China sanctions US drone maker Skydio in ongoing trade war
China has sanctioned Skydio, America’s largest drone maker, for providing unmanned aerial vehicles to Taiwan’s national fire service. Skydio CEO Adam Bry publicly acknowledged the sanctions on Wednesday. “A few weeks ago, China announced sanctions on Skydio for selling drones to Taiwan, where our only customer today is the National Fire Agency,” Bry wrote in a blog post.
» Read more about: China sanctions US drone maker Skydio in ongoing trade war »
Read MoreUNICEF Child-Lens Investing Framework Makes TIME’s Best Inventions List
The innovative Child-Lens Investing Framework guides fund managers and asset owners to direct investment capital to the world’s most important stakeholders — children.
Students at Ecole Primaire Ilako in Mbandaka, Équateur Province, Democratic Republic of the Congo, make use of a handwashing station that UNICEF installed at the school during the 2022 Ebola outbreak to prevent the spread of disease.
» Read more about: UNICEF Child-Lens Investing Framework Makes TIME’s Best Inventions List »
Read MoreStock market today: Dow and S&P slip as Wall Street braces for first losing month since…
The parent company of Facebook, meanwhile, likewise served up a better-than-expected profit report. As with Microsoft, though, that wasn’t enough for the stock to rise. Investors focused on Meta Platforms’ warning that it expects a “significant acceleration” in spending next year as it continues to pour money into developing artificial intelligence. It fell 3.6%.
Read MoreWall Street Sees Lines Blur Between Private Credit and Bank Debt
A chorus of Wall Street chiefs said the worlds of private credit and traditional bank debt are continuing to collide — with Apollo Global Management Inc.’s Marc Rowan predicting that in just 18 months some borrowers won’t be able to tell the difference between the two offerings.
The $1.7 trillion private credit market swelled in size by providing capital to private,
» Read more about: Wall Street Sees Lines Blur Between Private Credit and Bank Debt »
Read MoreThe Burst
Why Billionaire Bets Biggest On This Stock
» Read more about: Why Billionaire Bets Biggest On This Stock »
Read MoreThe Ivy
Market Commentary: 1 Stock Has Popped 80% Of The Time
Dick’s Sporting Goods has lots going for it. It’s a well-known brand with a trusted customer base, and its sales have been on the rise the past few years, up 28.3% in 2022 alone before slowing down in 2023.
It’s also got a pretty attractive dividend, paying out 2.7% to loyal shareholders. And at an 11.7x P/E ratio the company is not trading at a particularly lofty multiple.
» Read more about: Market Commentary: 1 Stock Has Popped 80% Of The Time »
Read More