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☆ 5 things to know about the mystery $30 million whale moving betting markets toward Trump
  + stars: | 2024-10-18 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +7 min
Since the start of October, there's been a notable divergence between the betting markets and the polls. Where do election odds stand in betting markets now? What's going on with the 'Trump whale' in the betting markets? Is the $30 million 'Trump whale' an influence campaign? Because the betting markets are relatively illiquid, a $30 million bet can have a big influence on moving the odds in favor of Trump.
Persons: Harris, —, Donald Trump, Kamala Harris, there's, Will Donald Trump, Polymarket, Peter Thiel, ethereum's, Vitalik Buterin, Joe Gebbia, Trump, Kalshi, What's, Michie, Arkham, Adam Cochran, Cochran, Elon Musk, Mitt Romney, Barack Obama Organizations: Trump, Service, Street, Arkham Intelligence, Republican Locations: Polymarket, Crunchbase, Wisconsin , Michigan, Pennsylvania, Nevada
☆ Adidas sees Samba shoes driving more interest from retailers
  + stars: | 2023-11-08 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com   time to read: +3 min
Inventory levels were down 23% year-on-year at 4.85 billion euros ($5.18 billion), a little more than expected, Adidas said. Adidas' gross margin for the quarter was up 0.2 percentage points at 49.3%, helped by reduced freight costs and fewer discounts. "Adidas' competitive position compared to Nike is improving," said Robert Schramm-Fuchs, portfolio manager at Janus Henderson, which holds Adidas shares. "Adidas needs to earn back the shelf space, but I think they have the right product to do it," he said. Adidas' sales in Greater China grew by 5.7% in currency-adjusted terms, a slowdown after growth of 16.4% in the second quarter.
Persons: Tingshu Wang, Bjorn Gulden, Kanye West, Ye, Spezial, Gulden, Robert Schramm, Fuchs, Janus Henderson, Schramm, Adam Cochrane, Miranda Murray, Helen Reid, Maria Sheahan, Sherry Jacob, Phillips, Catherine Evans Organizations: Adidas, REUTERS, Apparel, Nike, Deutsche Bank . Currency, Reuters Graphics, Thomson Locations: Beijing, China, United States, North America, Greater China, Berlin
☆ Why Deutsche Bank is backing British high street stalwart Marks & Spencer for a comeback
  + stars: | 2023-08-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Deutsche Bank is backing British high street stalwart Marks & Spencer for a comebackAdam Cochrane, general retail and luxury equity research analyst at Deutsche Bank, discusses the earnings of Marks & Spencer and why he is optimistic about the British retailer's future.
Persons: Marks, Spencer, Adam Cochrane Organizations: Deutsche Bank Locations: British
☆ Adidas and Puma bet on 'terrace' sneaker trend in tough market
  + stars: | 2023-07-25 | by ( Helen Reid Linda Pasquini | Helen Reid | Linda Pasquini | ) www.reuters.com   time to read: +3 min
Puma is likely to benefit less from the trend than Adidas because its terrace range doesn't have as much name recognition, said Adam Cochrane, analyst at Deutsche Bank. Investors will be pushing Puma and Adidas on broader strategies to navigate weak consumer demand at second-quarter results on July 26 and Aug. 3 respectively. Adidas, however, has got a big boost from selling some of its stock of discontinued Yeezy shoes. On Monday it slashed its expected 2023 operating loss to 450 million euros from 700 million euros, citing unexpectedly strong Yeezy sales. "However, the cost to compete for sportswear brands is very high, and barriers to entry are low, making retailers quite vulnerable to 'boom and bust' cycles as trends change," said Aubin.
Persons: Benoit Tessier, Adam Cochrane, it's, Robert Schramm, Fuchs, Janus Henderson, Bjorn Gulden, Edouard Aubin, Morgan Stanley, Aubin, Helen Reid, Linda Pasquini, Susan Fenton Organizations: Adidas, REUTERS, Puma, Nike U.S, Nike, Google, Deutsche Bank, Investors, Defamation, Thomson Locations: Lafayette, Paris, France, U.S, China, North America, London, Gdansk
☆ Crypto.com customers worry it could follow FTX as CEO tries to reassure them everything's fine
  + stars: | 2022-11-15 | by ( Ari Levy Mackenzie Sigalos | Ari Levy | Mackenzie Sigalos | ) www.cnbc.com   time to read: +8 min
related investing news Cathie Wood's ARK Invest keeps buying more crypto assets despite FTX bankruptcy Crypto.com is smaller than FTX but still ranks among the top 15 global exchanges, according to CoinGecko. Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Marszalek has spent the early part of the week trying to reassure users and regulators that the business is fine. FTX CEO Sam Bankman-Fried said his company's assets were "fine" two days before he was desperate for a rescue because of a liquidity crunch. Marszalek said on Monday that this was just a reflection of the assets Crypto.com customers were buying.
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