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25.09.26 - 11:54
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David Beckham takes £39m dividend as World Cup deals drive record profits (The Guardian)
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Former footballer appeared in about 12 ad campaigns this summer, pushing brands revenue to $110.5mBusiness live – latest updatesDavid Beckham has taken a $51m (£39m) dividend from his business empire fuelled by a series of deals with brands for the Fifa World Cup.Beckham appeared in about a dozen ad campaigns across this summer's tournament in the US, working with brands including Lenovo, McDonald's, Bank of America, Verizon and PepsiCo's crisps brand Lay's. Continue reading......
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21.09.26 - 11:06
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Asia investors demand AI revenue proof as focus shifts from exposure to earnings: BofA (SCMP)
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Investors in Asia are demanding clearer evidence that artificial intelligence can translate into revenue and earnings, rather than simply seeking exposure to the technology, as the sector moves into a more mature phase, according to Chris Oberoi, head of Asia-Pacific research at Bank of America (BofA) Global Research.
“The issue increasingly is: does it add to productivity, and is it being monetised,” Oberoi said. “And the answer is, 'absolutely yes'.”
Separately, President Xi Jinping and US......
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16.09.26 - 16:24
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WTF Chart Of The Day: Retail Sales Record High, Consumer Sentiment Record Low (ZeroHedge)
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WTF Chart Of The Day: Retail Sales Record High, Consumer Sentiment Record Low
Following last month's ugly decline ("see the consumer is getting crushed because of Trump"), August's retail sales is expected to rebound strongly ("see, Trump's war is causing Americans to spend more on gas and less on Louboutin shoes"). BofA's omniscient analysts agree with consensus, seeing a 0.8% MoM jump...
Quick reality check - July retail sales weakness was driven by a plunge in non-discretionary spending by higher income households...
So, what did August bring?
Headline US retail sales rose a shocking 1.2% MoM - the biggest jump since March, pulling sales up 6.0% YoY...
...driven by a big reversal in non-store retailer (online) sales...
Core (Ex-Autos & Gas) soared 1.4% MoM - its strongest month since Sept 2024
The Control Group - which feeds into the GDP calculation - jumped almost triple expectations (+1.4% MoM vs +0.5% exp).
Under the hood, Building Materials Sales were the only co...
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14.08.26 - 15:48
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US Retail Sales Drop More Than Expected in July (Bloomberg)
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US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. Sales dropped by 0.6%, the forecast was for a 0.1% gain. Bloomberg's Michael McKee has the numbers followed by Aditya Bhave from BofA Securities with reaction. (Source: Bloomberg)...
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