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Frustrated Trompies star Eugene chains himself over royalties 18 February 2021 - 20:27 Eugene Mthethwa Kwaito legend Eugene Mthwethwa has chained himself to a pole inside South African Music Rights Association (SAMRO) offices in Braamfontein demanding his royalties. Mthethwa who was supported by Ringo Madlingozi demanded all his composing royalties dating back to 1998.  The member of legendary kwaito outfit Trompies who started his sit-in around 1pm on Thursday  said he was prepared to sleep at the organisation's reception until his issues and other artists' royalties were...

The stock market is the meme market now. From the GameStop (GME) saga to Tesla’s Bitcoin buy (BTC-USD) to Elon’s Dogecoin (DOGE-USD) purchase, it seems like any internet-based humor that is even vaguely financial manages to impact asset prices. But factoring in how much of a meme a given asset might be is just not part of traditional portfolio management or anything they teach in the CFA program. Yet. What investment managers do learn, however, is that sometimes in markets everything that seems like it shouldn’t happen does. In other words, there are market moments during which it makes...

Monday, February 8, 2021 A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Companies are smashing expectations, but investors are selling the news “Buy the rumor, sell the news,” is an old saying in the markets. Simply put, you make a trade assuming some future outcome, and when that outcome is confirmed you close out your trade. According to the numbers during this earnings season, it looks like the “rumor” was that companies would smash expectations. When earnings season kicked of...

Two ways workplace productivity may have changed forever: Morning Brief Sam Ro Expect fewer business trips and less time in the office As the COVID-19 vaccines get administered around the world, much of the economy will gradually return back to the pre-pandemic normal. But some changes are likely here to stay, even after it’s safe to move freely again. In a research note published last week, Goldman Sachs economists identified two ways many businesses will have changed permanently. “First, travel and entertainment spending is likely to remain lower,” Goldman Sachs’ Spe...

The November retail sales report wasn’t good. It shows the need for additional stimulus. Many will criticize the $600 checks and the 11 weeks of $300 in unemployment insurance, but it will have a significant impact on spending to start the year. Of course, many want more money, but that’s not up to us. We just play the hand we are dealt. The checks probably won’t impact December retail sales, so another weak report is coming since there have been more shutdowns and initial claims have increased (although if they go out early next week that would bump up results in December). It’s nota...