Global Finance

Under Armour, a popular sportswear maker, faced a significant setback with its Class A shares dropping 11% and its Class C stock falling 9%. The reason behind this drastic decline was the company’s announcement of lower-than-expected full-year earnings guidance. Analysts had predicted earnings of 59 cents per share, but Under Armour now expects earnings to
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Swedish financial technology company, Klarna, recently announced that a significant portion of its workforce has embraced the use of generative artificial intelligence tools in their daily tasks. With nearly 9 out of 10 employees, totaling 5,000 individuals, utilizing generative AI, Klarna is leading the way in incorporating this cutting-edge technology into its operations. The adoption
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Horizon Kinetics’ James Davolos is confident in his firm’s Inflation Beneficiaries ETF (INFL), even in the face of potential Federal Reserve rate cuts. According to Davolos, the ETF is well-positioned to thrive in the current inflationary environment, which he believes is entering a mature phase. He anticipates inflation rates between three and five percent, noting
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