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Nike's Warnings On China Should Scare Other Companies That Do Business There
That comes as China's post-COVID economic recovery has fizzled, with consumer demand remaining weak. Nike sounded another alarm on China's economy, signaling that weak consumer demand may continue hanging over companies that do business there despite Beijing's efforts to stimulate growth. In its fiscal second-quarter report late Thursday, the sports apparel giant beat earnings views, but its 1% revenue gain to $13.39 billion missed forecasts for $13.43 billion. Greater China sales rose 4% to $1.86 billion, below the expected $1.95 … Full investment news article
Relevent to this post: Kenneth Griffin
Appalachian State University Foundation,
Digitalbridge: I'm Buying This Digital Infrastructure Alternative Asset Manager (dbrg)
DigitalBridge Group (NYSE:DBRG) at a nearly $3 billion market cap is a small alternative asset manager focused solely on investing, building, and operating digital infrastructure assets and businesses. DBRG has a storied history, previously known as Colony Capital before a rebrand, the firm would switch from being elected as a REIT for tax purposes to a traditional C-Corp in 2022. DBRG's pivot has meant the creation of an asset-light digital infrastructure alternative asset manager with $29.9 billion in fee-earning equity … Full investment news article
Relevent to this post: Public School and Education Employee Retirement Systems of Missouri
Louisiana Economic Development,