Pet Stocks Lose Their Momentum
More than 23 million American families (nearly one in every five) got a pet during the pandemic and many new owners have spent big on their pets. U.S. consumers spent $21.4 billion on non-medical pet supplies in November 2022.
Go Deeper (2 min read)Are Private Companies Overvalued?
Most recently IPOed companies have seen their valuation cut in half in the last months. These include well-known companies like SoFi, Marqeta, Robinhood, Affirm and many other so-called FinTechs or SaaS companies.
Go Deeper (2 min read)On Wednesday, the Chinese government signaled support for the listing of Chinese companies abroad and that its crackdown on technology companies would end soon.
Go Deeper (2 min read)EQT AB, The Swedish Leader
EQT is a global investment firm created in 1994 that focuses on investing in, developing, and owning businesses in a variety of geographies, industries, and business models.
Go Deeper (10 min read)Russia and Ukraine produce the majority of the raw materials used in chip manufacturing. Both neon gas, which is used to feed lasers that print circuitry onto silicon, and palladium, which is utilized in subsequent production stages, are abundant in the countries.
Go Deeper (2 min read)More from Business
The luxury group's sales, as well as those of its rivals Kering and Richemont, have risen dramatically as a result of rising demand for European fashion and accessories.
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Intercontinental Exchange: Growing Steadily
The Intercontinental Exchange (ICE) is a Fortune 500 corporation based in the United States that manages worldwide exchanges, clearing houses, and provides mortgage technology, data, and listing services.
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Airbus' Engines Restart
After swinging to a record net profit of € 4.2 billion ($ 4.8 billion), Europe's largest aircraft business has reinstated its dividend for the first time in two years.
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Blackstone Sells Mileway For $ 24B
Mileway was formed by Blackstone in 2019 to store the portfolio of urban warehouses and dark kitchens owned by its European property funds in and near populated areas. Companies such as Amazon.com, Deliveroo and parcel delivery provider Deutsche Post rely on these so-called last-mile locations.
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Adyen: A Growth & Profits Story
Adyen, a Dutch payments processor, reported a 51% increase in core earnings in the second half of 2021, exceeding expectations and sending its stock price soaring.
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Peloton Has A New Leader
Peloton co-founder John Foley, who has overseen the firm for its entire 10-year history, is stepping down as CEO and will become executive chairman. Barry McCarthy, the former CFO of Spotify and Netflix, will take over as CEO and President of Peloton and join the board of directors.
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