MoneyFitt Ka-ming
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In Today's Issue:
Focus: Living in Taylor's (and Barbie's and Messi's) World
In the markets: Nvidia Nchanged; Not Better; Hike No Hike
Moneyfitt Explains: Spanked SPAC
Dollar Tree joined Foot Locker, Macy's, Estée Lauder, Target, Peloton, Home Depot and an endless string of other (non-luxury) retailers in lowering sales guidance, citing weakened consumer demand and theft concerns. Despite attracting price-conscious customers due to inflation (...
Focus: Living in Taylor's (and Barbie's and Messi's) World
In the markets: Nvidia Nchanged; Not Better; Hike No Hike
Moneyfitt Explains: Spanked SPAC
Dollar Tree joined Foot Locker, Macy's, Estée Lauder, Target, Peloton, Home Depot and an endless string of other (non-luxury) retailers in lowering sales guidance, citing weakened consumer demand and theft concerns. Despite attracting price-conscious customers due to inflation (...
![Living in Taylor's (and Barbie's and Messi's) World](https://sgsnsimg.moomoo.com/feed_image/103991689/279122131d2c3efd9d12257b16b547b6.gif/thumb)
![Living in Taylor's (and Barbie's and Messi's) World](https://sgsnsimg.moomoo.com/feed_image/103991689/53399cf5ec4e36abb18dcb39203455a8.jpg/thumb)
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MoneyFitt Ka-ming
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Columns Dynamic Duo: Renminbi and Rupee
In Today's Issue:
Focus: Dynamic Duo: Renminbi and Rupee (CNY & INR)
In the Markets: China Stamped; Evertanked
MoneyFitt Explains: Not crypto: CBDCs
With the BRICS emerging market bloc expanding by six countries, the population covered will rise to 3.58bn, taking it from 42% to 46% of the world, while GDP will increase from 32% to 37% (adjusted for inflation and cost of living.) The largest two countries by both measures will remain China and India. Estimates var...
Focus: Dynamic Duo: Renminbi and Rupee (CNY & INR)
In the Markets: China Stamped; Evertanked
MoneyFitt Explains: Not crypto: CBDCs
With the BRICS emerging market bloc expanding by six countries, the population covered will rise to 3.58bn, taking it from 42% to 46% of the world, while GDP will increase from 32% to 37% (adjusted for inflation and cost of living.) The largest two countries by both measures will remain China and India. Estimates var...
![Dynamic Duo: Renminbi and Rupee](https://sgsnsimg.moomoo.com/feed_image/103991689/57ddf46b36c531d2a6353f9e5541e1fc.jpg/thumb)
![Dynamic Duo: Renminbi and Rupee](https://sgsnsimg.moomoo.com/feed_image/103991689/ceefc519991138329d4f13ad55e3d458.gif/thumb)
![Dynamic Duo: Renminbi and Rupee](https://sgsnsimg.moomoo.com/feed_image/103991689/6dd0c3b398203ed28cf3a4494b57e411.gif/thumb)
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MoneyFitt Ka-ming
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In Today's Issue:
Focus: Shifting BRICS and the Petrodollar
In the Markets: Prepared to raise; IPO in your InstaCART
MoneyFitt Explains: The BRICS
The BRICS🎓 emerging market bloc, consisting of Brazil, Russia, India, China and South Africa, has embarked on its largest expansion ever by inviting Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to join next year, with further phases to follow. Seen as a natural fit for population size (and oil production...
Focus: Shifting BRICS and the Petrodollar
In the Markets: Prepared to raise; IPO in your InstaCART
MoneyFitt Explains: The BRICS
The BRICS🎓 emerging market bloc, consisting of Brazil, Russia, India, China and South Africa, has embarked on its largest expansion ever by inviting Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to join next year, with further phases to follow. Seen as a natural fit for population size (and oil production...
![Shifting BRICS and the Petrodollar](https://sgsnsimg.moomoo.com/feed_image/103991689/f9c899e05b7539c3addd0faabba72720.jpg/thumb)
![Shifting BRICS and the Petrodollar](https://sgsnsimg.moomoo.com/feed_image/103991689/df1ab355d1c238cd9372b4b546fdce77.jpg/thumb)
![Shifting BRICS and the Petrodollar](https://sgsnsimg.moomoo.com/feed_image/103991689/e6fad9d603d7375e8fc6ab38541ce66f.jpg/thumb)
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MoneyFitt Ka-ming
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Columns Nvidia Nvy
In Today's Issue
Focus: Nvidia Nvy
In the Market: Peloton Plummet, Foot Locker Kicked; Worse than Purdue
MoneyFitt Explains: Shorts and Squeezes
Who in their right minds would want to be short🎓 Nvidia these days? It’s the shovel-maker for the AI gold rush, right? AI's the only game in town, and the tripling (so far!) this year of Nvidia, the dominant maker of AI training GPUs, has been the catalyst of pretty much the entire equity market rally. Nvidia's revenue more than doubled in t...
Focus: Nvidia Nvy
In the Market: Peloton Plummet, Foot Locker Kicked; Worse than Purdue
MoneyFitt Explains: Shorts and Squeezes
Who in their right minds would want to be short🎓 Nvidia these days? It’s the shovel-maker for the AI gold rush, right? AI's the only game in town, and the tripling (so far!) this year of Nvidia, the dominant maker of AI training GPUs, has been the catalyst of pretty much the entire equity market rally. Nvidia's revenue more than doubled in t...
![Nvidia Nvy](https://sgsnsimg.moomoo.com/feed_image/103991689/b2681543866c33a09234066f4d91c223.jpg/thumb)
![Nvidia Nvy](https://sgsnsimg.moomoo.com/feed_image/103991689/3c5caaabc38a30aca7be82da71370a19.gif/thumb)
![Nvidia Nvy](https://sgsnsimg.moomoo.com/feed_image/103991689/50a75669ea1c3af293bdd06f7ca46367.gif/thumb)
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Columns Subway Sandwich Swallowed Whole
Happy MoneyFitt launch day!
In today's Issue:
Focus: Subway Sandwich Swallowed Whole
In the Markets: Nvidia Nergy; ARM's race; China China China
MoneyFitt Explains: Franchise Me, Franchisee
Privately-owned Subway, the franchisor for the QSR (quick-service restaurant) chain bearing its name, is close to a buyout by Roark Capital, a restaurant-focused private equity (PE) firm. Roark has been competing with other US buyout firms like Sycamore Partners and TDR (conside...
In today's Issue:
Focus: Subway Sandwich Swallowed Whole
In the Markets: Nvidia Nergy; ARM's race; China China China
MoneyFitt Explains: Franchise Me, Franchisee
Privately-owned Subway, the franchisor for the QSR (quick-service restaurant) chain bearing its name, is close to a buyout by Roark Capital, a restaurant-focused private equity (PE) firm. Roark has been competing with other US buyout firms like Sycamore Partners and TDR (conside...
![Subway Sandwich Swallowed Whole](https://sgsnsimg.moomoo.com/feed_image/103991689/329d27f59431359cbf32497b475ad184.jpg/thumb)
![Subway Sandwich Swallowed Whole](https://sgsnsimg.moomoo.com/feed_image/103991689/5ff92aa465b53532b05c730c51b161f3.gif/thumb)
![Subway Sandwich Swallowed Whole](https://sgsnsimg.moomoo.com/feed_image/103991689/aaaa03ee8df231519235ee6a7eebf994.gif/thumb)
MoneyFitt Ka-ming
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Columns Arms and the son
In Today's Issue:
Focus: Arms and the Son
In the Markets: Action Jackson, Poor Top-10%-ers; China’s Damp Squib Games; Wild Markets: ARS and BTC
MoneyFitt Explains: The IMF
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SoftBank has reportedly acquired the 25% stake in Arm Ltd that it doesn't already own from its Vision Fund unit in a deal valuing the chip designer at $64bn. This is suspiciously close to exactly double the $32bn that SoftBank's mercurial billionaire founder Masayoshi Son paid for it in 2016, implying co...
Focus: Arms and the Son
In the Markets: Action Jackson, Poor Top-10%-ers; China’s Damp Squib Games; Wild Markets: ARS and BTC
MoneyFitt Explains: The IMF
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SoftBank has reportedly acquired the 25% stake in Arm Ltd that it doesn't already own from its Vision Fund unit in a deal valuing the chip designer at $64bn. This is suspiciously close to exactly double the $32bn that SoftBank's mercurial billionaire founder Masayoshi Son paid for it in 2016, implying co...
![Arms and the son](https://sgsnsimg.moomoo.com/feed_image/103991689/cf699aaef8d031fcb028894d478b1cbb.gif/thumb)
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MoneyFitt Ka-ming
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Columns Amazon on Drugs
In Today's Issue:
Focus: Amazon on Drugs
In The Market: Evergrande Evergone; Walmart and Target; German Supermarket Invasion (Aldi and Lidl)
MoneyFitt Explains: Fed Minutes in Minute Detail
Shares in CVS Health fell more than 8% on Thursday on a decision by Blue Shield of California, a huge insurer with 4.8mn customers, to drop CVS’s Caremark unit as its main pharmacy benefit manager (PBM) in favour of other companies, including Amazon and the Mark Cuban Cost Plus Drug Company. It...
Focus: Amazon on Drugs
In The Market: Evergrande Evergone; Walmart and Target; German Supermarket Invasion (Aldi and Lidl)
MoneyFitt Explains: Fed Minutes in Minute Detail
Shares in CVS Health fell more than 8% on Thursday on a decision by Blue Shield of California, a huge insurer with 4.8mn customers, to drop CVS’s Caremark unit as its main pharmacy benefit manager (PBM) in favour of other companies, including Amazon and the Mark Cuban Cost Plus Drug Company. It...
![Amazon on Drugs](https://sgsnsimg.moomoo.com/feed_image/103991689/3db730ee5f3a3a6ca750d8bd251b7d10.jpg/thumb)
![Amazon on Drugs](https://sgsnsimg.moomoo.com/feed_image/103991689/c7d29720981c3b0a95ae251e54937782.gif/thumb)
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MoneyFitt Ka-ming
commented on
Columns Tencent's Eggy Battle Royale
China's largest listed company and owner of the ubiquitous Weixin / WeChat super-app, internet conglomerate Tencent reported second-quarter net profits up by 41% year-on-year to Rmb26bn (IFRS basis), the fastest growth since late 2021, on revenue 11% higher to reach Rmb149bn. But the numbers fell short of HK/Shanghai's Finest, which had been expecting Rmb33.4bn and Rmb152bn respectively. Tencent's cost-cutting efforts and focus on "high-quality revenue streams with be...
![Tencent's Eggy Battle Royale](https://sgsnsimg.moomoo.com/feed_image/103991689/04e3afe6879e33a3a053bcfe64ae299d.jpg/thumb)
![Tencent's Eggy Battle Royale](https://sgsnsimg.moomoo.com/feed_image/103991689/555904e929433129aae920ff327f3a4f.gif/thumb)
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MoneyFitt Ka-ming
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With the economy facing mounting challenges as weak data on retail sales, industrial output and investment growth roll in, Beijing responded by unexpectedly cutting key interest rates to bolster activity, rattling Asian and global markets. And bundled in at the same time, it decided to suspend the release of youth unemployment figures, having hit a record 21.3% in June, a victim of China's economic slowdown and rapidly fading post-zero-Covid rebound. The N...
![China: No more youth unemployment (data)](https://sgsnsimg.moomoo.com/feed_image/103991689/8354179b01673f8badedbadc081f29be.gif/thumb)
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MoneyFitt Ka-ming
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The below content comes from today’s issue of The MoneyFitt Morning, a straightforward daily newsletter on what’s important in investing and business, with a topical 60-second Explainer.
Give it a try and subscribe today! 🤞🏻
Even before former high-flying Vice Media filed for Chapter 11 Bankruptcy Protection🎓 a couple of weeks back, having blown through all the cash that investors repeatedly threw at the consistently money-losing and incre...
Give it a try and subscribe today! 🤞🏻
Even before former high-flying Vice Media filed for Chapter 11 Bankruptcy Protection🎓 a couple of weeks back, having blown through all the cash that investors repeatedly threw at the consistently money-losing and incre...
![☀️☕️ Companies "R” Bust [The MoneyFitt Morning 18/05/23]](https://sgsnsimg.moomoo.com/103991689/editor_image/82da5897ad0b314989e60167b694f6fe.gif/thumb)
![☀️☕️ Companies "R” Bust [The MoneyFitt Morning 18/05/23]](https://sgsnsimg.moomoo.com/103991689/editor_image/87aff02c12bf3c9ea9a731100ed0c64a.png/thumb)
![☀️☕️ Companies "R” Bust [The MoneyFitt Morning 18/05/23]](https://sgsnsimg.moomoo.com/103991689/editor_image/d0ecd1e60d2037a38478a53b13d57631.png/thumb)
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MoneyFitt Ka-ming OP :
From TIME Magazine: The [Taylor Swift Eras] tour has become the perfect outing for concert-goers itching for a post-pandemic live music immersive experience. “We are in an experience economy where people crave going out and participating in social events... It's no surprise that people are flocking to this #erastour experience in what is increasingly an otherwise digital environment we live in.” ... The Eras Tour is projected to generate close to $5 billion in consumer spending in the United States alone. “If Taylor Swift were an economy, she’d be bigger than 50 countries.”
An #experiences economy. (But don't forget the #merchandising!)
(At least that last part spared us the usual journalistic nonsense comparing the stock of one thing, like the market capitalisation of a company, with the flow of another, like the GDP of a country!)
https://time.com/6307420/taylor-swift-eras-tour-money-economy/