President Trump’s promise of American exceptionalism has not translated into stock market success, as the S&P 500 has fallen 6 percent since his inauguration while European and Chinese markets have risen. Investors are reallocating funds away from the U.S. due to uncertainties over Trump’s policies, with some advisers recommending a pivot to international stocks. Despite the current shift, some believe in the long-term strength of U.S. markets, while others speculate on a potential inflection point challenging U.S. financial dominance.
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Forever 21 Operator Files for Bankruptcy
Forever 21's operator in the US filed for Chapter 11 bankruptcy, listing assets of $100 million to $500 million and liabilities of $1 billion to $5 billion. The company, known for popularizing fast fashion, struggled to compete with online retailers, leading to its second bankruptcy filing in 2023. After being bought out of bankruptcy in 2019, Forever 21's operator Sparc Group signed an agreement with Shein, a Chinese e-commerce retailer, allowing Shein to buy a...
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