
Adidas facing US$1.3 billion nightmare as breakup with Kanye gets even uglier
“The numbers speak for themselves,” said Adidas CEO Bjørn Gulden, warning the firm could lose US$1.3 billion in revenue in 2023 if the Yeezys cant be sold.
“The numbers speak for themselves,” said Adidas CEO Bjørn Gulden, warning the firm could lose US$1.3 billion in revenue in 2023 if the Yeezys cant be sold.
Mark Zuckerberg had his best day ever; Gautam Adani’s epic losing streak continues; and a woman re-enters the world’s top 10.
Some sectors remain overvalued in the current market environment.
From an investment perspective, the issue is whether inflation will prove more persistent and require tighter monetary policy or tighter financial conditions start to bite.
The re-opening of China and the performance of the US economy will be the two dominant themes for global equity markets in 2023.
Commodities – especially energy – are fundamentally the biggest driver of inflation.
In Australia the RBA has engaged in a “high wire” act in exercising a comparative caution in raising the policy rate.
After six decades of continual growth, China’s population has finally begun to decline after holding its place as the world’s most populous country since UN records began in 1950. China’s 2022 population of 1.4 billion is down 850,000 from the year before, a decline that analysts expect to accelerate, with the country expected to yield […]
Is this the future of financial markets?
Things are likely to get worse before they get better.