La Marxista: Mamdani Pledges To Open First City-Run Store With Projected $30 Million Initial Cost Authored by Jonathan Turley, Mayor Zohran Mamdani used his “ First 100 Days ” speech this week to announce that he has kept his promise to create a chain of city-run stores . . . by pledging to open one store sometime “next year.” According to the New York Post , the city is planning to make an East H...
La Marxista: Mamdani Pledges To Open First City-Run Store With Projected $30 Million Initial Cost Authored by Jonathan Turley, Mayor Zohran Mamdani used his “ First 100 Days ” speech this week to announce that he has kept his promise to create a chain of city-run stores . . . by pledging to open one store sometime “next year.” According to the New York Post , the city is planning to make an East Harlem location the first store at a cost of $30 million. It will be located in La Marqueta near Park Avenue. It is not clear if La Marqueta will be renamed La Marxista, but it will follow a long line of failed state-operated and city-operated stores. Chicago’s mayor, Brandon Johnson, also pledged such city-run stores . It is notable that the stores received such emphasis by Mamdani. It is not difficult to set up a grocery store, particularly when you run the city that approves permits and compliance conditions. It is not even difficult to set up a money-losing store as long as you have a city budget to pay for it. It is far more difficult to set up an independently sustainable store. In my book, “ Rage and the Republic, ” I discuss the rise of support for socialism and communism among young citizens who have no experience or memory with the failures of such systems in the 20th Century. I specifically discuss Mamdani and his policies. These are calls that are likely to increase with the emerging new economy: With the rise of American socialism, there are new calls for state subsidies and even the establishment of state-run grocery stores in places like Chicago. Past efforts have been colossal failures, including the still-ongoing effort in Kansas City. Over seven years, KC Sun Fresh is gushing money with losses in 2024 at $885,000. The millions lost on this store are on top of the $17 million that the city paid to buy the entire strip mall. By 2025, many of the shelves were entirely bare, while private grocery stores were successfully operating in the area. Despite these fai...
Fotoatelie/iStock Editorial via Getty Images Shares of The Coca-Cola Company ( KO ) have risen 8.4% since I initiated coverage in December 2025. The stock outperformed the S&P 500, which lost 0.4%, but retreated by roughly 7.5% recently, driven by the war. I put an $80.03 price target when I initiated coverage, so the stock price did exceed my expectations. With the Middle East war in play, it bec...
Fotoatelie/iStock Editorial via Getty Images Shares of The Coca-Cola Company ( KO ) have risen 8.4% since I initiated coverage in December 2025. The stock outperformed the S&P 500, which lost 0.4%, but retreated by roughly 7.5% recently, driven by the war. I put an $80.03 price target when I initiated coverage, so the stock price did exceed my expectations. With the Middle East war in play, it becomes interesting to assess how the company is positioned amid a macro-outlook that is termed grim. Coca-Cola Is Defensive But Not Immune Coca-Cola is a defensive stock due to its stable growth in earnings and dividends. However, the war has sent commodity prices soaring, and inflation is increasing. It may result in higher input costs for Coca-Cola in combination with higher logistics costs, while GDP pressures may reduce consumption, particularly in the away-from-home sales channel. Furthermore, growth in earnings is partially derived from emerging markets, which are more GDP sensitive. So, consumers will continue buying beverages, but as a defensive name, the stock is not fully immune, and it also shows in the stock price decline. If Coca-Cola were completely or largely immune from the current oil price shock and upcoming GDP shock, then we would have seen more investors pivoting their investments towards companies such as Coca-Cola, leading to higher share prices, not lower share prices. Defensive Nature Shows In Earnings Estimates The Aerospace Forum While Coca-Cola is not immune to cost impacts, the defensive nature largely shows in the analyst estimates , which have remained unchanged. By quarter, we see a 0.1%-0.2% revision downward in expected revenues and no change in earnings per share. By year, we see no expected changes for 2026 and 0.2%-0.3% reductions in expected earnings and revenues for 2027 and 2028. So, people will continue to consume beverages, and for Coca-Cola, a headwind may be painful, but given the size of the company, we also do not see an immediate...
Intuit (INTU) keeps growing. In Q2 FY26 (Jan. 2026), the company reported $4.7 billion in revenue, expanding 17% year over year. Yet, the stock had already collapsed, falling from a mid-2025 peak near $786 per share to $370 levels currently.
Intuit (INTU) keeps growing. In Q2 FY26 (Jan. 2026), the company reported $4.7 billion in revenue, expanding 17% year over year. Yet, the stock had already collapsed, falling from a mid-2025 peak near $786 per share to $370 levels currently.
(RTTNews) - Stellantis N.V. (STLA) said on Tuesday that shareholders overwhelmingly approved all resolutions at its Annual General Meeting, including the re-election and appointment of several board members.
(RTTNews) - Stellantis N.V. (STLA) said on Tuesday that shareholders overwhelmingly approved all resolutions at its Annual General Meeting, including the re-election and appointment of several board members.
S&P Dow Jones Indices Equities Global head Fiona Boal discusses markets surrounding the war in Iran and her outlook for Hungary. She speaks to Guy Johnson and Anna Edwards on "The Opening Trade." (Source: Bloomberg)
S&P Dow Jones Indices Equities Global head Fiona Boal discusses markets surrounding the war in Iran and her outlook for Hungary. She speaks to Guy Johnson and Anna Edwards on "The Opening Trade." (Source: Bloomberg)
London, 14 April 2026 – With just one week remaining until Sustainability LIVE and Procurement & Supply Chain LIVE: The US Summit, BizClik Media urges industry leaders to secure their tickets to this landmark event. Taking place on 21–22 April at Navy Pier, Chicago, the summit will bring together more than 120 chief officers and senior executives from global organisations including PepsiCo, Walmar...
London, 14 April 2026 – With just one week remaining until Sustainability LIVE and Procurement & Supply Chain LIVE: The US Summit, BizClik Media urges industry leaders to secure their tickets to this landmark event. Taking place on 21–22 April at Navy Pier, Chicago, the summit will bring together more than 120 chief officers and senior executives from global organisations including PepsiCo, Walmart, Google, General Motors, Pfizer and United Airlines. Attendees will gain access to insights on sus
HSBC rolls out Tokenized Deposit Service in the United States, leveraging blockchain to enable faster, transparent payments and real-time liquidity management.
HSBC rolls out Tokenized Deposit Service in the United States, leveraging blockchain to enable faster, transparent payments and real-time liquidity management.
This has not been a kind year for software stocks, but investors in the beaten-down group may soon get some relief. BTIG chief market technician Jonathan Krinsky notes that the iShares Expanded Tech-Software ETF (IGV) has rebounded in terms of its relative strength index (RSI). As of Tuesday, the fund's RSI sits at 46, up from a low under 20 earlier in 2026. And, while it briefly dipped below $77 ...
This has not been a kind year for software stocks, but investors in the beaten-down group may soon get some relief. BTIG chief market technician Jonathan Krinsky notes that the iShares Expanded Tech-Software ETF (IGV) has rebounded in terms of its relative strength index (RSI). As of Tuesday, the fund's RSI sits at 46, up from a low under 20 earlier in 2026. And, while it briefly dipped below $77 this month, the ETF is today back trading around $80. "The break below $77 has lasted all of two days, and with it firmly back above that level on heavy volume, we certainly would not want to stay short the group right now," Krinsky wrote to clients Monday. Software had been a Wall Street darling in recent years. IGV soared 59% in 2023 and another 23% in 2024. It also climbed nearly 6% last year. This year, though, the fund has taken a beating, with investors fearing artificial intelligence may be able to replicate many software functions for a fraction of the cost. IGV is still down 24% in 2026. Last week, it tumbled 7% after Anthropic, and AI platform, said its revenue run rate has topped $30 billion , up from $9 billion at the end of last year. However, Krinsky pointed out: "There is clearly a bottom in place, and as such you can manage risk vs. Friday's low ($73.93)."
huettenhoelscher/iStock Editorial via Getty Images Shareholders of Airbus ( EADSF ) ( EADSY ) approved all resolutions at the company’s 2026 annual general meeting, endorsing board appointments, a dividend payout and a planned leadership transition at the top of the board. The meeting, held Tuesday in Amsterdam, comes after what the company described as a pivotal 2025 across its commercial aviatio...
huettenhoelscher/iStock Editorial via Getty Images Shareholders of Airbus ( EADSF ) ( EADSY ) approved all resolutions at the company’s 2026 annual general meeting, endorsing board appointments, a dividend payout and a planned leadership transition at the top of the board. The meeting, held Tuesday in Amsterdam, comes after what the company described as a pivotal 2025 across its commercial aviation, helicopter and defense businesses. Board changes Investors approved the renewal of board mandates for Mark Dunkerley, Stephan Gemkow and Antony Wood, each for three-year terms. The meeting also confirmed several changes to the non-executive lineup. Henriette Hallberg Thygesen, chief executive of Terma A/S, joined the board as a non-executive member, replacing Feiyu Xu, whose term expired at the close of the meeting. Xu had contributed to discussions on digitalization and artificial intelligence, according to the company. Oliver Zipse , chief executive of BMW, was appointed as a non-executive member for a one-year term to complete the mandate of Victor Chu, who is stepping down after eight years. Airbus ( EADSF ) ( EADSY ) said its staggered appointment system, under which directors are elected in blocks each year, is designed to avoid large-scale turnover at a single meeting and preserve continuity. Dividend approval Shareholders also approved a dividend of €3.20 per share for the 2025 financial year, in line with the company’s proposal. Chair transition set The company confirmed that René Obermann will step down as chair of the board on October 1, and will not seek re-election as a director when his mandate expires in 2027. He will be succeeded by lead independent director Amparo Moraleda , who has been designated to take over the role on the same date. The transition follows nearly a decade of leadership by Obermann, during which Airbus ( EADSF ) ( EADSY ) navigated the COVID-19 pandemic, supply chain disruptions and heightened geopolitical tensions. Outlook and contex...
The earliest paintings were made over 32,000 years ago - the very first forms of art and culture. They weren't discovered until 1994, when cave explorers in France stumbled into the Chauvet Cave. More than a decade later, filmmaker Werner Herzog was allowed rare access to the highly guarded prehistoric site to shoot what would become the lauded 3D documentary Cave of Forgotten Dreams . It is a str...
The earliest paintings were made over 32,000 years ago - the very first forms of art and culture. They weren't discovered until 1994, when cave explorers in France stumbled into the Chauvet Cave. More than a decade later, filmmaker Werner Herzog was allowed rare access to the highly guarded prehistoric site to shoot what would become the lauded 3D documentary Cave of Forgotten Dreams . It is a strange and moving film, one wherein Herzog convincingly argues, in his heavily enunciated German accent, that these caverns are the birthplace of "ze mo-dern hu-man soul." Fifteen years since its premiere, the movie has achieved a cult-like status, and … Read the full story at The Verge.
KE ZHUANG/E+ via Getty Images My last coverage of TOYO Co., Ltd. ( TOYO ) about a year ago (June 2025), with a Buy rating at $3.56 , has delivered 226%, as TOYO now trades around $11.63. At the time, I upgraded TOYO from a prior Hold on the back of an operational turnaround that I argued the market was misreading. I am leaning more cautious at this time following the second half and full year 2025...
KE ZHUANG/E+ via Getty Images My last coverage of TOYO Co., Ltd. ( TOYO ) about a year ago (June 2025), with a Buy rating at $3.56 , has delivered 226%, as TOYO now trades around $11.63. At the time, I upgraded TOYO from a prior Hold on the back of an operational turnaround that I argued the market was misreading. I am leaning more cautious at this time following the second half and full year 2025 results released two weeks ago. I believe the investment case for TOYO has evolved. And in this piece, I’ll point out where I believe it has strengthened and where it has not. TOYO Co. Ltd. - Company Overview A brief overview for readers and investors in solar equities who may not be familiar with what the company is all about, as it can still be somewhat regarded as a newly listed company. TOYO got listed on Nasdaq about two years ago (July 2024) and describes itself as a vertically integrated solar solution company. TOYO's stated ambition is to become a full-service solar solutions provider spanning the entire solar value chain. By being vertically integrated, TOYO controls multiple stages of the production chain rather than specializing in just one aspect. TOYO’s operations span solar cell manufacturing in the upstream production of wafers and silicon, in the midstream production of solar cells, up to the downstream production of photovoltaic (PV) modules, and now they run a U.S. distribution. TOYO manufactures solar cells and owns facilities in Vietnam (2 GW capacity) and Ethiopia (4 GW capacity) and also operates a 567,140-square-foot facility module production facility in Houston, Texas. The U.S. facility is targeting 6.5 GW in annual module capacity by 2029. TOYO sells solar cells primarily through its affiliate Vietnam Sunergy Joint Stock Company (VSUN Co.) and a growing group of third-party module manufacturers. This detail of how much sales mix comes from the affiliate and the third parties is important to track the company’s true sales momentum. We’ll get to the...
alexsl/iStock via Getty Images Markets are repricing interest rate expectations as the Middle East conflict drags on. Scott Colbourne, Head of Active Fixed Income at TD Asset Management, warns that renewed inflation pressures could trigger a 2022-style environment - putting pressure on both stock and bond valuations as economic growth slows. Transcript Greg Bonnell: Fears about inflation due to th...
alexsl/iStock via Getty Images Markets are repricing interest rate expectations as the Middle East conflict drags on. Scott Colbourne, Head of Active Fixed Income at TD Asset Management, warns that renewed inflation pressures could trigger a 2022-style environment - putting pressure on both stock and bond valuations as economic growth slows. Transcript Greg Bonnell: Fears about inflation due to the continued conflict in the Middle East has traders repricing their interest rate expectations. Joining us now to discuss the future path of rates and what it means for the bond market, Scott Colbourne, managing director and head of active fixed income with TD Asset Management. Scott, always great to have you on the program. Scott Colbourne: Great to be here, Greg. Greg Bonnell: Here we are several weeks, more than a month, and we're still worrying about this conflict in the Middle East. We don't seem to have any kind of resolution on the radar, having a lot of impacts across a lot of different asset classes. What about the bond market? Scott Colbourne: Well, the bond market's been treating this as an inflation shock, right? It's a supply-side shock buffeted by another one. Ever since COVID, we've been-- lots of shocks. If you think back to the beginning of the year-- it's not that long ago, but it seems long ago-- we were thinking about a possibility of two cuts by the Fed in the bond market. And now, here we are after the Iran-- at the beginning, the war has left us with rates substantially higher and unwinding all of that anticipation of rate cuts. And so, the markets have been focusing on the inflationary impact of this, first and foremost. It's not to say that there isn't concerns, ultimately, about growth and demand destruction. But for the time being, long-term bonds-- US, European, Canadian-- they're all up about 20, 30 basis points. Even the front end, which has been a safe haven, if you will-- a lot of focus on the front end of the yield curve-- have-- unwind, as ...