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“Nobody Knows Anything,” Wall Street Strategist Edition

Barry Ritholtz

This is true about equity and bond markets, specific company stocks, and economic data series. Or, as John Kenneth Galbraith observed, The only function of economic forecasting is to make astrology look respectable. ~~~ Public Enemy’s 13th album was titled “ Man Plans, God Laughs.”

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A Business Upended: Streaming disrupts the Entertainment Business!

Musings on Markets

The recent troubles in entertainment, though, reflect a longer term disruption that has occurred in the business, with the rise of streaming as an alternative to the traditional platforms for movies and television shows.

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Coca-Cola CEO: Expect Longer-Run Economic Recovery Post-Pandemic

PYMNTS

Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. It is more likely the economy’s recovery post-pandemic will be more of a U- or “extended U”-shape, not a “V-shape” with a quick bounce back to normal, he told CNBC on Wednesday (May 20).

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New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says

PYMNTS

as well as its presence as a heavily-traversed destination for entertainment, travel, tourism and trade. The report goes on to say that NYC was hit extra hard by the pandemic because of its status as an early starting point in the U.S. According to the report, NYC is likely to end the current fiscal year with a surplus of $1.5

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The Qatar Investment Authority’s Core Investments Of Its Wealth Fund

Global Finance

It was established in 2005 with an overarching objective to create long-term value, as well as two other objectives in support of Qatar’s wealth: providing liquidity when needed to stabilize the local economy and supporting local economic development.

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Disney, Meta Platforms, Lucid Motors, Roblox and more

CFO News Room

Upstart Holdings — The AI-driven lending platform tumbled 11% after the company issued a weaker-than-expected revenue forecast for the current quarter, citing challenging economic conditions. AMC Entertainment — Shares dropped 9.8% after the company reported another quarterly loss as operational costs increased.

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GW Platt Foreign Exchange Bank Awards 2025: FX Tech Global Winners

Global Finance

Recent bespoke solutions have been developed for specific business verticals including funds, financial institutions, education, renewables, and sports and entertainment. Applying advanced technologies such as AI and machine learning, to improve decision-making and risk management, will be the key to navigating such challenges.