RiverNorthPhotography GameStop ( GME ) CEO Ryan Cohen took to social media site X on Wednesday to make the case that American capitalism is rotting from the head down. The timing is intriguing, with GameStop ( GME ) reportedly on the hunt for an acquisition that could reset investor sentiment on the stock. Cohen warned that the idea of an owner-operator or risk-taker has been replaced with a new, ...
RiverNorthPhotography GameStop ( GME ) CEO Ryan Cohen took to social media site X on Wednesday to make the case that American capitalism is rotting from the head down. The timing is intriguing, with GameStop ( GME ) reportedly on the hunt for an acquisition that could reset investor sentiment on the stock. Cohen warned that the idea of an owner-operator or risk-taker has been replaced with a new, parasitic class of corporate bureaucrat that he called the risk-free insider and the hollow men of the boardroom. Key snippets of the missive are below. "They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about governance and ESG. But they are mercenaries fighting a war with someone else’s ammunition. In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken. Today, we have severed that link." "If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a 'Golden Parachute' worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived." "They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake." "The time for polite governance is over. If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end." More on GameStop GameStop May Not Be The Next Berkshire, But Exciting Times Are Ahe...
Demis Hassabis, Google DeepMind CEO says that India has huge potential in AI, backed up the research and talent building up in the country. James Manyika, Google and Alphabet's Senior Vice President India's AI participation can be a template for the global south. (Source: Bloomberg)
Demis Hassabis, Google DeepMind CEO says that India has huge potential in AI, backed up the research and talent building up in the country. James Manyika, Google and Alphabet's Senior Vice President India's AI participation can be a template for the global south. (Source: Bloomberg)
Comedian Joe Rogan says U.S. politicians profit from insider knowledge when trading stocks. Rogan in February 2023 mentioned former House Speaker Nancy Pelosi and her husband, Paul Pelosi, on his podcast "The Joe Rogan Experience" to highlight the advantage lawmakers may have when investing. He was discussing the stock trading activities of politicians with political commentators Krystal Ball and ...
Comedian Joe Rogan says U.S. politicians profit from insider knowledge when trading stocks. Rogan in February 2023 mentioned former House Speaker Nancy Pelosi and her husband, Paul Pelosi, on his podcast "The Joe Rogan Experience" to highlight the advantage lawmakers may have when investing. He was discussing the stock trading activities of politicians with political commentators Krystal Ball and Saagar Enjeti. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazo
The family behind one of Mongolia’s largest mining conglomerates has bought a detached house in Hong Kong’s upmarket Southern district for HK$247 million (US$31.5 million), with the buyer intending to use it as a “retirement residence”. Land Registry records showed Tisara Holdings, whose director is Tselmuun Nyamtaishir, signed a provisional agreement on January 29 to acquire House 5 in One Stanle...
The family behind one of Mongolia’s largest mining conglomerates has bought a detached house in Hong Kong’s upmarket Southern district for HK$247 million (US$31.5 million), with the buyer intending to use it as a “retirement residence”. Land Registry records showed Tisara Holdings, whose director is Tselmuun Nyamtaishir, signed a provisional agreement on January 29 to acquire House 5 in One Stanley at 128 Wong Ma Kok Road. Nyamtaishir is the president and CEO of Mongolyn Alt (MAK), a...
A surge in South Korean visitors wanting to play golf in Guangzhou, fuelled by China’s visa-free travel policy and the city’s warm climate, is keeping Quan Yulan busier than ever at the travel agency where she has worked for 12 years. Compared with 2023, when international travel began recovering after the coronavirus pandemic, Korean bookings surged by more than 300 per cent last year, said Quan,...
A surge in South Korean visitors wanting to play golf in Guangzhou, fuelled by China’s visa-free travel policy and the city’s warm climate, is keeping Quan Yulan busier than ever at the travel agency where she has worked for 12 years. Compared with 2023, when international travel began recovering after the coronavirus pandemic, Korean bookings surged by more than 300 per cent last year, said Quan, who is of Korean descent, adding that the Guangzhou-based agency expected even stronger growth this...
baona/iStock via Getty Images By Samuel Rines & Christopher Gannatti, CFA During the latest monthly rebalance, the WisdomTree GeoAlpha Opportunities Index implemented a set of changes that, taken together, sharpen the portfolio's exposure to the three realities defining the geopolitical backdrop of 2026. 1. The rearming of Europe. 2. Tariffs, industrial policy and 'economic security' are the defin...
baona/iStock via Getty Images By Samuel Rines & Christopher Gannatti, CFA During the latest monthly rebalance, the WisdomTree GeoAlpha Opportunities Index implemented a set of changes that, taken together, sharpen the portfolio's exposure to the three realities defining the geopolitical backdrop of 2026. 1. The rearming of Europe. 2. Tariffs, industrial policy and 'economic security' are the defining characteristics of the global competitive landscape, especially in autos. 3. A domestic infrastructure nexus where AI-driven electricity demand is rising rapidly, making reliability a strategic asset The Index is tilting toward policy-driven cash flows and "strategic necessity" industries (defense, grid reliability and staples), while reducing exposure to areas where risk has become more idiosyncratic (event-driven insurance volatility, politically entangled steel integration and a less direct geopolitical link in select holdings). The war in Ukraine continues to demonstrate a modern battlefield reality. Mass drone attacks, missile strikes and pressure on energy infrastructure have emerged as critical choke points in modern warfare. What matters for portfolio construction is not simply "defense spending is up," but where that spend is being targeted. Taking these realities into account, adding BAE Systems ( BAESF )( BAESY ) and Colt CZ ( CZGZF ) makes sense. BAE's inclusion reads like a direct expression of Europe's air defense/counter-drone priority set. The European Union's (EU's) readiness framework emphasizes air/missile defense and drones/counter-drones as front-line needs. BAE itself has been explicit that opportunities span missile and air defense systems and drones/counter-drones, supported by NATO 1 -area spending increases. In a world where the Ukraine war is continuously stress-testing interceptor inventories and layered defense concepts, the market is rewarding defense platforms and suppliers that map to those bottlenecks—especially in Europe, where procurem...
By Rae Wee SINGAPORE, Feb 19 (Reuters) - Asian stocks rose on Thursday, supported by gains in technology giants on Wall Street, while lingering U.S.-Iran tensions kept oil prices supported and left
By Rae Wee SINGAPORE, Feb 19 (Reuters) - Asian stocks rose on Thursday, supported by gains in technology giants on Wall Street, while lingering U.S.-Iran tensions kept oil prices supported and left
Surprising Revival: Gen Z Men & Highly Educated Lead Return To Religion Authored by Joel Kotkin, Bheki Mahlobo via RealClearInvestigations , The decline of religion remains a fundamental reality in most Western countries, particularly in Europe, where over 50% of those under age 40 do not identify with any faith. Even in more religious America, some estimate that as many as 100,000 churches will c...
Surprising Revival: Gen Z Men & Highly Educated Lead Return To Religion Authored by Joel Kotkin, Bheki Mahlobo via RealClearInvestigations , The decline of religion remains a fundamental reality in most Western countries, particularly in Europe, where over 50% of those under age 40 do not identify with any faith. Even in more religious America, some estimate that as many as 100,000 churches will close in the near future. Meanwhile, the ranks of “Nones,” those outside religious communities, have grown so large that their numbers rival those of Catholics and evangelical Protestants. Yet, as we document in a new report for the Chapman Center for Demographics and Policy, there are signs that religion is enjoying more than a nascent revival . Data emerging from the 2020s suggest that we are witnessing a complex spiritual restructuring that intersects with economic mobility, demographic resilience, and a profound intellectual realignment. For the first time in decades, Pew Research notes, in the U.S. at least, Christianity has stopped its nosedive as more people begin to see the efficacy, and the rewards, of religious faith and practice. This fragile development is especially noteworthy as it exposes growing divides and fault lines in American politics and culture. Drawing on a vast array of longitudinal studies, interviews, and other sources, one startling finding in both America and abroad is that, contrary to past assertions, today the faithful are not poor and ignorant but increasingly from the educated upper middle class. Even the cognitive elites are experiencing a growing trend to embrace religious activity. Indeed, in a rebuke of the aggressive New Atheism of the early 2000s advanced by thought leaders such as Richard Dawkins and Christopher Hitchens, a counter-movement appears to be growing among scientists, philosophers, and public intellectuals who view religious tradition not as a delusion to be eradicated but as a sustainable civilizational operating system. ...
New Zealand’s central bank is in the unusual position this year of expecting a strong economic recovery without triggering inflation pressures, according to Assistant Governor Karen Silk . The Reserve Bank’s Monetary Policy Committee this week held the Official Cash Rate at 2.25% and said that policy would remain accommodative because it expects inflation to slow toward its 2% target. Yet the RBNZ...
New Zealand’s central bank is in the unusual position this year of expecting a strong economic recovery without triggering inflation pressures, according to Assistant Governor Karen Silk . The Reserve Bank’s Monetary Policy Committee this week held the Official Cash Rate at 2.25% and said that policy would remain accommodative because it expects inflation to slow toward its 2% target. Yet the RBNZ also forecasts annual economic growth will accelerate to 2.8% by March 2027. “A lot of our discussion in this committee meeting was why should we believe there will be growth at the same time as inflation coming down,” Silk said in an interview Thursday in Wellington. “It feels like an anathema, but you can have robust growth because of the output gap. It can grow faster than, ultimately, the potential growth in the economy through that period.” New Zealand’s economy has ample spare capacity following a sharp recession in 2024 and only a nascent recovery last year. The output gap in the fourth quarter was minus 1.5% of potential gross domestic product, having fallen as low as minus 2.2% in mid-2025, according to the RBNZ. Inevitably that spare capacity will be used up and the RBNZ will need to move away from stimulating demand. Governor Anna Breman said Wednesday in her post-meeting press conference that there was a possibility of a rate hike toward the end of 2026 if the economy grows as expected. Investors meanwhile are fully pricing a 25 basis point rate increase in December. Read more: RBNZ’s Breman Debuts With Dovish Hold, Disappointing Markets Silk said the risks around the forecast cash-rate track are balanced. While parts of the economy are recovering, there has yet to be a strong pick up in consumption, which partly reflects weakness in the housing market, she said. Conversely, there is a risk that businesses whose profits have been squeezed start to raise prices and that fans inflation, she added. The RBNZ currently estimates the so-called neutral cash rate that ...