Preparing for Paris: What to Know for Your Summer Visit
News

Preparing for Paris: What to Know for Your Summer Visit

Having lived in central Paris for six years, I have learned a lot about the ups and downs of being a Parisian. I would go back in a heartbeat. But I also empathize with international visitors who arrive with a romantic vision of perfection, only to face a severe shock, known as "Paris syndrome," when reality doesn't match their expectations. Don't let this discourage you from visiting. Just make sure you know what to expect before you go. Where are the Parisians? At the end of July, many Parisians leave for their summer homes, forcing bakeries to close and restaurants to display signs reading "Fermé" (closed). However, this summer is different. With 11 million visitors expected for the 2024 Summer Olympics, many businesses and restaurants will remain open until August 11, before taking a ...
Pre-market moves: CrowdStrike, American Express, SLB, Travelers and more
Business

Pre-market moves: CrowdStrike, American Express, SLB, Travelers and more

This morning, several stocks are showing considerable movement in pre-market trading. These early changes can set the tone for the rest of the trading day, offering insights into investor sentiment and potential market trends. Crowd Strike (CRWD) CrowdStrike shares rose in pre-market trading after the release of its latest quarterly earnings report. The cybersecurity company beat Wall Street expectations for both earnings and revenue, citing strong demand for its cloud-native endpoint protection platform. Analysts are bullish on CrowdStrike’s future growth, especially as cybersecurity threats continue to grow globally. American Express (AXP) American Express also saw significant premarket activity, with shares rising after the company reported better-than-expected earnings. The f...
Tech rout eases as investors eye rate cuts, policy change
News

Tech rout eases as investors eye rate cuts, policy change

U.S. stock futures edged higher Sunday night, offering a reprieve from last week’s tech-led selloff. The S&P 500 suffered its steepest weekly decline since April as investors shifted from mega-cap growth stocks to more rate-sensitive sectors. Futures tied to the broader market index rose 0.2%, while those tracking the Dow Jones Industrial Average and Nasdaq 100 added 0.1% and 0.4%, respectively. Market attention remains divided between economic indicators and political developments. Traders are increasingly confident in the Federal Reserve’s path to interest rate cuts, with a 93% chance of a reduction in September. This outlook has fueled a shift away from tech giants toward sectors such as small caps and industrials, which should benefit from lower borrowing costs. Meanwhile, President J...
Elliott Management Takes Major Stake in Starbucks, Engages with Management
Business

Elliott Management Takes Major Stake in Starbucks, Engages with Management

Elliott Management recently acquired a significant stake in Starbucks and is working with the company’s management to improve its stock, according to a report published Friday by the Wall Street Journal, citing people familiar with the matter. Elliott representatives declined to comment. As of its last statement on March 31, the hedge fund did not hold any Starbucks shares. A Starbucks spokesperson said the company does not respond to rumors or speculation. Despite that, Starbucks shares rose more than 6% on Friday. Elliott Management, known for its influential role in activist investing, is one of the world’s largest hedge funds. The firm has made several substantial investments in recent months, including positions in Southwest Airlines, SoftBank, Johnson Controls and Musical Instrument...
Other Sports Cash In on the Big Stage in Las Vegas
Sports

Other Sports Cash In on the Big Stage in Las Vegas

Las Vegas has transformed into a sports mecca, and the Super Bowl is just the jewel in the crown. While the NFL’s ultimate spectacle takes center stage, other sports are smartly capitalizing on the city’s newfound importance as a global entertainment hub. Boxing, golf, and even the unusual Power Slap have all taken the opportunity to showcase their events alongside the Super Bowl. The influx of sports fans, media, and industry insiders creates a perfect storm to generate buzz and attract new audiences. Veteran boxing promoter Bob Arum has long recognized the value of aligning his events with the massive draw of the Super Bowl. By hosting a world title fight in Las Vegas during Super Bowl week, Arum taps into a large, attentive, and entertainment-hungry audience. LIV Golf has also joined ...