Aston Martin has again warned its profits will be lower than expected and sold its permanent naming rights to its Formula One team, as the struggling British carmaker battles to stabilise its finances. The luxury carmaker, majority-owned by the Canadian billionaire Lawrence Stroll, said its earnings for 2025 would be worse than City forecasts, its fifth profit warning since September 2024.
Why it matters: Positive stock performance helps explain why so many free-market capitalists have signed onto something that seems more socialist than not. And why others will do so when given the opportunity. By the numbers: The White House appears to have agreed to equity deals with nine companies, most which are publicly traded. The public cohort saw their share prices climb an average of 85% between the time of announcement (or press leak, if earlier) and yesterday, per an Axios analysis.
The upmarket fashion retailer LK Bennett is on the brink of collapse for the second time in six years after filing an application to appoint administrators. Court filings show the business submitted papers to the High Court on Tuesday, signalling that efforts to secure fresh funding or a buyer may have failed. The move puts around 280 jobs at risk across the group.
The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
Sinclair's 8.2% share ownership does not give it a right to vote on the future of our company's strategic direction or to force a merger that might benefit Sinclair. It does not allow them access to any information - financial, station-level or otherwise - that is not public. It does not give them a say in the operations of our company
On November 6, Sweetgreen announced that it was selling Spyce, its division that developed and made its Infinite Kitchen technology to automate the assembly of its bowls and salads. The acquirer is Wonder, the " restaurant and mealtime superapp," as Fast Company dubbed it earlier this year. With that, it's time to eulogize Sweetgreen's star-crossed life as a tech company. No more dreams of AI, blockchain, or robots.
For the first time in financial history, a major credit rating agency has formally evaluated a company built on a bitcoin-backed credit model. In news covered by Bitcoin Magazine, the S&P Global Ratings has assigned Strategy Inc (MSTR) a 'B-' Issuer Credit Rating with a Stable outlook, recognizing not just the company, but the emergence of Bitcoin as collateral inside the credit system. This marks a watershed moment for corporate finance.Bitcoin-backed credit is no longer theoretical. It is now a rated financial reality.
Days later, OpenAI struck a similar multibillion-dollar arrangement with AMD. Celebrated by investors, these deals also raised eyebrows. To some observers, they looked eerily like the circular financing arrangements of the late 1990s, when vendors and clients reinforced each other's valuations without generating real value. Bloomberg aptly described the pattern as an "increasingly complex and interconnected web of business transactions" fueling a trillion-dollar AI boom.
Melamud stated, "In my 16 years of investing, I had never come across such an enormous TAM (total addressable market) of greenfield opportunity," highlighting the potential for growth in unmanaged travel bookings.
