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Roku May Help Fox Avoid Aggregeddon
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Scrolling through links over the last week, I stumbled across this fun headline: Wow. Formula 1 (the sport, not the docu-series) is the perfect “dog not barking”. As a reminder, each week in my Streaming Ratings Report, I call out the shows that miss every viewership chart. I dub them “dogs not barking”—like the Sherlock Holmes mystery—because without any data, we forget they even exist. This is in contrast to something like, say, a film flop—cough The Mandalorian and Grogu cough—where even underperforming at the box office is widely discussed here, there and everywhere. In the US, Formula 1 is now in “no public viewership data, so not discussed” territory. After moving to Apple TV from its former home of ESPN, basically no one talks about it. Apple did publish an initial, unsourced, unsubstantiated, (dare I say unserious) datecdote claiming more folks are watching Formula 1 on Apple than ESPN, but we haven’t gotten any updates since. This stands in contrast to when the sport streamed on ESPN, and ESPN PR provided weekly viewership figures. Formula 1 was, at best, a niche sport in America—averaging 1.3 million viewers in the Big Data Plus era—but now it’s basically anonymous. (And yeah, after moving to Apple, I very, very, very much doubt its ratings increased.) Unfortunately, that story isn’t quite big enough to warrant a section in today’s “Most Important Story of the Week” column, but I wanted to call it out, because otherwise, no one else will! Certainly, no one will write articles about the silence/ratings decline, unlike when they wrote breathless articles connecting the rise in viewership to Netflix’s Drive to Survive, including Reuters just last month. (This is a topic I’ve tried to provide a moderate/nuanced/non-hyped take since 2022.) Anyway, on to this week’s issue. I was a bit worried I didn’t have a juicy topic, then the Murdochs went out and did their Murdoch thing: buying Roku. So that’s the story of the week, and it happens to touch on quite a few themes of the streaming wars and the disruption therein. I’ll cover that, plus why more consolidation in Hollywood media looks likely, more good news on the Hollywood labor front, whether we’ll see an uptick in production in Los Angeles, some Broadway and theme park news, cellphone prices going up in the third world (and possibly everywhere), and more. Subscribe Most Important Story of the Week - Another Big Media & Entertainment Merger The story of the week is clearly Fox is buying Roku for $22 billion. I read a lot of good strategy takes on why Fox bought this streaming TV device maker—and I’ll have mine below—but what fascinates me more is how this deal connects to quite a few themes of the streaming wars, linking to everything from the pace of M&A to “aggregeddon” to Netflix’s recent M&A actions/inactions to the shift to advertising from pure play streaming and more. The only topic I can’t really connect it to is my old theory, “never bet against Rupert Murdoch” because he isn’t the one who did this deal; his son Lachlan inked it. (Do I think he provided advice, even at his 95 years of age? Sure.) That plus I have one additional piece of strategy for all entertainment players, inspired by this deal. So let’s dive into all those topics, starting with why I like this deal. Roku is a Great M&A Buy
Alo Yoga primed for public offering or sale after owner's sale of wholesale T-shirt business
In a deal that attracted little interest from Wall Street, the owner of popular yoga clothing maker Alo agreed to sell its wholesale T-shirt division Bella+Canvas last month.
Meta announces new range of smart glasses starting at $299
Meta Platforms on Tuesday announced a new range of AI smart glasses in partnership with EssilorLuxottica , starting at $299.
Explainer: The health risks of extreme heat
The world is baking under extreme heat, with Europe, Asia and parts of the U.S. all dealing with scorching temperatures.
German business activity hits 18-month low in June, PMI shows
Germany's private sector activity contracted at its fastest pace in 18 months in June as the services downturn deepened, a survey showed on Tuesday.
Indian shares set to pause after oil-led rally
Indian shares were set to open flat on Tuesday, with analysts expecting a phase of consolidation in the absence of fresh triggers after gains in six out of seven sessions, while sentiment remained constructive on easing Middle East tensions.
Dalton and Tristi's NBA mock draft 4.0: Who Warriors, Kings pick in first round
NBC Sports Bay Area and California predicts who the Golden State Warriors and Sacramento Kings will pick in the 2026 NBA Draft's first round.
SpaceX launches notes offering, discloses $100.8 billion cash balance
SpaceX said on Monday it launched an offering of senior unsecured notes and disclosed that it held about $100.8 billion in cash and cash equivalents as of June 19.
BofA forecasts 75 bps of rate hikes in 2026 on labour market resilience, new Fed chair
BofA Global Research expects the Federal Reserve to hike interest rates by 75 basis points in 2026, it said on Monday, citing resilient economic data and rising expectations of a hawkish Fed under new Chair Kevin Warsh.
UK politics live: Starmer expected to announce he will resign as prime minister
Live coverage.
Global business leaders back faster electrification shift
MORE THAN 100 COMPANIES INCLUDING NESTLE, UBER URGE GOVERNMENTS TO MAKE ELECTRIFICATION CENTRAL TO ECONOMIC STRATEGY
'Out of hand': Paraguay coach Alfaro vents at World Cup's business elite
Paraguay's outspoken coach Gustavo Alfaro took aim at football's business elites on Sunday, accusing them of commercial intrusion on the World Cup and sidelining fans with exorbitant ticket costs in a sport that has its roots in poverty.
Poland PM Tusk says political row with Ukraine is a 'strategic mistake'
A conflict between politicians in Poland and Ukraine is a strategic mistake that will harm both sides, Polish Prime Minister Donald Tusk said on Sunday on X, as he sought to defuse a row sparked by a historical dispute.
UK business minister says he has no reason to think PM Starmer will resign on Monday
British business minister Peter Kyle said on Sunday he has no reason to believe that Prime Minister Keir Starmer is planning to announce his resignation on Monday.
UK business minister says he has no reason to think PM Starmer will resign on Monday
LONDON, June 21 (Reuters) - British business minister Peter Kyle said on Sunday he has no reason to believe that Prime Minister Keir Starmer is planning to announce his resignation on Monday.
UK Business Minister Says He Has No Reason to Think PM Starmer Will Resign on Monday
LONDON, June 21 (Reuters) - British business minister Peter Kyle said on Sunday he has no reason to believe that Prime Minister Keir Starmer is planning to announce his resignation on Monday. Speaking to Sky News, Kyle said he had a "frank" conversation with Starmer on Friday. Britain's ...
Ubisoft's co-founder Claude Guillemot dies in plane crash
Claude Guillemot, who co-founded French video-game publisher Ubisoft with his brothers in 1986, has died, the company said on Saturday.
Iranian Guards' business empire to win big if U.S. sanctions lifted
Emerging outlines of a deal between Washington and Tehran to end their war contain a stinging paradox: sweeteners to coax Iran into compliance may strengthen an adversarial force that the U.S. and its Western allies consider a terrorist organisation.
For Vance, Iran talks could shape political rise
U.S. Vice President JD Vance is poised to take on his biggest role yet on the international stage as President Donald Trump's chief negotiator to end the three-month war with Iran, a moment that could shape Vance’s prospects as a White House successor.
Tata's iPhone parts factory faces India health probe after farmer contamination complaints
An Indian state health authority is investigating how liquid discharged from Apple supplier Tata's iPhone components factory has affected farmers, some of whom complained about skin issues from contamination in their farmlands, according to three officials and a document reviewed by Reuters.
Turkish competition board approves Uber acquisition of Getir delivery business
The Turkish Competition Board said on Friday it had approved Uber Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from Emirati controlling shareholder Mubadala.
Gulf airlines get back to business as flights near pre-war levels
Say it quietly, but Gulf airlines are back in business.
Sleep and light: the science behind Qantas' bet on 20-hour flights
Qantas Airways is betting that science can make the world's longest flights feel less punishing - unveiling plans for a "wellness zone," extra legroom, specially timed meals and animated lighting on its non-stop Sydney-London services due to launch next October.
Mangione, accused CEO killer, withdraws mental health defense plans for now
Luigi Mangione, the man accused of gunning down a health insurance executive on a Manhattan sidewalk, is for now withdrawing plans to argue at trial that he was undergoing an extreme mental health crisis at the time of the alleged killing, according to a Friday court filing.
Mangione, Accused CEO Killer, Withdraws Mental Health Defense Plans for Now
By Jack Queen NEW YORK, June 18 (Reuters) - Luigi Mangione, the man accused of gunning down a health insurance executive on a Manhattan sidewalk, is for now withdrawing plans to argue at trial that he was undergoing an extreme mental health crisis at the time of the alleged killing, according ...
Mydays founder expresses interest in ProSiebenSat.1's adventure business
The founder of adventure experience business Mydays, now part of broadcaster ProSiebenSat.1, told Reuters he and co-investors are looking into buying back the unit, potentially pitting them against German entrepreneur Jochen Schweizer.
Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business
Architect Labs said on Thursday it had raised $24 million in seed funding to build a company that will use artificial intelligence to speed and ease the design of custom chips.
Death Toll From Israeli Fire in Gaza Since Ceasefire Passes 1,000, Says Health Ministry
CAIRO, June 18 (Reuters) - The number of Palestinians killed by Israeli fire in Gaza has reached more than 1,000 since a U.S.-brokered ceasefire last October, the enclave's health ministry said on Thursday, as at least three people were reported killed in the latest strike. Medics said an ...
Siemens Energy weighs spin-off of 'Transformation of Industry' unit, Manager Magazin reports
Siemens Energy is weighing spinning off its "Transformation Of Industry" division, which makes compressors and steam turbines, Manager Magazin reported on Thursday.
US Health Department announces over $700 million to combat mental health, addiction, homelessness
U.S. Health Secretary Robert F. Kennedy Jr. on Wednesday announced more than $700 million in new funding opportunities aimed at tackling mental illness, addiction and homelessness.
US FTC sues transgender health nonprofit over youth care standards
The U.S. Federal Trade Commission and four states accused a nonprofit focused on transgender health of making misleading statements about the benefits of gender-affirming treatments for young people in a lawsuit filed on Wednesday.
US business inventories increase as expected in April
U.S. business inventories increased strongly in April, suggesting that inventory investment could contribute to economic growth in the second quarter.
EU supports ebola response with €493 million in vaccines, treatment and health aid
The European Commission said on Wednesday it will fund the response to the ebola outbreak in Central Africa with a €493 million ($572 million) financial aid package.
Mood darkens among German auto suppliers as investment, hiring fall, survey shows
German automotive suppliers expecting business conditions to worsen over the next year now outnumber the industry's optimists, a survey showed on Wednesday, as domestic hiring sinks to a new low and investment in the sector moves overseas.
Australia court bans former Star Entertainment CEO for six years, fines $495,000
Australia's Federal Court on Wednesday banned former Star Entertainment CEO and managing director Matthias Bekier from managing corporations for six years, and fined him A$700,000 ($494,620.00) over breaches tied to the handling of risks associated with money laundering and criminal activity.
US Sues New York Health Officials Over Alleged Fraud in Medicaid Homecare Program
By Jonathan Stempel NEW YORK, June 16 (Reuters) - The Trump administration sued top New York health officials on Tuesday over an alleged scheme to rig the bidding process for managing the state's estimated $10 billion Medicaid homecare program, harming patients and caregivers as well as ...
Microsoft's cloud infrastructure talks with Oracle collapse, Business Insider reports
June 16 (Reuters) - Microsoft's discussions with Oracle regarding a cloud infrastructure leasing deal, potentially valued at more than $3 billion, have fallen apart due to security and compliance
Microsoft's cloud infrastructure talks with Oracle collapse, Business Insider reports
Microsoft's discussions with Oracle regarding a cloud infrastructure leasing deal, potentially valued at more than $3 billion, have fallen apart due to security and compliance concerns, Business Insider reported on Tuesday.
EU rules out mandate to keep video games playable, seeks voluntary code
The European Commission said on Tuesday it cannot require video games to remain playable after they are withdrawn from sale, but will work with industry and consumer groups on a voluntary code of c...
Trump’s Iran accord offers exit from war
The Trump administration and Iran's leadership agreed on Sunday to terms to end their war and reopen the Strait of Hormuz, a development that has delivered significant relief to global markets.
Warriors' 2026 NBA offseason outlook: Who stays, who goes during pivotal summer?
Dalton Johnson breaks down the current state of the Golden State Warriors' roster heading into the 2026 NBA offseason.
Saudi Arabia sports minister vows affordable and safe World Cup in 2034
Saudi Arabia's Sports Minister says the kingdom will work with FIFA to ensure ticket affordability and fan safety for the 2034 World Cup, amid regional instability and lessons from this year's finals in North America where costs have been a concern.
Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure. The proposed class action led by a Michigan pension fund was filed in Seattle federal court on Friday, after Microsoft shares fell 10% on January 29 in response to its quarterly earnings report a day earlier. About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.
Salesforce to buy Fin for about $3.6 billion
Salesforce said on Monday it had signed an agreement to acquire customer agent company Fin for about $3.6 billion.
Fox to buy Roku in $22 billion deal
Fox signed an agreement to acquire Roku in a deal valued at about $22 billion, the companies said.
Analyst recommendations: Accenture, Caesars Entertainment, Roku, Adobe, Salesforce…
Every morning, find a selection of analysts' recommendations covering North America. The list only includes companies that have been the subject of a change of opinion or price target, or of a new...
Saint-Gobain sells Dahl business to Kesko for $1.7 billion
France-based construction group Saint-Gobain agreed to sell its specialist distribution business in Sweden, Norway and Denmark, primarily under the Dahl brand, to Finnish retailer Kesko for €1.5 billion ($1.7 billion), the company said on Monday.
Scotland's Tartan Army switches sports for a day in Boston
Thousands of Scotland supporters who have descended on Boston for the World Cup took time off from football on Sunday to switch their focus to a different sport - baseball.
New Zealand brush aside politics ahead of World Cup opener against Iran
New Zealand coach Darren Bazeley brushed aside the political backdrop to his side's World Cup opener against Iran on Monday, saying his players were focused solely on football despite heightened attention surrounding the match.
Congo says 782 Ebola cases confirmed, two new health zones affected
The number of confirmed Ebola cases in Democratic Republic of Congo has increased to 782 after 72 new cases were documented in 24 hours, one of the biggest single-day jumps during the ongoing outbreak, government data showed on Sunday.
Health workers struggle to contain Ebola in Congo camps as distrust grows
After the Kpangba displacement camp became the first in this part of war-torn Congo to record deaths from Ebola two weeks ago, health workers rushed to trace those who had come into contact with the deceased to break chains of transmission.
Trump hosts White House cage fights amid war and political scrutiny
Donald Trump hosts a card of seven mixed martial arts fights to be held on Sunday inside a specially built arena on the White House's South Lawn on his 80th birthday, a spectacle spotlighting his norm-defying style at a tense moment in his presidency.
Honeywell Sees Strong M&A Opportunities in Industrial Automation Business
Honeywell International Inc. (NASDAQ:HON) is included among the 10 Best S&P 500 Dividend Stocks to Buy Right Now. On June 11, Reuters reported that Honeywell International Inc. (NASDAQ:HON) is targeting acquisitions valued between $2 billion and $4 billion and sees significant opportunities for deals within its industrial automation business. “There is a ton of opportunity […]
Will Trump Spend His $350 Million War Chest to Win Texas? Republicans Are Worried
By Nolan D. McCaskill WASHINGTON, June 13 (Reuters) - Republicans want President Donald Trump to put his money where his mouth is: behind his scandal-plagued ally, Texas Attorney General Ken Paxton. Paxton ousted four-term Senator John Cornyn in a primary runoff last month on the heels of Trump's ...
Trump administration must restore history, science materials at parks, US judge rules
A federal judge ordered the Trump administration on Friday to reinstall exhibits and signs touching on topics like slavery and climate change that it had removed from parks and monuments nationwide "that do not align with its preferred narrative."
Dalton and Tristi's NBA mock draft 3.0: Who Warriors, Kings pick in first round
NBC Sports Bay Area and California predicts who the Golden State Warriors and Sacramento Kings will pick in the 2026 NBA Draft's first round.
Trump's grand sporting season begins with UFC fights on White House lawn
President Donald Trump's run of high-profile sporting events begins this week in Washington, with the U.S. leader eager to project an image of strength at home and abroad.
South Africa banks chase underserved mid-sized businesses to drive growth
(Corrects paragraph 7 to say in excess of 30% not about 30%, paragraph 9 to make clear that clients will grow by 7,000 not to 7,000) By Nqobile Dludla JOHANNESBURG, June 11 (Reuters) - In the glass-walled boardrooms of South Africa's biggest banks, executives are ramping up efforts to win clients from a once overlooked corporate segment: medium-sized companies that are now too lucrative to
Congo says number of confirmed Ebola cases rises to 676
The number of confirmed Ebola cases in Democratic Republic of Congo has increased to 676, including 136 deaths, government data showed on Thursday.
UK health regulator approves Novo Nordisk's weight-loss pill
Britain's medicines regulator approved Novo Nordisk's weight-loss pill on Thursday, giving patients a new needle-free treatment option and bolstering the Danish drugmaker's first-to-market lead against U.S. rival Eli Lilly .
DAZN, DirecTV Latin America strike sports channel deal ahead of World Cup
Sports streaming platform DAZN, backed by British-American billionaire Len Blavatnik, said it had struck a deal to bring DirecTV Latin America's DSPORTS channels to its platform in five countries, expanding its soccer offering as the 2026 FIFA World Cup kicks off.
SpaceX by the numbers: Six charts mapping businesses driving its IPO ambitions
SpaceX's market debut on Friday is expected to be the largest-ever IPO, capping the meteoric rise of a company that has reshaped the space business with reusable rockets and internet beamed from orbit and which now targets space-based AI.
South African business confidence edges up in May after April slump
South African business confidence edged up in May after a sharp fall in April, as companies adjusted to the oil price shock triggered by the Iran war and vehicle sales remained buoyant, data showed on Thursday.
Warriors' Steph Curry named to TIME100 Most Influential People in Sports 2026
Golden State Warriors superstar Steph Curry was named to the inaugural TIME100 Most Influential People in Sports 2026 list.
US judge rejects 'unprecedented' bid to block DOJ transgender health subpoenas nationwide
A federal judge in Maryland on Wednesday rejected a novel bid by LGBTQ rights advocates to secure a nationwide order preventing the U.S. Department of Justice from forcing healthcare providers across the country to turn over records about transgender youth who received gender-affirming medical care.
Congo says number of confirmed Ebola cases rises to 635
The number of confirmed Ebola cases in the Democratic Republic of Congo has increased to 635, including 127 deaths, government data showed on Wednesday.
US business group says some critical minerals are 'nearly unobtainable' from China
U.S. access to critical minerals from China remains difficult due to export controls and licensing delays, a U.S. business lobby said on Wednesday, with Beijing's restrictions driving three-quarters of impacted companies to search for new supplies.
Apotex Health shares jump in Toronto stock market debut
Canadian health company Apotex Health rose about 17% above the initial public offering price at its Toronto market debut on Wednesday, bringing life back to a subdued market that had struggled to see new IPOs for years.
India's Zee Entertainment to raise $241 million
Indian television broadcaster Zee Entertainment said on Wednesday that it would raise 23 billion rupees ($241.43 million) to fund its strategic and business initiatives.
LinkedIn launches new effort in push to capture business advertisers
LinkedIn is aiming to burnish its position as a go-to platform for business advertisers with a new team of marketing experts that it expects to generate an annualized run rate of $100 million next fiscal year, a source familiar with the matter said.
Starbucks said to weigh Japan unit options, including a stake sale, Bloomberg News reports
Starbucks is considering options for its Japanese business, including a stake sale, following the disposal of a majority interest in its China operations, Bloomberg News reported on Tuesday.
Japan's Asics to spin off Onitsuka Tiger business
Japan's Asics Corp on Wednesday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit, in a bid to speed up decision-making and boost competitiveness.
EU Says Decision Not to Launch Siri AI in Europe Is Apple's Alone
The European Commission has responded to Apple's announcement that Siri AI will not launch in the EU, saying the decision is entirely Apple's and that the company sought an exemption from its legal obligations rather than a compliant solution. Commission spokesperson Thomas Regnier told reporters in Brussels (via Reuters) that Apple had failed to develop interoperability solutions meeting EU privacy and security standards, and instead asked to be let off the hook entirely.
Sidelined U.S. study on alcohol's health effects published in independent journal
A study that found even low levels of drinking alcohol can increase health risks was published in full on Tuesday in an independent journal after being sidelined by the Trump Administration, which opted not to consider the federally-commissioned research to inform new U.S. drinking guidelines set out earlier this year.
BP's new upstream unit to be led by Gordon Birrell, downstream by Richard Harding
BP said on Tuesday that company veteran Gordon Birrell would lead its upstream unit and Richard Harding will be interim head of the downstream unit as part of its previously announced organisational change into two main business segments.
Paramount Skydance seeks business counterpart to CBS News editor Bari Weiss, Axios reports
Paramount Skydance is scouting candidates to oversee the business side of operations, who would work alongside CBS News' editor-in-chief Bari Weiss, Axios reported on Tuesday, citing two sources familiar with the matter.
US small business sentiment falls in May as inflation worries mount
U.S. small-business sentiment fell in May and the share of owners planning to raise prices over the next three months increased to the highest level in nearly four years, suggesting inflation could remain elevated for a while.
Fuel price shock to widen product gap between US airlines
The fuel shock hitting U.S. airlines is doing more than squeezing margins — it is widening a product gap that may take years to close, as stronger carriers keep investing in lounges, premium seating, technology and international networks that weaker rivals may struggle to match.
FIFA World Cup 2026: The science behind perfect football pitches
From sand‑based soils to underground heating, explore the mechanics of playing surfaces for the FIFA World Cup.
Oil rises slightly as investors await clarity after Iran-Israel halt attacks
Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal from U.S. President Donald Trump.
S&P 500, Nasdaq futures climb as chip stocks stabilize
S&P 500 and Nasdaq futures climbed on Monday, as chip stocks steadied after plunging to over two-week lows, though renewed strikes in the Middle East kept investors largely at bay.
Honeywell lifts annual profit forecast ahead of aerospace spinoff
Honeywell on Monday raised its annual adjusted profit forecast weeks ahead of the spinoff of its aerospace business.
Health experts to screen US wastewater for disease outbreaks during World Cup
Epidemiologists will be busy this summer sifting through sewage and social media with the goal of keeping soccer fans and the public safe from severe illness during the World Cup, one of the largest and most globally diverse mass gatherings ever anticipated.
South Korea to seek priority supply of Nvidia Vera Rubin GPUs, science minister says
South Korea will ask for priority supply of Nvidia's next-generation Vera Rubin graphics processing units, as deliveries are expected to be delayed, Science and ICT Minister Bae Kyung-hoon said on Monday.
Citigroup lifts S&P 500 year-end target to 8,100 on earnings strength, AI 'supercycle'
Citigroup became the latest Wall Street brokerage to raise its 2026-end target for the S&P 500 index beyond the 8,000 mark, citing resilience in corporate earnings and AI-driven growth.
Businesses fear for economy if Swiss vote to cap population at 10 million
Switzerland goes to the polls on June 14 to vote on whether to cap its population at 10 million people in a referendum some have likened to a "Swiss Brexit", alarming many businesses who fear an economic blow should the proposal succeed.
Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data
Goldman Sachs expects the U.S. Federal Reserve to keep rates unchanged through 2026 and delay rate cuts until 2027, it said on Friday, citing stronger economic activity and job growth after a robust payrolls report.
How a few AI chip giants warped Asia's stock picking game
Sam Konrad's stocks are having a fantastic year, thanks to AI-fueled rallies in Taiwan and South Korea, but his fund is so top heavy with winners, he now needs to ditch his best performers.
China's global e-commerce push stalls as Iran war lifts costs, dampens demand
China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms like Temu , Shein and AliExpress .
South Korea's Lee says success of business should be shared, plans surplus tax revenue use
South Korean President Lee Jae Myung said on Monday the gains of business success should be shared throughout society and the government will devise a plan to effectively use the surplus tax revenues generated from the country's semiconductor sector.
Saving Siri: After two years of stumbles, is Apple's AI moment here?
When Apple holds its developer conference at its Cupertino, California headquarters on Monday, the big draw will be a widely expected overhaul to Siri, the AI assistant the iPhone maker two years ago promised, but failed, to improve.
Saving Siri: After two years of stumbles, is Apple's AI moment here?
When Apple holds its developer conference at its Cupertino, California headquarters on Monday, the big draw will be a widely expected overhaul to Siri, the AI assistant the iPhone maker two years ago promised, but failed, to improve.
VIEW Tech stocks dive as Fed bets rattle AI rally
Asian markets extended last week's bruising selloff with high-flying semiconductor stocks taking the heaviest beating and South Korea's KOSPI sinking more than 4.5%.
China says 'illegal' outbound investment crackdown won't lead to forced liquidation
China's crackdown on "illegal" cross-border investment won't lead to mainlanders' offshore accounts being closed and assets liquidated forcibly, the securities regulator said, amid investor concerns over the fate of $54 billion worth of assets.
Oil prices rise more than $2 on Israel strikes on Lebanon
Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon.
LATAM CEO sees more airline capacity cuts if fuel shock persists
LATAM Airlines Chief Executive Roberto Alvo said the airline industry may need to cut capacity further if elevated fuel prices persist into 2027, warning that carriers with weaker balance sheets and greater exposure to price-sensitive traffic will face mounting pressure.
NASA to wear Prada as luxury group pushes into space industry
Italian fashion house Prada 1913.F unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading into space, underscoring the brand's push to be the first major luxury player to make inroads in the space industry.
Global airlines slash 2026 profit forecast on fuel shock from Iran war
The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on thin margins.