his departure on January 20, the industries under
In a significant move to further establish its global presence, Huawei’s spinoff, Honor, has announced plans to commence smartphone sales in Indonesia by the end of March. This venture comes as Indonesia imposes strict regulations requiring foreign smartphone manufacturers to source 40% of their components domestically. Consequently, the policy has posed challenges for major players
Samsung Electronics stands at a crucial juncture, gearing up to enhance its on-device artificial intelligence (AI) capabilities in a bid to surpass the expected modest growth of the global consumer electronics market. With a projected increase of approximately 3% for the smartphone, television, and home appliances market in 2025, Samsung has set ambitious growth targets
The rapid rise of Bitcoin exchange-traded funds (ETFs) in 2024 has fundamentally changed the landscape of cryptocurrency investments. Following the unprecedented debut of spot Bitcoin funds, which collectively amassed tens of billions, the financial world is witnessing an influx of innovative derivatives and structured investment products designed to cater to a broader range of investors.
In the realm of retirement planning, target-date funds (TDFs) have emerged as a favored choice for many 401(k) participants seeking simplicity and convenience. Representing about 29% of the assets held in average 401(k) plans as of 2023, TDFs have substantially increased in popularity—up from 16% in 2014, according to data from the Plan Sponsor Council
The automotive industry is on the brink of a significant transformation, driven by the rise of Software-Defined Vehicles (SDVs). Against this backdrop, BlackBerry Limited (NYSE: BB) has entered a significant partnership with Microsoft (NASDAQ: MSFT), endorsing a collaborative approach aimed at expediting the development of SDV technology. Recently, BlackBerry’s shares surged by 9% on the
As 2024 unfolds, Bitcoin has demonstrated remarkable resilience by surging above the $100,000 mark at the start of the new trading week. The cryptocurrency prices climbed approximately 3% to reach $101,936.14, signalling a robust recovery in the crypto market. This significant uptick underscores renewed investor confidence, not only in Bitcoin but across the broader digital
In a significant shift within the streaming industry, Disney has recently announced its intention to merge its Hulu+ Live TV service with Fubo, a prominent player in the internet TV landscape. This merger has far-reaching implications not only for the companies involved but for the entire streaming ecosystem that continues to evolve amid fierce competition.